HO HO HOMES
Should old Saint Nick desire to reside on a street that bears his name, he can scope out this eight-room split-ranch on Saint Nicholas Avenue in Lake Grove, which is listed with Laura Panarese of Brian Thomas Group in Hauppauge for $385,000.
The three-bedroom, 2 1/2-bath house has a fireplace in the living room -- perfect for St. Nick's traditional entrance. Once inside, he will find that the living room also features a large window facing the street. Likewise, the dining room has a large window overlooking the rear property. "You can get lost in the scenery," Panarese says. The property -- just shy of half-acre -- has an in-ground pool.
There are other homes for sale on streets whose names are reminiscent of Christmas. A sample includes an eight-room high-ranch on Holly Place in West Hempstead listed with Troy Steinberg and Carmen Valdez of Coldwell Banker Optimum Realty in Franklin Square for $299,000. The four-bedroom house, which has 1 1/2 bathrooms, includes a family room, a dining room and an eat-in kitchen, Steinberg says, noting the family room has sliding glass doors that open to the yard. Amenities include central air-conditioning and two-car garage. Set on a 70-by-87-foot parcel, the house is close to a train station, schools, stores and houses of worship.
Other Christmas-y listings include an eight-room expanded ranch on Chimney Lane, priced at $415,000; and one ranch and one expanded Cape on Noel Drive in Centreach that are priced between $220,626 and $299,000.
DON'T BANK ON LI PRICE DROPS
Forty-eight percent of New York real estate professionals across the state expect home prices to decline in the next six months, according to a fourth-quarter 2011 nationwide home-values survey by HomeGain, a real estate information and marketing website.
"On Long Island, I don't anticipate that," says Frank Dell'Accio, broker of Century 21 AA Realty in Lindenhurst, who was named Realtor of the year by the Long Island Board of Realtors. "There's not a large amount of inventory on the market -- there's not an oversupply.
He says interest rates remain low, and that there isn't the anticipation of a large increase of foreclosure activity -- at least for the early part of 2012.
And though Dell'Accio says prices might dip slightly, he says he feels over time they will increase, though he doesn't see any notable appreciation in the first half of 2012. Much depends on consumer confidence, the unemployment rate and inventory, he says. -- LISA DOLL BRUNO