Long Island Housing Market Analysis - going down further!! (Syosset: 2010, closing)

[56 Fighter]

Check out this PDF showing interesting trends:

http://www.millersamuel.com/reports/...ts/LMO1Q09.pdf


It will be interesting to see how this years Q2 compares to last years. This years Q1 is definitely worse than last years.

[Crookhaven]

Originally Posted by 56 Fighter

Check out this PDF showing interesting trends:

http://www.millersamuel.com/reports/...ts/LMO1Q09.pdf


It will be interesting to see how this years Q2 compares to last years. This years Q1 is definitely worse than last years.

Wow.

So if Im reading this right Nassaus down 20%/Suffolks down 10% year over year.

It also looks like the Median price gap is closing Nassau vs Suffolk.
I really think the 2010 census is gonna be a real eyeopener.

Im curious if it the top or bottom of Nassau that falling so badly.
I suspect the bottom.


Crooks

[56 Fighter]

Originally Posted by Crookhaven

Wow.

So if Im reading this right Nassaus down 20%/Suffolks down 10% year over year.

It also looks like the Median price gap is closing Nassau vs Suffolk.
I really think the 2010 census is gonna be a real eyeopener.

Im curious if it the top or bottom of Nassau that falling so badly.
I suspect the bottom.


Crooks

The top of Nassau isn't falling as drastically, but still falling. The days on the market is 135 for the north shore of nassau. The discount off list is also pretty high.

[Crookhaven]

Originally Posted by 56 Fighter

The top of Nassau isn't falling as drastically, but still falling. The days on the market is 135 for the north shore of nassau. The discount off list is also pretty high.

They didnt break out Suffolk very well

I see the Hamptons is a different report.

Crooks

[djdairyp]

Originally Posted by Crookhaven

Wow.

So if Im reading this right Nassaus down 20%/Suffolks down 10% year over year.

It also looks like the Median price gap is closing Nassau vs Suffolk.
I really think the 2010 census is gonna be a real eyeopener.

Im curious if it the top or bottom of Nassau that falling so badly.
I suspect the bottom.


Crooks

It says in the report that north shore nassau had the smallest price decline but also the biggest decline in sales, so I guess that shows you something

[WJFM]

It says here that North Shore is defined as north of LIE and 25 ( Jericho Tkpe). Syosset is North shore.. but Jericho is not according to this definition!

[Crookhaven]

Originally Posted by djdairyp

It says in the report that north shore nassau had the smallest price decline but also the biggest decline in sales, so I guess that shows you something

What does that mean?

Cash is king.

I wish they would just stick to $$.

[djdairyp]

Originally Posted by WJFM

It says here that North Shore is defined as north of LIE and 25 ( Jericho Tkpe). Syosset is North shore.. but Jericho is not according to this definition!

I noticed that too, by looking at the towns listed at the end of the document in each category. There is a whole other thread that resurfaces every so often about what people consider to be north and south shore ... i guess this is how the realtors view it. From the limited time I have driven in jericho, a lot of it does have a somewhat middle island feel to it.

[djdairyp]

Originally Posted by Crookhaven

What does that mean?

Cash is king.

I wish they would just stick to $$.

I interpret it as since prices have declined the least, there has been a greater loss in numbers of sales.

[Crookhaven]

Originally Posted by djdairyp

I interpret it as since prices have declined the least, there has been a greater loss in numbers of sales.

So apparently they are overpriced.

gotcha

Crooks