housing price in suffolk (Smithtown, Commack: for sale, how much, houses)
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Anyone know how much housing prices have dropped on long island around smithtown/dix hills/hauppauge areas? Are we back to 2003 or 2002 levels? I still see certain houses selling almost double what they paid for in 2000/2001!
Anyone know how much housing prices have dropped on long island around smithtown/dix hills/hauppauge areas? Are we back to 2003 or 2002 levels? I still see certain houses selling almost double what they paid for in 2000/2001!
It depends on the house, but I'd say more like 2004-2005 levels for a decent house that's been updated. Slightly off peak but not that much. I wish it weren't so because that's where I'm looking (friends too), and this is our experience.
If someone puts up an updated house with no major issues, at a realistic price, it sells in a week after the open house. Houses that are listed too high or that haven't been touched in 25 years sit for a long time. Our friends got outbid on a full price offer for a house in Smithtown by a full cash offer.
People are not buying, getting heloc's and updating. If it's not updated, most people won't buy. If you have equity in your home and want to sell it, you need to update kitchens and baths at least.
Anyone know how much housing prices have dropped on long island around smithtown/dix hills/hauppauge areas? Are we back to 2003 or 2002 levels? I still see certain houses selling almost double what they paid for in 2000/2001!
Here is a link to a site that has historical asking prices of LI housing going back to 2006.
Moderator cut: link removed, linking to competitor sites is not allowed
It depends on the house, but I'd say more like 2004-2005 levels for a decent house that's been updated. Slightly off peak but not that much.I wish it weren't so because that's where I'm looking (friends too), and this is our experience.
If someone puts up an updated house with no major issues, at a realistic price, it sells in a week after the open house. Houses that are listed too high or that haven't been touched in 25 years sit for a long time. Our friends got outbid on a full price offer for a house in Smithtown by a full cash offer.
People are not buying, getting heloc's and updating. If it's not updated, most people won't buy. If you have equity in your home and want to sell it, you need to update kitchens and baths at least.
Interesting. With very few exceptions, that's not what I'm seeing.
Where are you looking?
We had a few homes for sale this year. One was on the market for 4 months and got an offer not much below the asking price ; it should close anyday now. The second had an offer within a few weeks of being on the market but as it is a commercial property, it takes longer ; it too should close anyday.
Our own house ; well now, we put that on the market at the end of Feb and within 15 days we had a full price offer. Unfortunately the appraisal came back below the price but we took the lower price as I jsut dont know how long it would be otherwise. Our own house was updated ; granite, stainless steel, pergo floors, new carpet, painted etc. And it was put on at a reasonable price also so it goes to show that if your house is ready to be sold and asks a decent price, it will sell. Price is below what we paid for it in 04 so it bites. But thats the market.
We had a few homes for sale this year. One was on the market for 4 months and got an offer not much below the asking price ; it should close anyday now. The second had an offer within a few weeks of being on the market but as it is a commercial property, it takes longer ; it too should close anyday.
Our own house ; well now, we put that on the market at the end of Feb and within 15 days we had a full price offer. Unfortunately the appraisal came back below the price but we took the lower price as I jsut dont know how long it would be otherwise. Our own house was updated ; granite, stainless steel, pergo floors, new carpet, painted etc. And it was put on at a reasonable price also so it goes to show that if your house is ready to be sold and asks a decent price, it will sell. Price is below what we paid for it in 04 so it bites. But thats the market.
Sorry the timing wasn't better for you in terms of price.
Thank you for your statement! That's what I see mostly - prices BELOW 2004!
Interesting. With very few exceptions, that's not what I'm seeing.
Where are you looking?
Smithtown SD, Hauppauge SD. Friends are looking in those areas and in addition Northport SD, Commack SD, Haborfields, HHH SD, etc.
Updated houses, no double yellow lines, no high tension lines overhead, no mold smell in basement, no junkyard next door, under 500K, are selling very fast. That being said..those houses are few and far between with LI's old and poorly maintained housing stock.
It depends on the house, but I'd say more like 2004-2005 levels for a decent house that's been updated. Slightly off peak but not that much. I wish it weren't so because that's where I'm looking (friends too), and this is our experience.
If someone puts up an updated house with no major issues, at a realistic price, it sells in a week after the open house. Houses that are listed too high or that haven't been touched in 25 years sit for a long time. Our friends got outbid on a full price offer for a house in Smithtown by a full cash offer.
People are not buying, getting heloc's and updating. If it's not updated, most people won't buy. If you have equity in your home and want to sell it, you need to update kitchens and baths at least.
+1 on this.
(Somebody obviously uses Dmans account to post here)
Smithtown SD, Hauppauge SD. Friends are looking in those areas and in addition Northport SD, Commack SD, Haborfields, HHH SD, etc.
Updated houses, no double yellow lines, no high tension lines overhead, no mold smell in basement, no junkyard next door, under 500K, are selling very fast. That being said..those houses are few and far between with LI's old and poorly maintained housing stock.
Are high tension wires near a home really proven as hazardous or is that an old wive's tail that leads people to reject property near them?
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