Sound Beach housing market (Babylon, Commack: for sale by owner, real estate, houses)

[Jj1075]

Hello, so we've spent the last 4 weekends or so house hunting in the Moint Sinai, Miller place and sound beach area. Today we focused on sound beach mostly and I was astounded at all the "for sale" signs in the area. It wasn't uncommon to see a sign every 4-5 houses. What's the deal? Is it simply a buyers market in the area or am I missing something?

[mm3846]

You aren't missing anything. Some of the best deals in LI real estate are in that area as far as I'm concerned. I was looking there and ended up going even further east to Wading River. Should be closing soon.

[jra85]

Cross-shopping Mount Sinai, Miller Place, and Sound Beach is a little odd since the latter is typically not valued as highly in real estate or schools. Are you just shopping the three based on their location? If you have children (or plan to soon), you'd probably prefer buying in MS or MP if you can afford it.

[rprprprp]

Remember that part of Sound Beach attends Miller Place Schools. The other part goes to Rocky Point. But Sound Beach will still be cheaper than Miller Place in general because SB has smaller houses and properties.

[OhBeeHave]

Originally Posted by jra85

Cross-shopping Mount Sinai, Miller Place, and Sound Beach is a little odd since the latter is typically not valued as highly in real estate or schools. Are you just shopping the three based on their location? If you have children (or plan to soon), you'd probably prefer buying in MS or MP if you can afford it.

You can buy Sound Beach with Miller Place schools or Rocky Point schools. Depends on where in Sound Beach one looks.

MIA poster Crookhaven (in the past) brought up the fact that Miller Place taxes are high, so that is something to consider whether looking in Miller Place or Sound beach zoned for Miller Place.

[blernard]

It's all about supply and demand. Jobs typically dictate where people live and that area is way too far to commute to NYC. If you work remotely, are retired or happen to have a well paying job on LI, some north shore mid suffolk areas offer a great value.

NYC is experiencing a real estate boom which is driving people to LI to seek lower costs (which is raising prices here). However, most of these buyers want to remain close to work (NYC), which is why many markets in Nassau have been hot and mid suffolk has not been.

[monstermagnet]

Not sure but seems to me when the market is up, a sea of for sale signs come out all over. Lots of people willing to pack it in if the price is right. People tossing out Zillow styled "make me move" pipe dream prices...and getting offers! I put out a For Sale By Owner sign but my wife took it down!

[hotkarl]

Sold my house in under a week. S/W Nassau.
Area is hot right now for exact reasons previously mentioned in this thread.

[blernard]

Originally Posted by hotkarl

Sold my house in under a week. S/W Nassau.
Area is hot right now for exact reasons previously mentioned in this thread.

Exactly. These areas are experiencing "gentrification" in the sense of a home that used to be owned byou a 1 income postal worker is now being purchased by a dual income professional household making 200k.

The closer to NYC the crazier, even in towns that are nothing special. It will ripple into suffolk buthe only around commutable trains. No further than say Northport, Commack, Babylon.

At a certain point it's just too far. Look at sound beach on zillow. Zillow is pegging the market as "very cold". And it isn't just the time of year. Look at the same in a town further west and look how different it is.

[hotkarl]

My buyers specifically targeted my neighborhood because of the fact that it is walking distance to the train. It helped that it is a good neighborhood with high rated schools.