Authored by: Options Realty
February 18th, 2008
What does a home, available for sale from $345k to $499k look like in Southold, New York?
What does a SOLD home, priced from $352k to $499k look like?
Information gathered from MLSli (Multiple Listing Service of Long Island) provides information, which is entered into the system by third parties (real estate agents).*
A HOUSE ON THE MARKET PRICED BETWEEN 345K AND 499K IN SOUTHOLD, NEW YORK AS OF FEBRUARY 17, 2008 HAS THE FOLLOWING CHARACTERISTICS (16 available properties in this price range):*
Square footage: 1377* Basement: .76 or, three quarter basement. (Slab=0; crawl=.25;part=.50; full =1 point. Total divided by homes on the market). Style: Ranch: 11; 2 story (to include cape, colonial, etc): 6.
Bedrooms: 3
Garage: 1.75
Bath: 1.87
A SOLD HOUSE IN SOUTHOLD, NEW YORK, BETWEEN THE DATES OF 06/01/2007 THROUGH -2/17/2008 priced from 345K-499K HAS THE FOLLOWING CHARACTERISTICS:
Square footage: 1423*
Basement: .82
Style: ranch: 14 (to include “raised”, “expanded”, and “Hi” ranches); 2 story (see above): 5
Garage: 1.36
Bedrooms: 3
Bath: 1.76
These figures are rudimentary. Not taken into account is location (priceless?) age, or condition. Interestingly, there are available what appear to be very nice buys- one comes to mind that’s a fixer upper with water view.
There are many elements lacking, when taking 16 (on the market) houses, vs. 19 sold houses and developing a model of a good opportunity. It is, however, a “feasibility” study of sorts, providing facts to offset decisions. The right combination of expectation and offer for sale is important right now. While the buyer pool has slowed, it hasn’t stopped. People want to buy a home that is MARKET VALUE if in great shape, and UNDER MARKET if it needs work. Both terms are a moving target at the moment.
*the numbers were skewed by the input provided- for example, one sold property indicated over 14000 s.f.- clearly incorrect. Houses whose #’s were clearly off were eliminated in that category, with the remaining properties divided.
Authored by: Options Realty - Sean Stark
February 10th, 2008
At Options Realty we are glad to see that Riverhead’s two newest additions to the Town Board, Tim Buckley and Jim Wooten, have started the new administration in Riverhead Town Hall with local business success as a priority. Now let’s hope that the rest of the Town Board has the required fortitude to follow their comments of support with some action. Quickly.
At least these two members of the Riverhead Town Board understand the urgency of the problem with derelicts and deadbeats in downtown Riverhead. Solutions are available. Having the spine to back them up and maintain optimism and vision for a revitalized Downtown will hopefully prevail.
Tim Gannon had an article in The News Review on Thursday of this week entitled ‘Zero Tolerance’ Zone.
Avenue on the west to Mr. Buckley is proposing that the zero tolerance zone for downtown stretch from GriffingOstrander Avenue on the east, with the zone going about a block to the north of Main Street. There would be signs clearly marking the boundaries of the zone, he said.
“Zero tolerance is a full-scale strategic attack on all crime and disorder in Riverhead, Main Street in particular,” Mr. Buckley said. “It focuses on the enforcement of ‘quality of life’ offenses such as drinking in public, loud radios, urinating in public and disorderly conduct. By quickly addressing these problems,Riverhead will send the message that more serious crime will not be tolerated.”
Read the rest of the article ‘Zero Tolerance’ Zone
Sometimes there is a little truth in pessimism...
...Please read the rest of this post here @ Options Realty. Thanks for stopping by.
Authored by: Options Realty
February 1st, 2008
BUYER AGENCY ON THE NORTH FORK OF LONG ISLAND: DON’T LEAVE HOME WITHOUT IT!
We have posted for your review a disclosure that you will be required to acknowledge when you choose to work with a real estate agent/Realtor in the state of New York. Please see previous blog.
At Options Realty, we offer as company policy two choices: have us represent you as a buyer, or have us represent you as a seller, or in the event of our own internal listing, on behalf of the seller. If you care for a listing that we offer, we will offer only SELLER AGENCY representation- meaning that you’d be wise to obtain your own buyer broker to look out for your best interests. Dual agency, to us, is a very bad plan, and it undermines the integrity that we’d like to see all parties exit the transaction with, including ourselves. Many local companies do not feel as we do; that choice belongs to them. We operate on our own level of integrity, not local practice.
FREQUENTLY ASKED QUESTIONS ABOUT BUYER REPRESENTATION:
“Who pays the commission?” is a common question. Know that, if a home is presented in the MLSLI (Multi List of Long Island) the seller has indicated payment to the cooperating broker. It’s in the PRICE of the home. So- the reality is, as a buyer offering full price for a house, you pay it (from our perspective), but the listing agent compensates Options Realty OUT of the advertised fee. Offering less than full price does not negate the agreement of the seller- it simply means that they will net less due to a lower accepted offer.....
Authored by: Options Realty
January 30th, 2008
Thinking of retiring to a condo on the North Fork of Long Island? Below, as of 01/29/07, the following communities have opportunities available:
BAITING HOLLOW, New York:
The Bluffs: 2 bedroom/2 bath. *HOA/Maintenance fee: $300-330. Amenities: Y; # of properties available: 5; price range: $299k-455k.
The Knolls: 2-3 bedroom/2-2.5 bath. HOA/Maintenance fee:$260-440. Amenities: Y; # of properties available: 5; price range:$369k-649k.
CALVERTON, New York:
Windcrest East: 3 bedroom/3 bath. HOA/Maintenance fee: $220-270. Amenities: Y; # of properties available: 2; price range:$589k-629k.
EAST MARION, NEW YORK:
Cleaves Point: 2 bedroom/2.5 bath. HOA/Maintenance fee: $568. Amenities: Y; # of properties for available: 1; price range: $865k.
JAMESPORT, NEW YORK:
Maidstone Landing: 2-3 bedroom/2.5-3.5 bath. HOA/Maintenance fee: $482-500. Amenities:Y; # of properties available:6; price range: $835k-1,275,000.
RIVERHEAD, NEW YORK:
Mill Pond: 2 bedroom/1.5-2 bath. HOA/Maintenance fee: $187-200. Amenities: Y; # of properties available:6; price range: $285k-349k.
Willow Ponds: 2 bedroom/2-2.5 bath. HOA/Maintenance fee:$200. Amenities: Y; # of properties available:10; price range: $285k-525k.
Sunken Ponds: 2 bedroom/2 bath. HOA/Maintenance fee:$248-280. Amenities: Y; # of properties available:5; price range:$350k-410k.
Saddle Lakes:2 bedroom/2 bath. HOA/Maintenance fee:$350. Amenities: Y; # of properties available: 1; price range: $395k.
Stoneleigh Woods: 2 bedroom/2.5 bath. HOA/Maintenance fee:$251. Amenities: Y; # of properties available: 2; price range:$358k-369k.
SOUTHOLD, NEW YORK:
Founders Village: 2 bedroom/2 bath. HOA/Maintenance fee:$240. Amenities: Y; # of properties available: 3; price range: $345k-349k.
Amenities vary- while some offer a clubhouse and pool, others include tennis courts. To get a full rundown and current availability, call or email us for a market report. Please include those amenities that are important to you (proximity to bus-lines and town, available clubhouse, 55 and better, pets accepted, etc).
All info obtained from mlsli, so while the information is deemed reliable, confirmation is recommended- as things change daily, call or email for updates: 631-727-2227
Authored by: Options Realty
For those considering buying or selling a home in Riverhead, New York, the information below is intended to assist.
RIVERHEAD, NEW YORK: MARKET REPORT FOR 2007
DETACHED HOMES SOLD and CLOSED IN 2007 BY PRICE POINT*
Price range: $150,000. TO $250,000
NUMBER SOLD: 9
Days on the market average: 91
2 STORY:1
RANCH:5
“OTHER”:1
MOBILE HOME:2
# OF HOMES CURRENTLY FOR SALE:14
Price range: $251,000 TO $350,000
Number SOLD:24
Days on the market average:119
2 STORY:11
RANCH:12
MOBILE HOME:0
“OTHER”:1
# OF HOMES CURRENTLY FOR SALE: 29
Price range: $351,000 TO $450,000
Number SOLD:17
Days on the market average:117
2 STORY:8
RANCH:6
“OTHER”:3
# OF HOMES CURRENTLY FOR SALE: 38
Price range: $451,000 TO $550,000
Number SOLD:10
Days on the market average:218
2 STORY:8
RANCH:2
#OF HOMES CURRENTLY FOR SALE:36
Price range: $551,000 TO $700,000
Number SOLD:6
Days on the market average:214
2 STORY:6
RANCH:0
# OF HOMES CURRENTLY FOR SALE:28
Price range: $701,000 AND ABOVE
Number SOLD:1
2 STORY:0
RANCH:1
# OF HOMES CURRENTLY FOR SALE: 5
*statistics gathered from the MLSLI.
This report is intended as a “snapshot” of 2007 results for those considering selling or buying in Riverhead, New York. To receive updates, return to our home page, and view the “market snapshot” on the right lower side. You will be provided with the most current information. Or, call us at 631-727-2227 to get a specific price range for your home. We’re happy to help!
Stay tuned in the next few days for updates on: CALVERTON, BAITING HOLLOW, AQUEBOGUE RESULTS. They will be posted shortly for your review. Greenport, Southold, Cutchogue, Mattituck, Laurel, Peconic, and Jamesport to follow. If you’d like an early copy, email us, and we’ll email the results, or call today: 631-727-2227.
Located in historic downtown Riverhead in the "Old Post Office".
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