Jan
26

In the News – January 26, 2014

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1/23/14  Douglas Elliman Releases Elliman Report for 4th Quarter 2013 Long Island Sales:  The Long Island housing market had a strong finish with the most 4th quarter sales in seven years and the lowest inventory levels in twelve years. In addition, median sales price reached the highest fourth quarter level in four years. Rising mortgage rates pulled many people into the market who have been on the sidelines for the past several years. Over the past decade, the luxury market outperformed the overall market, although this past quarter, the luxury market was in sync with the entire marketplace. As the regional economy slowly improves, we anticipate more improvement over the coming quarters.  See the full report at Elliman.com

1/23/14  Douglas Elliman Releases Elliman Report for 4th Quarter 2013 Hamptons Residential Sales:  The housing market in the Hamptons finished 2013 showing stability, after adjusting for the impact of last year’s “fiscal cliff” rush of buyers at the upper end. The current market has returned to a more normal mix of sales, as housing prices remained stable. The number of days to sell a property and the negotiability between buyers and sellers fell reflecting the tightness of the current market. Our “Decade” report showed that luxury market price trends outpaced the overall market. Given the high sales activity in New York City and reported rise of Wall Street bonuses, we look forward to a busy 2014 market.  See the full report at Elliman.com  

1/23/14  Douglas Elliman Releases Elliman Report for 4th Quarter 2013 North Fork Sales:  The North Fork housing market closed out the year with the highest quarterly sales total in five years. Inventory fell slightly from last year. Like the Hamptons market to the south, the North Fork also saw the rush of high-end buyers at the end of 2012, which caused prices to show a decline in the most recent quarter. Both days on market and listing discount fell, as market conditions remained “tight.” We look to an improving market over the next several quarters.  See the full report at Elliman.com

1/23/14 Douglas Elliman Releases 2004-2013 Hamptons and North Fork Decade Report:  See extensive Charts and Graphs for various sales data for the Hamptons and North Fork markets with comparisons over the past decade at Elliman.com.

1/23/14:  Douglas Elliman Releases 2004-2013 Long Island Decade Report:  See Extensive Charts and Graphs for various sales data for the Long Island Residential Sales Market with comparisons over the past decade at Elliman.com 

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