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Lindenhurst, NY Real Estate News

By Jackie Connelly-Fornuff, "Moving at The Speed of YOU!"
(Douglas Elliman Real Estate in Babylon NY)
Confused About Selling Your Home? Do What Feels Right. Homeowners have many reasons why they want to sell their home. Some want to trade-up. People retire and want to move to a warmer climate. If they have children they may want a better school district. The list goes on. But some know they should sell to meet their life goals but are on the fence about it. Why? Well, here is the story... I had a listing appointment recently and met a lovely young couple. The have small children and are not in school yet. The school district they are in is not the best so they are faced with having to pay for private school. For one child it will cost them around $4000 to $5000 per year. Double that when their youngest has to start school. Their home was an expired listing and I set them a letter along...
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By Jackie Connelly-Fornuff, "Moving at The Speed of YOU!"
(Douglas Elliman Real Estate in Babylon NY)
You Know Things Are Bad When..... A drifting satellite threatens U.S. cable programming. Run and record all the programming you can, lol. On May 23rd, a rogue satellite is drifting thousands of miles above Earth threatening to wander into another satellite's orbit and interfere with cable programming across the United States. A communications company said they lost control of their satellite named Galaxy 15 due to a solar storm. The Galaxy 15 is headed straight for a satellite that gives the U.S. cable programming. No one knows how long it's going to last according to the Galaxy 15 owners. You know, seeing this on the news this morning just made me laugh! Why? Because if we have programming interruption, will we see refunds on our cable bills? Nope. Everyone will say it's not their fau...
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By Jackie Connelly-Fornuff, "Moving at The Speed of YOU!"
(Douglas Elliman Real Estate in Babylon NY)
Lindehurst Short Sale Real Estate Market 2008 Through April 30th, 2010 Short Sale Homes in Lindenhurst that were listed in 2009, increase by 450% compared to 2008. As of April 30th, 2010, 26 homes in Lindenhurst were listed as short sales. 33 short sale homes were listed in 2009. The short sale real estate market is not over. Each month I'm going to update this chart for 2010 so we can see how the short sale real estate market is doing. Short sales are a foreclosure alternative. It's better on your credit. With a short sale, you will not be able to get another mortgage between 3 to 5 years. With a foreclosure, you are looking at a minimum of 7 to 10 years. I know this seems easy for me to say. Losing your home whether it's a short sale or foreclosure is not easy on you or anyone you kno...
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By Jackie Connelly-Fornuff, "Moving at The Speed of YOU!"
(Douglas Elliman Real Estate in Babylon NY)
Lindenhurst NY Sold Homes Prices For 2008 Thru April 2010 2008 was a great year wasn't it? Sold prices decreased 7.57% in 2009 compared to 2008. Sold Prices decreased 5.48% so far for 2010 compared to 2009. I will be posting these figures once per month so we can all keep an eye on the Lindenhurst Real Estate Market. The chart below represents sold prices in Lindenhurst for 2009: Recent Posts Regarding Lindenhurst, NY: Lindenhurst Homes That Sold Month Ending 4/30/10 Lindenhurst Homes Under Contract Month Ending 4/30/10 Lindenhurst Newly Listed Homes Month Ending 4/30/10 Lindenhurst Short Sale Market Report For 1st Quarter 2010 Lindenhurst - What A Great Place To Live, Work and Play! **All data is provided by the Mulitple Listing Service of Long Island**
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By Jackie Connelly-Fornuff, "Moving at The Speed of YOU!"
(Douglas Elliman Real Estate in Babylon NY)
Foreclosure Homes In Suffolk County NY REO Properties Month Ending 4/30/10 84 Foreclosures (Newly Listed) For Suffolk County Average Listing Price: $240,279Average Property Taxes: $14,038# of Bedrooms: 3.5# of Baths: 2 Town Bay Shore 7 Brentwood 5 Center Moriches 1 Centereach 1 Central Islip 4 Commack 1 Copiague 2 Coram 1 Deer Park 3 Dix Hills 1 E. Patchogue 1 East Marion 1 East Moriches 1 Eastport 1 Farmingville 2 Flanders 1 Hampton Bays 1 Huntington 1 Huntington Sta 3 Islandia 2 Islip Terrace 2 Lake Grove 1 Lindenhurst 1 Manorville 2 Mastic 2 Mastic Beach 4 Medford 4 Middle Island 1 Miller Place 1 N. Babylon 3 Nesconset 1 Patchogue 1 Pt.Jefferson Sta 1 Ronkonkoma 1 Selden 3 Shelter Island 1 Shirley 1 Sound Beach 3 Southampton 1 St. James 1 W. Babylon 1 Wading River 1 Wainscott 1 West...
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By Jackie Connelly-Fornuff, "Moving at The Speed of YOU!"
(Douglas Elliman Real Estate in Babylon NY)
Lindenhurst Real Estate Market Report Homes That Sold Month Ending 4/30/10 Homes That Sold: 26 Average Listing Price: $315,994 Sold Price: $300,490 % Difference: 5.16 Average Property Taxes: $8,197 Average # of Bedrooms: 3 Average # of Baths: 1.5 Average Days On The Market: 93 (When homes are priced right, they will sell in under 90 days or less). Recent Posts About Lindenhurst: Lindenhurst Newly Listed Homes Month Ending 4/30/10 Lindenhurst Homes Under Contract Month Ending 4/30/10 Lindenhurst Short Sale Market Report 1st Quarter 2010 Lindenhurst Average Sold Home Prices For 2009 About Lindenhurst, NYView Explore Lindenhurst New York! in a larger map
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By Jackie Connelly-Fornuff, "Moving at The Speed of YOU!"
(Douglas Elliman Real Estate in Babylon NY)
Lindenhurst Real Estate Market Report Homes Under Contract Month Ending 4/30/10 Under Contract:37 Average Listing Price: $315,098 Average Property Taxes: $8,825 Average # of Bedrooms: 3.5 Average # of Baths: 2 Average Days On The Market: 86 (When homes are priced right, they will sell in under 90 days). Recent Posts About Lindenhurst: Lindenhurst Newly Listed Homes Month Ending 4/30/10 Lindenhurst Short Sale Market Report 1st Quarter 2010 Lindenhurst Average Sold Home Prices For 2009 About Lindenhurst, NYView Explore Lindenhurst New York! in a larger map
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By Jackie Connelly-Fornuff, "Moving at The Speed of YOU!"
(Douglas Elliman Real Estate in Babylon NY)
Lindenhurst Real Estate Market Report Newly Listed Homes Month Ending 4/30/10 Newly Listed: 52 Homes That Had Price Changes: 6 Average Listing Price: $365,960 Average Property Taxes: $9,133 Average # of Bedrooms: 3.5 Average # of Baths: 2 Recent Posts About Lindenhurst: Lindenhurst Short Sale Market Report 1st Quarter 2010 Lindenhurst Average Sold Home Prices For 2009 About Lindenhurst, NY  View Explore Lindenhurst New York! in a larger map
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By Jackie Connelly-Fornuff, "Moving at The Speed of YOU!"
(Douglas Elliman Real Estate in Babylon NY)
Lindenhurst NY Short Sale Market Report 1st Quarter 2010 Short Sale Homes Available: 63Average Listing Price: $296,869Average Property Taxes: $8,470Under Contract: 5Average Listing Price: $276,996 Short Sale Homes That Closed: 9Average Listing Price: $276,443Sold Price: $271,167% Difference: 0.79Average Property Taxes: $7,584Average Days On The Market: 171 With the new short sale federal program, it will take many months until we know if banks are moving faster with approving short sales. Recent Blogs:Suffolk County Short Sale Market Report 1st Quarter 2010 Foreclosure Homes In Suffolk County NY REO Properties1st Quarter 2010 Lindenhurst Village - A Wonderful Town To Raise A Family!
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By Jackie Connelly-Fornuff, "Moving at The Speed of YOU!"
(Douglas Elliman Real Estate in Babylon NY)
Foreclosed Homes In Suffolk County NY REO Properties4th Quarter (Oct Nov Dec) 2009 281 Homes Foreclosed in Suffolk County Average Listing Price: $213,440Original Price: $222,221Sold Price: $210,102% Difference: -0.93Taxes: $7,576Days On The Market: 50 Low Listing Price: $44,300Original Price: $45,000Sold Price: $40,000% Difference: -530Taxes: UnknownDays On The Market: 2 High Listing Price: $789,900Original Price: $825,900Sold Price: $786,000% Difference: 41.1Taxes: $20,237Days On The Market: 203 The chart below represents the towns where the homes were foreclosed: Amityville 7 Bay Shore 12 Belle Terre 1 Bellport 2 Bohemia 1 Brentwood 19 Center Moriches 2 Centereach 4 Centerport 1 Central Islip 11 Copiague 6 Coram 4 Cutchogue 1 Deer Park 10 Dix Hills 3 E. Northport 1 E. Patchogue 4 E. ...
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By Jackie Connelly-Fornuff, "Moving at The Speed of YOU!"
(Douglas Elliman Real Estate in Babylon NY)
Selling Your Lindenhurst NY Home As A Short Sale What is a Short Sale?A short sale is when you owe more on your mortgage than what the market value is on your home. This is simple to understand. It is also better on your credit than a foreclosure. As of now, you will be able to get another mortgage 3 to 5 years down the road. A foreclosure on your credit means at least 10 years before you can get another mortgage. What Are The Steps To Begin The Short Sale Process?In order to do a short sale, you have to claim a hardship like: job loss, illness, divorce, etc., anything that has prevented you from being able to pay your mortgage. Your obligations must exceed your income or no Short Sale for you! The bank will not approve it. You have to sit down and hand-write a Hardship Letter explaini...
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By Jackie Connelly-Fornuff, "Moving at The Speed of YOU!"
(Douglas Elliman Real Estate in Babylon NY)
Lindenhurst Average Sold Home Prices Market Report For 2009 Average closed price for January 2010:  $283,000 Average closed price for February 2010: $308,000 Remember, the home buyer tax credit expires on June 30th, 2010 Everyone has to be in contract by April 30th, 2010 We are in the beginning of March now and if you have been thinking of selling, call me today (631) 703-0201 and let's get your home on the market! If you wait too long, you will miss out on the buyers that are out there shopping early!
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By Jackie Connelly-Fornuff, "Moving at The Speed of YOU!"
(Douglas Elliman Real Estate in Babylon NY)
Lindenhurst NY Real Estate Market Report - February 2010 These figues do not include short sale and foreclosure homes. If they did, the average prices would be lower.   Newly Listed Homes 24 Average Listing Price $360,754 Average Taxes $9,066 Under Contract 10 Average Listing Price $327,398 Original Price $334,498 Average Taxes $8,231 Days On The Market 116     Homes That Sold 4 Average Listing Price $331,233 Original Price $351,623 Sold Price $308,125 % Difference 8.7% Average Taxes 9,717 Days On The Market 77
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By Jackie Connelly-Fornuff, "Moving at The Speed of YOU!"
(Douglas Elliman Real Estate in Babylon NY)
Selling Your Lindenhurst NY Home - Where To Put Your Pets? As a Realtor, I see all too often home owners letting the pets stay at home during open houses. I hear comments from buyers about the pet "smell" or the pet jumping on them. If you have a large dog, that can be a liability to you. What if that buyer falls and gets hurt? You have to avoid that at all costs. The prospective buyers also could have allergies and if they have an allergy attack, they will leave your home pronto and never return! The only thing they will remember about your home, is having an allergy attack there. Remember, bad news and experiences travels fast! Some people are just scared of dogs. I know that is not your problem per sé, but you do want to sell your home right? You worked hard on decluttering and maki...
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By Jackie Connelly-Fornuff, "Moving at The Speed of YOU!"
(Douglas Elliman Real Estate in Babylon NY)
Growing Up In LindenhurstNY We moved to Lindenhurst in 1975. My parents bought their first home on 753 S. Pecan Street which is down the block from E.W. Bower Elementary School. I have very fond memories from attending Bower Elementary School. Days of playing dodge ball during lunch time, playing on the swings, handball, jump rope, and hopscotch. I also remember my teacher, Mrs. Healy. She was a good teacher, but tough. You learned in her classroom. She had the unfortunate task of having to leave me back in 6th grade. As devastating as it was to me at the time, I realized the following year she did the right thing by me. On the last day of school, I didn't want to go because I was so embarrassed. Mrs. Healy called my home and convinced me to come and I did. She is one of the few teache...
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By Mary Alice Ruppert
(Coach Realtors)
Real estate has always been one of the best investment vehicles around. Current economic conditions with declining home prices, low interest rates, tax credits & incentives, increasing inventories and motivated sellers, has given rise to great opportunity to invest in the Long Island real estate market once again. Short sale and foreclosure properties are now present in almost every market area on Long Island. As the inventory of available properties grows, the value of those properties declines or, at least, plateaus. Banks are now pricing their inventory more competitively to encourage quicker sales and it appears to be working. Last month 3 out of 10 closings in Lindenhurst sold for over the asking price. And this trend is becoming more prevalent. Copiague also recorded 3 out of ...
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By Jackie Connelly-Fornuff, "Moving at The Speed of YOU!"
(Douglas Elliman Real Estate in Babylon NY)
Lindenhurst Short Sale Market Report4th Quarter (Oct, Nov, Dec) 2009 8 Short Sale homes were placed on the market during this period. Average Listing Price: $324,249Taxes: $8,999 Low Listing Price: $199,000Taxes: $5,999 High Listing Price: $379,000Taxes: $11,691 Lindenhurst Short Sale Homes Under Contract for the 4th Quarter (Oct, Nov, Dec) 2009 6 Homes went under contract during this period. Average Listing Price: $298,663Original Listing Price: $319,333Taxes: $9,078 Low Listing Price: $230,000Original Listing Price: $230,000Taxes: $6,730 High Listing Price: $419,990Original Listing Price: $489,000Taxes: $11,505 See the difference between the listing price and the original listing price? When Realtors place a short sale home on the market, we have to search comparable listings in orde...
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By Jackie Connelly-Fornuff, "Moving at The Speed of YOU!"
(Douglas Elliman Real Estate in Babylon NY)
Lindenhurst NY For Sale by Owner - Why Go Without Representation? I speak to For Sale By Owners in Lindenhurst NY each week. Most of them say they want to try selling their home on their own for a while. Some want to save on the commission. Others say they bought at the top of the real estate market and truly cannot afford to pay the commission. That I can understand. Buyers hire Realtors to represent them. Why should you go without representation? As a homeowner trying to sell your home on your own, you have no representation. No one on your side to protect you. What does representation mean to you, the seller? Here is what representation will do for you: First off, most buyers do not want to deal directly with the homeowner that is why those buyers have a Buyer's Agent to represent t...
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By Jackie Connelly-Fornuff, "Moving at The Speed of YOU!"
(Douglas Elliman Real Estate in Babylon NY)
Lindenhurst NY Real Estate Market Report - Sold Homes For January 2010 Sold Homes in Lindenhurst NY: 9It was 19 and that included REO's and Short Sales. Can't include those because that will would make the prices lower than they really are and that would be inaccurate.Average Listing Price: $299,041Sold Price: $283,944% Difference: 5.28Days On The Market: 125Average Taxes: $6,527 Low Listing Price: $189,900Sold Price: $175,00% Difference: 2.5Days On The Market: 17Property Taxes: $1,614High Listing Price: $489,000Sold Price: $455,000% Difference: 10.9Days On The Market: 238Property Taxes: $8,831 The chart below represents the style of homes: Style Colonial 1 Exp Cape 1 Exp Ranch 1 Hi Ranch 1 Ranch 3 Split 2 Make It A Great Day!
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By Jackie Connelly-Fornuff, "Moving at The Speed of YOU!"
(Douglas Elliman Real Estate in Babylon NY)
Lindenhurst Real Estate Market Report New Homes Listed For January 2010 Newly Listed Homes in Lindenhurst, New York: 26Average Listing Price: $403,263Average Taxes: $8,874.00 Please note that 39 homes were newly listed but 26 of them are regular listings. The other 13 are REO's (Bank Owned) and Short Sales. If I included those, the average listing price would have been lower and that wouldn't be accurate. Low Listing Price: $210,000.00Property Taxes: $2,097.00 High Listing Price: $1,175,000Property Taxes: $15,796.00 The chart below represents the style of homes that are currently on the market: Style Cape 5 Colonial 3 Exp Cape 3 Exp Ranch 1 Hi Ranch 5 Post Modern 1 Ranch 4 Split 4  
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