LI market showing strong gains

From Newsday:

Long Island’s supply of homes for sale is at its lowest level in at least two years, by one measure.

It would take just under five-and-a-half months to sell all 6,988 homes listed in Nassau County at the current pace of sales, according to a Newsday analysis of data supplied by the Multiple Listing Service of Long Island. In Suffolk County, it would take almost eight months to sell all 10,271 homes at the current pace of sales.

By contrast, a year ago there was an almost eight-month supply in Nassau and a nearly 11-month supply in Suffolk County.

The median sales price rose by 8.7 percent in Suffolk County, to $347,750, and in Nassau County the median sales price rose by 2.3 percent, to $445,000, the listing service reported Friday. The number of home sales rose by 16 percent last month compared to August 2012.

August marked the sixth straight month of year-over-year home sales and price increases in Suffolk County. Nassau County has seen five straight months of annual home sales gains, and three months of upticks in prices.

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25 Responses to LI market showing strong gains

  1. Fast Eddie says:

    Long Island’s supply of homes for sale is at its lowest level in at least two years, by one measure.

    Ok, so why aren’t there more listings if it’s a sellers market? What are they waiting for? I thought the fence sitters were waiting for a rebound? What’s the holdup?

  2. Fast Eddie says:

    Demand for houses is so strong that some agents are bypassing the traditional multiple listing service to market properties on the side.

    “Off-MLS marketing is out of control,” said Jeremy Conway, a Michigan-based real estate sales consultant. “That friendly pocket listing has now become an epidemic.”

    Conway said that in some metropolitan areas, more than 30 percent of home listings are being withheld from the MLS with the sellers’ permission.

    Agents and sellers use this tactic to more tightly control the marketing of the property and fuel buyer interest.

    And for the rest of us, eat the sh1t and pay full price.

  3. grim says:

    Got a nice pocket listing for you in Wayne, I’m telling you, top notch, great neighborhood – $650k.

  4. Comrade Nom Deplume, knee jerk savant says:

    It’s everyone buying homes near JJ. Who wouldn’t want to live near The Most Interesting Man In The World?

  5. Fast Eddie says:


    That town would be an option if it wasn’t for said child’s school location. But 650K is a little too steep on top of the taxes. :)

  6. grim says:

    Can’t we all just let them kill each other?

  7. joyce says:

    Confronted by an agitated man who at one point lay down in the middle of a crowded intersection in Times Square, two police officers fired shots late Saturday evening at the man, striking two bystanders instead, the authorites said. (they missed the guy completely)

  8. Essex says:

    Apple’s take on 64-bit isn’t mere “marketing fluff.”

    This Extreme Tech piece is both agreeable and informative, but the title’s too dismissive. As noted above, Apple’s made no claims that the 64-bit processor in the iPhone 5S equates to immediately faster performance.

    But it’s inaccurate to dismiss 64-bit as “fluff” given the foundation it’s building for register efficiency, floating points instructions and memory addressability (granted on the latter it’ll be some time before Apple’s putting more than 4GB of memory in an iPhone).

    We’ll have to see what the benchmarks tell us, but ChAIR Entertainment, the studio behind the first 64-bit iOS game Infinity Blade III (launching next week), claims it’s seeing quantifiable improvements already. ”One of the things we’ve found is that it really is quite a bit more powerful,” ChAIR co-founder Geremy Mustard told Mashable. “Having a native 64-bit means instructions process more efficiently and we actually get a much higher boost for that.”

    That said, iOS apps are 32-bit — they have no idea what 64-bit is.

    32-bit apps won’t benefit an iota from the A7′s new 64-bit architecture. Except for iOS 7 itself, which is going to exist for a while in a kind of 32-bit/64-bit limbo that may or may not result in tangible 64-bit-related performance improvements (again, wait for the benchmarks) as well as Infinity Blade III. That’s the entirety of your 64-bit spectrum if you’re picking up an iPhone 5S next week.

  9. Firestormik says:

    Moving to 64 bit means all the programs will be ~30-40% larger in size. There is no point to move to 64 bit until you hit 4gb limit. I used to be very good programming in Assembler back in 90’s so I know what I’m talking about

  10. Juice Box says:

    re # 12 – Anyone who hasn’t lived with 16kb on an 8-bit OS should be careful about casting aspersions against 64 bit and nearly boundless memory.

    Apple’s problem with the iPhone has been multi-tasking. Adding more addressable memory fo the OS and applications will only make that feature multitasking a reality.

    Here is really my first home computer. Sorry Apple you were far too expensive, although I did learn allot on my neighbors Apple 2C. He was a good teacher and tutor.

  11. grim says:

    The big deal about the new CPU is that they doubled the registers. Fire will know why that is important, having coded assembler.

    Problem is marketing doesn’t understand it.

  12. Juice Box says:

    re# 12 – Q vectors mean more than a Gold cases?

  13. grim says:

    Candy Crush Saga in a 1024×1024 grid.

  14. Fabius Maximus says:

    #11 Juice,

    Ohh, you with your big 6502. That was the best chip for its time before Motorola introduced the 68000. I started with this.
    Ever seen Chess in 1K?

    64bit in the iPhone is not a big deal at the moment as everything will still run 32bit. I agree with Fire in that programs will be bigger, but it is a moot point. Memory is cheep and you balance that against everything is now held in memory and fully addressable.
    In the end it is a good thing as it opens the platform for some serious cool developments. Its down to Apple to ensure they don’t shut down the creativity by restricting the hardware

  15. Juice Box says:

    Fab – I was talking 70s not some POS from the 80s that had a fake keyboard. I was unimpressed then and still pine for the days I could tickle the keyboard on an Apple or an Atari, I still remember the distinct sound each keyboard made and the Timex did nothing.

  16. Libtard at home says:

    Here’s my first CPU. I, of course, could not afford a floppy drive and definitely not a hard drive. I lost a lot of good programs to the cassette player.

  17. cobbler says:

    Came back after 2 weeks away – and find 3 houses for sale within my development (1 priced just right, 1 crazily high, 1 hoping for a bid war). Last there’d been so many was in 2006, methinks. Price recovery ready to crash?

  18. grim says:

    15 – what no Amstrad?

  19. Fabius Maximus says:

    #16 Juice

    The Atari was launched late in Nov 79. calling it a computer for the 70s while technically correct, is a bit of a stretch.

  20. Fabius Maximus says:

    #19 grim
    Amstrad don’t get me started. Its funny that Alan Sugar founder of Amstrad is fronting the UK version of “The Apprentice”

  21. Comrade Nom Deplume, knee jerk savant says:

    Don’t say you weren’t warned.

  22. Comrade Nom Deplume, knee jerk savant says:

    [8] Joyce,

    Not the first time NYPD has peppered bystanders.

    Yet the left continues to insist that only police should have guns.

  23. Comrade Nom Deplume, knee jerk savant says:

    Summers withdraws from consideration. Bernie Sanders takes a victory lap.

    Looks like we will be trashing the taper.

  24. Comrade Nom Deplume, knee jerk savant says:

    It was a good, no, great, sports weekend. Only way it could have been better is with an Eagles win and a Gooners loss. Oh well, can’t win them all.

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