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These Long Island Zip Codes Among Top 10 Most Expensive In US, New Report Says These Long Island Zip Codes Among Top 10 Most Expensive In US, New Report Says
These Long Island Zip Codes Among Top 10 Most Expensive In US, New Report Says Four zip codes in the Northeast rank in the Top 10 for most expensive in the United States, according to a brand-new report. The rankings, published by CNBC, were determined by median home sale prices. Three of those four zip codes are on the east end of Long Island, led by No. 2 Sagaponack (11962), which the report says has a median home sale price of $6,972,500, behind only No. 1 Atherton, California (94027), which is $9 million. The other zip codes in the Hamptons making the Top 10 were Water Mill (11976) and Bridgehampton (11932). The other Northeast zip code on th…

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by Joe Lombardi
Real Estate
Median Home Sales Prices Surge On Long Island Median Home Sales Prices Surge On Long Island
Median Home Sales Prices Surge On Long Island A new report reveals median home sales surged on Long island where a quarter of communities saw prices increase 20 percent over a four-year period. The PropertyShark study looked at Long Island's residential sale price evolution between 2014 and 2018, focusing on 108 towns and Census-designated places (CDPs) located in Suffolk and Nassau counties and calculated the median home sale price for each. The analysis considered all residential transactions between Jan.1, 2014, and Dec. 31, 2018. Here are the results: A quarter of all Long Island communities that were analyze…

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by Donna Christopher
Real Estate
Long Island Housing Market Enjoys First-Quarter Surge Long Island Housing Market Enjoys First-Quarter Surge
Long Island Housing Market Enjoys First-Quarter Surge Home sales are on the rise on Long Island so far this year, according to a Long Island Business News report. Houses pending sales in Nassau and Suffolk Counties are up by 6.5 percent in 2019's first quarter from what they were in the first quarter of 2018, said the article. The report said 7,131 homes were in sales contracts in both counties in 2019's first quarter, while 6,695 homes were in contracts to sell in 2018's first quarter. Long Island's housing performance is better than the national housing market, the report said. Lower interest on mortgages, more stable stock market and fair…

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by Donna Christopher