Long Island, New York Real Estate | Market Spotlight

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mansions for sale long island

$11,400,000 USD | Lloyd Harbor, New York | Daniel Gale Sotheby’s International Realty

“On Long Island, the big question continues to be, ‘how’s your market?’ The answer? Very promising,” said Patricia J. Petersen President and chief executive officer at Daniel Gale Sotheby’s International Realty.

“Most economists define a housing recovery as one with continuous price appreciation,” continues Petersen. “Our appreciation is modest in some areas, but certainly not all. Yet the first ten months of 2013 for closed residential transactions in Nassau and Suffolk Counties improved dramatically from 2012 — over 20% (sales volume) on average based on MLS data. Since ‘average’ has never been my goal for our 21 sales offices, we’re up over 35% (sales volume) and have almost 40% more (sales volume) under contract than 2012, when I compare our performance to MLS. Results do count. And I’m raising our ‘bar’ for 2014 too.”

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