Q: Which areas of Long Island do you represent? What’s selling in these neighborhoods?
A: The North Shore of Long Island is my specialty. My particular focus is Locust Valley, Lattingtown, Matinecock, Mill Neck, Oyster Bay, Oyster Bay Cove, Cove Neck, the Brookvilles, Bayville, Cold Spring Harbor, Laurel Hollow, Centre Island, and Sands Point. In these areas I have seen a general move toward manageable sized homes and properties. With the surge of people moving here from New York City, I have seen anything under $1,000,000 selling with multiple offers. If the house is in good condition, then properties in the $1m – $2m range transact as well. The high end market, on the other hand, is behaving a little differently this year. Two years ago that market was at a standstill so the current buyers are savvy and want a home in move-in condition. Now with COVID, buyers are also looking for space with home offices in a tranquil environment. Waterfront properties, for example, are in demand. Currently there is a lot of inventory, and because these buyers are more particular, the transactions in this range have a longer life cycle.
Q: How will fall differ this year from past seasons?
A: Fall has become the new spring. Everything that usually happens in March and April was put on hold this year. Now that things have opened up a bit, we have seen “spring like” behavior from buyers and sellers. Homes are coming on the market, and now with low interest rates and an adjustment of the prices, buyers continue to move here from the City.
Q: Why are people choosing Long Island as their “work from home” destination?
A: Long Island has always been a destination for buyers. The North Shore is simply beautiful. It offers beaches, small villages, fine restaurants, great shopping, award winning school districts and an array of private schools, golf, tennis, and private country clubs. Additionally, now parents are homeschooling and people are working from home. Buyers are looking for even more in a home and finding it here. For the price of an apartment in New York City, you can get more square footage, amenities, green space, community, and sophistication.