DGSIR Sea Cliff Newsletter | August 2020 by DGSIR Sea Cliff

August 2020

Issue 07

DGSIR SEA CLIFF Monthly Newsletter

July Market Statistics Oyster Bay 14.5%

1,250,000

Oyster Bay 13.8%

North Shore 17.7%

North Shore 15.4%

1,000,000

750,000

Glen Cove 16.9%

Roslyn 21%

Glen Cove 19.4%

Roslyn 29.2%

500,000

250,000

Ba y O ys te r

R os ly n

Lo cu st Va lle y

C ov e G le n

Locust Valley 24.6%

Locust Valley 27.4%

N or th

Sh or e

NEW LISTINGS

CLOSED LISTINGS

AVERAGE PRICE

Locust Valley had the most amount of new listings in July with a whopping 51 homes placed on the market. The amount of overall inventory in the area has remained steady from June to July.

Sales in the area are still slightly down in numbers compared to 2019, however, an upswing is predicted for the fall due to a spike in homes under contract in July & August. Read more about this below!

Sale prices in the area are still averaging under $1 million. However, the pandemic is beginning to boost competition, driving prices upward and promoting a sellers market from August into the fall.

FEATURED LISTING 1 Mansion Drive, Glen Cove, NY Fabulous & Beautifully Updated Split Level w/No Expense Spared. Waterviews! Sits High Up on a Beautiful 3/4 Acre Lot. Rm for a Pool, Lots of Natural Sunlight w/ an Open & Airy Feeling. Mid Island Location Across From Dosoris Pond. Updated in 2017. Vaulted LR Ceiling, New Marble EIK, New Baths, New Windows, Updated Electric & Plumbing, 2 Split A/C/Heat Units, All LED Liting, & Many More Updates. Enjoy the Morgan Island Lifestyle. 2 Private Island Beaches & a Boat Launch.

LISTED BY KATHY WALLACH

THE SEA CLIFF MARKET IS HOT! Daniel Gale Sotheby's takes the lead in Sea Cliff Listings! AsÂ summer starts to cool down, the real estate market continues to heat up! We have seen a major increase in Sea Cliff listings over the past month. Daniel Gale Sotheby's is currently representing about 45% of homes on the market, making us the current broker of choice in the area. Our available inventory is pictured below. We are thrilled to be working with many of our clients & friends in town as they begin their next move. If you are looking to buy or sell in the Sea Cliff & North Shore area, we are your local experts! Feel free to give us a call and we can help you #RealizeYourVision.

THE GREAT MIGRATION TO LONG ISLAND AS HOMES UNDER CONTRACT SPIKE based on article byÂ Newsday In an article by Newsday, pending home sales in Nassau & Suffolk county are spiking according to OneKey MLS reports. The number of sales in Nassau County spiked 60.6% in the last month compared to last year. Pent-up demand due to Covid-19 could be the reason for this rapid spike in homes Under Contract. Many home buyers are reported to be from Manhattan, who are flocking to Long Island to escape the city in the wake of the pandemic.