DGSIR Sea Cliff | February Newsletter 2021 by DGSIR Sea Cliff

February 2021

Issue 13

DGSIR SEA CLIFF Monthly Newsletter

All data per MLSLI residential.

January Market Statistics Oyster Bay 13.2%

1,500,000

Oyster Bay 16.7%

North Shore 16.5%

1,000,000 North Shore 33.3%

Glen Cove 20.9%

Roslyn 29.7%

500,000

Roslyn 15.4%

Ba y O ys te r

R os ly n

Lo cu st Va lle y

C ov e G le n

Glen Cove 15.4%

N or th

Locust Valley 19.2%

Locust Valley 19.8%

Sh or e

NEW LISTINGS

CLOSED LISTINGS

AVERAGE PRICE

New inventory took a decline in January for most districts in the area. However, Roslyn had the most amount of new homes on the market with 27 houses listed.

The North Shore market was a hot spot for closings in January. 26 homes were sold within Sea Cliff, Glen Head, Glenwood Landing & Old Brookville, which was double the amount of closings in the other districts.

Average prices remained the same throughout January in all of the local areas. Locust Valley had the priciest sales with an average of almost $1.5 million. North Shore & Glen Cove's averages still fell under the $1 million mark.

FEATURED LISTING 208 Littleworth Lane, Sea Cliff This Spacious and Gracious, Well Maintained Home Has a Master Suite + 4 Bedrooms, Formal Living and Dining Rooms, Multiple Additional Rooms, Plus Porches, Decks and Patios So Everyone can spread out and have their own workspace! WATER VIEWS From Every Level! Classic Victorian With Oversized Windows, Tons Of Architectural Details Throughout. Additionally, there are 2 Income Producing Apartments. A One Bedroom Duplex + A 2 Bedroom. Potential Rental Income $123,600. Per Year.

LISTED BY DAMIAN ROSS & KATHY WALLACH

WILL LOW MORTGAGE RATES CONTINUE THROUGH 2021? by simplifythemarket.com The question that's on so many people's minds: will mortgages remain low through the year? According to Freddie Mac, “The average 30-year fixed-rate mortgage hit a record low over a dozen times in 2020 and the low interest rate environment is projected to continue through this year. We expect interest rates to average below 3% through the end of 2021. While this is a modest rise from 2020 averages, the recent vote by the Federal Reserve to keep interest rates anchored near zero should keep rates low.”