Port Washington & Sands Point, NY Housing Market Report

Local Market: The Sands Point and Port Washington area housing market has been steadily increasing since May, 2012 from prior years, per the Multiple Listing Service of Long Island. In February, 2013 for the first time in years, the number of real estate transactions by percent has entered the "double digits," (11.2%), as it also did in March 2013, (14.6%), and continued to rise even higher through April 2013; (April numbers will be in next week’s report). Most of my business is in representing Buyer Clients, so as a National Association of Realtors, Accredited Buyer's Representative, ABR, it was very rewarding having successfully guided many of my clients into contracts and closings for their new homes. The most important fact that I've continually relayed to my clients has been, that at this moment in time, (since March 2013), we have entered into a Seller's Market, where the demand for housing is high, inventory is becoming lower and interest rates are still at all-time lows. If you haven't bought a home yet, you haven't missed the boat, but need to decide when you are able to purchase a home and when you'd like to occupy it; before the housing market's values increase with the lowering inventory. If you haven't started your search, attained pre-approval for a mortgage and you'd like to buy a home soon, it's important to contact and retain a NAR, ABR in your area ASAP. For the Port Washington and Sands Point area, there's only one: William N. Bodouva, Jr. ABR*, SFR, e-PRO. 516-815-6600 or wnb@wnbre.com