Cathedral ceilings, oak floors/granite & corian counters/cac/ 41 hi hats/skylights. Updated gas heating sys and hot water heater. Whole house generator. Private yard with paver patio and heated salt water pool.
$699,000 | MLS# 3430809
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3 bed, 2 bath, SUPER LOW TAXES. High ceilings, Hardwood plank floors, oversized windows, 3 fireplaces and enclosed front porch. Generator hookup, full walkup attic. 2nd floor legal accessory apartment. New GAS heating system.
$575,000 | Web# 3429714
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Finished Covered Porch with Cultured Stone. Living Room/Wood Burning Fireplace with Botticino Marble Surround. Primary Bed with En Suite. Fenced Yard with Oversized Patio. Close to SBU, Hospital, Shopping, Beaches, etc.
$599,000 | MLS#3428040
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Upgraded Cherry Kit. Cabinets and Granite Countertops. Gas fpl w/Custom Mantel. MBR Ensuite with California Closet. Deck and Patio. Huge unfinished basement with shelving and workbench. Move In Condition.
$699,000 | MLS #3426283
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Short stroll to beach from this Center Hall Ranch with in-ground pool! Kitchen features white cabinetry/granite counters/cooktop/double ovens/island/pantry. There is an enclosed porch with ceramic tile floor behind the living room. Full unfinished basement boasts 9′ ceiling. OSE to the 2-car garage
$899,000 | MLS# 3428697
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Almost 3 Acres Of Property with Stunning Views Of The LI Sound, 30 FT. Dock & Kayak Ramp. Spectacular Kitchen W/ Soapstone Counters, Wolf/Viking Appliances and Spacious Island. Master BR Suite On Main Level. LL Has Wine Cellar, Wet Bar, Gym, Family Rm and Theater.
$2,899,000 | MLS# 3351291
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Custom Contemporary home built for entertaining. IGP, CAC, Master with new Master bath. Walk-in wine cellar. Steps from private Belle Terre beach. Wonderful schools, library, PJCC with tennis and golf are just a fraction of the picture that surrounds this home.
$1,400,000 | MLS #3412621
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Property runs from Spring Hollow RD to Frog Hollow RD. 1.5 baths, Brick Fire Place, Full basement, 1 car garage. House is sold as-is. Beach rights, Close to Short Beach, Long Beach, Saint James and the LIRR.
$659,000 | MLS# 3422244
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Master Chefs Kitchen w/Carrera Marble Counters/Centre Isle-Meile appliances -Walk out Basement–Home office (or 5th bedroom) with separate entrance. PJ Village amenities: 2 private beaches, Golf & Country Club, tennis courts, Village Parking.
$739,000 | MLS #3425769
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By Michael Ardolino
It’s a great time to sell/buy.
While there are more options, your home is still in high demand. Graph 1 in our advertisement on page B9 shows inventory still is not keeping up with demand, maintaining a seller’s market. The National Association of Realtors’ (NAR) data shows sellers are still receiving many offers.
Mortgage rates are still historically low, and rates have increased approximately 3% in the last nine months. Buyers are becoming less likely to get into bidding wars and are more cautious. The rush of over-bidding and waiving inspections or appraisals is decreasing.
Let’s go
Put your home on the market while inventory is low, and buyers compete for the best offer. Buyers are understanding the adjusting market and know they can still secure a low mortgage rate.
Since April we’ve seen an incline of month’s supply of homes for sale. In August, the month’s supply went from 2.9 to 2.0 months, dipping further back into a seller’s market. We’re still experiencing the effects of low inventory and high demand.
CoreLogic states “Annual home price growth slowed for the third consecutive month in July and remained historically elevated at 15.8%.” Home price appreciation is slowing— a deceleration not depreciation.
CoreLogic expects to see a more balanced housing market with year-over-year appreciation slowing to 3.8% by July 2023. The home price appreciation we’ve experienced are unsustainable and are expected to return to normal in the next year.
Take advantage of the timing and get a great price for your home now.
Your next move
A recent article from CNET explains: “Homeownership is still considered one of the most reliable ways to build wealth… You’re building equity in your home…”. Home values have appreciated so much over the last few years, you can now cash in on all the built-up equity. Once your home is sold, you’ll have access to funds to use for a sizable down payment or an all-cash purchase. Sellers are becoming more flexible and willing to negotiate, especially if your offer has a higher down payment or no mortgage contingency. You’ll know your budget and can secure the home and location you’re moving to, especially with more homes on the market.
Takeaway
Timing is everything. It’s a great time to sell/buy, and as always in real estate, consult with a professional and make the best decision for you and your family.
So … let’s talk.
Michael Ardolino is the Founder/Owner-Broker of Realty Connect USA.
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