Real Estate Market Update for MAY 2013

Market Update Report for MAY 2013 Town Zip Code: Transactions: Increase from 5/2012: Property Value: Increase from 5/2012 Port Washington: 11050 290 15.1% $735,000 6.4% Manhasset: 11030 234 25.8% $1,179,000 2.3% Great Neck: 11023 109 21.1% $800,000 9.6% Glen Cove 11542 172 7.5% $432,500 6.1% May 1, 2013 through May 31, 2013 monthly consolidated Market Update Report. It takes some doing, but I’ve found that by putting this information into a simple printed format, that when you look at the data for your specific areas of interest, it’s pretty hard not to understand, remember and quote these facts. I’m hoping that for every client or professional who reads this, that they’ll share this information over conversation with at least 3-4 friends and family members. This data has been verified and was provided by The Multiple Listing Service of Long Island and The Long Island Board of REALTORS. As a Buyer’s Rep and licensed Real Estate Broker and Owner, I appreciate the feedback and questions from clients and colleagues, both locally and nationally and I’m pleased that you feel you can reach out to me for accurate information. I’ve become the local North Shore of Long Island’s source of information regarding my specialty niche, Buyer Representation through your inquiries on the topics of my posts. I simply provide information, being “the source to the source.” The best way to increase commerce in local real estate markets is to be the trusted professional who provides accurate, honest information, looking for nothing in return. I don’t need to tell my client’s or other real estate professionals what they already know; the bottom of the market is long gone, property values are increasing as inventory is dwindling, while mortgage rates are slowly on the rise. You may have missed the first boat, but missing the next one won’t help your Real Estate “Procurement Ego;” quite the contrary! If you’re a Buyer in the Port Washington, Sands Point, Manhasset, Glen Cove areas or the North Shore of Long island, contact me as soon as possible at wnb@wnbre.com, I’ll discuss your needs and wants in a property and I’ll get you Pre-Approved for a Mortgage while searching for your new home. Don’t just watch Property Values and Mortgage Rates increase, it’s time to act. Bill Bodouva, ABR* William N. Bodouva, Jr. ABR*, SFR, e-PRO: 516-815-6600 or wnb@wnbre.com