Home > Blogs > New York > Nassau County > Manhasset > The Market Report Home Sales Activity for Manhasset, NY 11030 May 12, â€“ May 24, 2010*

Manhasset Port Washington NY

Everything you need to know about buying and selling by Annie

By Annie Holdreith | Agent in Manhasset, NY

The Market Report Home Sales Activity for Manhasset, NY 11030 May 12, – May 24, 2010*

These last two weeks have been incredibly busy with buyer activity…in part fueled by the surprise drop in home mortgage rates.  While those of us in the business have been bracing ourselves for rates to start rising triggered by the end of the Fed Reserves mortgage-securities program, it seems the uncertainty in Europe has caused international money to flow in and drive mortgage rates down to lowest levels most of us have ever seen.

 So, that means buyers can spend more on a house and less on borrowing the money…. a general rule of thumb is that every one percentage point decline in mortgage rates effectively lowers home prices for buyers roughly 10%.  For buyers that can mean the difference in location, an extra bath, bedroom or bigger property!  For sellers it can help stabilize prices and allow sellers to sell properly priced homes without reductions. 

 (If you are not interested in selling or buying right now, then it might be a great time to refinance- email me, I can help with that!)

If you would like to receive these reports every two weeks, send me an email at:  annieholdreith@danielgale.com

New Listings                                                                                               List Price
58 LindenStreet                                                                                            $549,000
33 4th Street                                                                                                $659,000    
7 Wedgewood Court                                                                                    $869,000
39 Rugby Road                                                                                             $999,000    
119 Ridge Cresent                                                                                       $1,029,000    
189 Circle Drive                                                                                           $1,100,000     280 Park Avenue                                                                                         $1,125,000    
188 Kensett Road                                                                                        $1,199,000    
457 N Abbey Road                                                                                       $1,199,000     776 Hunt Lane                                                                                             $1,336,000   
 24 Stuart Place                                                                                            $1,399.000
385 Ryder Road                                                                                            $1,599,000   
17 Parkwoods Road                                                                                     $1,899,000 
41 Claridge Circle                                                                                         $1,996,000
21 Brookside Drive                                                                                       $2,799,000 
2 Gristmill Lane                                                                                            $2,895,000 

 Under Contract                                                                                         List Price
                                                                              57 Beechwood Avenue                                                                                     $749,000       32 Rugby Road                                                                                                 $825,000
978 Plandome Road                                                                                          $998,000    
71 Kensett Road                                                                                              $1,049,000
21 Waldo Lane                                                                                                 $1,100,000 
52 Sully Drive                                                                                                   $1,399,000    
309 Stonytown Road                                                                                        $1,399,000    
85 Abbey Road                                                                                                 $1,495,000 
15 Gracewood Drive                                                                                         $2,450,000 
24 The Ridge                                                                                                $2,499,999                                                                                                                                                                         

Closed                                                 List Price                                      Sold Price

 89 Trumbull Road                                     $1,100,000                                    $999,000 



*Residential Property information as per the Multiple Listing Service of Long Island




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