Home > Blogs > New York > Nassau County > Woodmere > Market Report For Long Island’s Five Towns for 2011

Donna Galinsky's Blog

By Donna G | Agent in Woodmere, NY

Market Report For Long Island’s Five Towns for 2011

The Five Towns on the South Shore of Long Island NY has been a highly sought after community for some time now. The Five Towns consist of Atlantic Beach, Cedarhurst, Hewlett (including Hewlett Bay Park, Hewlett Harbor and Hewlett Neck), Inwood, Lawrence and Woodmere (including Woodsburgh).

Five Towns Real Estate - Grant Park Hewlett NYIn addition to being convenient to Brooklyn, New York City and JFK Airport, there are many parks, golf courses and 2 School Districts. The Five Towns encompasses Lawrence School District 15 and Hewlett Woodmere School District 14.  

Presently there are 369 Homes for Sale in the Five Towns with prices ranging from $95,000 for a small 2 bedroom ranch in Inwood LI to a to $4.4 million estate in Hewlett Neck. The mean listed price is around $ 600,000, but there is truly a house in every price range.

The Five Towns is home to 2 great parks. North Woodmere Park has ball fields, tennis courts, swimming pools, pond, playground and a 9 hole golf course and driving range.

In Hewlett there is Grant Park with age appropriate play areas, ball fields, basketball courts, a pond and in the winter outdoor ice skating and great hills for sledding.

Hewlett Woodmere School District 14 includes all of Hewlett and parts of North Woodmere and Woodmere. It includesFive Towns Real Estate - Hewlett Elementary School Franklin Early Childhood Center, Hewlett and Ogden Elementary schools, Woodmere Middle School and Hewlett High School.

Lawrence School District 15 includes all of Lawrence, Inwood and Cedarhurst as well as parts of Woodmere. It has #4 School for Early Childhood, #5 and #2 Elementary Schools, Lawrence Middle School and Lawrence High School.

In 2011 302 homes sold in the Five Towns for an average Sales Price of $ $591,000. The average days on market for closed homes was 125 days.

The good news for sellers is that these homes sold for 92.3% of the asking price, and the good news for the home buyers was these homes were priced slightly lower this year than last year’s homes..

January has shown an increase in activity and we expect it to keep up since more buyers are concerned that interest rates may be rising soon.  

If you are interested in buying or selling a home in the Five Towns area please visit Five Towns Real Estate Guide or contact Donna Galinsky or Lenny Bobrow of Pugatch Realty Corp.

Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer