Home Buying in Manhasset>Question Details

Grace, Home Buyer in Manhasset, NY

Does anyone know which was the appreciation rate for houses in Manhasset for the past six months or year? thank you

Asked by Grace, Manhasset, NY Fri May 14, 2010

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Grace,

Well let me start by saying....there is no Appreciation. The Long Island market has declined.

You need a comprehensive overview of prices throughout the entire area.

Looking at your overall zone and breaking things down from there will help create a picture of overall market conditions.
0 votes Thank Flag Link Fri May 14, 2010
Grace,

Well let me start by saying....there is no Appreciation. The Long Island market has declined.

You need a comprehensive overview of prices throughout the entire area.

Looking at your overall zone and breaking things down from there will help create a picture of overall market conditions.
0 votes Thank Flag Link Fri May 14, 2010
2009 Average price is $1,197,530.00 in Manhasset. 1st Quarter of 2010 Average price is $1,351,222.00 in Manhasset.

Is this figure helping you to know the market here?

Tracy S.Tsai
ttsai@laffey.com
0 votes Thank Flag Link Fri May 14, 2010
Appreciation rates will varies by location, property size, upgrades, etc.--if you have a specific property in mind, you need to be aware of comps- recently sold similar properties in the immediate area, after reviewing the data a determination as to a fair offer can be made--ask your agent for comps.
0 votes Thank Flag Link Fri May 14, 2010
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