As of May 13, 2009 there are 18 homes that closed Jan to present and 15 additional homes under contract. There may be many more that have accepted offers and have not posted as under contract yet. Considering there are only 149 homes on the market in Manhasset( not including Manhasset Hills), this is a much higher percentage of closings vs available inventory that many other areas across Long Island. I received my info from the market share report section of MLS available to realtors. If you would like more specific information and are looking for Buyer Broker representation ( in many cases, at no cost to you) please email me.

Even though there may not be many sales, the demand is very high. I recently lost a bid that was only 40,000 under asking in Manhasset. The asking price of the home was 1.5 million. I find it hard to believe there are only 10 sales. Did you consider under contract sales that have not closed yet? Many of the consumer sites do not contain accurate information that is current. Perhaps there isn't a large pool of buyers, but the days on the market are shocking fewer than one would think. I will research your findings. If you wish to email me, you may do so at info@lihomechoices.com

How do the 10 sales compare to sales in the same quarter of last year? If they are roughly the same, the market is holding its value. You did not say how many houses were currently on the market. What percentage of the total does the 10 homes represent? What is the average days on market for the area? You need to do a bit more research to determine true value. In general, every area of NY has experienced a decline, some more than others.