Real Estate: Average Huntington Home Price Increases 3 Percent

How’s the Market?

In 2019, we experienced a shift in the local real estate market. However, low interest rates and strong buyer demand resulted in the total number of transactions being on par with previous years.

The average sales price for the Huntington area was $659,270; up 3% from the prior year. 

The top three record sales were all waterfront locations; a 6,3000 sq ft home in the Incorporated Village of Asharoken sold for $5,187,500; a 10 acre estate in Lloyd Neck that sold for $5,000,000 and a 7,500 sq ft also in Lloyd Neck that sold for $4,083,750.

The single most important factor in selling a home today continues to be proper pricing that accurately reflects the current market.  Fair market value is determined by what a buyer is willing to pay and what a seller is willing to accept.

‚ÄčIndustry analysts are predicting a healthy market for the first half of 2020 sighting favorable interest rates and low inventory levels. 
 

Note: Data referenced above is from the MLSLI.

Laurell Frein
Daniel Gale Sotheby‘s International Realty
c. 917-941-3151
Real Estate Broker, Sales Manager
187 Park Avenue
Huntington, NY 11743
631.427.6600
 
2019, Treasurer, Multiple Listing Service of Long Island
2019, Director, Long Island Board of Realtors
2019, Past President, Huntington Chapter of the Long Island Board of Realtors
 
Learn more about me and us at www.laurellfrein.danielgale.com
 
Sponsored by Daniel Gale Sotheby’s International Realty
 
 
 

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