Housing Market Holds Steady in Third Quarter According to Daniel Gale Sotheby's

Posted by Kathleen Caputi — October 4, 2011

1317745804Cold Spring Harbor, NY (October 3, 2011) After a normally-paced summer market, buyers and sellers are bringing increased activity to the fall market, as indicated by third quarter market reports issued by Daniel Gale Sotheby’s International Realty (DGSIR). Each quarter DGSIR, one of the nation’s leading real estate companies, generates 20 individual real estate market reports covering communities from Manhasset and Garden City to Southold and Shelter Island. Each market report looks at community-specific statistics for closed residential real estate sales including number of transactions, days on the market, as well as median and average sale price, and compares that data against the same period of time of the previous year. This latest report covers activity for the first nine months of 2011 (January through September) leading into the fall, which is normally the second busiest time for real estate transactions after the spring market.

“Real estate is local, and Long Island’s North Shore is particularly representative of the range of values in a rather small geographical area. That we can provide this specificity of data relevant to individual communities and neighborhoods makes our market reports particularly meaningful to the local homeowner,” said Patricia Petersen, President and CEO of Daniel Gale Sotheby’s. “Long Island cannot be compared to national statistics, and different communities within even one of the North Shore communities vary greatly. You have to look at activity in your own backyard.”

About Daniel Gale Sotheby’s International Realty

Founded in 1922, Daniel Gale Sotheby’s International Realty consistently leads the nation in achieving one of the highest average sales prices in the country. Voted Best Residential Real Estate Company in the Long Island Business News and Long Island Press annual readership polls, Daniel Gale Sotheby’s is a $1.5 billion plus organization with close to 600 sales associates in 21 sales offices spanning Long Island. Services include a Relocation Division, an award-winning Marketing & Technology Department, Commercial and Rental Divisions, Ambassador Abstract title company, and a Wells Fargo Home Mortgage affiliation. The Sotheby’s International Realty® affiliate for Long Island’s North Shore since 1976, DGSIR has gained national and international recognition, including top honors worldwide.

Daniel Gale Sotheby's International Realty is on the Regents Board of "Who's Who in Luxury Real Estate," a global network of leading real estate companies and active in both Real Trends and The Realty Alliance (some of the real estate industry's most influential companies with participation "by invitation only"). More information may be obtained at www.danielgale.com.

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