Inventory is tight all over Nassau County NY.  The absorption rate as of July 1st was 4.4 months’ worth of inventory. Last year’s number was 5.1. In Syosset the absorption rate on July 1st was 3.6 months. Last year it was 5 months.  Last year the inventory peaked on September 1st at 144 units. As of July 1st we were at 131.  The big question for buyers and sellers in Nassau County and in Syosset is how much inventory is left to come and will sales continue at high levels with less inventory to choose from.  My best bet is that sellers will remain in the driver’s seat for the rest of the year.  With less competition and record breaking interest rates the pressure will be on the buyers. There is good news for buyers though. The recent interest rate drop due to Brexit will give them more b... 07/07/2016

 Interested in learning more about Feng Shui? Join Feng Shui Experts Karen Ferraro and Laura Cerrano for this full day seminar. Whether you have taken an intro class, workshop or read numerous books, Feng Shui Today is for you! Students will learn how to incorporate Feng Shui into their every day lives and create spaces that will encourage balance, harmony and prosperity!Date: June 11th, 2016Time: 10am - 5pmLocation: Metropolitan Institute of Design, 200 Oak Drive, Syosset, NY 11791Call: 516 845-4033 or email Lisa@met-design.com to register 06/07/2016

 Interested in learning more about Feng Shui? Join Feng Shui Experts Karen Ferraro and Laura Cerrano for this full day seminar. Whether you have taken an intro class, workshop or read numerous books, Feng Shui Today is for you! Students will learn how to incorporate Feng Shui into their every day lives and create spaces that will encourage balance, harmony and prosperity!Date: June 11th, 2016Time: 10am - 5pmLocation: Metropolitan Institute of Design, 200 Oak Drive, Syosset, NY 11791Call: 516 845-4033 or email Lisa@met-design.com to register 05/23/2016

 Interested in learning more about Feng Shui? Join Feng Shui Experts Karen Ferraro and Laura Cerranofor this full day seminar. Whether you have taken an intro class, workshop or read numerous books, Feng Shui Today is for you! Students will learn how to incorporate Feng Shui into their every day lives and create spaces that will encourage balance, harmony and prosperity!Date: June 11th, 2016Time: 10am - 5pmLocation: Metropolitan Institute of Design, 200 Oak Drive, Syosset, NY 11791Call: 516 845-4033 or email Lisa@met-design.com to register 05/19/2016

The first quarter presented a very favorable picture for this coming selling season in Syosset. Under contracts are up 29% over last year while inventory levels are slightly above last April 1st. The homes that were listed since January and went under contract already are spending only 24 days on the market. 43 % of the homes that were listed in January have already sold and 50% of those listed in February. As of April 1st the absorption rate in Syosset is a hot 3.9 months of inventory as opposed to last year’s rate of 4.6 month of inventory. Nassau County itself has improved with 4.7 months of inventory on the market April 1st versus 6.5 months last April 1st. The sellers are in the driver’s seat for now. It is a great time to list your home in Syosset. 04/07/2016

Does the early bird catch the worm or is it better to list in January rather than June? A study of last year’s monthly listing and selling figures shows the first quarter of the year is the best time to list your home in today’s market in Syosset. The highest percentage of homes sold was listed last February (71%) while the lowest percentage was in November (29%). Looking at the quarterly sales figures, the first quarter showed 66% of homes listed were sold and it goes downhill from there. The second quarter comes in at 54% of homes sold, followed by the third quarter with 45% of the homes sold and lagging behind is the fourth quarter with only 35% of the homes listed sold as of Feb 1st 2016.If you want to sell quickly in Syosset list in the second quarter. The days on the market averag... 02/15/2016

  Date:           Feburary 6th - 7th, 2016 (two day workshop)Location:   Metropolitan Institute of Design                    200 Oak Drive, Syosset, NY Time:        10pm-3:00pm East Coast Time   Date:           February 24th, 2016Location:   Oyster Bay-East Norwich Library                    89 E Main St, Oyster Bay, NY 11771 Time:        7pm-8:30pm East Coast Time 02/06/2016

   Date:           February 6th - 7th, 2016 (two-day workshop)Location:   Metropolitan Institute of Design                    200 Oak Drive, Syosset, NY Time:        10pm-3:00pm East Coast Time   Date:           February 24th, 2016Location:   Oyster Bay-East Norwich Library                    89 E Main St, Oyster Bay, NY 11771 Time:        7pm-8:30pm East Coast Time 01/27/2016

What an amazing year of teaching at the Metropolitan Institute of Design in Syosset, NY. I am honored to have taught and mentored such amazing spirits who signed up for the nine month Universal Feng Shui certification Studies course. Sending blessing of success, prosperity, fun and continued growth to our 2015 graduating class! 01/10/2016

Now that we have closed the books on the real estate market in Syosset for 2015, here is the story.335 homes were listed on the market in Syosset in 2015. 145 of those closed and 38 are currently under contract. 55% of the houses put on the market were sold. 44 properties were withdrawn from the market and 24 expired without selling. 84 homes are still on the market.The average sale price for homes in Syosset in 2015 was $679,000 (95.5% of original asking price). The average asking price at sale $703,000. The average days on the market for those who sold was 58 days (that’s a pretty quick market) and the average annual real estate taxes of houses who sold was $16,682.The lowest price house sold in 2015 for $385,000 while the highest price house sold in 2015 was $1,925,000.The most popul... 01/04/2016

Moving close to the end of the year, hopes are dimming for many sellers in the Syosset real estate market. Since January 1 2015, 374 homes were listed in Syosset.  Of those 132 closed and an additional 39 are under contract. That means only 45% of the listings on the market sold this year.  There were over 100 homes that were withdrawn or expired in the Syosset real estate market this year and another 25 will expire by the end of the year. In a year where the real estate market improved throughout the New York metropolitan area, this poses a question. Why is Syosset different?  One of the statistics that stands out in this market is the wide spread between median asking price of the current inventory and median selling price of the sold. The median price of the available inventory is $7... 12/09/2015

Join Feng Shui Expert, Laura Cerrano for an introduction to Feng Shui and Design Workshop. Students will learn the basics of Feng Shui, how to incorporate the Five Natural Elements into your conceptual design process and how the colors we chose can have a profound impact on our environments. Begin creating spaces that promote balance, harmony, productivity and prosperity!Reserve your seats by emailing: lisa@met-design.comExchange: $30.00 Metropolitan Institute of Design200 Oak Drive, Syosset, NY 11791  11/17/2015

 Join Feng Shui Expert, Laura Cerrano for an introduction to Feng Shui and Design Workshop. Students will learn the basics of Feng Shui, how to incorporate the Five Natural Elements into your conceptual design process and how the colors we chose can have a profound impact on our environments. Begin creating spaces that promote balance, harmony, productivity and prosperity!Reserve your seats by emailing: lisa@met-design.comExchange: $30.00 Metropolitan Institute of Design200 Oak Drive, Syosset, NY 11791  11/09/2015

The third quarter of 2015 was not kind to the real estate market in Syosset. Inventory climbed while sales declined and the absorption rate jumped. While sales in Nassau County have risen and inventory levels dropped that's not the story for our local market.  At the end of September there were 139 homes on the market in Syosset.  That's the largest inventory at this time of the year since the bad days of 2011.  Sales have not kept pace.  73 homes sold in the third quarter of 2014.  Only 56 sold in 2015.  If the backlog of inventory is to be cleared something has to give and that's asking prices.  The median list price of $759,000 towers above the median sales price of $625,000.  The 8 months’ worth of inventory on the market now is not likely to decline except by expiring listings.  Ma... 10/20/2015

While the real estate markets in most of the country and our metropolitan area are improving, the real estate market has hit a bump in the road to recovery.  Nassau County stats are pretty healthy with less inventory than last year at this time (7403 homes available last year vs 7116 this year) and sales more robust (1036 homes sold last year 1203 sold this year).  The absorption rate for the county is 5.9 months worth of inventory this year it was 7.1 months last year. The Syosset market unfortunately is marching to a different drummer. There are 144 homes available on the market this year when last year's total was 124.  Actually 144 is the highest inventory since June 2012. Sales for the second month in a row are an anemic 18 homes and this puts the absorption rate of 8 months of inv... 09/17/2015

CONGRATULATIONS MISSY & ALEX!! It was my pleasure to assist you as my First-Time Home Buyer Clients, through the New Home Purchase Process. As your Accredited Buyer Broker, ABR and Transaction Coordinator, I was able to negotiate your Lowest Purchase Price with Terms that suited your specific needs and monitor your transaction from our initial meeting to your closing! Enjoy your New Home and feel free to Contact me at any time for all of Your, Your Friend's & Family's Real Estate Needs!  "I'm Local, I'm Global!" Leading RE Real Estate Relocation Specialist, LRSContact Accredited Buyer Broker, ABR William Bodouva, Jr. Directly to Schedule an appointment Today! Cell or Text: 516-815-6600   E-Mail: WBodouva@laffey.com 08/31/2015

The number of listings taken in Syosset New York is 25% higher than last year at this time. With 179 new listings this year versus 133 last year.  The total number of houses now on the market is 126.  Last year the market peaked at 134 listings in July.  Will the flow of inventory continue or will we peak early this year?  It feels like we only started the selling season and hopefully the flow will continue.  If the market can absorb the inventory that would be very good news for Syosset homeowners. 05/15/2015

Mother Nature gave us one of the cruelest March in recent history but she couldn't stop the spring real estate market from starting up with a surprisingly strong month. While the absorption rate in December and January was in the double digits, February sales had showed some improvement. March came in like a lamb and finished like a lion.  On April 1st there were 110 homes to pick from.  That was the best selection available to buyers since last September and the buyers responded.  24 homes were sold in March and that set the absorption rate at a lean 5 month worth of inventory on the market in April.  Looks like the home sellers in Syosset will be in charge of the market during this selling season.  Buyers will need to be flexible and aggressive. 04/06/2015

February brought us the vilest winter weather we’ve seen in a long time.  Constant snow and very low temperatures were the norm for the month.  That didn’t stop the real estate market in Syosset.  Properties were listed and contracts were signed despite the weather. On March 1st there were 93 homes on the market in Syosset more than last year’s meager 69 homes and even 2013’s 81 homes for sale.  The new listings gave the buyers something to buy and buy they did. 14 homes were put in contract in February. Last year there were only 6.  The absorption rate declined to a more even balanced 7 months’ worth of inventory after January’s 12 months’ worth or inventory and December’s 13 months’ worth.  Talking to agents in the area there is a sense that this is only a beginning of a vibrant sprin... 03/07/2015

  Full House at the Metropolitan Institute of Interior Design Lecture! A night To Remember Last night on February 25th, 2015 at the Metropolitan Institute of Interior Design in Syosset NY made history in the Cerrano/Provenzale family. The Feng Shui legacy that my mother Carole Provenzale began in 1997 with our family came to full circle. It has been 18 years in the making from the time she graduated with the first accredited class.  Fast forwarding to today in 2015, I was given the opportunity of stepping into the same classroom that she once sat in to learn and teach, and now I too was instructing students.   It was truly an honor to have been invited back to her school and teach a session with aspiring students. We had a full house that evening and everyone left (including me) with ne... 02/25/2015