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Moving Madness: Tips and Trends

MOVING MADNESS TIPS & TRENDS ACROSS AMERICA 12% OF PEOPLE MOVED IN 2010 19% OF PEOPLE THINK NOw IS A GOOD TIME TO SELL 59% OF PEOPLE STILL LIVE IN THE STATE THEY WERE BORN IN 72% OF PEOPLE THINK NOW IS A GOOD TIME TO BUY 11.7 AVERAGE NUMBER OF MOVES IN A LIFETIME IN NEW YORK CITY 472,000 NUMBER OF PEOPLE WHO MOVED > TO OR FROM E NYC IN 2010 AVERAGE PRICE PER SQUARE FOOT OF RESIDENTIAL REAL ESTATE IN NYC: • $1,592 IN WEST VILLAGE • $1,424 IN MIDTOWN • $1,399 IN SOHO $59.76 AVERAGE ANNUAL RENT PER SQUARE FOOT IN NYC $1,424 AVERAGE MONTHLY RENT FOR 2-BEDROOM DWELLING IN NYC TREND: PEOPLE MOVING TO LESS EXPENSIVE AREAS IN OUT ASTORIA SUNNYSIDE MANHATTAN BROOKLYN ON LONG ISLAND AVERAGE PRICE PER SQUARE FOOT OF RESIDENTIAL REAL ESTATE ON LONG ISLAND: • $ 511 IN LONG ISLAND CITY • $259 IN GLEN COVE • $161 IN HAUPPAUGE SIMILAR HOMES COST 40% LESS ON LONG ISLAND THAN IN MANHATTAN $1,682 AVERAGE MONTHLY RENT FOR 2 -BEDROOM DWELLING ON LONG ISLAND 23,731 - HOME SALES IN 2012 • 55% - SUFFOLK COUNTY 45% - NASSAU COUNTY TREND: H OME SALES DECREASING WHILE HOME VALUE IS INCREASING 16.9% decrease in homes for sale from 2011 to 2012 1.9% increase in closing price from 2011 to 2012 FOR SALE SOLD SOUTH SHORE • 2011: $ 40 2,709 • 2012: $ 4 5 3,1 7 2 NORTH SHORE • 2011: $858,592 • 2012: $ 96 9,769 Infographic Provided B y: MENONTHE MOVE Moving & Self-Storage http://www.menonthemove.net/ Sources: http://www.mlsli.com/pages/housing-stats http://www.census.gov/newsroom/releases/archives/mobility_of_the_population/cb11-193.html http://www. http://woww.keve .movers.com/moving-trends.htm http://www.keystonerealtyusa.com/long-island-real-estate-market.asp http://www.newsli.com/2013/02/06/long-island-real-estate-market-dodges-hurricane-shortfalls/ http://www.trulia.com/real_estate/New_York-New_York/market-trends/ http://www.trulia.com/real_estate/Long_Island_City-New_York/market-trends/ http://www.propertyshark.com/Real-Estate- Reports/2012/05/04/most-expensive-nyc-neighborhoods-in-q1-2012/ http://www.prnewswire.com/news-releases/price-per-square- foot-stabilizes-for-rentals-in-new-york-city-harlem-sees-biggest-price-hike-162570476.html http://www.trulia.com/real_estate/Glen_Cove-New_York/market-trends/ http://www.trulia.com/real_estate/Hauppauge-New_York/market-trends/ http://www.urbanedgeny.com/top-10-real-estate/nyc-affordable-neighborhoods http://www.nytimes.com/2011/11/12/nyregion/in-shift-more-people-move-in-to-new-york-than-out.html http://blogs.wsj.com/metropolis/2012/03/14/rent-study-finds-nyc-cheaper-than-long-island-new-jersey/

Moving Madness: Tips and Trends

shared by BrittSE on Mar 18
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Did you know that on Long Island you can buy a home similar to those in Manhattan for about 40% of the price? This infographic from a moving company on Long Island shows you some of the state’s best...

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