Featured

Have Buyers Given Up on Owning in Smithtown?

by Jon-David Lenard July 14, 2011 Buyers

The numbers for Smithtown over the last few weeks have not brought good news for many home sellers prompting questions about whether people increasingly are turning away from the dream of homeownership. Inventory is rising while median price continues to slide in each quartile (the full range of prices for all residential homes in Smithtown …

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Can There Be Such a Thing As a Spring Effect?

by Jon-David Lenard July 6, 2011 Featured

A Family Moves Up

I was recently contemplating a situation where a family who had outgrown their home, sold this charming little house and subsequently purchased in a neighborhood of much larger homes. They were trading up from a small three bedroom with a single bath to a gracious four bedroom with one and one half …

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Home Price Hedging Causes Pain for Smithtown Sellers

by Jon-David Lenard June 9, 2011 Featured

Price hedging is when a seller, given enough data to make an informed decision, places their home on the market virtually in equilibrium with the existing competition. They know enough not to overprice their house outright but also choose not to price it with enough value to sell quickly. Current market conditions seem to punish …

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Smithtown Home Prices Drop in Q2 After Gains in Q1

by Jon-David Lenard May 23, 2011 Featured

According to the graph, prices had been steadily increasing since November of last year with continued growth through the first quarter of 2011. Then, as inventory began to climb, the corresponding median price sharply reversed itself.

Analysis:

There is a very well defined trajectory of price vs. inventory. This is a very basic view of supply & demand. In …

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Welcome

by October 7, 2010 Buyers

We are a family team that got its start in 1986 and has a combinded experience of 70 years between 4 primary members. The Lenard Team has the capability to provide expertise in virtually all circumstances pertaining to real estate sales, whether it be on the buyer or seller side.
Our success continues year after year with the understanding that what matters most is helping clients romove the road blocks to achieving their goals.

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