East End / North Fork Home Sales / Lis Pendens Update
May 28th, 2009 category: Real Estate News
Click on the thumbnail to left for a larger view. Well…just reporting facts as found on The Long Island Real Estate Report for the East End / North Fork / Hamptons.
The second quarter of 2009 thus far is disheartening (sales vs. lis pendens) but is part of this market, and remains need-to-know for sellers of homes on the east end of Long island. Working with “what is” is imperative for those needing to sell now.
As the real estate market unfolds, we’ll make every effort to provide what “is”.
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2 Responses to “East End / North Fork Home Sales / Lis Pendens Update”
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June 14th, 2009 at 5:07 pm
It should be understood that the ratio of sales figures and Lis Pendens figures for the current quarter will look at its worst at the beginning of the quarter, and eventually become closer to reality as each week goes by. It will become cosest to final by the fifth or sixth week after the quarter ends.
This is due to the Lis Pendens filings being recorded immediately and deed transfers being recorded 3 or more weeks after the actual closing date.
Pat Ammirati, President
The Long Island Real Estate Report
June 19th, 2009 at 5:27 pm
Thank you for the clarification, Pat. It will be interesting to see the figures coming in- certainly an awareness of pre foreclosure activity is important right now.
I see the correlation, and it makes perfect sense.
It would be really great were there a way to speed up the closed info, as it would provide a more up-to-the-minute comparisons.
Thank you for creating such a hugely informative company in hugely unusual times!