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In NYC suburbs, sales are up, but high-end houses still struggle
While activity is on rise on lower-end, pricey houses in Long Island, Westchester, Bergen County and Connecticut are sitting on market
From the August issue: Last year, Long Island real estate broker Maggie Keats worked with a young family looking for houses in Sands Point priced up to $2.5 million. But the family didn’t buy anything, and when they started looking again this spring, they’d changed their price point.
“They came to me and said, ‘We’ve reevaluated our budget. If we’d bought last year we could have spent that much, but we just don’t feel comfortable doing that now,’” said Keats, who works in Prudential Douglas Elliman’s Manhasset office. [more]