Glen Cove, NY

Real estate in Glen Cove is a hot commodity. The median home price in Glen Cove was $1,099,000 as of September 2018. This is a significant increase from the median home price of $895,000 reported for the same time period in 2017. The average list price for homes sold in Glen Cove during the third quarter of 2018 was $1,288,500.

The reason for this uptick in prices can be attributed to a number of factors. First and foremost is the strong economy and low unemployment rates nationwide. Additionally, Glen Cove has been designated as a “smart growth” community by the New York State Department of Housing Preservation and Development (HPD). This designation means that Glen Cove has implemented policies and programs that promote denser development while preserving open space and minimizing traffic congestion. These policies have led to increased demand for housing within the city limits, which has driven up prices accordingly.

Despite these high prices, there are still plenty of opportunities available to buyers looking to purchase or lease property in Glen Cove. For example, there are numerous neighborhoods within the city limits that offer a variety of housing options at different price points. Additionally, many homes within Glencoe are situated on large lots which provide plenty of room for outdoor activities such as gardening or playing golf on your own private course!