Merrick is a charming, vibrant community in Nassau County. With great history, wonderful beaches, and superb amenities, Merrick rapidly grew into prominence as a place that both homebuyers and investors have been searching for these past few years. With new developments in the past few years and a strong residential demand, the real estate market started growing significantly in Merrick. The following blog will showcase the hottest new real estate developments in Merrick, highlighting key statistics and trends that have made this area a perfect location to invest in property.
Real Estate Statistics in Merrick, NY
The median list price for the homes in Merrick is $879,000. The walk score is 56 which reveals that the area is moderately walkable. The estimated population of Merrick is about 22,015 while the employment opportunities are currently around 7,411.
The sales situation in Merrick seems to be better than in some other parts of Long Island. Merrick NY homes for sale are high in demand and are being sold within 16 days before going under contract.
Properties in Merrick are quite popular and the average home gets sold for about 2% over the asking price and gets pending in 21 days. Real estate properties, especially hot homes for sale in Merrick, can be sold at 7% above the ask price within 13 days only due to the high competition.
New Real Estate Developments in Merrick, NY
Beechwood Homes is one of the top builders in Merrick and has new construction homes for sale. Some of their models are The Churchill, The Barrett, and The Arlington with different designs and layout. These homes for sale in Merrick Long Island are priced from $599,000 while the higher models and locations may cost up to $749,000.
Toll Brothers is another reputable builder in Merrick which constructs beautiful homes with all the contemporary amenities. Some of their developments are houses located in Manhasset, Dix Hills, and other similar places. Toll Brothers has houses for sale in Merrick, New York with prices ranging from $199,893 up to $3,749,888 for new construction homes with numerous bedrooms and bathrooms, spacious living areas, and much more.
Top Neighborhoods for New Construction in Merrick, NY
The most popular areas for new construction homes in Merrick, NY, are Stearns Park, which has numerous family homes that were built recently with large floor areas; Merrick Gables, which comprises expensive homes with modern features; Downtown Merrick characterized by new townhouses together with other urban facilities; Oyster Bay region is famous for custom-built residences and beautiful scenery; and Hempstead that offers a variety of affordable and mid-range new construction options. Every area has its benefits, thus providing variation in choices and options to suit different clients.
Key Features of New Homes in Merrick, NY
New homes for sale in Merrick offer a diversity of features, from 1 to 6 bedrooms, 1.5 to 5.5 bathrooms, and square footage ranging from 1,260 square feet all the way up to 4,468 square feet. These newly built homes and new construction in Merrick are often created with such modern conveniences as a modern kitchen, spacious living areas, private yard, and proximity to beaches and parks.
Cost of Living in Merrick, NY
The standard of living in Merrick, NY is somewhat costly as compared to other neighboring towns while in some cases, cheaper than other towns. The current median list price for homes for sale in Merrick is $879,000 which is higher than some of the neighboring communities. For instance, the median listing price in Hempstead is around $649,000 and in Oyster Bay it is about $1,249,000. While Merrick is not cheap, it is cheaper than some other places, for instance, Manhattan where the median listing price is approximately $1,699,000. This is because one area is more urbanized and has more facilities than the other hence the disparity in price.
Why Invest in Merrick, NY?
Merrick offers a unique blend of urban and suburban living, thus making it an attraction for those seeking a balance between the convenience and tranquillity. The region is well connected, with access to all major highways and public transports. From waterfront homes for sale in Merrick NY to any commercial property, you can find your desired property investment without breaking the bank.
Conclusion
Are you ready to experience the Merrick lifestyle? Whether you are a first-time homebuyer or an experienced investor, Merrick offers a wide range of options to suit your needs and preferences. With its growing popularity and increasing demand, Merrick is poised to continue its upward trend in the real estate market, making it a smart choice for those looking to invest in the future of this vibrant community. Let Kaya Homes be your guide to discovering the perfect home for sale in Merrick, NY. Contact us today to embark on your journey.