Lindenhurst NY Short Sale Market Report - July 2011
47 Lindenhurst NY short sale homes have been listed since January 2011 and 17 have sold.
There are 261 homes for sale in Lindenhurst NY. Out of the 261 homes, 58 of them are short sales. That is a tad over 22%. A few months ago, that percentage was at 27%. So, the ratio to regular resale homes versus short sale homes has dropped by 5% in as little as a few months.
In 2010, 30 short sale homes sold in Lindenhurst NY. The median sales price: $278,000 with 166 days on the market. The list price to sold price ratio: 2.3%
So far for 2011, 17 short sale homes have sold. The median sales price: $230,000 with 147 days on the market. The list price to sold price ratio: 8.1% I like seeing the days on the market being 147 days. That is 4.5 months. Better than 5.5 months during 2010. We are seeing improvement with the amount of time it takes to get a short sale home closed!
Currently, there are 10 homes in PBA (pending bank approval) status. One of them is my listing. This means there is a buyer under contract waiting for the bank to approve the short sale. There is section called: Short Sale UC Date in the listing that only real estate agents can see. Until the bank approves the short sale, the status will not change to under contract. Because of this, those homes are still in available status in the public MLS. I get calls on my listing and have to explain to the potential buyers why that is. It makes sense to them.
Considering selling your Lindenhurst NY home as a short sale? Call my cell today: 631-703-0201 for a free, no obligation short sale consultation.
Cell: (631) 703-0201
Office: (631) 226-5995 Ext. 242
Email: JackieC@century21aa.com
Website: www.longislandrealestatelady.com
Website: www.lindenhurstnyrealestate.com
Blog: http://jackieconnellyfornuff.com
Skype ID: LIRealEstateLady
