Lindenhurst NY Real Estate Century 21 AA Realty

Lindenhurst NY Houses Under Contract | Pending Home Sales Lindenhurst NY | Lindenhurst NY Real Estate Market - Changes are Happening!

30 homes in Lindenhurst went pending in April 2012. The last time we saw that many homes go under contract was April 2010. That was the time of the $8,000 home buyer tax credit and real estate professionals agreed that those numbers were padded because of the tax credit.

No padding here now! April 2012 pending sales was almost double compared to April 2011. The Lindenhurst NY real estate market is changing little by little. Low mortgage rates are helping for sure.

I'm also starting to see homes sell for 3% below list price and not more. Homes on busy streets are selling quickly as well. Although few, I'm seeing some bidding wars where some homes are selling above list price. That hasn't happened in five years!

I will be keeping an eye on the Lindenhurst NY real estate market more closely than I do now so come back often to get your updates because positive changes are starting to happen now!

North Babylon NY Housing Market for December 2011

North Babylon NY covers three school districts: Babylon Schools, West Babylon Schools and North Babylon Schools. So depending upon where you buy your home in North Babylon NY, will result in what school district your children will attend.

North Babylon NY Housing Market for December 2011:

December 2011 - Median Sold Price: $295,000 -   7 Homes Sold - 105 days on the market
December 2010 - Median Sold Price: $270,000 - 11 Homes Sold -   53 days on the market

7 homes went under contract with a median asking price of $294,000

76 North Babylon NY homes are currently available for sale with a median asking price of $317,000
1 home is in the Babylon School District with an asking price of $365,000
75 homes are in the North Babylon School District with a median asking price of $309,990

Obviously, there are more choices of homes in North Babylon NY with the North Babylon School District than homes that are for sale in North Babylon in the Babylon School District.

When you find a North Babylon NY home for sale in the Babylon School District that you really like, grab it because those homes do not stay on the market for long.

What home did you miss out on in 2011? This one:

The home above I sold to my buyer and we closed in December 2011. It was a great REO home that only needed a kitchen and the rest in aesthetics, not a gut job. A four bedroom, seven room, 2 car garage Colonial with an in-ground pool situation on park-like grounds with a 75 x 75 property size. Sold for $328,000.

Search homes for sale in North Babylon below:

Babylon Village Housing Market For 2011 - Median Sales Price History Since 2007

Overall, the Babylon Village housing market is up 4.65% since the first quarter of 2007.

From January 2011 to December 2011, the Babylon Village housing market is down 3.01%. That is not bad at all. Some towns within the Town of Babylon are down by 6% and higher.

2011 didn't fluctuate all that much for Babylon Village. If the quarterly numbers stay fairly tight, then maybe 2012 will be the year for stability for the Babylon Village housing market. Babylon Village will see a seller's market quicker than other towns within the Town of Babylon. That probably won't happen for a few years though.

56 homes sold in 2011 in Babylon Village. Sold prices range from $200,000 to $1,275,000. The median sold price: $459,000. List price to sold price ratio average: 5.49%. Average property taxes: $12,879. Average days on the market: 109

Every quarter I update the chart so come back in the beginning of April to get the first quarter stats for the Babylon Village housing market!

Lindenhurst NY 2011 Housing Market - What A Year It's Been!

Overall, the Lindenhurst NY housing market saw a 4.14% decrease in the median sales price since January 2011. Let's look at the Lindenhurst NY housing market since January 2007:

2007 - 0.67% decrease
2008 - 8.38% decrease
2009 - 1.27% decrease
2010 - 5.67% increase
2011 - 4.14% decrease

Since January 2007 to December 2011, the Lindenhurst NY housing market decreased by 22.23%.

The Lindenhurst NY housing market saw the worst in 2008 and saw the best in 2010.

Since the quarterly median sales prices of 2011 stayed fairly tight, I'm hoping that 2012 will be the year for stabilization for the Lindenhurt NY housing market. When stabilization occurs, it will stay that way for a while. Do not expect a full blown sellers market in 2012.

Lindenhurst NY Buyer Activity History:

The chart below represents how many buyers bought homes since 1992. 2004 and 2005 had more homes sold than any other year. That was the market boom. 2008 through 2011 has been fairly steady since 2007.

As you can see, buyers are buying and they should. Mortgage rates are at historic lows as well as housing prices. If you have the money, buy now is all I can say because mortgage rates will go up again and so will housing prices. Long Island is not in economic ruins like some part of the United States and we do not rely on one particular industry or anyother industry for that matter. All I know is the stores were crowded as usual this past holiday season!

As you can see from the chart below we are at 1992 buying activity. I bought my first house in 1993 for $129,990. It was a 3 bedroom ranch and had 7 rooms with a full, half finished basement and no garage.

Here is a kick in the pants for ya: Back then it took 5 months to close on a home and that was having no major issues. Now it's around 2 months. It's amazing how real estate has changed over the years!

Lindenhurst NY Short Sale Market Report - November 2011

Currently, there are 67 short sale homes on the market in Lindenhurst NY. Prices range from $165,375 to $499,990.

So far, 30 homes have sold as a short sale. As of December 2010, 30 homes sold. Here it is December 2011 and we are at last years sold numbers. I was really hoping we would see the sold numbers increase, not remain the same. But, it is better to be the same then a decrease.

There are 163 regular resale homes on the market in Lindenhurst NY. 

Right now, 28% of the homes on the market in Lindenhurst NY are short sales. In September 2011 we were at 24%. Nothing to panic over. Some towns on Long Island are experiencing 60% of the homes in their market are short sales. So, forget about being able to list and sell a regular resale home in those areas sine the short sale homes are comparable in condition but are much cheaper. Luckily, Lindenhurst NY is not in that position at the moment.

In January 2012, I wil be reporting the year end numbers for the short sale market in Lindenhurst NY.

West Babylon NY Housing Market - Week Ending 11/27/11

One home sold last week in West Babylon NY:

763 Centerwood Street West Babylon NY 11704 - This is a 5 bedroom, 12 room Colonial. Listed for $329,000 and sold for $310,000. On the market for 33 days. List price to sold price ratio: 5.8%

There are 99 homes for sale in West Babylon NY in the West Babylon School District. Prices range from $174,500 to $950,000.

94 homes have sold in West Babylon NY in the West Babylon School District since January 1st, 2011. Sold prices range from $125,000 to $457,500.
Average days on the market: 121
Average property taxes: $8,564.
Average sold price: $287,200

West Babylon NY Median Sold Price by Quarter for 2011:

The West Babylon Housing Market in 2010 was stabilizing. 2011 is a little more erratic but we need to see how 2012 is going to be. I really feel the housing market for West Babylon NY will stabilize in 2012. 

Call me today (631) 703-0201 to schedule an appointment for a free, no obligation market analysis for your home.

All data in my charts is from the Multiple Listing Service of Long Island.

Lindenhurst NY Real Estate Market Activity Report - Week Ending 11-27-11

The Lindenhurst NY real estate market activity has been a little slow this week due to Thanksgiving. I hope you all enjoyed it!

One home sold in Lindenhurst NY:

620 N. Fulton Avenue Lindenhurst NY 11757 - This is a 3 bedroom, 7 room Expanded Cape. Listed for $369,000 and sold for $350,000. On the market for 71 days. List price to sold price ratio: 5.2%

Currently, there are 245 homes on the market in Lindenhurst NY. Prices range from $165,375 (that is my short sale listing!) to $999,000.

236 homes have sold in Lindenhurst NY since January 1st, 2011.

The chart to the left is for the Median Sold Prices by quarter for 2011.

2011 has been fluctuating so there are no signs of stabilization just yet. And looking at the first quarter of 2010 through the 3rd quarter of 2011, you can see how much the market has come down in Lindenhurst NY which is 23%. This effects every homeowner no matter how nice your home is. What you could have sold your home for in 2007, is not the case now.

Call me today (631) 703-0201 to find out what your Lindenhurst ny home is worth in today's market!

Deer Park NY Homes Under Contract/Pending Sales - 3rd Quarter 2011

This market report is for Deer Park NY in the Deer Park School District only.

37 homes went under contract in Deer Park NY for the 3rd quarter of 2011.

The lowest price home was listed for $73,000 and sold on 7/27/11 for $182,500. On the market for 25 days. It is a 3 bedroom, 7 room High Ranch and it was an REO property.

The highest price home was listed for $399,000 and sold on 8/25/11for $375,000. On the market for 89 days. It is a four bedroom, eight room Colonial.

50 homes went under contract in Deer Park NY for the 2nd Quarter which ended June 30th. Buyers who have school-aged children, like to be in their new home before school starts in the fall so that is why you see an upswing compared to the 3rd Quarter.

Deer Park NY Median Sold Price 2007 - 2011
As of 9/30/11, the median sold price for Deer Park NY is $267,500.
148 homes in Deer Park NY were listed in 2011 through 10/31/11.
47 sold.
17 are currently under contract.
21 expired off the market.
43 homeowners withdrew the listings off the market.

Just like other areas across Long Island, Deer Park NY is in a buyer's market and will most likely remain that way for a few years. But, the good news is, homes are selling. If you can sell and are happy with the market value you are told, then sell. If not, stick around until it becomes a seller's market.

Babylon NY Homes Under Contract/Pending - September 2011

Pending home sales for Babylon Village in 2011 compared to 2010 for the most part stayed consistent.

Babylon NY pending home sales for the 3rd Quarter 2011:

15 homes went under contract in the 3rd quarter of 2011. The lowest price home was listed at $256,000 and sold for $265,000. It is on Cadman Avenue in Babylon Village. It was on the market for 49 days. The list price to sold price ratio: -3.5%. Don't get all excited about the ratio. That is not the norm. In a seller's market it would be but not right now. Maybe in 2012 we will see more stabilization in Babylon Village. It's going to be at least another few years for a seller's market to show it's face in Babylon Village.

The highest price home was listed at $1.2M and sold for $1.177M. See, even million dollar homes in Babylon Village do not go for much less than asking price as you may think. This home is on Christopher Court in Babylon Village. It was on the market for 412 days. It was originally listed for $2.1M. Obviously that didn't work out. The list price to sold price ratio: 1.9% And the buyer paid cash.

The majority of the homes that went under contract in Babylon Village were priced between $380K and $399K.

Currently, there are 65 homes on the market in Babylon Village. The lowest priced home is $149,000 and the highest priced home is $2.8M.

If it were a seller's market in Babylon Village, more homes would sell in relation to the amount of homes coming onto the market (new listings).

Call me today (631) 703-0201 to find out what your Babylon Village home is worth in today's market.

**All data herein is provided by the Multiple Listing Service of Long Island**

Lindenhurst NY Short Sale Housing Market - October 2011

Six Lindenhurst NY short sale homes came onto the market in October 2011 bringing that total to 60 for the year. Not one short sale home under contract in Lindenhurst NY sold in October.

View Lindenhurst NY Short Sales For Sale

Currently, there are 256 homes for sale in Lindenhurst NY. 66 of them are short sales. 26% of the homes on the market in Lindenhurst NY are short sales. In August 2011 it was at 21% so the Lindenhurst NY short sale activity has increased by 5% in two months time.

Lindenhurst NY Sold Short Sales For 2011
28 Sold Homes:
Median Sold Price - $242,500
Median Listing Price - $242,595
List Price to Sold Price Ratio - 5.65%
Average Property Taxes - $8,402
Average Days on the Market - 191

We have the last quarter of 2011 to see where the Lindenhurst NY short sale market will end up. Short sales in Lindenhurst NY are not going away anytime soon.

Lindenhurst NY Short Sale Housing Market Stats:

Considering a short sale for your Lindenhurst NY home? Call me today (631) 703-0201 and I will explain the entire process with you.