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.
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