West Babylon NY Short Sale Real Estate Market Trends For 2010
Currently, there are 43 short sale homes in West Babylon NY. Prices range from $159,000 to $399,999. There are 109 regular resale homes for sale as well.
There are seven homes Under Contract right now in West Babylon NY. The average days on the market is 173. One home has been under contract since June 2010. There are so many factors as to why some short sales take longer than others to close.
Buyers tend to shy away from short sales. A Buyer's Agent needs to know the right questions to ask the Listing Agent in order to find out if their buyer should proceed with buying a short sale home.
There are circumstances where a buyer cannot buy a short sale home. They may already be under contract with their current home and short sales have a tendency to close in 90 days or more! That would not be a good idea in this case to buy a short sale home.
The chart below represents the short sale market trends in West Babylon NY:
As you can see, almost half of the homes listed in 2010 closed. To me, that is a good sign. I hope more will close quicker in 2011!
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