Babylon NY Real Estate Market Analysis Week Ending 10/24/10
As of today (10/28/10), there are exactly 100 homes available for sale in Babylon NY.
Homes For Sale In Babylon NY:
The average listing price for Babylon NY is off for last week. 3 new homes were listed and one of them is for $1,095,000 so that throws off the stats. One home was listed for $338,917 and the other is $669,000. I'm sure now you see why the "average" numbers are not the norm. There were no short sales or REO properties listed in Babylon NY last week.
Under Contract:
3 homes in Babylon NY went under contract last week. There were no short sales or REO properties.
Sold Homes:
3 homes closed in Babylon NY last week. No short sales or REO properties. One was on Lee Avenue for $330,000 with 69 days on the market. Fire Island Avenue for $335,000 with 82 days on the market and the other on Ellen Avenue for $385,000 with 310 days on the market. The original asking price was $549,000!
The home is very nice with all the updates but the original price was too high. When you chase the market, your home ends up on the market longer than it has to and you get less for your home in the end.
If you have been thinking of selling your Babylon NY home, call me today (631) 703-0201 for a FREE, No-obligation market analysis.
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