Long Island Real Estate Market
Lindehurst Real Estate Market Report For Month Ending 10/31/09
Homes Currently On The Market - 29
Mean (Average)
$365,599 (Listing Price)
Median
$375,500 (Listing Price)
Mode
$375,000 (Listing Price)
Low
$199,000 (Listing Price)
High
$620,000 (Listing Price)
____________________________________________________________________________________________________
Homes Currently Under Contract - 41
Mean (Average)
$327,402 (Listing Price) <------Current Listing Price
$347,474 (Original Price) <-----When the home was new on the market
Days On Market: 140 <-----Means the homes were not priced at market value
Median
$325,000 (Listing Price)
$345,000 (Original Price)
Days On Market: 132 <-----Means the homes were not priced at market value. When you do this, not only will the home stay on the market longer, but, you will have too many price reductions and therefore you will end up with a lower price than if you priced it at market value in the beginning.
Mode
$325,000 (Listing Price)
$399,990 (Original Price)
Days On Market: 17 <-----Means the pricing was at market value
Low
$134,900 (Listing Price)
$159,900 (Original Price)
Days On Market: 7 <-----Means priced under market value for even a quicker sale. Everyone has their own reasons for pricing below market value.
High
$489,000 (Listing Price)
$599,000 (Original Price)
Days On Market: 690 <-----Higher-end homes also mean higher taxes so these homes can stay on the market much longer than expected.
________________________________________________________________________________________________________
Homes That Went To Closing - 28
Mean (Average)
$327,402 (Listing Price) <------Current Listing Price
$347,474 (Original Price) <-----When the home was new on the market
Days On Market: 140 <-----Means the homes were not priced at market value
Median
$299,990 (Listing Price)
$328,000 (Original Price)
$278,054 (Sold Price)
Days On Market: 147 <-----Means the homes were not priced at market value. When you do this, not only will the home stay on the market longer, but, you will have too many price reductions and therefore you will end up with a lower price than if you priced it at market value in the beginning.
Mode
$349,990 (Listing Price)
$249,000 (Original Price)
$310,000 (Sold Price)
Days On Market: 85
Low
$179,900 (Listing Price)
$192,900 (Original Price)
$170,000 (Sold Price)
Days On Market: 5 <-----We do not know the condition of the homes here. Also could mean priced below market.
High
$379,990 (Listing Price)
$469,990 (Original Price)
$370,000 (Sold Price)
Days On Market: 790 <-----Higher-end homes also mean higher taxes so these homes can stay on the market much longer than expected.
Lindenhurst has been and always will be a sought after place to live. It's affordable for the working class consumers and taxes are reasonable.
