Lindenhurst Short Sale Market Report
4th Quarter (Oct, Nov, Dec) 2009
8 Short Sale homes were placed on the market during this period.
Average Listing Price: $324,249
Taxes: $8,999
Low Listing Price: $199,000
Taxes: $5,999
High Listing Price: $379,000
Taxes: $11,691
Lindenhurst Short Sale Homes Under Contract for the 4th Quarter (Oct, Nov, Dec) 2009
6 Homes went under contract during this period.
Average Listing Price: $298,663
Original Listing Price: $319,333
Taxes: $9,078
Low Listing Price: $230,000
Original Listing Price: $230,000
Taxes: $6,730
High Listing Price: $419,990
Original Listing Price: $489,000
Taxes: $11,505
See the difference between the listing price and the original listing price? When Realtors place a short sale home on the market, we have to search comparable listings in order to figure out how to price the home. Just like we do for any other home. Sometimes we can't find a comparable home because in Lindenhurst, most short sale homes you can eat off the floors. When you have a home that is not as nice, you just have to "pick" a number. Then if in 2 weeks if there are not a lot of showings and inquiries, you have to do a price reduction. When you hit that number, you will get more showings. This is an indication of what market value is. Some banks will not take less than 88% percent of what the bank appraisal is.
Lindenhurst Short Sale Homes That Sold for the 4th Quarter (Oct, Nov, Dec) 2009
6 Homes closed during this period.
Average Listing Price: $305,482
Original Listing Price: $330,898
Sold Price: $281,667
% Difference: 8.02
Taxes: $7,763
Low Listing Price: $235,000
Original Listing Price: $289,000
Sold Price: $212,000
Taxes: $4,552
High Listing Price: $354,900
Original Listing Price: $355,000
Sold Price: $355,000
% Difference: 12.3
Taxes: $9,840
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Email: JackieC@century21aa.com
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