Real Estate News You Can Use!: New York: Babylon: Babylon

Babylon NY Real Estate Market Report Week Ending 7/25/10

Newly Listed Homes:

The last entry is not a typo. It is a million dollar short sale!

Under Contract:

The days on the market look great! This is what happens when you price your home at market value....it will sell!

There were no homes that sold for week ending 7/25/10

**All data is provided by the Multiple Listing Service of Long Island**

If you are looking to sell your home and want a free Competitive Market Analysis, please call me anytime to schedule a no-obligation appointment: (631) 703-0201 or Email me

Enjoy your week!

Babylon Village NY Real Estate Market Report For W/E 7-11-2010

Every week I'll be posting Babylon homes for sale, under contract and sold for the previous week.

There were 11 newly listed homes last week. The average listing price is $677,953 with an average of $12,455 for property taxes.

There were no Babylon NY homes under contract last week.

The 1 home that closed was listed at $525,000 and sold for $500,000 It is a 9 room colonial on Alexander Street with property taxes of $10,600

Babylon Sold Homes 2008 Through May 31st, 2010

If you are looking to sell your Babylon Village home and want a competitive market analysis, which of course is free, call me anytime (631) 703-0201 or end_of_the_skype_highlightingEmail me.

Babylon NY Condos Real Estate Market Report For Whaler's Cove -
Quarter Ending 6/30/10

There are 2 condos currently available at Whaler's Cove:

3 condos closed during the 2nd Quarter of 2010:

Whalers Cove Condo Development is located in Babylon Village on the South Shore of Suffolk County.

Whalers Cove is conveniently located just minutes from Babylon Village shopping, restaurants, and the Long Island Railroad for those that commute via train to work.

There are 152 condos in Whalers Cove with 1 & 2 bedrooms and maintenance fees start at $170.00 and up. You even get a private patio. Every condo is different. Some have updated kitchens and baths, some do not. 1 condo recently closed at $323,000 for 2 bedrooms, 1.5 baths, and Eat-In-Kitchen.

Whalers Cove is in the highly sought after Babylon Village School District.

 Just minutes away from Main Street, Deer Park Avenue and Sunrise Highway. And a convenient 20 minute drive to MacArthur Airport located in Islip, NY

There are so many amenities surrounding Whalers Cove: Babylon Village pool, Argyle Park, Captree Boat Basin, Babylon Town beaches, and Robert Moses State Park.

You will never be bored when you own a condo in Whalers Cove!

Whalers Cove Condos Babylon Village Real Estate Market Report For January 2010

Whalers Cove Condos Babylon Village
Real Estate Market Report For February 2010

Whalers Cove Condos Babylon Village Real Estate Market Report For 1st Quarter 2010

About Whalers Cove Condo Development

View Whaler's Cove Condos Babylon, NY in a larger map

Babylon Village NY Real Estate Market Report For W/E 6-27-2010

Every week I'll be posting Babylon homes for sale, under contract and sold for the previous week.

The chart below represents 5 Newly Listed Homes in Babylon last week:

The chart below represents 1 home Under Contract in Babylon last week.

The chart below represents 2 homes Sold in Babylon last week.

If you are looking to sell your home and want a competitive market
analysis, which of course is free, call me anytime at: (631) 703-0201 orEmail Me.end_of_the_skype_highlighting 

View Babylon Village New York in a larger map

Babylon Real Estate Market Report For W/E 6-20-2010

Every week I'll be posting Babylon homes for sale, under contract and sold for the previous week.

The chart below represents 7 Newly Listed Homes in Babylon last week:

The chart below represents 1 home Under Contract in Babylon last week.

The chart below represents 4 homes Sold in Babylon last week.

If you are looking to sell your home and want a competitive market
analysis, which of course is free, call me anytime at: (631) 703-0201 or Email me.

Babylon NY Real Estate Market Report For W/E 6-13-2010

Every week I'll be posting Babylon homes for sale, under contract and sold for the previous week.

The chart below represents 3 Newly Listed Homes in Babylon last week:

The chart below represents homes Under Contract in Babylon last week.

There were no sold homes last week so there is nothing to report.

If you are looking to sell your home and want a competitive market analysis, which of course is free, call me anytime at: (631) 703-0201end_of_the_skype_h or email me.

Babylon Luxury Sold Homes Through 5/31/10

There were 3 luxury homes in Babylon that sold:

Please note the Days On The Market (DOM). Not long at all. So far, that is a good sign. The first one even had a bidding war!

About Babylon

What is now Babylon Town and Village was originally part of Huntington Town and known as South Huntington (or Huntington South). Lightly settled from 1689, its main industry, in common with much of the area along Great South Bay and South Oyster Bay (both actually lagoons), was the harvesting of salt hay, which was used as cattle feed and bedding.

When a community grew up in the area by 1803, prominent local citizens sought to adopt a new name. An influential local lady, Mrs. Conklin, was used to living inland in what is now considered Dix Hills and was at unease with the home site that her grandchildren would be raised in. The bible-reading Mrs. Conklin compared the new hamlet to the biblical city of Babylon and proposed that name in apparent defiance of the area's rather bawdy reputation as a stop-over place for travelers on Long Island's south shore. Her son Nat was appalled by the use of an "unholy" name. The family legend states she replied: "But it will be a new Babylon." The name stuck, despite some effort to change it. 

Babylon School District

The Babylon School District consists of Babylon Elementary School, Babylon Memorial Grade School, and the Junior-Senior High School

Babylon Village - There are tons of retail stores so you can shop to your heart's content. Many restaurants to choose from and if you are also looking for nightlife, Babylon Village has that too. Every October there is the Babylon Street Fair. Nothing like being able to walk down Deer Park Avenue without worry about the traffic!

Recent Blogs About Babylon:

Babylon Luxury Homes For Sale

Babylon Sold Homes

Babylon Short Sales Market Report

Luxury Townhomes: Babylon Cove

View Babylon Village New York in a larger map

Whalers Cove Condos Babylon Village Real Estate Market Report Month Ending 5/31/10

Condos Currently Available: 2
(No newly listed condos for May 2010)

Average Listing Price: $326,938
Average Property Taxes: $3,726

Whalers Cove Condos Babylon Village Real Estate Market Report For January 2010

Whalers Cove Condos Babylon Village
Real Estate Market Report For February 2010

Whalers Cove Condos Babylon Village Real Estate Market Report For 1st Quarter 2010

About Whalers Cove Condo Development

Search Babylon Condos

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If you want real estate market reports for your area monthly, email me and I will sign you up. Pleas specify the area(s) you want. Enjoy your day!

Babylon Village Sold Homes Prices For 2008 Thru May 2010

2008 was a great year wasn't it?

Sold prices dropped 13.24% in 2009 compared to 2008.

The Average Sold Price from January Thru April 2010 was $461,459 so that is a 3.25% decrease compared to the end of May 2010. This doesn't mean that Babylon is in a downward spiral. This is a month by month reporting.

Here is the chart for period ending April 2010:

I am seeing many Babylon listings expiring in the upper 500K and over range. Why? Due to job losses across Long Island, that buyer pool that normally could afford that price range 3-5 years ago, cannot at this point. That buyer pool has been reduced.

What do you do if you want to sell your home? You have choices:

• You can reduce the price to market value in order for it to sell. In your eyes, that may be giving away your home and I understand that. But market value is determined by how much a buyer is willing to pay. Buyers are educated. They know what is market value and what is not.
  
• Leave it off the market until you see signs that it's a seller's market.

Right now, it's truly a great time to sell your home. Why? Mortgage rates are below 5% as of this writing. Buyers are taking advantage of that and so can you. If you are comfortable with what you can sell your home for and when you sell, you will be buying low. You can't sell high and buy low at the same time. Food for thought :)

Below is a month to month chart for Average Sold Prices during 2009 for Babylon:

If you would like to receive market reports for Babylon Village, contact me and every month I will send you market reports via email which will help to keep you informed about the real estate market for Babylon Village. Enjoy your day!

Babylon NY Luxury Homes For Sale

The Chart below represents available luxury homes in the Town of Babylon:

Babylon Village has a large volume of luxury homes on the market and off. Currently, there are no luxury homes Under Contract. It is not uncommon to see luxury homes on the market for long periods. Why? The amount of buyers that can afford them is smaller compared to homes that sell in the mid 300k price range. The higher the price range, the smaller the buyer pool becomes.

It's not just about if you can afford the price, take a look at the property taxes. Wowza right? Can you imagine having a $10,000+ mortgage payment every month? Not me. Not to mention hiring landscapers, cleaning service, etc. You wouldn't catch me dead cleaning a 15 room home! Maintaining a luxury home is a job in of itself. I'd rather sell them then clean them :)

Then there is the fact about putting in an offer. It is not uncommon to go below $300k of the asking price to start the negotiating. Imagine that? That is the price of your average home in Lindenhurst, NY! Negotiations can take weeks. It's not always immediate like median priced homes. Luxury home buyers need to sit and think when they get a counter offer from the seller. They take their time. Sellers will sit and think when the buyer comes back with a counter. Losing patience on either side can cause someone to walk away.

Luxury Homes That Sold

The above home closed in April, 2010. 59 days on the market. The lot square footage on this home is 15,000. Built in 2006. The home has 100' of deep water docking, crown moldings, Great Room with fireplace, Cherry Wood kitchen with fireplace and Viking applicances, Deck with hot tub and kitchen. Would love to show you photos but I can't copy pictures from the MLS. It's against their rules. But trust me, this home is absolutely stunning!