Fisherman's Wharf West Babylon Real Estate Market Report For The 1st Quarter 2010

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Real Estate Agent with Douglas Elliman Real Estate in Babylon NY

Fisherman's Wharf West Babylon Real Estate Market Report For The 1st Quarter 2010

Newly Listed Co-Ops - 3
Average Listing Price $204,897

Under Contract - 5
Average Listing Price $190,020
Original Listing Price $194,760
Average Days On The Market - 172

Sold Units - 3
Average Listing Price $176,333
Sold Price $166,667
% Difference 5.5
Average Days On The Market - 129

Sold Units For 1st Quarter 2009 - 3
Average Listing Price $171,633
Average Sold Price $157,333
% Difference 8.33
Average Days On The Market - 123

Compared to 2009, sold prices at Fisherman's Wharf have gone up. Why? Co-ops are very affordable compared to condos and single family homes. They are perfect for the first time home buyer who cannot afford a single family home or a higher priced condo.

Fisherman's Wharf Requirements:

In order to live at Fisherman's Wharf, you have to be approved by the Board. That is the last step before going to closing.

Maximum 3 to 1 Debt-To-Income Ratio (33%)

15% down minimum (used to be 20%)

Income Requirement:
Taking a mortgage - $53,950.00
No Mortgage - $44,141.00

Fisherman's Wharf has an in-ground pool and 2 tennis courts. A clubhouse by the pool and you can rent the space out for parties. There is also a lake located in the Southeast section of the development. There is also a workout gym.

Looking to buy a co-op at Fisherman's Wharf? Call me (631-703-0201 begin_of_the_skype_highlighting              631-703-0201      end_of_the_skype_highlighting) and I will be more than happy to show you all of the units that are available.

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