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

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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