Massapequa Sale Statistics for the week of 7/27/12 - 8/3//12

By
Real Estate Broker Owner with RE/MAX Wittney Estates 516-795-6900 www.longislandrealestatesearch.com

House Sold

Massapequa Sale Statistics for the  week of  7/27/12 - 8/3/12

There were 17 Homes Sold in Massapequa 11758 and 11762 This Past Week

The Median Sold Price was $474,000.00

The Lowest Sold Price was $265,000.00

The Highest Sold Price was $875,000.00

The Median Sales Price Difference was 3.7%

The Median Property Taxes were $11,027.00

There are currently 369 Homes available for sale in Massapequa

 

Statistics

FieldCountMean(Average)MedianModeLowHigh

Listing Price 16 $523,749 $474,000 $279,000 $279,000 $875,000
Original Price 16 $534,060 $474,000 $339,000 $339,000 $875,000
Sold Price 16 $498,750 $458,500 $265,000 $265,000 $790,000
% Difference 16 4.79 3.7 3.6 -1.3 16.9
Taxes 16 $12,102 $11,027 8786.27 8786.27 18196.11
Bedrooms 16 3.4 3 3 2 5
Baths 16 2.1 2 2 1 3
Days On Market 16 78 42 16 10 360
(Calculations are done excluding zero-values except for %Difference)

Counts

FieldValueCount

Town Massapequa 12
Massapequa Park 4
Zip 11758 12
11762 4
Zone 5 16
County N 16
Last Status Change CL 16
Style Cape 2
Colonial 3
Duplex 1
Exp Cape 1
Hi Ranch 2
Ranch 4
Split 2
Victorian 1

 

This week we are seeing 10 more homes sold than the previous week. This report covers the entire Massapequa area and all the participating brokers.

The inventory is down by seven avail properties.

Prices remain steady.

If you're home is currently on the market this report makes it apparent that the  supply is much greater than the demand which necessitates pricing your home competitively to compete with the vast number of other homes on the market. 

The average days on the market are 42. If your home has been on the market longer than 42 days it may be time to lower your price.

If you are thinking of putting your home on the market please contact us for a free no obligation consultation.

If you are in the market to buy a home in Massapequa please contact us to assist you with your purchase as we have done for home-buyers since 1984

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Topic:
ActiveRain Community
Location:
New York Nassau County
Tags:
11762
homes sold 11758
massapequa sale statistics

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Ambassador
1,359,555
Liz and Bill Spear
RE/MAX Elite Warren County Ohio
RE/MAX Elite 513.265.3004 www.LizTour.com

Beth & Rich, Great summary of the week's activities.  Good to see homes are moving fairly quickly with that 42 days on market average.

August 03, 2012 06:44 AM
Rainmaker
1,758,610
Roy Kelley
Retired Real Estate Broker, Maryland Blogger

Good report.  It is a wonderful time for home buyers.

Have a great day and a very special weekend.

August 03, 2012 06:51 AM
Rainmaker
518,529
Richard & Beth Witt
Broker/Owner RE/MAX Wittney Estates Long Island NY
RE/MAX Wittney Estates 516-795-6900 www.longislandrealestatesearch.com

Thanks Guys... You're the best... I always love to see your beautiful faces and of course Roy's beautiful pictures...

August 03, 2012 08:54 AM
Ambassador
777,203
John McCormack
AlbuquerqueHomes.com
Albuquerque Homes Realty * www.AlbuquerqueHomes.com

Looks like a great market to be in with only 42 days on average market, prices remaining steady and who doesn't love to see that SOLD sign!  Good job my friends.

Have a great weekend.

August 03, 2012 02:56 PM
Rainmaker
518,529
Richard & Beth Witt
Broker/Owner RE/MAX Wittney Estates Long Island NY
RE/MAX Wittney Estates 516-795-6900 www.longislandrealestatesearch.com

John, thanks for stopping by, always nice to see you... It looks like the market is getting so juice... Let's see... Happy Day!!!

August 04, 2012 09:09 AM
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Richard & Beth Witt

Broker/Owner RE/MAX Wittney Estates Long Island NY
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Additional Information

Richard Witt offers local news and information as well as agent training, broker assistance, current listings and market reports for the entire Long Island New York area.