Hicksville School District Homes - Market Trend Report - August 2008

By
Real Estate Agent with Westcott Group Real Estate Company

Hicksville School District Homes Market Trend Report - August 2008.    This report shows a statistical comparison between the month of August 2008, the first and second quarter averages for the year, July 2008 and a year-over-year comparison.  This report provides information about homes sold in the Hicksville School District including:  location of homes, list price, sold price and days on market.

 

These monthly reports provide a relatively small sampling of homes, which often times results in extreme fluctuations that may or may not be indicative of the market trend for the Hicksville School District.

 

This report is designed to give factual information about sales in the Hicksville School District.  Please remember that the value of individual homes cannot be determined by evaluating broad market trends.  If you are interested in finding out the market value for your particular home, you should consider having an actual market analysis done. 

 

These reports are done by school district rather than town because school districts play a very important role in home prices on Long Island.   

 

Below the actual data you will find an analysis of the real estate trends for homes in the Hicksville School District.

 

AUGUST 2008 HOME SALES

Hicksville School District Homes - August 2008 Closings 

 

AUGUST 2007 HOME SALES

Hicksville School District Homes - August 2007 ClosingsHicksville School District Homes - August 2007 Closings 

 

YEAR-OVER-YEAR COMPARISONS 

Hicksville School District Homes - August Market Trend 

 

MARKET TREND ANALYSIS: 

Homes in the Hicksvile School District continue to sell for close to what they have all year, and for not much less than 2007.  While inventory is rising, it is not by a large enough margin to put a lot of downward pressure on home prices.  In fact, the average days on market is lower in the area than in most surrounding areas.  This indicates that homes that are priced to sell are finding buyers relatively quickly.  A number of homes that closed this month were on the market for 30 days or less, and the ratio between sold price and list price remains stable.

 

CONCLUSION: 

Homebuyers, particularly those buying their first home, will have opportunities to move into the area at prices that were hard to come by last year.  The increased inventory ensures that homebuyers will have a good selection of homes to choose from, and home sellers in the area need to factor in their competition when pricing their homes.

 

 

 CONTACT:  Adam Waldman, RE/MAX Best, 631-357-2036, adam@adamwaldman.com

 

 

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Long Island Real Estate and Relocation Specialist. Please read my blog for tips on how to sell your home for the most amount of money in the shortest amount of time, general real estate advice and consultation on out-of-state relocations. View Adam Waldman's profile on LinkedIn
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