Plainview - Old Bethpage School District Homes - Market Trend Report - August 2008

By
Real Estate Agent with Westcott Group Real Estate Company

Plainview - Old Bethpage 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, the month of July and a year-over-year comparison.  This report provides information about homes sold in the Plainview Old Bethpage 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 Plainview - Old Bethpage School District.

 

This report is designed to give factual information about sales in the Plainview - Old Bethpage School District.  As is the case with many school districts on Long Island, the Plainview - Old Bethpage School District has a very broad spectrum of home prices (starter, mid-level, luxury), and 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 Plainview - Old Bethpage School District.

 

AUGUST 2008 HOME SALES

Plainview - Old Bethpage - August 2008 Closings 

 

AUGUST 2007 HOME SALES

Plainview - Old Bethpage - August 2007 ClosingsPlainview Old-Bethpage School District Homes - August 2007 Closings 

 

YEAR-OVER-YEAR COMPARISONS 

Plainview - Old Bethpage School District Homes - August Market Trend 

 

MARKET TREND ANALYSIS: 

This was the best month of the year for home sellers in the Plainview - Old Bethpage School District.  Although the numbers are not as strong as 2007, they are certainly better than what many would expect from the media reports on the housing market.  There were more closings this month than new homes coming on the market, which means that inventory is on the decline.  Aside from having the most closings for the year, the prices were the highest, and the average days on market was the lowest.  The ratio of sold price to list price remained strong as well.

 

CONCLUSION:

While the numbers are not as strong as 2007, they are the best that they have been for 2008.  The fact that inventory is being absorbed faster than it is being replaced shows strength in the market.  Homebuyers looking to move into the area should take into account that there are positive signs going on, and that waiting for price drops or making very low offers may end up costing you the home that you wanted.  Home sellers still need to realize that the homebuyer mentality is still that of a buyer's market, so these positive signs must be put into perspective.

 

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

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Groups:
Local Expert
Market Reports
Tags:
plainview old bethpage school district homes
august 2008 market trends
long island realtor

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the folder to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the music-note to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainmaker
348,032
Michael Eisenberg
eXp Realty - Bellingham, WA
Bellingham Real Estate Broker

Adam - Interesting style report you do. My niece lives in Old Bethpage, interesting to see the market there. Do you ever track median home sale prices?

Sep 09, 2008 07:15 PM #1
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the key to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainer
274,098

Adam Waldman

Realtor - Long Island
Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the airplane to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information