Three Village School District Homes - Market Trend Report - August 2008

By
Real Estate Agent with Westcott Group Real Estate Company

Three Village 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 Three Village 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 Three Village School District.

 

This report is designed to give factual information about sales in the Three Village School District.  As is the case with many school districts on Long Island, the Three Village 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 Three Village School District.

 

AUGUST 2008 HOME SALES

Three Village School District Homes - August 2008 Closings 

 

AUGUST 2007 HOME SALES

Three Village School District Homes - August 2007 Closings Three Village School District Homes - August 2007 Closings

 

YEAR-OVER-YEAR COMPARISONS 

Three Village School District Homes - August Market Trend 

 

MARKET TREND ANALYSIS: 

All year long, home prices have shown strength in comparison to 2007 in the Three Village School District.  This is the first month where a noticeable decline was evident.  Since this area has a wide price range between starter homes and luxury homes, there is always the chance for large fluctuations in prices.  The inventory numbers, while strong, were not nearly as impressive as 2007.  The average days on market and ratio between sold price and list price is comparable to 2007.

 

CONCLUSION:

One month does not make a trend.  Overall, this area continues to show strength.  It may just be that luxury homes didn't close for one reason or another, which caused a drag on the overall numbers.  There are opportunities for buyers in all price ranges in the Three Village School District.

 

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

 

 

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Rainer
194,096
Elizabeth Nieves
Bilingual Raleigh - Durham North Carolina Real Estate Team
The Elizabeth Nieves Realty Group

These numbers look pretty impressive! It seems that homes are selling in the Three Village School District. There is really not much difference between 2007 and 2008. That is great, my friend!! And...hopefully...this time next year...it will be even better. GBU!!!

September 06, 2008 10:37 PM
Ambassador
883,319
Margaret Woda
Maryland Real Estate & Military Relocation
Long & Foster Real Estate, Inc., Crofton, MD 21114

Adam, again... your report is impressive!  People have no idea how much time and expertise are required to create one of these, and you do them for all the districts in your area.  I hope consumers are finding them and rewarding you with their business, because you're clearly the "go-to" guy in your area.

September 07, 2008 06:21 AM
Rainmaker
908,080
Bill Gassett
Metrowest Massachusetts Real Estate
RE/MAX Executive Realty

Adam your Three Village School District Homes Market Trend Reports are always packed with great info. I can see why you are the man when it comes to Long Island Real Estate!

September 07, 2008 06:43 AM
Rainer
331,895
Danny Thornton
WordPress Guru
R & D Art

Adam, I have always thought that it is a great idea for Realtors to share reports like this. With that said, I see so few that do it.

September 09, 2008 02:02 PM
Rainmaker
287,177
Pippa Mac
The Woodlands TX Real Estate
Chevaux Group Realtor, The Woodlands and Spring

Adam,

Awesome report .. as always!

September 10, 2008 10:25 AM
Ambassador
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Melissa Grant
The Law of Attraction In Life & Business
A Serendipity World

Another great market report for your consumers Adam ! These must take up so much of your time !

September 11, 2008 06:28 AM
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Rainer
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Adam Waldman

Realtor - Long Island
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