West Babylon Short Sale Real Estate Market Report 1st Quarter 2010

Available Short Sale Homes: 51
Average Listing Price: $301,765
Average Property Taxes: $8,378

Under Contract: 3
Average Listing Price: $281,300
Average Property Taxes: $8,756
Average Days On The Market: 224

Short Sale Homes That Closed: 7
Average Listing Price: $374,499
Average Sold Price: $260,70
% Difference: 4.57
Average Property Taxes: $8,041
Average Days On The Market: 168

With the new short sale federal program, it will take many months until we know if banks are moving faster with approving short sales.

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