Lindenhurst NY Real Estate Market Analysis For Week Ending 10/17/10
There were 9 homes listed on the market in Lindenhurst NY last week. 2 were short sales and there were no REO properties listed.
Please note the listing price to sold price ratio: -2.4% There was a bidding war on a short sale home on 7th street in Lindenhurst NY. It was on the market for $259,000 and sold for $295,000. It was on the market for 216 days. Short sales do close!
Also note the Days on the Market: 270 average. There was 1 home on Johnson Place that was first priced at $424,000 That price was too high to start with. Then it had a price reduction to $349,000. Then another reduction to $344,000, It finally sold for $334,000.
Again, price your home at market value in the beginning and you will not have to do so many price reductions. You'll end up getting more for your home!
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If you have been thinking about selling your Lindenhurst NY home, please call me today for a no-obligation, free comparable home analysis at (631) 703-0201
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