Whether you're considering buying a home in Merrick or selling your current Merrick real estate, knowing what the statistics are telling us about market conditions can be helpful in making your decision. For the month of October, 2010, 18 homes sold in Merrick, 3 of them in North Merrick, 11 in Merrick and 3 in South Merrick. Of those, 3 were capes, 4 colonials, 1 expanded cape, 2 hi ranches, 1 raised ranch, 3 ranches, 1 splanch, 2 splits and 1 tudor.
- Selling prices, on the low end - $323,500
- On the high end - $995,000
How does this compare with sales of residential real estate in Merrick one year ago? Let's take a look at the numbers. From October 1 - 31, 2009, 28 homes sold, 7 in Merrick, 11 in North Merrick and 10 in South Merrick.
- Selling prices, on the low end - $240,000
- On the high end - $1,125,000
I would caution that you use the numbers only as a broad reference point when checking into housing possibilities in Merrick, either on the buying side or selling. Always consult with a Realtor® for the best current information.
The only way we can put this in any kind of historical perspective is to look at the data over a period of time, so check back. I'll be giving you the sold homes information about Merrick every month. If you're thinking of buying or selling a home anytime soon, feel free to give me a call or send me an email. I'll be more than happy to help you reach your real estate goals.
The following are current market statistics for the first week in November, 2010 in Merrick.
*Data as reported by Multiple Listing Service of Long Island.
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About the author: Geri Sonkin is a Licensed Broker Associate/Stager/Decorator serving Long Island sellers and buyers for over 24 years. Areas of expertise include Nassau County, Suffolk County, Queens and Brooklyn. Specializing in resales, new construction, co-ops/condos, waterfront homes, estates, short sales, rentals and staging your home to sell for the most money the market will bear. For more information: www.LongIslandsBestHomes.com For new construction: http://2274Woodbine.GreatCustomHome.com 516-425-6098 Search all MLS listings and access up to date market statistics at AtHomeOnLongIsland.com All text and graphics contained herein Copyright © 2010 Geri Sonkin & its licensors. All rights reserved.
If you're considering buying, selling or staging a home on Long Island, I'm here to help. Just give me a call or send me an email.
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Geri Sonkin Long Island Real Estate Expert Home Stager, Decorator |
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