Saint Albans New York Real Estate Trends Fourth Quarter Report December 31 2010

Saint Albans New York Real Estate Trends Fourth Quarter Report December 31 2010

Saint Albans, New York Real Estate

Saint Albans, New York 11412

The Saint Albans, New York Real Estate Trends-Fourth Quarter Report December 31, 2010 covers Saint Albans, New York Real Estate market activity, year to year, for the 4 year period ended December 31, 2010.

The report focuses on the number of Saint Albans, New York Real Estate homes sold, the median sales price and median days on market with particular attention to foreclosure and short sale data. For the years indicated the periods covered are as indicated in the following table. 

The residential community of Saint Albans is located in the southeastern part of the Borough of Queens in New York City, NY. Saint Albans was part of a land grant to Dutch settlers from the Netherlands given by Governor Peter Stuyvesant in 1655.

 Saint Albans, New York Real Estate Number of Homes Sold

The total number of Saint Albans, New York Real Estate homes sold for the four year period ended December 31, 2010 increased from 121 in 2007 to 124 in 2010.  The volume of Saint Albans , New York Real Estate sales realized its biggest drop from 2009, when it was 145, to 2010, when it was 124. T

A closer look at the type of sales over the four year period reveals an increase in the number of Saint Albans, New York Real Estate foreclosures and Saint Albans, New York Real Estate short sales. The number of foreclosures increased from 1 in 2007 to 16 in 2010. The number of short sales increased from zero in 2007 to 23 in 2010.

With total Saint Albans, New York Real Estate sales of 124 for 2010, the 16 Saint Albans, New York Real Estate foreclosure sale represents 12.9 % of total sales and the 23 Saint Albans, New York Real Estate short sales represents 18.5 % of total sales. 

Saint Albans, New York Real Estate Median Sales Price Overview

The median sales price of Saint Albans, New York Homes over the 4 year period ended December 31, 2010 declined from $417,000 in 2007 to $337,000 in 2010 for a decrease of 19.2%. The median sales price has been decreased from 2007 to 2009. It incresaed from 2009 to 2010.

The growth in volume of Saint Albans, New York Real Estate foreclosures, short sales and the economic downturn have been elements in declining median sales prices. The median sales price of Saint Albans, New York Real Estate foreclosures decreased from $279,000 in 2007 to $242,000 in 2010. The first Saint Albans, New York Real Estate short sale sold data was available in 2008. The Saint Albans, New York Real Estate short sale median sales price deccreased from $245,000 in 2008 to $242,000 in 2010.

Saint Albans, New York Real Estate Days on Market Overview

The Saint Albans, New York Real Estate days on market decreased from 73 days in 2007 to 72 days in 2010.

 Data Source: Multiple Listing Service of Long Island