Hempstead, New York Real Estate Trends-February 26, 2011

Hempstead, New York Real Estate Trends-February 26, 2011

Hempstead, New York 11550

The Hempstead, New York Real Estate Trends-February 26, 2011 report covers Hempstead, New York Real Estate homes for sale and homes that have closed over the 12 month period ended February 26, 2011. The report includes analysis of Hempstead New York Short Sales, Hempstead New York Foreclosures, Hempstead New York cooperatives and Hempstead New York Condominiums. A free search Hempstead, New York Homes for Sale and search Hempstead, New York Real Estate option is also available.

The Village of Hempstead is located in the Town of Hempstead. It is referred to as Hempstead Village to distinguish it from the Town of Hempstead.  In addition to being the seat of government for the Town of Hempstead, the Village of Hempstead is also the most populous in the state of New York.

The Village of Hempstead was settled in the Spring of 1644 by thirty to forty Puritan families that had crossed the Long Island Sound from Stamford, Connecticut to Hempstead Harbor. Thw settlers made their way to the current site of Hempstead Village. The site of the settlement was part of land purchased by Robert Fordham and James Carman on behalf of the Puritans in the fall of 1643. The parties to the real estate negotiation in addition to Messiers Fordham and Carman were representatives of the Marsapeague (Massapequa), Mericock (Merrick), Matinecock and Rekowake (Rockaway). Tackapousha, who was Sachem (Chief) of the Marsapeague served as the spokesman for the Indian tribes. 64, 000 acres of land were sold for items worth less than $100.

Hempstead New York Homes Available for Sale

As of February 26, 2011, there were 310  Hempstead, NY homes for sale in Hempstead. Of the 310 homes there are 17 foreclosure and 131 homes marketed as short sales. The median list price is $259,000.

Colonials made up over a third of the homes for sale (124), followed by Capes (83), Hi-Ranch (29), Ranches (35), Expanded Ranches (5), Two Story (8) and Tudors (10) as the other top styles

The price range with the largest amount of Hempstead NY Homes for Sale is below $200,000. There are 95 homes available in this price range.

There is also an active cooperative and condominium market. There are 16 co-ops and 3 condos available.

Hempstead, New York Homes Sold

There were 193 homes sold for the year ended February 26, 2011. Of this number 29 were Hempsead short sales and 76 were Hempstead foreclosures.

The three month period November 27 2010 to February 26 2011, accounted for 30 of the 193 home sales. The median sales price for this three month period was $174,600.

Data Source: Multiple Listing Service of Long Island