Laurelton, New York Real Estate Trends-First Quarter Report March 31, 2011

Laurelton, New York Real Estate Trends-First Quarter Report March 31, 2011

Laurelton, New York Real Estate

Laurelton, New York 11413

The Laurelton, New York Real Estate Trends-First Quarter Report March 31, 2011 covers Laurelton, New York Real Estate market activity, year to year, for the 4 year period ended March 31, 2011.

The report focuses on the number of Laurelton, 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 Laurelton is located in the southeastern part of the Borough of Queens in New York City, NY.

Laurelton, New York Real Estate Number of Homes Sold

The total number of Laurelton, New York Real Estate homes sold for the four year period ended March  31, 2011 increased from 61 in 2008 to 66 in 2011. The volume of Laurelton , New York Real Estate sales realized its biggest increase from 2009, when it was 63 to 2010, when it was 69. The home sales volume decreased from 2010 to 2011.

A closer look at the type of sales over the four year period reveals an increase in the number of Laurelton, New York Real Estate foreclosures and Laurelton, New York Real Estate short sales. The number of foreclosures increased from 1 in 2008 to 17 in 2011. The number of short sales increased from zero in 2008 to 11 in 2011.

With total Laurelton, New York Real Estate sales of 66 for 2011, the 17 Laurelton, New York Real Estate foreclosure sale represents 25.8 % of total sales and the 11 Laurelton, New York Real Estate short sales represents 16.7 % of total sales. 

Laurelton, New York Real Estate Median Sales Price Overview

The median sales price of Laurelton, New York Homes over the 4 year period ended March 31, 2011 declined from $450,000 in 2008 to $324,000 in 2011 for a decrease of 28 %. The median sales price has been decreasing year to year from 2008 to 2011.

The growth in volume of Laurelton, New York Real Estate foreclosures, short sales and the economic downturn have been elements in declining median sales prices. The median sales price of Laurelton, New York Real Estate foreclosures decreased from $320,000 in 2008 to $252,000 in 2011. The first Laurelton, New York Real Estate short sale sold data was available in 2009. The Laurelton, New York Real Estate short sale median sales price decreased from $450,000 in 2009 to $311,800 in 2011.

Laurelton, New York Real Estate Days on Market Overview

The Laurelton, New York Real Estate days on market decreased from 73 days in 2008 to 58 days in 2011.