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

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

Uniondale, New York Real Estate

Uniondale, New York 11412

The Uniondale, New York Real Estate Trends-First Quarter Report March  31, 2011 covers Uniondale, 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 Uniondale, 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 hamlet of Uniondale is located in The Town of Hempstead in Nassau County, Long Island. Uniondale is the home of the NHL's New York Islanders who play at the Nassau Veterans Memorial Coliseum. It is also the home of Museum Row, the Reckson Center Cradle of Aviation, and the Long Island Children's Museum

Uniondale, New York Real Estate Number of Homes Sold

The total number of Uniondale, New York Real Estate homes sold for the four year period ended March 31, 2011 increased from 104 in 2008 to 121 in 2011. The volume of Uniondale , New York Real Estate sales realized its biggest drop from 2008, when it was 104 to 2009, when it was 83. The home sales volume increased in 2010 and 2011.

A closer look at the type of sales over the four year period reveals an increase in the number of Uniondale, New York Real Estate foreclosures and Uniondale, New York Real Estate short sales. The number of foreclosures increased from 3 in 2008 to 18 in 2011. The number of short sales increased from zero in 2008 to 17 in 2011.

With total Uniondale, New York Real Estate sales of 121 for 2010, the 18 Uniondale, New York Real Estate foreclosure sale represents 14.9 % of total sales and the 17 Uniondale, New York Real Estate short sales represents 14 % of total sales. 

Uniondale, New York Real Estate Median Sales Price Overview

The median sales price of Uniondale, New York Homes over the 4 year period ended March 31, 2011 declined from $388,125 in 2008 to $270,000 in 2011 for a decrease of 30.4 %. The median sales price has been decreasing year to year from 2008 to 2010. The median sales price increased from 2010 to 2011

 The growth in volume of Uniondale, New York Real Estate forclosures, short sales and the economic downturn have been elements in declining median sales prices. The median sales price of Uniondale, New York Real Estate foreclosures decreased from $309,840 in 2008 to $182,500 in 2011. The first Uniondale, New York Real Estate short sale sold data was available in 2009. The Uniondale, New York Real Estate short sale median sales price decreased from $265,000 in 2009 to $215,000 in 2011.

 Uniondale, New York Real Estate Days on Market Overview

The Uniondale, New York Real Estate days on market decreased from 79 days in 2008 to 71 days in 2011. The days on market decreased from 73 in 2010 to 71 in 2011.