Laurelton, New York Real Estate Trends-December 8 2011
Laurelton NY Homes for Sale
Laurelton NY Real Estate
Laurelton, New York 11413
The Laurelton, New York Real Estate Trends-December 8, 2011 , part of a Queens, New York Real Estate Overview, covers Laurelton, New York Real Estate Homes for Sale and Laurelton, New York Real Estate closed over the 12 month period ended December 8 2011. The report, prepared by Home Driven Realty Inc, includes analysis of Laurelton New York Short sales, Laurelton New York Foreclosures, Laurelton New York cooperatives and Laurelton New York Condominiums. A free search Laurelton, New York Real Estate and search Laurelton, New York Real Estate option is also available.
The residential community of Laurelton is located in the southeastern part of the Borough of Queens in New York City, NY.
Laurelton New York Homes for Sale
As of December 8, 2011, there were 56 Laurelton, New York Homes for Sale Of the 56 Laurelton, New York homes for Sale there was 1 Laurelton, New York Real Estate foreclosure and 11 Laurelton, New York Real Estate homes marketed as short sales. The median list price is $369,000.
A Laurelton New York Homes for Sale analysis by price range indicates that the $300,000-$350,000 and $350,001 to $400,000 bands have the largest number of available homes with 13 each.
Laurelton, New York Real Estate Sold
There were 55 Laurelton, New York Real Estate homes sold for the year ended December 8, 2011. Of this number 10 were Laurelton, New York Real Estate short sales and 9 Laurelton, New York Real Estate foreclosures.
The three month period September 9, 2011 to December 8, 2011, accounted for 12 of the 55 1aurelton, New York Real Estate home sales. The median sales price for this three month period was $355,000.
In My Opinion
The Laurelton Real Estate market experienced its lowest volume of sales in 4 years in 2011 with 55. This is after three years of steadily increasing sales. Distressed propeties, made up of short sales and foreclosures, represented 34.6 % of the homes sold.
As indicated on the Laurelton NY Median Sales Price graph for years ending December 8, 2008-2011, yearly median sales prices have also continued to slip year to year from a high of $412,000 in 2008 to a 4 year low of $330,000 in 2011.
There is a bright spot. The three month period September 9 2011- December 8 2011 has seen a median sales price increase to $355,000 based on the sale of 11 homes.
It is my opinion, based on the information provided above that this market may not have bottomed out yet. Buters and sellers should review trend data and the specific type of transaction and property with a real estate professional before listig or purchasing a home.
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