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Laurelton, New York Real Estate Trends-Fourth Quarter Report December 31, 2011

By
Real Estate Broker/Owner with Home Driven Realty, Inc

Laurelton, New York Real Estate Trends-Fourth Quarter Report December 31, 2011

Laurelton, New York Real Estate

Laurelton, New York 11413

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

Year

2008

2009

2010

2011

Period Covered

1/1/2008-12/31/2008

1/1/2009-12/31/2009

1/1/2010-12/31/2010

11/1/2011-12/31/2011

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 December  31, 2011 decreased from 55 in 2008 to 51 in 2011. The volume of Laurelton , New York Real Estate sales realized its biggest increase from 2008, when it was 55 to 2009 when it was 68. The home sales volume decreased from 2010 to 2011.

  Laurelton Graphs

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 4 in 2008 to 8 in 2011. The number of short sales increased from zero in 2008 to 8 in 2011.

   Laurelton Graphs

With total Laurelton, New York Real Estate sales of 51 for 2011, the 8 Laurelton, New York Real Estate foreclosure sale represents 15.7 % of total sales and the 8 Laurelton, New York Real Estate short sales represents 15.7 % 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 December 31, 2011 declined from $405,000 in 2008 to $330,000 in 2011 for a decrease of 18.5 %. The median sales price has been decreasing year to year from 2008 to 2011.

 Laurelton Graphs

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 $282,500 in 2008 to $243,500 in 2011. The Laurelton, New York Real Estate short sale median sales price decreased from $405,000 in 2009 to $229,500 in 2011.

 Laurelton Graphs 

 

 

Laurelton, New York Real Estate Days on Market Overview

The Laurelton, New York Real Estate days on market increased from 86 days in 2008 to 89 days in 2011.

 

 Laurelton Graphs

 

 In My Opinion

 

The Southeast Queens community of Laurelton experienced its first decline in the number of homes sales in 2011. The 2011 figure of 51 is also the lowest sales volume in the 2008-2011 4 year period. Laurelton has also experienced a decline year to year in median sales price from a high of $405,000 in 2008 to a low of $330,000 in 2011. The median sales price decline represents a 18.5% decline.

With distressed properties (Foreclosures and short sales) making up 31.4% of the homes sold indicates that this market may not have bottomed out. The decrease in the number and percentage of distressed sales as compared to 2009 and 2010 is a positive sign.

laurelton does have some great opportunities for the first time homebuyer and investor. Valuation research is very important to purchasing and selling in this market.

 

 

 

 

 


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Data Source: Multiple Listing Service of Long Island

Information deemed Relable but not Guaranteed.

All photos and written content were produced by Patrick White. All Rights Reserved. This content may not be reproduced or reprinted, except for Active Rain Re-blogging, without express written  permission of Patrick White, REALTOR®, Home Driven Realty, Inc., Baldwin, New York.

Patrick White, IMSD, e-Pro, RSPS, SFR, SRES, Realtor
Licensed Real Estate Broker

Certified HUD Foreclosure Broker

Home Driven Realty Inc
www.HomeDrivenRealty.com

mailto://Pat@HomeDrivenRealty.com

www.Facebook.com/HomeDrivenRealtyInc


Twitter http://twitter.com/#!/BaldwinLI

Mobile Telephone: 917 533-8475
Fax: 516 867-6476

  


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Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

Hi Patrick, always inerested in viewing figures, stats and  graphs on other communities...thanks for sharing with us.

Jan 04, 2012 06:50 PM
Patrick White
Home Driven Realty, Inc - Baldwin, NY
Driven to bring New Yorkers home

Good Morning Ronald

Thanks for the comments. Have a great day

Jan 04, 2012 06:53 PM
Stacey Johnson-Cosby
Reece & Nichols Realtors-Kansas City - Kansas City, MO
Selling Kansas City-Real Estate & City Blog

Hi Patrick, very nice and informative market report! I like the thought of being able to compare year by year as well as the type of sale (foreclosure, short sale, etc). You are answering the questions that consumers actually have! I just got a couple of ideas about producing my next market report, thank you! Great easy to read and understand charts, too. May your thoroughness be rewarded! : )

Jan 07, 2012 02:02 AM
Patrick White
Home Driven Realty, Inc - Baldwin, NY
Driven to bring New Yorkers home

Good Afternoon Sfacey

Thanks for the comments. Have a super New Year.

Jan 08, 2012 04:28 AM
Lee & Pamela St. Peter
Berkshire Hathaway HomeServices YSU Realty: (919) 645-2522 - Raleigh, NC
Making Connections to Success in Real Estate

Patrick, nice market report...  I too like reviewing the year over year stats.  Very telling of what the market is/has done with more scope!

All the best in your market in the New Year
Pamela

Jan 17, 2012 01:56 AM
Patrick White
Home Driven Realty, Inc - Baldwin, NY
Driven to bring New Yorkers home

Good Afternoon Pamela

Thanks for the comments. have a great day

Jan 17, 2012 07:37 AM
Florida Tolbert Team Keller Williams Advantage
Keller Williams Advantage III Realty in Lake Nona - Orlando, FL
Keller Williams Land Luxury Division Specialist

Dang, Patrick, you should have kept this news to yourself.  YOu are the first market report all month that has been nothing but bad news.  But you appear to be very accurate. Your area is still distressed.  The only one you could add is absorbsion rate.

Jan 20, 2012 01:24 PM
Patrick White
Home Driven Realty, Inc - Baldwin, NY
Driven to bring New Yorkers home

Good Evening Kevin

Thanks for the comments. The seeds of opportunity sometimes lie in what we may first think of as an unfortunate situation. Have a great 2012.

Jan 20, 2012 02:19 PM
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