North Baldwin, New York Real Estate Trends-Fourth Quarter December 31, 2011

North Baldwin, New York Real Estate Trends-Fourth Quarter December 31, 2011

North Baldwin, New York Real Estate

North Baldwin, New York 11510

The North Baldwin, New York Real Estate Trends-Fourth Quarter December  31, 2011 covers North Baldwin, 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 Norh Baldwin, 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 hamlets of Baldwin and Baldwin Harbor are located in The Town of Hempstead on the south shore of Nassau County, Long Island. The two hamlets share the same zip code and school district-the Baldwin Union Free School District. North Baldwin is part of the hamlet of Baldwin. For the purposes of this report, the North Baldwin section of Baldwin will be analyzed separately. Residents consider themselves part of the same community, Baldwin.

North Baldwin, New York Real Estate Number of Homes Sold

The total number of North Baldwin, New York Real Estate homes sold for the four year period ended December 31, 2011 increased  from 13 in 2008 to 29 in 2011. Baldwin NY home sales increased from 13 in 2008 to 33 to 2009.  The volume of North Baldwin , New York Real Estate sales has decreased year to year from 2009 to 2011.

A closer look at the type of sales over the four year period reveals an increase in the number of North Baldwin, New York Real Estate foreclosures and North Baldwin, New York Real Estate short sales. The number of foreclosures increased from 5 in 2008 to 8 in 2011. The number of short sales increased from zero in 2008 to 7 in 2011.

With total North Baldwin, New York Real Estate sales of 29 for 2011, the 8 North Baldwin, New York Real Estate foreclosure sale represents 27.6% of total  sales and the 7 North Baldwin, New York Real Estate short sales represents 24.1 % of total sales. 

North Baldwin, New York Real Estate Median Sales Price Overview

The median sales price of North Baldwin, New York Homes over the 4 year period ended December 31, 2011 declined from $350,000 in 2008 to $284,900 in 2011 for a decrease of 18.6%. The median sales price has been decreasing year to year from 2010 to 2011.

The growth in volume of North Baldwin, New York Real Estate foreclosures, short sales and the economic downturn have been elements in declining median sales prices. The median sales price of North Baldwin, New York Real Estate foreclosures  decreased from $345,000 in 2008 to $256,250 in 2011.  The North Baldwin, New York Real Estate short sale median sales price decreased from $280,000 in 2010 to $264,500 in 2011.

North Baldwin, New York Real Estate Days on Market Overview

The North Baldwin, New York Real Estate days on market decreased from 98 days in 2008 to 95 days in 2011. Year to year the number of days on market decreased from 98 in 2008 to 63 in 2010. The days on market increased from 63 days in 2010 to 95 days in 2011.

Data Source: Multiple Listing Service of Long Island