North Baldwin, New York Real Estate Trends-Second Quarter June 30, 2012

North Baldwin, New York Real Estate Trends-Second Quarter June 30, 2012

North Baldwin, New York Real Estate

North Baldwin, New York 11510

The North Baldwin, New York Real Estate Trends-Second Quarter June 30, 2012 covers North Baldwin, New York Real Estate market activity, year to year, for the 4 year period ended June 30, 2012.

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 June 30, 2012 increased  from 20 in 2009 to 32 in 2012.The largest increase in Baldwin NY home sales was from 20 in 2009 to 41 in 2010. 2010 sales were spurred by the 2010 First Time Home Buyer Credit deadline. The volume of North Baldwin, New York Real Estate sales increased from 2011 to 2012.

A closer look at the type of sales over the four year period reveals that the number of North Baldwin, New York Real Estate foreclosures decreased from 10 in 2009 to 8 in 2012. North Baldwin, New York Real Estate short sales increased from 3 in 2009 to 8 in 2012.

With total North Baldwin, New York Real Estate sales of 32 for 2012, the 8 North Baldwin, New York Real Estate foreclosure sales represents 25 % of total  sales and the 8 North Baldwin, New York Real Estate short sales represents 25 % 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 June 30, 2012 increased  from $275,000 in 2009 to $290,000 in 2011. The median sales price has decreased from $290,00 in 2011 to 277,138 in 2012.

The slight decrease 1n median sales price of North Baldwin, New York Real Estate foreclosures, decrease in North Baldwin Real Estate short sale median sale price and a gradual economic recovery have been elements in a modest increase in median sales prices. The median sales price of North Baldwin, New York Real Estate foreclosures  1ncreased from $223,150 in 2009 to $256,250 in 2011, followed by a decrease to $221,000 in 2012.  The North Baldwin, New York Real Estate short sale median sales price increased from $280,000 in 2009 to $284,500 in 2010, followed by declines from $284,500 in 2010 to $247,500 in 2012.

North Baldwin, New York Real Estate Days on Market Overview

The North Baldwin, New York Real Estate days on market decreased from 101.5 days in 2009 to 96 days in 2012. Year to year the number of days on market decreased from 101.5 in 2009 to 69 in 2011. The days on market index saw a marked increase from 69 days in 2011 to 96 days in 2012.

The North Baldwin NY Median Days on Market by Listing Type indicates that the days on market index for foreclosures increased year to year from 42.5 in 2009 to 95 in 2011, followed by a decrease to 85 in 2012. The North Baldwin NY Median Days on market index for short sales  increased year to year from 55 in 2009 to 266 in 2011, followed by a decrease to 82 in 2012. 

Data Source: Multiple Listing Service of Long Island