Springfield Gardens, New York Real Estate Trends-Third Quarter Report September 30, 2012
Springfield Gardens, New York Real Estate
Springfield Gardens, New York 11413
The Springfield Gardens, New York Real Estate Trends-Third Quarter Report September 30, 2012 covers Springfield Gardens, New York Real Estate market activity, year to year, for the 4 year period ended September 30, 2012.
The report focuses on the number of Springfield Gardens, 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 |
2009 |
2010 |
2011 |
2012 |
|
Period Covered |
10/1/2008-9/30/2009 |
10/1/2009-9/30/2010 |
10/1/2010-9/30/2011 |
10/1/2011-9/30/2012 |
The residential community of Springfield Gardens is located in the southeastern part of the Borough of Queens in New York City, NY. Springfield Gardens is bounded to the north by Saint Albans, to the east by Laurelton and Rosedale, to the south by John F. Kennedy International Airport, and to the west by Farmers Boulevard.
The area was settled by the Dutch in the 1660s and was farmed until the mid nineteenth century.
Springfield Gardens, New York Real Estate Number of Homes Sold
The total number of Springfield Gardens, New York Real Estate homes sold for the four year period ended September 30, 2012 decreased from 82 in 2009 to 171 in 2012. The home sales volume decreased from 2010 and 2012.
A closer look at the type of sales over the four year period reveals a decrease in the number of Springfield Gardens, New York Real Estate foreclosures and increase in Springfield Gardens, New York Real Estate short sales. The number of foreclosures decreased from 33 in 2009 to 7 in 2012. The number of short sales increased from 6 in 2009 to 14 in 2012.
With total Springfield Gardens, New York Real Estate sales of 71 for 2012, the 7 Springfield Gardens, New York Real Estate foreclosure sale represents 9.9 % of total sales and the 14 Springfield Gardens, New York Real Estate short sales represents 19.7 % of total sales.
Springfield Gardens, New York Real Estate Median Sales Price Overview
The median sales price of Springfield Gardens, New York Homes over the 4 year period ended September 30, 2012 declined from $326, 500 in 2009 to $320,000 in 2012. The median sales price has been flat year to year from 2011 to 2012.
The decline in volume and median sales price of Springfield Gardens, New York Real Estate foreclosures, decline in short sale median sales price and increase in conventional sales median sales price are elements in the flat overall median sales price. The median sales price of Springfield Gardens, New York Real Estate foreclosures decreased from $260,000 in 2009 to $230.000 in 2012. The Springfield Gardens, New York Real Estate short sale median sales price decreased from $337, 500 in 2009 to $214,000 in 2012.
Springfield Gardens, New York Real Estate Days on Market Overview
The Springfield Gardens, New York Real Estate days on market increased from 70 days in 2009 to 76 days in 2012.
Data Source: Multiple Listing Service of Long Island
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