Saint Albans New York Real Estate Trends Third Quarter Report September 30 2012

Saint Albans New York Real Estate Trends Third Quarter Report September 30 2012

Saint Albans, New York Real Estate

Saint Albans, New York 11412

The Saint Albans, New York Real Estate Trends-Third Quarter Report September 30, 2012 covers Saint Albans, 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 Saint Albans, 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 residential community of Saint Albans is located in the southeastern part of the Borough of Queens in New York City, NY. Saint Albans was part of a land grant to Dutch settlers from the Netherlands given by Governor Peter Stuyvesant in 1655.

Saint Albans, New York Real Estate Number of Homes Sold

The total number of Saint Albans, New York Real Estate homes sold for the four year period ended September 30, 2012 decreased from 116 in 2009 to 94 in 2012. The home sales volume decreased from 2010 to 2012.

A closer look at the type of sales over the four year period reveals a decrease in the number of Saint Albans, New York Real Estate foreclosures and an increase Saint Albans, New York Real Estate short sales. The number of foreclosures decreased from 43 in 2009 to 8 in 2012. The number of short sales increased from 9 in 2009 to 18 in 2012.

With total Saint Albans, New York Real Estate sales of 94 for 2012, the 8 Saint Albans, New York Real Estate foreclosure sale represents 8.5 % of total sales and the 18 Saint Albans, New York Real Estate short sales represents 19.1 % of total sales.

Saint Albans, New York Real Estate Median Sales Price Overview

The median sales price of Saint Albans, New York Homes over the 4 year period ended September 30, 2012 increased from $307,000 in 2009 to $311,000 in 2012.The median sales price incresaed from 2011 to 2012.

The increase in Saint Albans, New York Real Estate conventional and foreclosure median sales price are elements in increasing median sales prices. The median sales price of Saint Albans, New York Real Estate foreclosures increased from $240,000 in 2009 to $245,500 in 2012. The Saint Albans, New York Real Estate short sale median sales price decreased from $275,000 in 2009 to $223,000 in 2012.

Saint Albans, New York Real Estate Days on Market Overview

The Saint Albans, New York Real Estate days on market decreased from 82 days in 2009 to 80 days in 2012. The days on market increased from 70 in 2010 to 80 in 2012.

Data Source: Multiple Listing Service of Long Island