Welcome to the NEW and IMPROVED Home Trends Market Report for homes in the Commack School District. This will be a monthly feature going forward (formerly a quarterly feature). The report will continue to provide statistical information, but you will now also be able to see exactly where each sold home is located, how much it was listed for, how much it sold for and how many days that it was on the market.
Since this is a monthly report, there will be a smaller sampling of homes. As such, there will be greater fluctuations in the averages then there was with the quarterly reports. This report is designed to give factual information about what is happening locally. If you are interested in finding out the market value for your particular home, you should consider having an actual market analysis done.
These reports are done by school district rather than town because school districts play a very important role in home prices on Long Island.
Below the actual data you will find an analysis of the real estate trends for homes in the Commack School District.
JANUARY 2008 HOME SALES
JANUARY 2007 HOME SALES
MARKET TREND ANALYSIS: Inventory increased slightly as there were more homes coming on the market and fewer closings in 2008 vs. 2007. Average sales price decreased, but this can be explained by the fact that Dix Hills homes in the Commack school district, and a high-end Commack home sold in 2007, while none closed in 2008 in January. The average percentage of list price improved slightly, as did days on the market. It is important to note that these trends are based on year-over-year statistics. As the year progresses, the statistics will show month-over-month trends as well.
CONCLUSION: It is a great time to be buying a home in the Commack School District. Interest rates are very low, and prices are reasonable. Inventory is up slightly, offering more choices. If you are selling your home, it is essential to be priced to sell (if you are serious about moving) because there is competition on the market.
About The AuthorAdam Waldman is a Long Island Residential Real Estate and Relocation Specialist that can assist you with the purchase and/or sale of real estate on Long Island or any place else in the country by connecting you with a relocation professional in your destination of choice. Many Long Islanders have chosen to relocate to other parts of the country, but often times they don't have anyone to turn to for assistance. Realizing that this was an underserved market, Adam Waldman has created a team of professionals throughout the country to ensure that relocating Long Islanders enjoy a smooth transition to their new area. These professionals are experts in the field of relocation and can serve many purposes beyond a simple home search. Please visit www.TheLIReloGuy.com for your relocation needs and www.AdamWaldman.com for your local needs.
Adam Waldman - RE/MAX Best - 631-357-2036 - adam@AdamWaldman.com
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Adam, Nice presentation of statistics for homeowners and buyers. These reports should help people understand the market in your area and see you as the expert.