The following is the February 2008 Home Trends Market Report for the Plainview-Old Bethpage School District. For the first time ever, this report will show month-by-month comparisons, in addition to year-over-year market trends. This report provides statistical information about homes sold in the Plainview Old-Bethpage School District including: location of homes, list price, sold price and days on market.
It is important to note that monthly reports provide a relatively small sampling of homes which often times results in extreme fluctuations that may or may not be indicative of the market trend for the Plainview-Old Bethpage School District.
This report is designed to give factual information about sales in the Plainview-Old Bethpage School District. 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 Plainview-Old Bethpage School District.
FEBRUARY 2008 HOME SALES
FEBRUARY 2007 HOME SALES
MONTH-BY-MONTH / YEAR-OVER-YEAR COMPARISON
MONTH-BY-MONTH MARKET TREND ANALYSIS:
Inventory increased at a slower rate, List price declined slightly, but sold price dropped noticeably, which resulted in a drop in the ratio between list price and sold price. The average days on market remained relatively flat.
YEAR-OVER-YEAR MARKET TREND ANALYSIS:
While inventory showed a slight increase, the average list price and sold price did improve. The ratio of list price to sold price improved slightly, and there was a small increase in average days on market.
CONCLUSION:
It is early in the year, and the trend for home sales in the Plainview-Old Bethpage remains to be seen once there is more data. While there was a decline since last month, there was improvement compared to 2007.
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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