The following is the February 2008 Home Trends Market Report for the Hicksville 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 Hicksville 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 Hicksville School District.
This report is designed to give factual information about sales in the Hicksville 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 Hicksville School District.
FEBRUARY 2008 HOME SALES
FEBRUARY 2007 HOME SALES
MONTH-BY-MONTH / YEAR-OVER-YEAR COMPARISON
MONTH-BY-MONTH MARKET TREND ANALYSIS:
There was an increase in the monthly inventory, although average list price and average sold price increased as well. The ratio between list price and sold price deteriorated slightly, and the average days on market showed a marginal improvement.
YEAR-OVER-YEAR MARKET TREND ANALYSIS:
There was an increase in inventory over 2007. However, there was a noticeable improvement in list price and sold price. The ratio between list price and sold price deteriorated, but there was a vast improvement in average days on market.
CONCLUSION:
It's early in the year to determine a true market trend for homes in the Hicksville School District, but there are indicators that the trend is starting to point upwards. The inventory didn't grow by a large margin, but the prices have started to rise, indicating that the area may already be starting to rebound. In the coming months, the true market trend will be determined.
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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Hey Adam,
Wow you work in Hauppauge and reporting Hicksville! That is a big gap. The #'s look very similar to what is going on down here. Looks like we are still going through the correcting market.