Massapequa Long Island NY Housing Market
For The Month of February 2014
View 240 Massapequa Homes For Sale Up From 249 In January
View 50 Massapequa Park Homes For Sale Down From 54 In January
To view 8 buying your home now tips Click Here.
In the month of February 36 Homes Sold in Massapequa 11758 & 11762 - Down from 40 Homes Sold in Massapequa in January
The Lowest Sold Price was $200,000 - Down from $225,000 in January
This home was a short sale in SD 6
The Highest Sold Price was $975,000 - Up from $785,000 In January
This home was custom built after the purchase
The Median Sold Price Was $411,000 - Down from $415,000 in January
The Median Property Taxes were $11,703 - Up $11,154 in January
The Average Days on the market were 93 - Up from 73 in January
Statistics
Listing Price | 35 | $465,710 | $424,900 | $449,000 | $219,990 | $975,000 |
Original Price | 35 | $483,482 | $449,000 | $449,000 | $249,000 | $975,000 |
Sold Price | 35 | $446,144 | $411,000 | $355,000 | $200,000 | $975,000 |
% Difference | 35 | 4.76 | 3.3 | 0 | 0 | 29.1 |
Taxes | 33 | $11,802 | $11,703 | $7,758 | $7,758 | 16264.72 |
Bedrooms | 35 | 3.9 | 4 | 4 | 3 | 6 |
Baths | 35 | 2.3 | 2 | 2 | 1 | 3.5 |
Days On Market | 34 | 94 | 74.5 | 29 | 7 | 361 |
The above sales report covers the entire Massapequa area (11758 and 11762) and all MLS participating brokers.
If you're home is currently on the market this report makes it is apparent that the supply remains much greater than the demand which necessitates pricing your home competitively to compete with the vast number of other homes on the market.
Sellers should note that pricing is stable, not rising but no longer falling. However rates are rising as are property taxes which certainly will have a negative effect on Long Island home values as we move forward. As property taxes rise property values must fall. It is critical that all homeowners pay attention to their property taxes and grieve them when their accessed value is higher than their market value. Contact us for a free market evaluation to determine if your property is over accessed. Click here for a free on-line evaluation.
Buyers should note that higher interest rates as well as rising property taxes will have a negative effect on their approved loan amount. Click here for a free pre-approval. If you are serious about buying a home on Long Island buy sooner rather than later.
If you are thinking of putting your home on the market please contact us for a free no obligation consultation.
To view 5 things sellers much require of a real estate agent Click Here.
If you are in the market to buy a home on Long Island please contact us to assist you with your purchase as we have done for home-buyers since 1984.
If you are interested in receiving an all cash offer for your house please contact us.
View 22,805 Nassau & Suffolk County Homes for Sale
Massapequa Housing Market Report December 2013
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