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Have Babylon Village Home Prices Gone Up or Down?

By
Real Estate Agent with Douglas Elliman Real Estate in Babylon NY

Have Babylon Village Home Prices Gone Up or Down?have babylon village home prices gone up or down?

Babylon Village home prices are stable. The median sold price for September went down slightly compared to 2013. 2014 is not over and check back in January 2015 when I will have final numbers.

As you can see in the market report chart below for Babylon Village, we are above the numbers in 2003 but below the market boom that was in 2007. Since the banks gave out mortgages like candy, it will be many more years until we see a median sold price for Babylon Village be at $500,000.

The $700,000+ housing market in Babylon Village is going strong. Buyers are taking advantage of the low mortgage rates since there is talk about the rates going up in 2015. Of course, that remains to be seen.

Call Jackie 631.703.0201 to find out what your Babylon Village home is worth. It is free and there is never any obligation.

 

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Have Babylon Village Home Prices Gone Up or Down?

Comments (5)

Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Ebb and flow, ya know? If we want to get ahead no matter the market, we have to look at how we CAN be successful rather than how it's a bad economy. Go for wisdom.

Oct 12, 2014 04:43 PM
Roger D. Mucci
Shaken...with a Twist 216.633.2092 - Euclid, OH
Lets shake things up at your home today!

Real estate.....the ever changing business.  Hard to say what's going to happen in 2015 anywhere.

Oct 12, 2014 09:43 PM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Good morning Jackie Connelly-Fornuff this is a good birds eye view of your market for buyers and sellers.... everything comes back....all it takes is time...

Oct 12, 2014 10:25 PM
Jackie Connelly-Fornuff
Douglas Elliman Real Estate in Babylon NY - Babylon, NY
"Moving at The Speed of YOU!"

Hi Roger, You got that right Roger!

Hi Barbara, what comes down, will go up.....eventually.

Oct 13, 2014 12:31 AM
Jackie Connelly-Fornuff
Douglas Elliman Real Estate in Babylon NY - Babylon, NY
"Moving at The Speed of YOU!"

Hi Laura, I couldn't agree with you more!

Oct 13, 2014 12:31 AM