Half Hollow Hills School District Homes Market Trend Report - April 2008.  This report shows a statisical comparison between the first quarter averages and the month of April for 2008, in addition to a year-over-year comparison.  This report provides information about homes sold in the Half Hollow Hills 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 Half Hollow Hills School District.  The quarterly market trend has more data, and as such, gives a more accurate look at the current market trend.  However, it should be noted that the market data is still relatively small and subject to extreme fluctuations based on sales that are atypical of the rest of the sales in the Half Hollow Hills School District. 

This report is designed to give factual information about sales in the Half Hollow Hills School District.  As is the case with many school districts on Long Island, the Half Hollow Hills School District has a very broad spectrum of home prices (starter, mid-level, luxury), and the value of individual homes cannot be determined by evaluating broad market trends.  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 Half Hollow Hills School District.

APRIL 2008 HOME SALES

APRIL 2007 HOME SALES

YEAR-OVER-YEAR COMPARISONS 

MARKET TREND ANALYSIS: 

While it appears that the market trended down in the Half Hollow Hills School District in April, the sample size was fairly small, and the sale of one home in Wheatley Heights for under $300,000 (which is highly unusual for the area) dragged down the average prices by a noticeable amount.  All of the other numbers indicate a relatively flat market in comparison to the first quarter of 2008, and not really much different than April of 2007.  The average days on market increased, but this can be attributed to one particular home that was on the market for 493 days (significantly higher than the average).

CONCLUSION:

A relatively small sample size of data, combined with the fact that the market in the Half Hollow Hills School District features starter homes and luxury homes, makes analyzing the trend more of a challenge.  The inventory has risen at approximately the same rate as the first quarter of this year, and only slightly more than April of 2007.

However, this is a fairly large market, and there is enough competition out there for buyers to choose from.  Home sellers in the area would be wise to price their homes to sell against the competition, or risk having their home languish on the market.  There are still homes selling relatively quickly (when properly priced).

Homebuyers will likely appreciate the opportunity to find homes in the area that may have previously been out of their price range.