Bethpage School District Homes Market Trend Report - May 2008. This report shows a statisical comparison between the first quarter averages and the months of April and May for 2008, in addition to a year-over-year comparison. This report provides information about homes sold in the 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 Bethpage 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 Bethpage School District.
This report is designed to give factual information about sales in the 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 Bethpage School District.
MAY 2008 HOME SALES
MAY 2007 HOME SALES
YEAR-OVER-YEAR COMPARISONS
MARKET TREND ANALYSIS:
The May numbers showed improvement over both the April numbers and the first quarter averages for list price, sold price and ratio of sold price to list price. There were more closings in the month as well. The numbers compared to May of 2007 are all lower, with the exception of the average days on market.
CONCLUSION:
Based on the year-over-year comparison, it would appear that the market is declining, however based on the current year, the trends are pointing upwards. The Bethpage School District is not an area with high inventory. Homebuyers can still get more house for their money in 2008 than in 2007, but the numbers may already be starting to climb.
About The AuthorAdam Waldman is a Long Island Residential Real Estate Professional that can assist you with the purchase and/or sale of real estate on Long Island, from bank owned homes to new construction to waterfront property, and everything in between. Adam is also a Relocation Specialist that has created a network of real estate professionals throughout the country in an effort to assist relocating Long Islanders in their transition to new areas. 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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