Three Village School District Homes Market Trend Report - August 2008. This report shows a statistical comparison between the month of August 2008, the first and second quarter averages for the year, the month of July and a year-over-year comparison. This report provides information about homes sold in the Three Village School District including: location of homes, list price, sold price and days on market.
These 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 Three Village School District.
This report is designed to give factual information about sales in the Three Village School District. As is the case with many school districts on Long Island, the Three Village 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 Three Village School District.
AUGUST 2008 HOME SALES
AUGUST 2007 HOME SALES
MARKET TREND ANALYSIS:
All year long, home prices have shown strength in comparison to 2007 in the Three Village School District. This is the first month where a noticeable decline was evident. Since this area has a wide price range between starter homes and luxury homes, there is always the chance for large fluctuations in prices. The inventory numbers, while strong, were not nearly as impressive as 2007. The average days on market and ratio between sold price and list price is comparable to 2007.
One month does not make a trend. Overall, this area continues to show strength. It may just be that luxury homes didn't close for one reason or another, which caused a drag on the overall numbers. There are opportunities for buyers in all price ranges in the Three Village School District.
CONTACT: Adam Waldman, RE/MAX Best, 631-357-2036, email@example.com