Nassau County Short Sale Market Report 4th Quarter (Oct, Nov, Dec) 2009

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

Nassau County Short Sale Market Report
4th Quarter (Oct, Nov, Dec) 2009

Over 500 Short Sale homes were placed on the market in Nassau County, NY during this period.

Average Listing Price: $776,880
Taxes: $11,520

Low Listing Price: $155,000
Taxes: $3,453

High Listing Price: $10,000,000
Taxes: $85,000

Nassau County Short Sale Homes Under Contract for the 4th Quarter (Oct, Nov, Dec) 2009

Over 500 Homes went under contract in Nassau County, NY during this period.

Average Listing Price: $553,976
Original Listing Price: $592,537
Taxes: $10,396

Low Listing Price: $90,000
Original Listing Price: $46,500
Taxes: $2,783

High Listing Price: $3,750,000
Original Listing Price: $4,150,000
Taxes: $59,045.82

Nassau County Short Sale Homes That Sold for the 4th Quarter (Oct, Nov, Dec) 2009

Over 500 Homes Closed in Nassau County, NY during this period.

Average Listing Price: $444,923
Original Listing Price: $468,205
Sold Price: $419,529
% Difference: 5.24
Taxes: $9,320

Low Listing Price: $110,000
Original Listing Price: $123,500
Sold Price: $95,000
% Difference: -20.3
Taxes: $1,926

High Listing Price: $2,599,000
Original Listing Price: $2,999,000
Sold Price: $2,260,000
% Difference: 38.1
Taxes: 38051.31

The chart below represents the number of short sale homes that closed for the following towns:

Albertson 14
Atlantic Beach 7
Baldwin 51
Baldwin Harbor 14
Bayville 14
Bellerose Terr 1
Bellerose Vill 1
Bellmore 23
Bethpage 46
Brookville 4
Carle Place 3
Cedarhurst 14
E. Rockaway 23
E. Williston 7
East Hills 10
East Meadow 80
East Norwich 6
Elmont 85
Farmingdale 44
Floral Park 39
Franklin Square 13
Great Neck 1


Comments (2)

Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

Jackie:  Looks like the average prices in Naasau County are much higher than I'm used to dealing with.  I'm doing a lot of business in the $300,000 and below price range.

Feb 16, 2010 02:31 PM
Leesa Finley
RED Properties - Wake Forest, NC
RED Properties - Raleigh NC Real Estate

Very impressive Market Report, Jackie!  We have a high number of short sales in this area as well - sign of the times, for sure.

 

Feb 16, 2010 10:08 PM