Baldwin New York Real Estate Trends-Third Quarter Report, September 30 2010

Baldwin New York Real Estate Trends-Third Quarter Report, September 30 2010

Baldwin, New York Real Estate

Baldwin, New York 11510

The Baldwin, New York Real Estate Trends-Third Quarter Report, September30, 2010 covers Baldwin, New York real estate market activity, year to year, for the 4 year period ended September 30, 2010.

The report focuses on the number of Baldwin, New York Real Estate homes sold, the median sales price and median days on market with particular attention to foreclosure and short sale data. For the years indicated the periods covered appear in the following table. 

The hamlets of Baldwin and Baldwin Harbor are located in The Town of Hempstead on the south shore of Nassau County, Long Island. The two hamlets share the same zip code and school district-the Baldwin Union Free School District. North Baldwin is part of the hamlet of Baldwin. For the purposes of this report, the North Baldwin section of Baldwin will be analyzed separately. Residents consider themselves part of the same community, Baldwin.

Baldwin, New York Real Estate Number of Homes Sold

The total number of Baldwin, New York Real Estate homes sold for the four year period ended September 30, 2010 declined  from 239 in 2007 to 164 in 2010. This represents a 31.4 % decrease in sales volume. The volume of Baldwin, New York Real Estate sales has been increasing year to year from 2008 to 2010.

A closer look at the type of sales over the four year period reveals an increase in the number of Baldwin, New York Real Estate foreclosures and Baldwin, New York Real Estate short sales. The number of foreclosures increased from 3 in 2007 to 16 in 2010. The number of short sales increased from zero in 2007 to 10 in 2010.

With total Baldwin, New York Real Estate sales of 164 for 2010, the 16 Baldwin, New York foreclosure sales represents 9.8% of total sales and the 10 Baldwin, New York short sales represents 6.1% of total sales. 

Baldwin, New York Real Estate Median Sales Price Overview

The median sales price of Baldwin, New York Homes over the 4 year period ended September 30, 2010 declined from $432,000 in 2007 to 353,000 in 2010 for a decrease of 18.3%. The median sales price has been decreasing year to year from 2007 to 2010.

The growth in volume of Baldwin, New York Real Estate foreclosures, short sales and the economic downturn have been elements in declining median sales prices. The median sales price of Baldwin, New York Real Estate foreclosures declined from $334, 750 in 2007 to $263,500 in 2010. The first Baldwin, New York Real Estate short sale sold data was available in 2008. The Baldwin, New York Real Estate short sale median sales price declined from $432,00 in 2008 to $320,000 in 2010. 

Baldwin, New York Real Estate Days on Market Overview

The Baldwin, New York Real Estate days on market decreased from 87 days in 2007 to 82 days in 2010. Year to year the number of days on market has decreased from 106 days in 2008 to 82 days in 2010

 Data Source: Multiple Listing Service of Long Island