Babylon NY Real Estate Market Analysis For Week Ending 10/17/10
1 home in Babylon NY on Cadman Avenue was listed last week for $439,000. It has 4 bedrooms and 2.5 baths. Property taxes are $8,868.00. There were no short sales or REO properties listed in Babylon NY last week. Those are very far and few between thank goodness!
1 home went Under Contract last week on S. Bay Drive. It is a waterfront property and on the market for 221 days. And is in the West Babylon School District. Original listing price was $529,000 then a price reduction of $459,000 and another price reduction for $439.000. Because it's Under Contract I do not know what the selling price is until it closes. All I know is that it was priced too high in the beginning and when that happens, homes just languish on the market and you end up getting less than if you price at market value to begin with. It's my job to guide about market value so you don't lose money in the end.
3 homes in Babylon NY closed last week. The average stats are in the chart below:
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Babylon NY Real Estate Market Activity Report For Week Ending 10/10/10
If you have been thinking about selling your Babylon NY home, please call me today for a no-obligation, free comparable home analysis at (631) 703-0201
Have an awesome week!