Roosevelt, New York Real Estate Trends Third Quarter Report September 30, 2011
Roosevelt, New York Real Estate
Roosevelt, New York
The Roosevelt, New York Real Estate Trends-Third Quarter Report September 30, 2011 covers Roosevelt, New York Real Estate market activity, year to year, for the 4 year period ended September 30, 2011.
The report focuses on the number of Roosevelt, 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 are as indicated in the following table.
|
Year |
2008 |
2009 |
2010 |
2011 |
|
Period Covered |
10/1/2007-9/30/2008 |
10/1/2008-9/30/2009 |
10/1/2009-9/30/2010 |
10/1/2010-9/30/2011 |
Roosevelt is located in The Town of Hempstead on the south shore of Nassau County, Long Island.
Roosevelt, New York Real Estate Number of Homes Sold
The total number of Roosevelt, New York Real Estate homes sold for the four year period ended September 30, 2011 increased from 66 in 2008 to 71 in 2011. The volume of Roosevelt , New York Real Estate sales realized its biggest decrease from 2010, when it was 106, to 2011, when it was 71.
A closer look at the type of sales over the four year period reveals an increase in the number of Roosevelt, New York Real Estate foreclosures and Roosevelt, New York Real Estate short sales. The number of foreclosures increased from 20 in 2008 to 22 in 2011. The number of short sales increased from 1 in 2008 to 13 in 2011.
With total Roosevelt, New York Real Estate sales of 71 for 2011, the 22 Roosevelt, New York Real Estate foreclosure sale represents 31 % of total sales and the 13 Rooseveltt, New York Real Estate short sales represents 18,3% of total sales.
Roosevelt, New York Real Estate Median Sales Price Overview
The median sales price of Roosevelt, New York Homes over the 4 year period ended September 30, 2011 declined from $273,000 in 2008 to $170,000 in 2011. This represented an overall decrease of 37.7%.
The growth in volume of Roosevelt, New York Real Estate foreclosures, short sales and the economic downturn have been elements in declining median sales prices. The median sales price of Roosevelt, New York Real Estate foreclosures decreased from $190,500 in 2008 to $136,000 in 2011. The Roosevelt, New York Real Estate short sale median sales price decreased from $318, 149 in 2008 to $125,000 in 2011.
Roosevelt, New York Real Estate Days on Market Overview
The Roosevelt, New York Real Estate days on market increased from 73 days in 2008 to 86 days in 2011.
View Larger Map
Comments (2)Subscribe to CommentsComment