Baldwin Harbor, New York Real Estate Trends-Second Quarter Report June 30 2012

Baldwin Harbor, New York Real Estate Trends-Second Quarter Report June 30 2012

 Baldwin Harbor, New York Real Estate

Baldwin Harbor, New York 11510

The Baldwin Harbor, New York Real Estate Trends-Second Quarter June 30, 2012 covers Baldwin Harbor, New York real estate market activity, year to year, for the 4 year period ended June 30, 2012.

The report focuses on the number of Baldwin Harbor, 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. 

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 Harbor, New York Real Estate Number of Homes Sold

The total number of Baldwin Harbor, New York Real Estate homes sold for the four year period ended June 30, 2012 declined  from 42 in 2009 to 35 in 2012. The volume of Baldwin Harbor, New York Real Estate sales  increased from 42 in 2009 to 56 in 2010. The Baldwin Harbor NY Real Estate maket was spurred in 2010 by the 2010 First Time Home Buyer Credit deadline. This was followed by decreasing sales year to year  from 56 in 2010 to 35 in 2012.

A closer look at the type of sales over the four year period reveals an decrease in the number of Baldwin Harbor, New York Real Estate foreclosures from 3 in 2009  to 0 in 2012. Baldwin Harbor, New York Real Estate short sales were 2 in 2009 and 2012.

 Baldwin Harbor, New York Real Estate Median Sales Price Overview

The median sales price of Baldwin Harbor, New York Homes over the 4 year period ended June 30, 2012 declined from $437,500 in 2009 to 380,000 in 2012 for a decrease of 13.1 %.

The decrease in median sales price of Baldwin Harbor, New York Real Estate foreclosures, Baldwin Harbor New York Real Estate short sales and the modest  economic recovery have been elements in declining Baldwin Harbor NEw York median sales prices. The median sales price of Baldwin Harbor, New York Real Estate foreclosures decreased from $325,000 in 2009 to $0 in 2012. The Baldwin Harbor, New York Real Estate short sale median sales price decreased from $396,100 in 2009 to $362,500 in 2012.

 Baldwin Harbor, New York Real Estate Days on Market Overview

The Baldwin Harbor, New York Real Estate days on market decreased from 125.5 days in 2009 to 83 days in 2011. The Baldwin Harbor NY days on market increased from 83 1n 2011 to 126 in 2012. 

Baldwin Harbor NY Days on market by listing type increaded from 46 in 2009 to 294 in 2011, with no foreclosures in 2012. Baldwin Harbor NY short sales  days on market increased from 70 in 2009 to 414 in 2011. Baldwin Harbor NY short sale days on market decreased from 414 in 2011 to 122.5 in 2012.

Data Source: Multiple Listing Service of Long Island