Cambria Heights NY Homes for Sale
Cambria Heights, New York Real Estate
Cambria Heights, New York 11411
The Cambria Heights, New York Real Estate Trends-Third Quarter Report September 30, 2012 covers Cambria Heights, New York Real Estate market activity, year to year, for the 4 year period ended September 30, 2012.
The report focuses on the number of Cambria Heights, 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 |
2009 |
2010 |
2011 |
2012 |
|
Period Covered |
10/1/2008-9/30/2009 |
10/1/2009-9/30/2010 |
10/1/2010-9/30/2011 |
10/1/2011-9/30/2012 |
The residential community of Cambria Heights is located in the southeastern part of the Borough of Queens in New York City, NY.
Cambria Heights, New York Real Estate Number of Homes Sold
The total number of Cambria Heights, New York Real Estate homes sold for the four year period ended September 30, 2012 decreased from 65 in 2009 to 57 in 2012. The volume of Cambria Heights , New York Real Estate sales realized its biggest drop from 2010, when it was 75 to 2011, when it was 52. The home sales volume increased from 2011 to 2012.
A closer look at the type of sales over the four year period reveals a decrease in the number of Cambria Heights, New York Real Estate foreclosures and Cambria Heights, New York Real Estate short sales. The number of foreclosures decreased from 14 in 2009 to 5 in 2012. The number of short sales decreased from 8 in 2009 to 4 in 2012.
With total Cambria Heights, New York Real Estate sales of 57 for 2012, the 5 Cambria Heights, New York Real Estate foreclosure sale represents 8.7 % of total sales and the 4 Cambria Heights, New York Real Estate short sales represents 7 % of total sales.
Cambria Heights, New York Real Estate Median Sales Price Overview
The median sales price of Cambria Heights, New York Homes over the 4 year period ended September 30, 2012 increased from $345,000 in 2009 to $360,000 in 2012. The median sales price increased from 2011 to 2012.
The increase in Cambria Heights, New York Real Estate conventional median sales price has been the major element in overall median sales price increase. The median sales price of Cambria Heights, New York Real Estate foreclosures decreased from $265,000 in 2009 to $210, 000 in 2012. The Cambria Heights, New York Real Estate short sale median sales price decreased from $307,250 in 2009 to $260, 250 in 2012.
Cambria Heights, New York Real Estate Days on Market Overview
Days on Market can be considered to be the number of days a listing is active in a multiple listing service before it is entered in a pending contract status or actually goes into contract.
The Cambria Heights, New York Real Estate days on market increased from 65 days in 2009 to 93 days in 2012.
The dramatic increase in the Days om Market for Cambria Heights NY Short Sales from 87 in 2009 to 455 in 2012 has been a contributing factor in the overal 2012 Cambria Heights NY Median Days on Market.
Data Source: Multiple Listing Service of Long Island
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