Massapequa Housing Market

By
Home Builder with Long Island Cash Home Buyer
https://activerain.com/droplet/49sh

Massapequa Long Island NY Housing Market Report

Massapequa Housing Market

For The  Month of December 2013

    View  Massapequa Homes For Sale Click Here.

View Massapequa Park Homes For Sale Click Here

  To view 8 buying your home now tips Click Here.

       In the month of December 43 Homes Sold in Massapequa 11758 & 11762 - Down from 46 Homes Sold in Massapequa last Year

      The Lowest Sold Price was $134,000 - Down from $240,000 last year

  Massapequa Sold Homes

  The Highest Sold Price was $855,000 - Down from $989,000 last year

  Massapequa House Sold

  The Median Sold Price Was $385,000 - Down from $406,000 last year

   The Median Property Taxes were $10,269 - Up $10,430 from last year

   The Average Days on the market were 72 - Down from 74 last year

Statistics

FieldCountMean(Average)MedianModeLowHigh

Listing Price 43 $420,159 $410,000 $309,000 $159,990 $875,000
Original Price 43 $434,679 $425,000 $499,000 $159,990 $875,000
Sold Price 43 $399,939 $385,000 $312,000 $134,000 $855,000
% Difference 43 5.52 3.1 3.2 -1.4 42.9
Taxes 42 $10,590 $10,269 10223.5 $6,952 19196.24
Bedrooms 43 3.5 3 3 1 6
Baths 42 2 2 2 1 4
Days On Market 43 119 72 19 13 595

The above sales report covers the entire Massapequa area (11758 and 11762) and all MLS  participating brokers.

  If you're home is currently on the market this report makes it is apparent that the  supply is still much greater than the demand which necessitates pricing your home competitively to compete with the vast number of other homes on the market. 

Sellers should note that pricing is stable, not rising but no longer falling. However rates are rising as are property taxes which certainly will have a negative effect on Long Island home values as we move forward. As property taxes rise property values must fall. It is critical that all homeowners pay attention to their property taxes and grieve them when their accessed value is higher than their market value. Contact us for a free market evaluation to determine if your property is over accessed. Click here for a free on-line evaluation.

Buyers should note that higher interest rates as well as rising property taxes will have a negative effect on their approved loan amount.  Click here for a free pre-approval. If you are serious about buying a home on Long Island buy sooner rather than later.

  If you are thinking of putting your home on the market please contact us for a free no obligation consultation.

 To view 5 things sellers much require of a real estate agent Click Here.

 If you are in the market to buy a home on Long Island please contact us to assist you with your purchase as we have done for home-buyers since 1984.

 To view Nassau & Suffolk County Homes for Sale Click Here.

 

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Topic:
Real Estate Market Trends
Location:
New York Nassau County
Groups:
Massapequa NY Community Information
Market Reports
Advice for Sellers
ActiveRain Challenges
Tags:
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massapequa housing market
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Rainmaker
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Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

I would say, you know your market, just like breathing. Buyers and sellers in your area are fortunate to have you available to represent them. Well done!

Jan 15, 2014 10:06 AM #1
Ambassador
1,609,932
Florida Tolbert Team Keller Williams Advantage
Keller Williams Advantage III Realty in Lake Nona - Orlando, FL
Keller Williams Land Division Specialist

Sounds like you may just be washing out some straggling distressed homes and once gone you should only go one direction nad thats straight up so BUYERS NOW IS THE TIME to call Beth and Richard Witt.

Jan 15, 2014 11:29 AM #2
Rainmaker
5,584,659
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is very good information for prospective home buyers that need to be well prepared for the current market conditions.

Jan 15, 2014 07:59 PM #3
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Rainmaker
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Beth and Richard Witt

Long Island Cash Home Buyer 516-330-6940
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