Massapequa Long Island NY Housing Market Report
For The Month of December 2013
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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
The Highest Sold Price was $855,000 - Down from $989,000 last year
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
|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.
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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.