Jericho District Homes Market Trend Report - July 2008. This report shows a statistical comparison between the month of July 2008 and the first and second quarter averages for the year, in addition to a year-over-year comparison. This report provides information about homes sold in the Jericho School District including: location of homes, list price, sold price and days on market.
These monthly reports provide a relatively small sampling of homes, which often times results in extreme fluctuations that may or may not be indicative of the market trend for the Jericho School District.
This report is designed to give factual information about sales in the Jericho School District. As is the case with many school districts on Long Island, the Jericho School District has a very broad spectrum of home prices (starter, mid-level, luxury), and the value of individual homes cannot be determined by evaluating broad market trends. If you are interested in finding out the market value for your particular home, you should consider having an actual market analysis done.
These reports are done by school district rather than town because school districts play a very important role in home prices on Long Island.
Below the actual data you will find an analysis of the real estate trends for homes in the Jericho School District.
JULY 2008 HOME SALES
JULY 2007 HOME SALES
YEAR-OVER-YEAR COMPARISONS
MARKET TREND ANALYSIS:
As is often the case in the Jericho School District, the most value from this report is gained by looking at the individual home sales for the month. Since the amount of transactions was relatively low, and there were more homes sold at the lower end of the market than the luxury homes, the numbers are trending down. However, next month the numbers could very easily climb right back up if there are a few luxury home sales.
CONTACT: Adam Waldman, RE/MAX Best, 631-357-2036, adam@adamwaldman.com
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