Bethpage School District Homes Market Trend Report - August 2008. This report shows a statistical comparison between the month of August 2008, the first and second quarter averages for the year, July 2008 and a year-over-year comparison. This report provides information about homes sold in the Bethpage 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 Bethpage School District.
This report is designed to give factual information about sales in the Bethpage School District. Please remember that 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 Bethpage School District.
AUGUST 2008 HOME SALES
AUGUST 2007 HOME SALES
YEAR-OVER-YEAR COMPARISONS
MARKET TREND ANALYSIS:
Home prices in the Bethpage School District are lower than they were in 2007, but they have stabilized during the course of 2008. There is a limited amount of inventory to choose from, which helps to keep prices from having a significant drop. A high percentage of the homes that sold this month were on the market for a fairly long time by way of comparison to earlier in the year or last year. This can likely be attributed to homebuyers that were trying to wait out the market, but decided to make their purchase in time for the new school year.
CONCLUSION:
Home sellers do not have a lot of competition in the area, especially in comparison to surrounding areas. However, there is also a smaller buyer pool to choose from, and price is definitely a factor for homebuyers that are looking to move into the area. This is especially true of first-time homebuyers.
CONTACT: Adam Waldman, RE/MAX Best, 631-357-2036, adam@adamwaldman.com
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