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Three Village School 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 Three Village 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 Three Village School District.

This report is designed to give factual information about sales in the Three Village School District.  As is the case with many school districts on Long Island, the Three Village 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 Three Village School District.

JULY 2008 HOME SALES

JULY 2007 HOME SALES

YEAR-OVER-YEAR COMPARISONS 

MARKET TREND ANALYSIS: 

While a $3.7 million home sale this July has boosted the numbers, it should be noted that the sales prices have shown strength in 2008 in the Three Village School District.  This month's numbers were not only an improvement over last July, but also over the averages for the earlier part of the year.  The most significant number to note is the amount of closings in comparison to the new listings.

CONCLUSION: 

There is still a diverse selection of homes in the Three Village School District, but homes are selling, prices have been rising and inventory is improving.  The days on market average was a drop-off from July of 2007, but the numbers are in line with the rest of this year.  The pendulum hasn't swung all the way back to the sellers, but any buyer that is looking to get into the area should not continue to wait for a market "bottom" because the current trend shows that it may have already come.  Whether or not the market has bottomed out is not going to change the fact that there is competition out there, and the homebuyers that are motivated to sell, will need to price their homes accordingly.

Smithtown School 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 Smithtown 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 Smithtown School District.

This report is designed to give factual information about sales in the Smithtown School District.  As is the case with many school districts on Long Island, the Smithtown 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 Smithtown School District.

JULY 2008 HOME SALES

JULY 2007 HOME SALES

YEAR-OVER-YEAR COMPARISONS 

MARKET TREND ANALYSIS: 

Despite the fact that the numbers are drastically lower than July of 2007, there are positive signs for the prices in the Smithtown School District.  The disparity between the average sale and list prices from last July to this July is directly attributable to the fact that there was a home sold for $11 million last year in July.  This one sale heavily skewed the market data.

CONCLUSION: 

There is still an increase of inventory happening in the Smithtown School District, however, the prices have continued to edge up a bit all year long.  The average days on market has shown some improvement, and the gap between closings and new listings narrowed by a slight margin in comparison to the first two quarters of this year.  Homeowners that are motivated to sell their homes should take into account the fact that there is a lot of competition in the area, and should price accordingly.  Homebuyers should realize that there are homes that are priced to sell, so it is not a good idea to take a "wait-and-see" approach if you find the home that you really want.  Some homes are still selling within a matter of weeks.

Kings Park School 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 Kings Park 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 Kings Park School District.

This report is designed to give factual information about sales in the Kings Park School District.  As is the case with many school districts on Long Island, the Kings Park 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 Kings Park School District.

JULY 2008 HOME SALES

JULY 2007 HOME SALES

YEAR-OVER-YEAR COMPARISONS 

MARKET TREND ANALYSIS: 

The numbers for July were better than the first quarter averages, but lower than the second quarter averages.  This is usually due to the fact that there are a limited number of closings each month, and the numbers can be skewed by high-end home sales and/or starter home sales.  This month, a number of homes sold for below $400k, whereas last July, a home sold for nearly $2 million. 

CONCLUSION: 

Overall, the numbers are comparable to the rest of the year.  One of the more promising numbers was the average days on market.  In a buyer's market, home sales tend to take longer, but the average days on market for the Kings Park School District in July was fairly low.  This usually means that homeowners are pricing their homes to sell, and not just to "test" the market.  Homebuyers should take note of the fact that homes are selling rather quickly in the area (as long as they are priced correctly).  Many buyers have become accustomed to taking a "wait-and-see" approach, but this tactic may result in losing a home that was a great fit.  Some homes have sold in less than 2 weeks, so if you find the home that fits your needs, you would be wise to proceed without haste.

Half Hollow Hills School 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 Half Hollow Hills 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 Half Hollow Hills School District.

This report is designed to give factual information about sales in the Half Hollow Hills School District.  As is the case with many school districts on Long Island, the Half Hollow Hills 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 Half Hollow Hills School District.

JULY 2008 HOME SALES

JULY 2007 HOME SALES

YEAR-OVER-YEAR COMPARISONS 

MARKET TREND ANALYSIS: 

While the numbers continue to be lower than 2007, it does not necessarily mean that homes prices are on the decline.  Based on the numbers from this year, July actually was a better month than either of the first or second quarter averages.  The average days on market showed improvement, as it was comparable to 2007.

CONCLUSION: 

There is still a decent amount of inventory in the Half Hollow Hills School District, but the inventory numbers are not increasing at the rate that they once were.  Overall, the home prices were the strongest of the year during July.  Homeowners should keep in mind that there is competition out there, and those that are truly motivated to sell their homes should be sure to price their home accordingly.  Homebuyers will still find some good opportunities in the Half Hollow Hills School District, but they should also be ready to make offers if the "right" home comes along.  Properly priced homes can still sell within a matter of weeks.

Hauppauge School 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 Hauppauge 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 Hauppauge School District.

This report is designed to give factual information about sales in the Hauppauge School District.  As is the case with many school districts on Long Island, the Hauppauge 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 Hauppauge School District.

JULY 2008 HOME SALES

JULY 2007 HOME SALES

YEAR-OVER-YEAR COMPARISONS 

MARKET TREND ANALYSIS: 

The trends continue to fluctuate in the Hauppauge School District mainly due to the timing of sales.  In the months where more high-end homes are sold, the numbers are higher and vice versa for entry level homes.  Perhaps the most interesting trend is the fact that selling prices and listing prices were very close to each other, indicating that the homes that properly priced are selling for very close to asking price.

CONCLUSION: 

The 2008 numbers have been much more volatile than the 2007 numbers, which remained relatively flat for several months at a time.  Homeowners should continue to price their homes to sell in what is still considered a buyer's market.  Homebuyers are finding opportunities to purchase starter homes in the high $300k - low $400k range.  This has not been the case in the recent past, and there telling how long this opportunity will last.  Since the taxes in the area are lower than surrounding areas, it is an excellent time to be looking for a home in the Hauppauge School District.

Commack School 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 Commack 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 Commack School District.

This report is designed to give factual information about sales in the Commack School District.  As is the case with many school districts on Long Island, the Commack 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 Commack School District.

JULY 2008 HOME SALES

JULY 2007 HOME SALES

YEAR-OVER-YEAR COMPARISONS 

MARKET TREND ANALYSIS: 

In comparison to the first and second quarter averages of this year, and July of 2007, the home prices have declined.  This is only one month, and this does not necessarily indicate that home prices are in a downward trend.  Based on the statistics from the first two quarters of the year, home prices have basically flattened out.

CONCLUSION: 

Opportunities exist in the Commack School District for the first-time homebuyer, as evidenced by fact that five homes closed for under $400K this month.  However, the overall numbers are likely skewed downwards because of the fact that there were no high-end home sales in July.  The inventory numbers are tightening, and the ratio of sold price to list price is on the rise.  This would seem to indicate that homeowners are pricing their homes more competitively, and fewer homeowners are pricing their homes to "test" the market.  Homebuyers should take into consideration the fact that homes are priced more competitively, and that inventory is not as high as it once was.