Welcome to the NEW and IMPROVED Home Trends Market Report for homes in the Hauppauge School District. This will be a monthly feature going forward (formerly a quarterly feature). The report will continue to provide statistical information, but you will now also be able to see exactly where each sold home is located, how much it was listed for, how much it sold for and how many days that it was on the market.
Since this is a monthly report, there will be a smaller sampling of homes. As such, there will be greater fluctuations in the averages then there was with the quarterly reports. This report is designed to give factual information about what is happening locally. 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.
JANUARY 2008 HOME SALES
JANUARY 2007 HOME SALES
MARKET TREND ANALYSIS: Virtually the same amount of homes came on the market during January of 2008 vs. 2007, although there were more closings during 2007. This indicates that, while it is still a buyer's market, the inventory year-over-year did not rise significantly. The average sales price was lower in 2008, as was the average list price. However, this statistic is skewed by the fact that higher priced homes sold during 2007. The important statistic to look at is that homes sold for the same percentage of list price, and they did so in a shorter period of time. It is important to note that these trends are based on year-over-year statistics. As the year progresses, the statistics will show month-over-month trends as well.
CONCLUSION: It is a great time to be buying a home in the Hauppauge School District. Interest rates are very low, and prices are reasonable. Inventory is remaining relatively steady. If you are selling your home, these market trends are favorable because of the inventory factor. However, it is still essential to be priced to sell if you are serious about moving because there is competition on the market.
Adam Waldman is a Long Island Residential Real Estate and Relocation Specialist that can assist you with the purchase and/or sale of real estate on Long Island or any place else in the country by connecting you with a relocation professional in your destination of choice. Many Long Islanders have chosen to relocate to other parts of the country, but often times they don't have anyone to turn to for assistance. Realizing that this was an underserved market, Adam Waldman has created a team of professionals throughout the country to ensure that relocating Long Islanders enjoy a smooth transition to their new area. These professionals are experts in the field of relocation and can serve many purposes beyond a simple home search. Please visit www.TheLIReloGuy.com for your relocation needs and www.AdamWaldman.com for your local needs.
Adam Waldman - RE/MAX Best - 631-357-2036 - adam@AdamWaldman.com
Hey Adam - Love your reports and the graphics. I should work on mine to make them resemble yours.
Great job, as always!