West Babylon, NY Real Estate News

By Jackie Connelly-Fornuff, "Moving at The Speed of YOU!"
(Douglas Elliman Real Estate in Babylon NY)
West Babylon NY Real Estate Market Trends Week Ending 2/6/11 Sold - As you can see from the chart, 4 homes sold that week. Sold prices range from $208,000 to 321,800. Median Sold Price: $290,900 with 35 days on the market. Low Sold Price: $208,000 with 21 days on the market. High Sold Price: $322,000 with 35 days on the market. When you price your home at market value, it will sell in less than 100 days. Clean and organize your home and buyers will remember it. West Babylon NY Homes For Sale: 6 homes were listed. Prices range from $229,000 to $469,900. Currently, there are 168 homes for sale in West Babylon NY. Buyers have choices in certain price-points. What are YOU going to do to set your home apart from the rest? Call me today (631) 703-0201 to find out what your home is worth in t...
Comments 10
By Jackie Connelly-Fornuff, "Moving at The Speed of YOU!"
(Douglas Elliman Real Estate in Babylon NY)
Fisherman's Wharf Co-Ops West Babylon NY - Real Estate Market Report - Sold Prices 2009 Median Sold Price: $165,213.00 Nine units sold in 2009. Sold prices range from $152,000 to $182,000. All 1 bedroom and the Average Days on the Market was: 107 2010 Median Sold Price: $172,000 Five units sold in 2010. Sold prices range from $165,000 to $180,000. All 1 bedroom and the Average Days on the Market was: 146 2009 Median Sold Price: $165,213.00Five units sold in 2009. Sold prices range from $182,500 to $213,500. All 2 bedrooms and the Average Days on the Market was: 118 2010 Median Sold Price: $172,000Seven units sold in 2010. Sold prices range from $180,000 to $196,000. All 2 bedrooms and the Average Days on the Market was: 151 Currently, there are 8 co-op units on the market in Fisherman's...
Comments 3
By Jackie Connelly-Fornuff, "Moving at The Speed of YOU!"
(Douglas Elliman Real Estate in Babylon NY)
Country Club Gardens Co-Ops West Babylon - Real Estate Market Report - 2009-January 20112009 Median Sold Price - $170,000Nine co-ops sold in 2009. Sold prices range from $135,000 to $189,000. They are all 1 bedroom units. 2010 Median Sold Price - $170,000Four co-ops sold in 2010. Sold prices range from $163,500 to $170,000. They are all 1 bedroom units.Since there were no co-ops sold in January 2011, there is nothing to compare to yet.   2009 Median Sold Price - $200,000 Two co-ops sold in 2009. One sold for $195,000 with a list price of $210,000. The other sold for $205,000 with a list price of $222,500 They are both 2 bedroom units. 2010 Median Sold Price - $000 Five units were listed in 2010 and have not sold yet. They are all on the market still. 3 more units have been listed making...
Comments 0
By Jackie Connelly-Fornuff, "Moving at The Speed of YOU!"
(Douglas Elliman Real Estate in Babylon NY)
West Babylon NY Real Estate Market Report - Median Sold Prices 2009-January 2011 2009 Median Sold Price - $305,000198 homes sold in West Babylon in 2009. Sold prices range from $122,000 to $629,000. 11 of those homes were short sales. There were also 11 REO properties. 2010 Median Sold Price - $302,000 202 homes sold in West Babylon in 2010. Sold prices range from $58,000 to $750,000. 26 of those homes were short sales. There were also 16 REO properties. January 2011 Median Sold Price - $290,00013 homes sold in January 2011. Sold prices range from $136,300 to $382,500 8 of the homes are in the North Babylon School District and the other 5 are in the West Babylon School District. Two of these homes are short sales and two are REO properties. There are 47 short sale homes currently on the...
Comments 0
By Jackie Connelly-Fornuff, "Moving at The Speed of YOU!"
(Douglas Elliman Real Estate in Babylon NY)
West Babylon NY Real Estate Market Trends Week Ending 1/9/2011West Babylon NY Homes For Sale: 13 homes were newly listed last week. Prices range from $189,900 to $460,000. Three are in the North Babylon School District, one is in the Babylon School District and nine are in the West Babylon School District. There is one short sale and one REO Property. Currently, there are 158 homes for sale in West Babylon NY. Prices range from $140,000 to $849,500 West Babylon NY Sold Homes: Two homes closed last week. One is located on Sheffield Avenue and sold for $327,500. The listing price was $339,000. It was on the market for 32 days and is a 3 bedroom Ranch. The other home is located on Claremont Avenue and sold for $373,500. The listing price was $389,000. It was on the market for 60 days and i...
Comments 8
By Jackie Connelly-Fornuff, "Moving at The Speed of YOU!"
(Douglas Elliman Real Estate in Babylon NY)
West Babylon NY - What Is The Difference Between A Condo & A Townhouse? I love this question! I'm working with a buyer who is wanting to buy a condo and they asked me this question last week. Condo - You are responsible for the inside of the home. You can paint whatever color you want. You can do whatever you want on the inside. You own the unit. You also own a certain percentage of the surrounding property. You belong to a Homeowner's Association and your HOA fees pay for the maintenance of the common property including pool maintenance (if there is one). Townhouse - You are responsible for the inside of the home. Again, you can do whatever upgrades you want to do on the inside. You also own the land beneath your unit. Townhomes generally have their own roofs. Some developments even h...
Comments 2
By Jackie Connelly-Fornuff, "Moving at The Speed of YOU!"
(Douglas Elliman Real Estate in Babylon NY)
West Babylon NY Short Sale Real Estate Market Trends For 2010Currently, there are 43 short sale homes in West Babylon NY. Prices range from $159,000 to $399,999. There are 109 regular resale homes for sale as well. There are seven homes Under Contract right now in West Babylon NY. The average days on the market is 173. One home has been under contract since June 2010. There are so many factors as to why some short sales take longer than others to close. Buyers tend to shy away from short sales. A Buyer's Agent needs to know the right questions to ask the Listing Agent in order to find out if their buyer should proceed with buying a short sale home.There are circumstances where a buyer cannot buy a short sale home. They may already be under contract with their current home and short sale...
Comments 4
By Jackie Connelly-Fornuff, "Moving at The Speed of YOU!"
(Douglas Elliman Real Estate in Babylon NY)
West Babylon NY Real Estate Sold Prices For 2010199 homes sold in West Babylon NY in 2010. Sold prices range from $58,000 to $750,000. As you can see in my chart, the last quarter in 2010 pretty much held steady. I'm hoping that trend continues for 2011. The average property tax is $8,414. The average listing price to sold price ratio is 5.07%. This means that the average home in West Babylon NY sold for a little less than 95% of asking price. This is why I say a good home deserves a good sold price!Out of the 199 homes that sold in 2010, 25 of them are short sales and 16 are REO properties. It's a good thing to get short sales and REO properties sold and off the market. Too many of either can drive the West Babylon NY real estate market down. Currently there are 43 short sale homes on ...
Comments 2
By Jackie Connelly-Fornuff, "Moving at The Speed of YOU!"
(Douglas Elliman Real Estate in Babylon NY)
West Babylon NY Co-Ops: What Is A Co-Op?Co-ops are more affordable than a single family home for the most part. You own shares, not the unit. Fisherman's Wharf in West Babylon NY is a Co-op development. This particular development either has lower units or upper units. There are no duplexes. All co-ops have maintenance fees. That fee includes your share of the property taxes, management fees, landscaping, snow removal, mortgage on the property if there is one, pool maintenance, clubhouse, property insurance, sewer, water, garbage removal, plumbing and electrical inside the walls. Buyers are less shocked once they find out why some maintenance fees are high. You pay your maintenance fees separate from your mortgage and is payable to the Management company that manages the co-op developme...
Comments 7
By Jackie Connelly-Fornuff, "Moving at The Speed of YOU!"
(Douglas Elliman Real Estate in Babylon NY)
West Babylon NY Real Estate Trends Week Ending 12/26/10West Babylon NY Homes For Sale: There were no new listings last week. This particular week is very slow for new listings.West Babylon NY Homes Under Contract: Two homes went under contract last week. Neither is a short sale or REO property.West Babylon NY Sold Homes: Four homes closed last week. There were no short sales or REO properties. Call me today (631) 703-0201 to find out what your West Babylon NY home is worth in today's market. There is no obligation!
Comments 0
By Jackie Connelly-Fornuff, "Moving at The Speed of YOU!"
(Douglas Elliman Real Estate in Babylon NY)
West Babylon NY Real Estate Trends Week Ending 12/12/10 West Babylon NY Homes For Sale: Five homes were listed during this week. Prices range from $264,900 to $439,000. One is an REO property and there are 2 short sales.West Babylon NY Homes Under Contract: Four homes are under contract. Prices range from $335,000 to $479,900. There are no short sales or REO properties. We will not know the actual sales prices until the home goes to closing.West Babylon NY Sold Homes: Two homes closed. One home on Cadman Avenue sold for $382,500. It is a wide-line high ranch and in the Babylon School District. It was on the market for 29 days. This listing was in my office. The other home is on Carlton Road and sold for $420,000. It was on the market for 117 days. It was built in 2002. Call me today (63...
Comments 2
By Jackie Connelly-Fornuff, "Moving at The Speed of YOU!"
(Douglas Elliman Real Estate in Babylon NY)
West Babylon NY Real Estate Trends Week Ending 12/5/10 West Babylon NY Homes For Sale: Eight homes were listed during this week. Prices range from $249,990 to $599,000. West Babylon NY Homes Under Contract: One home is under contract. The listing price is $267,000. It was on the market for 164 days. It's a nice home but needs cosmetic updating. We will not know the actual sales prices until the home goes to closing.West Babylon NY Sold Homes: Six homes closed. Sold prices range from $225,000 to $495,000. The home that sold for $495,000 had a listing price of $499,500. I can see why. It is a stunning Colonial home and built in 2007. It is located on Bishop Road. It was on the market for 41 days. Call me today (631) 703-0201 to find out what your West Babylon NY home is worth in today's m...
Comments 0
By Jackie Connelly-Fornuff, "Moving at The Speed of YOU!"
(Douglas Elliman Real Estate in Babylon NY)
West Babylon NY Sold Homes Analysis 1/1/10 - 11/30/2010 184 homes have sold in West Babylon this year. Sold prices range from $58,000 to $750,000. 25 short sale and 18 REO properties have sold this year. Sold prices this year seem to holding steady in the high $200K mark. 178 homes sold in 2009 and the average sold price was $302,323. Comparing 2009 to 2010 so far, the market is down 1.03% this year.Maybe 2011 is going to be the year where we see more stabilization with sold prices. You can count on that I will keep you informed about the West Babylon NY real estate market!  
Comments 3
By Jackie Connelly-Fornuff, "Moving at The Speed of YOU!"
(Douglas Elliman Real Estate in Babylon NY)
West Babylon NY Real Estate Market Trends Week Ending 11/28/10West Babylon NY Homes For Sale: No homes were listed last week. I checked. I swear I did! I haven't seen this happen in months!West Babylon NY Homes Under Contract: Three homes are under contract. The prices range from $269,999 to $339,000. None of them are short sales or REO properties. We will not know the actual sales prices until the homes go to closing.West Babylon NY Sold Homes: Three homes closed last week. Prices range from $199,000 to $275,000. None of these homes are short sales or REO properties. However, look at the Average Listing to Sold Price Ratio % in the chart below. It is at 17.07%. When I see something like that, I have to look into it further. The home that was listed at $199,000 was sold for $150,000. It...
Comments 0
By Jackie Connelly-Fornuff, "Moving at The Speed of YOU!"
(Douglas Elliman Real Estate in Babylon NY)
West Babylon NY Real Estate Market Trends Week Ending 11/21/10West Babylon NY Homes For Sale: Seven homes were listed last week. Prices range from $299,000 to $459,000. There were no short sales or REO properties listed. West Babylon NY Homes Under Contract: Two homes are under contract. One home is listed for $199,990 with 54 days on the market and the other is for $298,000 with 48 days on the market . Neither one is a short sale or REO property. We will not know the actual sales prices until the homes go to closing.West Babylon NY Sold Homes: Two homes closed last week. One short sale home sold for $275,000 on Lenox Road and on the market for 136 days. The other for $315,000 on 15th Street with 45 days on the market. That one is not a short sale or REO.Call me today (631) 703-0201 to ...
Comments 2
By Jackie Connelly-Fornuff, "Moving at The Speed of YOU!"
(Douglas Elliman Real Estate in Babylon NY)
West Babylon NY Real Estate Trends Week Ending 11/14/10West Babylon NY Homes For Sale: Four homes were listed last week and there are no short sales or REO properties in West Babylon. Prices range from $305,000 to $879,500.West Babylon NY Homes Under Contract: Two homes are under contract and there are no short sales or REO properties. One home is listed for $229,000 and the other for $409,000. We will not know the actual sales price until these homes go to closing.West Babylon NY Sold Homes: One home went to closing last week. It was not a short sale or REO property. Sold price: $335,000 with 49 days on the market! Call me today (631) 703-0201 to find out what your West Babylon NY home is worth in today's market.  
Comments 4
By Jackie Connelly-Fornuff, "Moving at The Speed of YOU!"
(Douglas Elliman Real Estate in Babylon NY)
West Babylon NY Real Estate Trends Week Ending 11/7/10 West Babylon NY Homes For Sale: Four home were listed and there were no short sales or REO properties. Prices range from $299,090 to $419,000. West Babylon NY Homes Under Contract: Seven homes are under contract and there are no short sales or REO properties. Listing prices range from $239,990 to $559,000. We will not know the actual sales price until the homes go to closing. West Babylon NY Sold Homes: Four homes closed. There was 1 short sale and 1 REO property. Sold prices range from $239,000 to $335,000.  
Comments 0
By Jackie Connelly-Fornuff, "Moving at The Speed of YOU!"
(Douglas Elliman Real Estate in Babylon NY)
West Babylon NY Sold Homes Analysis 1/1/10 - 10/31/10 15 homes sold in West Babylon for the month of October 2010. There were no short sales and 1 REO property sold. The REO sold for $112,000 but needs a ton of work! It was on the market for 45 days. Good. We need these properties to move. Once it's fixed up, it will sell for what other homes in the area are selling for. The highest priced home sold for $550,000 and was on the market for 90 days. It is new construction. The sold prices of homes in West Babylon for 2010 so far are all over the place. The average sold price in West Babylon for 2009 was $303,281. The average sold price so far for West Babylon for 2010 is 291,109. Based on these averages, the market has not come down that much. That is a good thing. It will be interesting ...
Comments 4
By Jackie Connelly-Fornuff, "Moving at The Speed of YOU!"
(Douglas Elliman Real Estate in Babylon NY)
West Babylon NY Real Estate Market Trends Week Ending 10/31/10 Homes For Sale In West Babylon NY:Eight new homes are for sale in West Babylon NY. There is one short sale and the asking price is $279,000. The homes listed last week range in price from $269,999 to $399,000. Five of the homes are in the West Babylon School District and the other three are in the North Babylon School District. Homes Under Contract In West Babylon:There are currently seven homes under contract and two of them are REO Properties. No short sales went under contract last week. The average days on the market: 55! That is awesome. I always say price your home at market value and it will sell! Sold Homes In West Babylon:Four homes went to closing last week. Sold prices range from $248,000 to $323,000. There were n...
Comments 6
By Jackie Connelly-Fornuff, "Moving at The Speed of YOU!"
(Douglas Elliman Real Estate in Babylon NY)
West Babylon Short Sale Market Trends 2008 - October 31st 2010 Last month, 1 new short sale home was listed in West Babylon NY and none sold. I am hoping by the end of the year, more short sale homes will close in West Babylon NY. Maybe the banks will want to get the short sales of their books by December 31st, 2010. If you have been thinking about selling your West Babylon NY home as a short sale, give me a call today so we can sit down together and see if you qualify for a short sale.   Recent Articles For The West Babylon Real Estate Market: West Babylon NY Short Sale Homes Analysis For 2008 Through 9/30/10 West Babylon NY Real Estate Trends Week Ending 10/24/10 West Babylon NY Real Estate Market Activity For Week Ending 10/17/10 West Babylon NY Real Estate Market Activity For Week E...
Comments 0