"When You Want Your Home SOLD...Call Jackie!"
(631) 703-0201
JackieC@century21aa.com
Babylon NY Real Estate Market Reports For Single Family Homes
Babylon Village Sold Home Prices For 2008 Thru July 2010
Babylon NY sold home prices came down a little compared to June. These are average prices for Babylon NY. You may be able to sell your home for more or less. We will see a seller's market again but it's going to take time. 
Babylon Village Sold Homes Prices For 2008 Thru June 2010
Babylon NY sold prices have gone higher compared to May. Right now, there is still more homes on the market than going off so it's still a buyer's market.
Babylon Village Sold Homes Prices For 2008 Thru May 2010
2008 was a great year wasn't it?
Sold prices dropped 13.24% in 2009 compared to 2008.
The Average Sold Price from January Thru April 2010 was $461,459 so that is a 3.25% decrease compared to the end of May 2010. This doesn't mean that Babylon is in a downward spiral. This is a month by month reporting.
Here is the chart for period ending April 2010:
I am seeing many Babylon listings expiring in the upper 500K and over range. Why? Due to job losses across Long Island, that buyer pool that normally could afford that price range 3-5 years ago, cannot at this point. That buyer pool has been reduced.
What do you do if you want to sell your Babylon NY home? You have choices:
- You can reduce the price to market value in order for it to sell. In your eyes, that may be giving away your home and I understand that. But market value is determined by how much a buyer is willing to pay. Buyers are educated. They know what is market value and what is not.
- Leave it off the market until you see signs that it's a seller's market.
Right now, it's truly a great time to sell your home. Why? Mortgage rates are below 5% as of this writing. Buyers are taking advantage of that and so can you. If you are comfortable with what you can sell your home for and when you sell, you will be buying low. You can't sell high and buy low at the same time. Food for thought :)
Below is a month to month chart for Average Sold Prices during 2009 for Babylon:
If you would like to receive market reports for Babylon Village, contact me and every month I will send you market reports via email which will help to keep you informed about the real estate market for Babylon Village. Enjoy your day!
