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Lindenhurst NY Short Sale Activity
The Lindenhurst NY short sale market is still in full swing. Short sale homes in Lindenhurst NY are selling quicker now than just a few years ago. Banks have also realized it will cost them more to foreclose. It costs a bank a minimum of $75,000 to foreclose on a home and that is not counting the loss they are taking on the mortgage.  They got smart!

Below is an updated chart for the Lindenhurst NY short sale market:


Currently, there are 229 homes for sale in Lindenhurst NY. 64 of them are short sales. 24% of the homes on the market in Lindenhurst NY are short sales. In August 2011 it was at 21% so the Lindenhurst NY short sale activity has increased by 3% in one months time.

Lindenhurst NY Short Sale Statistics
33 Sold Homes in 2011
Average Sold Price - $248,000
Average Listing Price - $269,000
List Price to Sold Price Ratio - 6.36%
Average Property Taxes - $8,523
Average Days on the Market - 179

Short sales in Lindenhurst NY are not going away anytime soon and that is a good thing. There are homeowners that want to salvage their credit and I feel they should be given that chance. Banks are being more cooperative thank goodness!

If you have been thinking of listing your Lindenhurst NY home as a short sale, please call my cell today (631) 703-0201 I will sit down with you to go over what to expect during the short sale process in detail. A short sale is better on your credit than a foreclosure. Please read the testimonial below from my homeowner. I sold his Lindenhurst NY short sale recently: