Syosset, NY

Syosset School District Homes Market Trend Report - May 2008.  This report shows a statisical comparison between the first quarter averages and the months of April and May for 2008, in addition to a year-over-year comparison.  This report provides information about homes sold in the Syosset School District including:  location of homes, list price, sold price and days on market.  This report provides statistical information about homes sold in the Syosset School District including:  location of homes, list price, sold price and days on market.

It is important to note that 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 Syosset School District.  The quarterly market trend has more data, and as such, gives a more accurate look at the current market trend.  However, it should be noted that the market data is still relatively small and subject to extreme fluctuations based on sales that are atypical of the rest of the sales in the Syosset School District. 

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

MAY 2008 HOME SALES

MAY 2007 HOME SALES

YEAR-OVER-YEAR COMPARISONS 

MARKET TREND ANALYSIS: 

Overall, the home prices declined a bit from April, but were still higher than the first quarter average and also May of 2007.  The average days on market showed a significant increase in comparison to this year and last year.  The ratio of sales price to list price continued to be below that of 2007.

CONCLUSION:

The Syosset School District has an unusual market because the homes range from starter to trade-up to luxury.  Each of these markets act as their own sub-markets.  Overall, there are positive trends in the market.  However, homeowners should expect that it will take some time to sell their home, and that the sales price ratios are lower in Syosset than other parts of Long Island.  Homebuyers have an opportunity to find the home that best fits their needs in the district due to the rising inventory levels.

Syosset School District Homes Market Trend Report - April 2008.  This report shows a statisical comparison between the first quarter averages and the month of April for 2008, in addition to a year-over-year comparison.  This report provides information about homes sold in the Syosset School District including:  location of homes, list price, sold price and days on market.

The following is the March 2008 Home Trends Market Report for the Syosset School District.  This report shows month-by-month comparisons, in addition to year-over-year market trends.  Since this report comes at the end of the first quarter of the year, there is also a comparison of the year-over-year quarterly market trends.  This report provides statistical information about homes sold in the Syosset School District including:  location of homes, list price, sold price and days on market.

It is important to note that 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 Syosset School District.  The quarterly market trend has more data, and as such, gives a more accurate look at the current market trend.  However, it should be noted that the market data is still relatively small and subject to extreme fluctuations based on sales that are atypical of the rest of the sales in the Syosset School District. 

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

APRIL 2008 HOME SALES

APRIL 2007 HOME SALES

YEAR-OVER-YEAR COMPARISONS 

MARKET TREND ANALYSIS: 

The inventory rose in the Syosset School District higher than the first quarter average, and also higher than April of 2007.  The averge home prices rose on the strength of two multi-million dollar luxury homes.

CONCLUSION:

If you were to look strictly at the average list price and average sales price, it would appear that homes in the Syosset School District have appreciated dramatically.  However, the numbers are skewed by the homes that sold for over $3 million in Muttontown and Oyster Bay Cove.  While these two sales boosted the sales figures, they also contributed to the ratio of sold price to list price deteriorating.  All things considered, the days on market remained relatively flat, and the inventory increased somewhat.  Sellers still need to be mindful of pricing their home properly in this market.

The following is the March 2008 Home Trends Market Report for the Syosset School District.  This report shows month-by-month comparisons, in addition to year-over-year market trends.  Since this report comes at the end of the first quarter of the year, there is also a comparison of the year-over-year quarterly market trends.  This report provides statistical information about homes sold in the Syosset School District including:  location of homes, list price, sold price and days on market.

It is important to note that 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 Syosset School District.  The quarterly market trend has more data, and as such, gives a more accurate look at the current market trend.  However, it should be noted that the market data is still relatively small and subject to extreme fluctuations based on sales that are atypical of the rest of the sales in the Syosset School District. 

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

MARCH 2008 HOME SALES

MARCH 2007 HOME SALES

MONTH-BY-MONTH & FIRST QUARTER YEAR-OVER-YEAR COMPARISONS 

MARKET TREND ANALYSIS: 

As is the case with many of the areas on Long Island, the home trends in the Syosset School District fluctuate from month-to-month.  However, the quarterly numbers year-over-year, have shown a modest decline in home prices.  The average days on market is slightly lower this year, and the ratio of sales price to list price remained relatively stable as well.   Inventory is also on the rise, but only by a marginal amount, as compared to the first quarter of 2007.

CONCLUSION:

Homeowners are facing more competition with the rise in inventory.  Like most areas, the homeowners that are motivated to sell their homes should price the home accordingly.  Homebuyers looking to buy a home in the Syosset School District will benefit from relatively low interest rates, and prices that have come down a bit.  In addition, the economic stimulus package has raised the FHA and Jumbo loan limits until the end of 2008.  All of these factors make for an excellent buying opportunity for those looking to get into the area.

The following is the February 2008 Home Trends Market Report for the Syosset School District.  For the first time ever, this report will show month-by-month comparisons, in addition to year-over-year market trends.  This report provides statistical information about homes sold in the Syosset School District including:  location of homes, list price, sold price and days on market.

It is important to note that 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 Syosset School District. 

This report is designed to give factual information about sales in the Syosset School District.  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 Syosset School District.

FEBRUARY 2008 HOME SALES

FEBRUARY 2007 HOME SALES

MONTH-BY-MONTH / YEAR-OVER-YEAR COMPARISON 

MONTH-BY-MONTH MARKET TREND ANALYSIS: 

The inventory trend showed improvement, as did the average list price and sold price, although this can be attributed to a handful of luxury home sales and a small sampling of home sales.  The ratio of list price to sold price remained steady, as did the average days on market.

YEAR-OVER-YEAR MARKET TREND ANALYSIS: 

The inventory trend deteriorated slightly, but the average list price and sold price improved.  The ratio of list price to sold price showed a slight deterioration, but the average days on market improved. 

CONCLUSION: 

There are some positive numbers for homes in the Syosset School District, although it is early in the year, and the sample sizes are fairly small to determine the true market trend at this point.  Homes in the non-luxury market seem to be selling for higher prices as well, so this bears watching over the next few months.

Welcome to the NEW and IMPROVED Home Trends Market Report for homes in the Syosset 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 Syosset School District.

JANUARY 2008 HOME SALES

JANUARY 2007 HOME SALES

MARKET TREND ANALYSIS:  Inventory in the Syosset School District remained relatively flat from January '07 to January '08.  Because of the luxury homes in the market, it is easy for the numbers to be skewed by a few transactions, which is exactly what happened in this case.  Aside from the selling price, most of the numbers remained relatively flat.

CONCLUSION:  Although the prices may be trending down slightly, it is important to note that the fluctuations are being caused by a handful of sales in the $1 million plus range.