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

JANUARY 2008 HOME SALES

JANUARY 2007 HOME SALES

MARKET TREND ANALYSIS:  The inventory in the Bethpage School District has increased slightly, while the average sales price is showing a decline.  With a sampling this small, the few homes that sold in the $700K range in '07, may be having an impact on the average sales price.  The trend has been going up in the past two quarters, so its best to see what happens as the year progresses.  Homes have stayed on the market longer, and the ratio of list price to sales price has deteriorated.

CONCLUSION:  Buyers who viewed the past few quarterly reports willl be aware of the fact that there has been an upward trend in the Bethpage School District.  This is the first time that the trend was reversed, so it will take more time to see exactly which direction this area is heading towards.  Sellers may have to adjust their pricing if the trend continues down in the coming months.