Levittown School District Homes ~ Market Trends Report ~ April 2008

Levittown 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 Levittown 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 Levittown 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 Levittown School District. 

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

APRIL 2008 HOME SALES

APRIL 2007 HOME SALES

YEAR-OVER-YEAR COMPARISONS 

MARKET TREND ANALYSIS: 

At a quick glance at the market trend for the Levittown School District, it might seem like prices are dropping, however, this may not be the case.  There were two homes sold for under $300,000, causing the average list price and average sold price to drop because of a relatively small sample size.  The inventory rose at about the same rate as April of 2007, as well as the first quarter average of 2008.  The average days on market improved, as did the ratio between sales price and list price.  If not for a handful of homes that were on the market for much longer than average, this number may have been even lower.

CONCLUSION:

Aside from the two homes selling for below $300,000, which is unusual for homes in the Levittown School District, the numbers remained either flat or improved slightly.  A drop in the average days on market is an indicator that homes are being priced properly, as is the improvement of the ratio between sold price and list price.  A number of homes sold relatively quickly, compared to what has become the norm.  The overall trend showed improvement in comparison to the first quarter average of 2008, although there was still a decline from April of 2007.  This area continues to be a good option for first-time homebuyers.  The home sellers that price their homes to sell are likely to find a buyer in a relatively short period of time, and are also likely to maximize the amount that they can sell their home for.  Conversely, overpriced homes are still staying on the market for a longer period of time, and selling for less money.  Homebuyers will find opportunity in the area, but should be mindful of the fact that there are a number of homes that are priced to sell, and will not likely stay on the market for an extended period of time.