Hicksville School District Homes ~ Market Trends Report ~ April 2008

Hicksville 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 Hicksville 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 Hicksville 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 Hicksville School District. 

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

APRIL 2008 HOME SALES

APRIL 2007 HOME SALES

YEAR-OVER-YEAR COMPARISONS 

MARKET TREND ANALYSIS: 

The inventory in the Hicksville School District, while increasing, is doing so at about the same pace as it did in the first quarter of 2008 and April of 2007.  The days on market remained relatively flat.  List prices were lower for the month, in comparison to both the first quarter average and April of 2007, however, the ratio of sold price to list price improved.

CONCLUSION:

Considering the fact that the home prices for the first quarter of 2008 were about the same as the first quarter of 2007 in the Hicksville School District, it's possible that a few closings in April of lower priced homes brought the average down.  With a sample size that is relatively small, this can partially be attributed to the home that sold for under $300,000, which is unusual for the area.  Overall, it's likely that the market has stabilized, but it will take more time to see if this is the case.  In any case, inventory is rising, albeit at about the same pace as the first quarter of 2008 and also as April of 2007.  As is the case with many local markets, pricing the home to sell often times results in a relatively quick sale at a price that is very close to the asking price, while overpriced homes tend to languish on the market.  Homebuyers do have a selection of homes to choose from, but should be mindful of the fact that properly priced homes still can sell very quickly, and also for very close, if not right at or slightly higher than the listing price.