Bethpage School District Homes ~ Market Trends Report ~ April 2008

Bethpage 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 Bethpage 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 Bethpage 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 Bethpage School District. 

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

APRIL 2008 HOME SALES

APRIL 2007 HOME SALES

YEAR-OVER-YEAR COMPARISONS 

MARKET TREND ANALYSIS: 

The market remained relatively flat in comparison to the first quarter of 2008, but showed a pullback in comparison to April of 2007 in the Bethpage School District.  List prices, sold prices and the ratio between the two deteriorated compared to 2007, and days on market increased slightly.  Inventory showed a slight increase as well.

CONCLUSION:

There were so few closings during the month of April in the Bethpage School District that it would be difficult to judge the market trend with any accuracy, although the market did remain about the same as it has been throughout the year.  While inventory continued to increase, the numbers are still relatively small.  As is the case with most markets, proper pricing can lead to quicker sales closer to the asking price than homes that are overpriced to begin with and then reduce their prices to market value.  In April, for example, the most expensive home sold in the shortest amount of time, and for closest to the asking price.  Home sellers should price their homes to sell, and have them in "showing" condition if they want to maximize their price and shorten their days on market.