Babylon NY Homes Under Contract - September 2011

Babylon NY Homes Under Contract/Pending - September 2011

Pending home sales for Babylon Village in 2011 compared to 2010 for the most part stayed consistent.

Babylon NY pending home sales for the 3rd Quarter 2011:

15 homes went under contract in the 3rd quarter of 2011. The lowest price home was listed at $256,000 and sold for $265,000. It is on Cadman Avenue in Babylon Village. It was on the market for 49 days. The list price to sold price ratio: -3.5%. Don't get all excited about the ratio. That is not the norm. In a seller's market it would be but not right now. Maybe in 2012 we will see more stabilization in Babylon Village. It's going to be at least another few years for a seller's market to show it's face in Babylon Village.

The highest price home was listed at $1.2M and sold for $1.177M. See, even million dollar homes in Babylon Village do not go for much less than asking price as you may think. This home is on Christopher Court in Babylon Village. It was on the market for 412 days. It was originally listed for $2.1M. Obviously that didn't work out. The list price to sold price ratio: 1.9% And the buyer paid cash.

The majority of the homes that went under contract in Babylon Village were priced between $380K and $399K.

Currently, there are 65 homes on the market in Babylon Village. The lowest priced home is $149,000 and the highest priced home is $2.8M.

If it were a seller's market in Babylon Village, more homes would sell in relation to the amount of homes coming onto the market (new listings).

Call me today (631) 703-0201 to find out what your Babylon Village home is worth in today's market.

**All data herein is provided by the Multiple Listing Service of Long Island**