Middle Village Sales Report For 2009.

Hello Middle Village residents! Here is your 2009 sales repors. I hope you find it useful. I'm glad to report that our lovely neighborhood is doing well. In 2009 have had 122 sales with an avg closed price of $551,199! Not bad, and that's not counting condos. The average time on the market in Middle Village in 2009 was 94 days. Sounds like a long time, but its less than the Queens average.

To put these numbers in perspective lets look at 2008. In that year the average selling price was $596,487 so the change from 08 to 09 equals to an approximate 8% decline in home values. Not great for homeowners, but a needed correction. On the positive note, because of the lower prices we have had more sales. 2008 recorded 111 sales, as apposed to 122 in 09. Days on the market has not changed with 2008 averaging 95 days.

Own a condo? Here is your information. With some new building coming to the market 09 recorded 11 transactons, up from just 5 in 08. The average price for the sold units in 09 was $356,000. Interesting fact is the number of days on the market... are you ready? On average it took 196 days to sell a condo, more than twice as long as a house.

What is 2010 going to be like? I feel that there still may be a small decline in home values due to the overall economy. But our market is strong, mostly because of the great people who live in Middle Village, take care of their homes and the neighborhood. Being a resident myself, I'm glad to see the improvements to our terrific schools, PS 128 is one of the top schools in New York (my doughter started K1 last Sept.).

I hope I have answered some of your questions. If you have others, feel free to contact me.

bart@soldbybart.com or just call me! 917 449-4101