Northport NY 2009 Real Estate Market Report

Northport NY 2009 Real Estate Market Report

Another year has come to an end, and so I'm taking a moment to reflect on the past year before looking ahead to 2010. These are sales statistics taken from Long Island MLS on 1/3/10. While the number of homes sold rose slightly from last year, sales prices have continued to decline in the area. The average sales price in Northport for 2009 was $633,398, which is down 9% from last years average price of $694,217. But how about taking a look back to the year 2000? The average sales price then was $416,992. That’s a 52% increase. So while many people have homes that are worth less than what paid, there are still some people who have made money on their investment! So if you are in the red, sit tight if you can. Things will change - we just don't know when.