Commack, NY

Commack School District Homes Market Trend Report - May 2008.  This report shows a statisical comparison between the first quarter averages and the months of April and May for 2008, in addition to a year-over-year comparison.  This report provides information about homes sold in the Commack School District including:  location of homes, list price, sold price and days on market.

The following is the May 2008 Home Trends Market Report for the Commack School District.  This report shows month-by-month comparisons, in addition to year-over-year market trends.  This report provides statistical information about homes sold in the Commack 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 Commack School District.  

This report is designed to give factual information about sales in the Commack School District.  As is the case with many school districts on Long Island, the Commack School District has a very broad spectrum of home prices (starter, mid-level, luxury), and the value of individual homes cannot be determined by evaluating broad market trends.  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 Commack School District.

MAY 2008 HOME SALES

MAY 2007 HOME SALES

YEAR-OVER-YEAR COMPARISONS 

MARKET TREND ANALYSIS: 

The numbers for May were slightly lower than the first quarter average, but slightly higher than the April numbers.  The ratio of sold price to list price showed a slight improvement overall.  In a year-over-year comparison, the numbers were slightly down, but for the most part, the market has been relatively flat.

CONCLUSION: 

Inventory levels are rising, so home sellers still should be mindful of the competition when pricing their homes.  Homebuyers that are looking for a home in the Commack School District will find a decent amount of inventory, but the home prices have seemed to level off, so extremely low offers are not likely to be accepted.

Commack 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 Commack School District including:  location of homes, list price, sold price and days on market.

The following is the March 2008 Home Trends Market Report for the Commack School District.  This report shows month-by-month comparisons, in addition to year-over-year market trends.  Since this report comes at the end of the first quarter of the year, there is also a comparison of the year-over-year quarterly market trends.  This report provides statistical information about homes sold in the Commack 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 Commack 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 Commack School District. 

This report is designed to give factual information about sales in the Commack School District.  As is the case with many school districts on Long Island, the Commack School District has a very broad spectrum of home prices (starter, mid-level, luxury), and the value of individual homes cannot be determined by evaluating broad market trends.  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 Commack School District.

APRIL 2008 HOME SALES

APRIL 2007 HOME SALES

YEAR-OVER-YEAR COMPARISONS 

MARKET TREND ANALYSIS: 

Inventory rose slightly in the Commack School District in April compared to the first quarter average for 2008 and to April of 2007.  Home prices showed a slight decline.  The most positive trend is the average days on market, which showed improvement over both the first quarter average for 2008 and for April of 2007.  The ratio of sold price to list price remained steady, although still down a bit from 2007.

CONCLUSION: 

The drop in average sold price and list price can be attributed somewhat to the sale of two homes for $350,000 or less, which is unusual for the Commack School District.  With a relatively small sample size, these two sales can bring the average down.  Home sellers that are motivated to sell their homes should definitely factor in the rise in inventory and price their homes against the competition accordingly.  Homebuyers are finding some opportunities to purchase a home in the area for less money than in the past, with an occasional opportunity for homes to be purchased in the typical price range of first-time home buyers.  However, the competition for such homes tends to be higher than that of high-priced homes, as evidenced by the sale on Magnolia Drive, which only was on the market for 7 days.

The following is the March 2008 Home Trends Market Report for the Commack School District.  This report shows month-by-month comparisons, in addition to year-over-year market trends.  Since this report comes at the end of the first quarter of the year, there is also a comparison of the year-over-year quarterly market trends.  This report provides statistical information about homes sold in the Commack 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 Commack 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 Commack School District. 

This report is designed to give factual information about sales in the Commack School District.  As is the case with many school districts on Long Island, the Commack School District has a very broad spectrum of home prices (starter, mid-level, luxury), and the value of individual homes cannot be determined by evaluating broad market trends.  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 Commack School District.

MARCH 2008 HOME SALES

MARCH 2007 HOME SALES

MONTH-BY-MONTH & FIRST QUARTER YEAR-OVER-YEAR COMPARISONS 

MARKET TREND ANALYSIS: 

The market trend for homes in the Commack School District shows that home prices are declining slightly, and that the market is very much a buyer's market.  Overall, market conditions deteriorated for the month of March, as list price, sales price and ratio of sales price to list price all declined.  The average time on market remained relatively close to what it has been over the past few months, and also in the first quarter of 2007.  Inventory has been increasing at about the same rate as it did for January and February, but at a higher rate than the first quarter of 2007.

CONCLUSION: 

If you are a seller in the Commack School District, there is competition due to the inventory.  The homes that are selling are usually doing so in around four months.  Sellers that are motivated should be pricing their homes for the current market conditions, and take into account the other homes that are on the market, as they are competing for the same buyers.

If you are a buyer looking for a home in the Commack School District, you have an opportunity to find a home at a good price and/or in move-in condition.  The increase in the FHA and Jumbo loan limits, which are in effect until the end of 2008, should prove beneficial for those that are looking for financing to move into the area.  Mortgage rates are still relatively low, so this is an excellent time to be shopping for a home in the Commack School District.

The following is the February 2008 Home Trends Market Report for the Commack School District.  For the first time ever, this report will show month-by-month comparisons, in addition to year-over-year market trends.  This report provides statistical information about homes sold in the Commack 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 Commack School District. 

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

FEBRUARY 2008 HOME SALES

FEBRUARY 2007 HOME SALES

MONTH-BY-MONTH / YEAR-OVER-YEAR COMPARISON 

MONTH-BY-MONTH MARKET TREND ANALYSIS:  The inventory trend remained steady, average list price and sold price increased on the strength of two new construction homes sold at a higher price than average, the ratio of list price to sold price remained steady, and there was an increase to days on market. 

YEAR-OVER-YEAR MARKET TREND ANALYSIS:  The amount of new listings was comparable, but less homes closed in 2008 than 2007.  The average list price and sales price increased on the strength of two new construction homes sold for above average prices.  The ratio of list price to sales price remained steady, and days on market increased.

CONCLUSION:  At first glance, it would appear that home prices are rising in the Commack School District, however, much of this gain can be attributed to a few homes selling for above average prices.  The days on market is showing an upward trend, which means that homeowners should be prepared to have their home on the market for a longer period of time.  There is still good supply of homes to choose from, so motivated sellers should plan on pricing their homes to sell. 

Welcome to the NEW and IMPROVED Home Trends Market Report for homes in the Commack School District.  This will be a monthly feature going forward (formerly a quarterly feature).  The report will continue to provide statistical information, but you will now also be able to see exactly where each sold home is located, how much it was listed for, how much it sold for and how many days that it was on the market.

Since this is a monthly report, there will be a smaller sampling of homes.  As such, there will be greater fluctuations in the averages then there was with the quarterly reports.  This report is designed to give factual information about what is happening locally.  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 Commack School District.

JANUARY 2008 HOME SALES

JANUARY 2007 HOME SALES

MARKET TREND ANALYSIS:  Inventory increased slightly as there were more homes coming on the market and fewer closings in 2008 vs. 2007.  Average sales price decreased, but this can be explained by the fact that Dix Hills homes in the Commack school district, and a high-end Commack home sold in 2007, while none closed in 2008 in January.  The average percentage of list price improved slightly, as did days on the market.  It is important to note that these trends are based on year-over-year statistics. As the year progresses, the statistics will show month-over-month trends as well.

CONCLUSION:  It is a great time to be buying a home in the Commack School District.  Interest rates are very low, and prices are reasonable.  Inventory is up slightly, offering more choices.  If you are selling your home, it is essential to be priced to sell (if you are serious about moving) because there is competition on the market.