Elmont, NY

Elmont, New York Real Estate Trends-First Quarter Report March 31, 2011

Elmont, New York Real Estate

Elmont, New York 11422

The Elmont, New York Real Estate Trends-First Quarter Report March 31, 2011 covers Elmont, New York Real Estate market activity, year to year, for the 4 year period ended March  31, 2011.

The report focuses on the number of Elmont, New York Real Estate homes sold, the median sales price and median days on market with particular attention to foreclosure and short sale data. For the years indicated the periods covered are as indicated in the following table. 

Year	2008	2009	2010	2011
Period Covered	4/1/2007-3/31/2008	4/1/2008-3/31/2009	4/1/2009-3/31/2010	4/1/2010-3/31/2011

The hamlet of Elmont is located in the Town of Hempstead in Nassau County, New York. Elmont, New York is the home of the Belmont Stakes, the third jewel of the Triple Crown, and was also where Heisman Trophy Winner and NFL Quarterback Vinny Testaverde grew up.

 

 

 

 Elmont, New York Real Estate Number of Homes Sold

The total number of Elmont, New York Real Estate homes sold for the four year period ended March 31, 2011 increased from 178 in 2008 to 189 in 2011.  The volume of Elmont , New York Real Estate sales realized its biggest drop from 2010, when it was 235, to 2011, when it was 189.

  

A closer look at the type of sales over the four year period reveals an increase in the number of Elmont, New York Real Estate foreclosures and Elmont, New York Real Estate short sales. The number of foreclosures increased from 14 in 2008 to 30 in 2011. The number of short sales increased from 1 in 2007 to 20 in 2011.

  

With total Elmont, New York Real Estate sales of 189 for 2011, the 30 Elmont, New York Real Estate foreclosure sale represents 15.9 % of total  sales and the 20 Elmont, New York Real Estate short sales represents 10.6 % of total sales. 

 

 Elmont, New York Real Estate Median Sales Price Overview

The median sales price of Elmont, New York Homes over the 4 year period ended March 31, 2011 declined from $400,000 in 2008 to $300,000 in 2011 for a decrease of 25 %. The median sales price has been decreasing year to year from 2008 to 2010. The median sales price levelled off at $300,000 from 2010 to 2011.

  

 

The growth in volume of Elmont, New York Real Estate foreclosures, short sales and the economic downturn have been elements in declining median sales prices. The median sales price of Elmont, New York Real Estate foreclosures decreased from $355,000 in 2008 to $217,450 in 2011. The first Elmont, New York Real Estate short sale sold data was available in 2008. The Elmont, New York Real Estate short sale median sales price decreased from $350,000 in 2008 to $280,000 in 2011.

 

 Elmont, New York Real Estate Days on Market Overview

The Elmont, New York Real Estate days on market decreased from 95 days in 2008 to 71 days in 2011.

 

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Elmont, New York Real Estate Trends-February 19, 2011

Elmont, New York 11003

The following is the Elmont Real Estate Trends-February 19, 2011  report. The report covers Elmont, New York homes for sale and homes that have closed over the 12 month period ended February 19, 2011. The report includes analysis of Elmont New York Short Sales, Elmont New York Foreclosures, Elmont New York cooperatives and Elmont New York Condominiums. A free search Elmont, NY Homes for Sale and search Elmont, NY Real Estate option is also available.

The hamlet of Elmont is located in the Town of Hempstead in Nassau County, New York. Elmont, New York is the home of the Belmont Stakes, the third jewel of the Triple Crown, and was also where Heisman Trophy Winner and NFL Quarterback Vinny Testaverde grew up.

 

 

 

 Elmont, New York Homes for Sale

As of February 19, 2011, there were 216 Elmont, NY homes for sale. Of the 216 Elmont, NY homes for sale, there are 3 foreclosure and 66 homes marketed as short sales. The median list price is $339,000.

 

 

Capes make up 95 of the listed properties followed by Colonials (65), Ranch (19), Expanded Cape (10), Two Story  (12)

  

 

The largest group of Elmont NY Homes for Sale by price range were in the $300,001-$350,000 band. There were 60 homes available.

  

 

There was also an active cooperative and condominium market. There were 15 cooperatives available with a median list price of $150, 000 and 3 condominium with a sales price of $289,990. 

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 Elmont, New York Homes Sold

There were 196 Elmont, NY Real Estate homes sold for the year ended February 19, 2011. Of this number 23 were Elmont, NY Real Estate short sales and 31 were foreclosures.

  

 

The three month period November 20 2010 to February 19 2011, accounted for 34 of the 196 home sales. The median sales price for this three month period was $297,500.

 

 

There were no cooperative or condominium sales.

Mobile phone: 917 533-8475
mailto://Pat@HomeDrivenRealty.com
Website: www.HomeDrivenRealty.com

Data Source: Multiple Listing Service of Long Island

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Search Elmont New York Short Sale Listings Guide-January 29 2011

Elmont, New York 11003

The Search Elmont, New York Short Sale Listings Guide-January 29 2011, is a weekly report to assist prospective home buyers and sellers in the purchase or sale of Elmont New York Short Sales and Elmont New York Real Estate.

The report provides free multiple listing property search, Elmont New York Short Sale information and short sale data. Elmont, New York Short Sales  are also broken down by price range to give purchasers an idea of the number of short sales available.

According to the National Association of Realtors Short Sale Basics, "A short sale is a transaction in which the lender,or lenders, agree to accept less than the mortgage amount owed by the current homeowner. In some cases, the difference is forgiven by the lender, and in others the homeowner must make arrangements with the lender to settle the remainder of the debt.

A short sale can also be the best option for a homeowners who are "upside down" on mortgages because a short sale may not hurt their credit history as much as a foreclosure. As a result, homeowners may qualify for another mortgage sooner once they get back on their feet financially".

While a Baldwin New York Short Sale can represent a "bargain" for buyers, there are many potential pitfalls that buyers should prepare for. Thinking of Making an Offer on a Short Sale, an article published bt the National Association of Realtors, provides a roadmap to a successful Baldwin New York Short Sale purchase.

Elmont homes sold information is also provided to prospective home buyers and sellers to aid in determining property value. Information on the Elmont Union Free School District is also provided.

 

Elmont, New York homes sold information is also provided to prospective home buyers and sellers to aid in determining property value. Information on the nationally recognized Elmont Schools is also provided.

The hamlet of Elmont is located in the Town of Hempstead in Nassau County, New York. Elmont, New York is the home of the Belmont Stakes, the third jewel of the Triple Crown, and was also where Heisman Trophy Winner and NFL Quarterback Vinny Testaverde grew up.

 

 

 Elmont, New York Short Sales

As of January 29, 2011, there were 216 Elmont, NY homes for sale. Of the 216 Elmont, NY homes for sale, there are 62 Elmont, New York short sales. The median list price is $300,000.

  

The largest group of Elmont NY Short Sales by price range are in the $250,001-$300,000 band. There are 19 homes available in this band.

  

 

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Elmont, New York Homes Sold

The three month period October 30 2010 to January 29 2011, accounted for 36 of the 198 home sales. The median sales price for this three month period was $284,983. Of the 36 home sales, 6 were Elmont New York Short Sales. The median Elmont New York Short Sale price was $260,000.

 

 

 

Education-Elmont Schools

 Elmont Union Free School District

Located on the Queens/Nassau border, the Elmont Union Free School District is comprised of six elementary schools providing a comprehensive pre-k to sixth grade program for children from varied backgrounds and international origins.

The six elementary schools are

Alden Terrace School

Clara H. Carlson School

Covert Avenue School

 Dutch Broadway School

 Gotham Avenue School

Stewart Manor School

 

Elmont Memorial Junior-Senior High School

 Elmont Memorial Junior-Senior High School is part of the Sewanhaka Central High School District. Junior high school students, grades 7 and eight, and high school students, grades 9-12 are located on the same campus but in separate buildings. Elmont Memorial Junior-Senior High School has been recognized statewide and nationally for excellence in education.  Among the awards obtained was the United Sates Department of Education National Blue Ribbon District of Excellence award as part of the Sewanhaka Central High School District.

Data Source: Multiple Listing Service of Long Island

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Elmont, New York Real Estate Trends-January 29, 2011

Elmont, New York 11003

The following is the Elmont Real Estate Trends-January 29, 2011  report. The report covers Elmont, New York homes for sale and homes that have closed over the 12 month period ended January 29, 2011. The report includes analysis of Elmont New York Short Sales, Elmont New York Foreclosures, Elmont New York cooperatives and Elmont New York Condominiums. A free search Elmont, NY Homes for Sale and search Elmont, NY Real Estate option is also available.

The hamlet of Elmont is located in the Town of Hempstead in Nassau County, New York. Elmont, New York is the home of the Belmont Stakes, the third jewel of the Triple Crown, and was also where Heisman Trophy Winner and NFL Quarterback Vinny Testaverde grew up.

 

 

 

 Elmont, New York Homes for Sale

As of January 29, 2011, there were 216 Elmont, NY homes for sale. Of the 216 Elmont, NY homes for sale, there are 4 foreclosure and 62 homes marketed as short sales. The median list price is $339,945.

 

 

Capes make up 96 of the listed properties followed by Colonials (65), Ranch (20), Expanded Cape (10), Two Story  (12)

  

 

The largest group of Elmont NY Homes for Sale by price range were in the $300,001-$350,000 band. There were 60 homes available.

  

 

There was also an active cooperative and condominium market. There were 15 cooperatives available with a median list price of $150, 000 and 2 condominium with a sales price of $314, 495. 

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 Elmont, New York Homes Sold

There were 198 Elmont, NY Real Estate homes sold for the year ended January 29, 2011. Of this number 21 were Elmont, NY Real Estate short sales and 33 were foreclosures.

  

 

The three month period October 30 2010 to January 29 2011, accounted for 41 of the 200 home sales. The median sales price for this three month period was $284,983.

 

 

There were no cooperative or condominium sales.

Mobile phone: 917 533-8475
mailto://Pat@HomeDrivenRealty.com
Website: www.HomeDrivenRealty.com

Data Source: Multiple Listing Service of Long Island

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The Big Cleanup-Elmont NY

Snow Storm 2011

Took this photo on Linden Boulevard in Elmont, New York the day after a major snow storm. The Town of Hempstead and the community did a great job in clearing the snow and preparing for the day. Elmont, New York is located in Nassau County, on the border with Cambria, Heights which is located in New York City. Elmont is home to the Belmont Racetrack where the third jewel of the Triple Crown is held. If you are interested in living in Elmont or Cambria Heights, give Home Driven Realty a call at 516 855-7202 or e-mail Pat@HomeDrivenRealty.com