North Babylon, NY

North Babylon NY Housing Market for December 2011

North Babylon NY covers three school districts: Babylon Schools, West Babylon Schools and North Babylon Schools. So depending upon where you buy your home in North Babylon NY, will result in what school district your children will attend.

North Babylon NY Housing Market for December 2011:

December 2011 - Median Sold Price: $295,000 - 7 Homes Sold - 105 days on the market
December 2010 - Median Sold Price: $270,000 - 11 Homes Sold - 53 days on the market

7 homes went under contract with a median asking price of $294,000

76 North Babylon NY homes are currently available for sale with a median asking price of $317,000
1 home is in the Babylon School District with an asking price of $365,000
75 homes are in the North Babylon School District with a median asking price of $309,990

Obviously, there are more choices of homes in North Babylon NY with the North Babylon School District than homes that are for sale in North Babylon in the Babylon School District.

When you find a North Babylon NY home for sale in the Babylon School District that you really like, grab it because those homes do not stay on the market for long.

What home did you miss out on in 2011? This one:

The home above I sold to my buyer and we closed in December 2011. It was a great REO home that only needed a kitchen and the rest in aesthetics, not a gut job. A four bedroom, seven room, 2 car garage Colonial with an in-ground pool situation on park-like grounds with a 75 x 75 property size. Sold for $328,000.

Search homes for sale in North Babylon below:

Another REO Property Sold in
North Babylon NY!

This REO property in North Babylon NY is a 7 room Colonial with 4 large bedrooms. The master bedroom has a full bath. Also has a 2 car garage and an in-ground pool!

Located in the Poet Section of North Babylon NY.

Sold for $328,000 and the buyer's bank appraiser appraised it for $350,000. Yes, my buyers got a good deal!

The bank who owned the home actually finished the hardwood floors before putting it on the market. Very smart!

I have to say that this is my second buyer who bought an REO property and the experiences have been positive. No major issues.

With REO properties, a deep title search must be done. It is called a title chain. Research needs to be done thoroughly to make sure the buyer doesn't have problems in the future when it comes to owning the home. You don't want a former owner coming to the door stating they still own the home. This is why hiring a real estate attorney who is experienced with REO properties is essential.

My buyers couldn't be happier! The Poet Section of North Babylon will be getting a very nice family moving in!

North Babylon Fire Department Station 3 Haunted House

The North Babylon Fire Department Station 3 Haunted House is back! Every weekend in October: Friday, Saturday and Sunday rain or shine. Except for 10/15/11 it will be closed.

Voted #1 Long Island Haunted Houses.com

Admission: $10.00 per victim <-----gotta love that!
Where: Wallace Court and Garnett Street in North Babylon. Directions & Map

Firehouse of Terror Photos

North Babylon NY Real Estate Sold Prices For 2010

95 homes sold in North Babylon NY in 2010. Sold prices range from $154,000 to $425,000.

As you can see in my chart, the last 2 months of 2010 held steady. I'm hoping that trend continues for 2011.

The average property tax is $8,596.

The average listing price to sold price ratio is 5.11%. This means that the average home in North Babylon NY sold for a little less than 95% of asking price. This is why I say a good home deserves a good sold price!

Out of the 199 homes that sold in 2010, 9 of them are short sales and 5 are REO properties. It's a good thing to get short sales and REO properties sold and off the market. Too many of either can drive the North Babylon NY real estate market down.

Currently there are 23 short sale homes on the market in North Babylon NY and four REO properties. Let's hope these short sale homes close this year!

North Babylon NY Real Estate Trends Week Ending 12/26/10

North Babylon NY Homes For Sale: Two homes were listed last week. One is listed for $369,900 and is a colonial style home. It is also an REO property. It has gleaming hardwood floors. It's a shame to see homes like this succumb to an REO. The other is $399,000 and is an expanded cape. They are both in the North Babylon School District.

North Babylon NY Homes Under Contract: One home went under contract last week. It is in the North Babylon School District and is not a short sale or REO property. It was on the market for 51 days. It was completely renovated and buyers love that.

North Babylon NY Sold Homes: Three homes sold. The sold prices range from $206,000 (REO) to $375,000. The other 2 were regular resale homes. All three homes are in the North Babylon School District.

Call me today (631) 703-0201 to find out what your North Babylon NY home is worth in today's market. There is no obligation!