The Right Move
Carlene Calabrese
631-876-7892631-876-7892

Babylon Area Home Sales

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The shortage of available houses in many areas continue to affect current home sale prices.  This is true for most of Suffolk County.  Many buyers are finding that they are inadvertently engaged in a bidding war which is prolonging their home search.  According to National Association of Realtors (NAR) “Buyers typically searched for 10 weeks and looked at a median of 10 homes.  The most common type of home purchased continues to be the detached single family home, which made up 83 percent of all homes sold.  Eighty-eight percent of all buyers used a real estate agent and also financed their home purchase.   In choosing a real estate agent, buyers value honesty, trustworthiness and knowledge.

Housing prices in Suffolk County has continued its gradual increase with a 6.2 increase in sale price since last October.  The current median list price in Suffolk County is $450,000.

In Babylon 15 houses closed during the month of October.  Of the 15, 8 are in Babylon School District, 5 in West Babylon School District and 2 in Babylon School District. 

The lowest sold home was a 4 bedroom 3 bath expanded cape on Foster Ave with an original list price of $399,000.  This home was on the market for 19 days and sold for $381,000.

The highest sold home was a 4 bedroom 2 1/2 bath colonial on Argyle Ave.  With an original list price of $899,990, this home was on the market for 150 days and sold for $790,000.

Of the 15 houses bought in Babylon, 9 financed using conventional loans, 2 FHAs, 2 VA loans, 1 was listed as unknown and 1 was all cash.

The median list price in Babylon is $559,990.  As of the writing of this post, there are 60 houses available for sale.  36 are in Babylon School District, 19 is in West Babylon School District and 5 are in N. Babylon School District.

In North Babylon, 13 houses closed during the month of October.  All 13 are in North Babylon School District.  The lowest sold home was a 4 bedroom, 1 bath cape on Shade St.  Originally listed at $289,000, it was on the market for 156 days and sold for $260,000.

The highest sold house in North Babylon was a 6 bedroom, 3 bath split on Ida Lane.  This home was originally listed at $484,900, was on the market for 34 days and sold for $470,000.

Of the 13 houses bought in North Babylon, 5 were financed through conventional loans, 4 FHA loans, 2 were listed as unknown and 2 were all cash.

The median list price in North Babylon is $360,000.  Currently there are 55 houses available, all of which are in North Babylon School District.

32 houses were sold in West Babylon during the month of October.  There was 1 short sale and 2 foreclosures.  Of the 32 homes sold, 21 are in West Babylon School District, 8 in North Babylon School District and 3 are in Babylon School District.

The lowest sold house was a 3 bedroom, 1 bath ranch on Hawthorne Ave.  The house was originally listed at $199,900.  It was on the market for 232 days and sold for $150,000.

The highest sale price for a house in West Babylon last month was a 4 bedroom, 2 ½ bath colonial on Palm Place.  This house was originally listed at $429,000, it was on the market for 136 days and sold for $435,000.

Of the 32 houses bought in West Babylon, 16 were financed with conventional loans, 6 were FHA loans, 3 were listed as unknown, there was 1 VA loan and 6 were all cash.

There are currently 53 houses available in W. Babylon.  36 are in W. Babylon School District, 14 are in N. Babylon School District and 2 are in Babylon School District and 1 is in Wyandanch School District.  The current median list price is $375,000.

In Deer Park, 19 houses sold in October all of which are in Deer Park School District.  There was 1 short sale and 2 foreclosures.  The lowest sale price was a 3 bedroom, 2 bath ranch on Lake Ave.  Listed at $169,000, it was on the market for 4 days and sold for $146,000.

The highest sold house was a 4 bedroom, 2 ½ bath colonial on Carlls Path.  Originally listed at $459,000, it was on the market for 39 days and sold for $440,000.

Of the 19 houses bought in Deer Park, 6 were financed with conventional loans, 2 were FHA loans, 6 were listed as unknown, there was 1 VA loan and 4 were all cash.

The median list price in Deer Park is currently $377,000 with 64 homes available for sale.  Of these houses, 60 are in Deer Park School District and 4 are in Half Hollow Hills School District.

http://193siegelblvd.beautifulhome.forsale/

Contact me for additional information for these or any other town on Long Island.

Whether Buying or Selling Contact Me, Carlene Calabrese – It’s The Right Move!

http://www.longislandrealtor.info/

 

 

 

 

 

 

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