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

 Baldwin Harbor, New York Real Estate

Baldwin Harbor, New York 11510

The Baldwin Harbor, New York Real Estate Trends-First Quarter March 31, 2011 covers Baldwin Harbor, New York real estate market activity, year to year, for the 4 year period ended December 31, 2010.

The report focuses on the number of Baldwin Harbor, 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. 

The hamlets of Baldwin and Baldwin Harbor are located in The Town of Hempstead on the south shore of Nassau County, Long Island. The two hamlets share the same zip code and school district-the Baldwin Union Free School District. North Baldwin is part of the hamlet of Baldwin. For the purposes of this report, the North Baldwin section of Baldwin will be analyzed separately. Residents consider themselves part of the same community, Baldwin.

Baldwin Harbor, New York Real Estate Number of Homes Sold

The total number of Baldwin Harbor, New York Real Estate homes sold for the four year period ended March 31, 2011 remained stable  from 47 in 2008 to 47 in 2011. The volume of Baldwin Harbor, New York Real Estate sales  decreased from 47 in 2008 to 38 in 2009. This was followed by 1n increase from 38 in 2009 to 50 in 2010.

A closer look at the type of sales over the four year period reveals an decrease in the number of Baldwin Harbor, New York Real Estate foreclosures and increase in Baldwin Harbor, New York Real Estate short sales. The number of foreclosures decreased from 1 in 2008 to 0 in 2011. The number of short sales increased from zero in 2008 to 4 in 2011.

 Baldwin Harbor, New York Real Estate Median Sales Price Overview

The median sales price of Baldwin Harbor, New York Homes over the 4 year period ended March 31, 2011 declined from $499,000 in 2008 to 424,000 in 2011 for a decrease of 15 %. The median sales price decreased from 2008 when it was $499,000 to 2010 when it was $409,000. There has been an increase in median sales price to $424,000 in 2011. 

The growth in volume of Baldwin Harbor, New York Real Estate foreclosures, short sales and the economic downturn have been elements in declining median sales prices. The median sales price of Baldwin Harbor, New York Real Estate foreclosures decreased from $230,500 in 2008 to $0 in 2011 The first Baldwin Harbor, New York Real Estate short sale sold data was available in 2009. The Baldwin Harbor, New York Real Estate short sale median sales price increased from $0 in 2008 to $457,500 in 2011.

Baldwin Harbor, New York Real Estate Days on Market Overview

The Baldwin Harbor, New York Real Estate days on market decreased from 98 days in 2008 to 76 days in 2011.

Data Source: Multiple Listing Service of Long Island