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

Baldwin, New York Real Estate

Baldwin, New York 11510

The Baldwin, New York Real Estate Trends-First Quarter Report, March 31, 2011 covers Baldwin, 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 Baldwin, 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 appear 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, New York Real Estate Number of Homes Sold

The total number of Baldwin, New York Real Estate homes sold for the four year period ended March 31, 2011 declined  from 162 in 2008 to 157 in 2011. This represents a 3.08% decrease in volume.

A closer look at the type of sales over the four year period reveals an increase in the number of Baldwin, New York Real Estate foreclosures and Baldwin, New York Real Estate short sales. The number of foreclosures increased from 2 in 2008 to 16 in 2011. The number of short sales increased from zero in 2008 to 9 in 2011.

With total Baldwin, New York Real Estate sales of 157 for 2011, the 16 Baldwin, New York foreclosure sales represents 10.2 % of total sales and the 9 Baldwin, New York short sales represents 5.6 % of total sales. 

Baldwin, New York Real Estate Median Sales Price Overview

The median sales price of Baldwin, New York Homes over the 4 year period ended March 31, 2011 declined from $417,000 in 2008 to $349,000 in 2011 for a decrease of 16.3%. The median sales price decreased from 2010 to 2011.

The growth in volume of Baldwin, 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, New York Real Estate foreclosures declined from $365,755 in 2008 to $244,000 in 2011. The first Baldwin, New York Real Estate short sale sold data was available in 2009. The Baldwin, New York Real Estate short sale median sales price declined from $402,500 in 2009 to $320,000 in 2011.

Baldwin, New York Real Estate Days on Market Overview

The Baldwin, New York Real Estate days on market decreased from 112 days in 2009 to 98 days in 2011.