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Cambria Heights, New York Real Estate Trends-First Quarter Report March 31, 2011
Cambria Heights, New York Real Estate
Cambria Heights, New York 11411
The Cambria Heights, New York Real Estate Trends-First Quarter Report March 31, 2011 covers Cambria Heights, 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 Cambria Heights, 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.
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Year
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2008
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2009
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2010
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2011
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Period Covered
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4/1/2007-3/31/2008
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4/1/2008-3/31/2009
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4/1/2009-3/31/2010
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4/1/2010-3/31/2011
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The residential community of Cambria Heights is located in the southeastern part of the Borough of Queens in New York City, NY.
Cambria Heights, New York Real Estate Number of Homes Sold
The total number of Cambria Heights, New York Real Estate homes sold for the four year period ended March 31,2011 decreased from 80 in 2008 to 62 in 2011. The volume of Cambria Heights , New York Real Estate sales realized its biggest drop from 2008, when it was 80 to 2009, when it was 59.
A closer look at the type of sales over the four year period reveals an increase in the number of Cambria Heights, New York Real Estate foreclosures and Cambria Heights, New York Real Estate short sales. The number of foreclosures increased from 1 in 2008 to 15 in 2011. The number of short sales increased from zero in 2008 to 5 in 2011.
With total Cambria Heights, New York Real Estate sales of 62 for 2011, the 15 Cambria Heights, New York Real Estate foreclosure sale represents 24.2 % of total sales and the 5 Cambria Heights, New York Real Estate short sales represents 8.1 % of total sales.
Cambria Heights, New York Real Estate Median Sales Price Overview
The median sales price of Cambria Heights, New York Homes over the 4 year period ended March 31, 2011 declined from $441,000 in 2008 to $357,500 in 2011 for a decrease of 18.9 %. The median sales price has been decreasing year to year from 2008 to 2010. The median sales price increased from 2010 to 2011..
The growth in volume of Cambria Heights, New York Real Estate foreclosures, short sales and the economic downturn have been elements in declining median sales prices. The median sales price of Cambria Heights, New York Real Estate foreclosures decreased from $380,000 in 2008 to $242.000 in 2011. The first Cambria Heights, New York Real Estate short sale sold data was available in 2009. The Cambria Heights, New York Real Estate short sale median sales price decreased from $300,000 in 2008 to $256,000 in 2011.
Cambria Heights, New York Real Estate Days on Market Overview
The Cambria Heights, New York Real Estate days on market decreased from 72 days in 2008 to 56 days in 2011.
Data Source: Multiple Listing Service of Long Island
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Data Source: Multiple Listing Service of Long Island
Information deemed Relable but not Guaranteed.
All photos and written content were produced by Patrick White. All Rights Reserved. This content may not be reproduced or reprinted, except for Active Rain Re-blogging, without express written permission of Patrick White, REALTOR®, Home Driven Realty, Inc., Baldwin, New York.
Patrick White, IMSD, e-Pro, RSPS, SFR, SRES, Realtor
Licensed Real Estate Broker
Certified HUD Foreclosure Broker
Home Driven Realty Inc
www.HomeDrivenRealty.com
mailto://Pat@HomeDrivenRealty.com
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Twitterhttp://twitter.com/#!/BaldwinLI
Mobile Telephone: 516 855-7202
Fax: 516 867-6476
 
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