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

Rosedale, New York Real Estate

Rosedale, New York 11422

The Rosedale, New York Real Estate Trends-First Quarter Report March 31, 2011 covers Rosedale, 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 Rosedale, 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 residential community of Rosedale is located in the southeastern part of the Borough of Queens in New York City, NY. Rosedale is bordered to the north by Cambria Heights, to the east by Valley Stream and North Woodmere (both in Nassau County), the west by Laurelton and to the south by John F. Kennedy International Airport

Rosedale, New York Real Estate Number of Homes Sold

The total number of Rosedale, New York Real Estate homes sold for the four year period ended March 31, 2011 decreased from 100 in 2008 to 95 in 2011. The volume of Rosedale , New York Real Estate sales realized its biggest drop from 2010, when it was 108, to 2011, when it was 95.

A closer look at the type of sales over the four year period reveals an increase in the number of Rosedale, New York Real Estate foreclosures and Rosedale, New York Real Estate short sales. The number of foreclosures increased from 2 in 2008 to 17 in 2011. The number of short sales increased from zero in 2008 to 13 in 2011.

With total Rosedale, New York Real Estate sales of 95 for 2011, the 17 Rosedale, New York Real Estate foreclosure sale represents 17.9% of total  sales and the 13 Rosedale, New York Real Estate short sales represents 13.5% of total sales. 

 Rosedale, New York Real Estate Median Sales Price Overview

The median sales price of Rosedale, New York Homes over the 4 year period ended March 31, 2011 declined from $450,000 in 2008 to $355,000 in 2011 for a decrease of 21.1 %. The median sales price has been decreasing year to year from 2008 to 2010. The median sales price levelled off from 2010 to 2011.

The growth in volume of Rosedale, New York Real Estate foreclosures, short sales and the economic downturn have been elements in declining median sales prices. The median sales price of Rosedale, New York Real Estate foreclosures decreased from $365,893 in 2008 to $270,000 in 2011. The first Rosedale, New York Real Estate short sale sold data was available in 2009. The Rosedale, New York Real Estate short sale median sales price decreased from $376,288 in 2009 to $320,000 in 2011.

Rosedale, New York Real Estate Days on Market Overview

The Rosedale, New York Real Estate days on market decreased from 72 days in 2008 to 70 days in 2011.