Saint Albans New York Real Estate Trends First Quarter Report March 31 2011

Saint Albans, New York Real Estate

Saint Albans, New York 11412

The Saint Albans, New York Real Estate Trends-First Quarter Report March 31, 2011 covers Saint Albans, 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 Saint Albans, 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 Saint Albans is located in the southeastern part of the Borough of Queens in New York City, NY. Saint Albans was part of a land grant to Dutch settlers from the Netherlands given by Governor Peter Stuyvesant in 1655.

 Saint Albans, New York Real Estate Number of Homes Sold

The total number of Saint Albans, New York Real Estate homes sold for the four year period ended March 31, 2011 increased from 102 in 2008 to 132 in 2011.  The volume of Saint Albans , New York Real Estate sales realized its biggest drop from 2010, when it was 151, to 2011, when it was 132. 

A closer look at the type of sales over the four year period reveals an increase in the number of Saint Albans, New York Real Estate foreclosures and Saint Albans, New York Real Estate short sales. The number of foreclosures increased from 2 in 2008 to 21 in 2011. The number of short sales increased from zero in 2008 to 24 in 2011.

With total Saint Albans, New York Real Estate sales of 132 for 2011, the 21 Saint Albans, New York Real Estate foreclosure sale represents 15.9 % of total sales and the 24 Saint Albans, New York Real Estate short sales represents 18.2 % of total sales. 

Saint Albans, New York Real Estate Median Sales Price Overview

The median sales price of Saint Albans, New York Homes over the 4 year period ended March 31, 2011 declined from $401,000 in 2008 to $325,000 in 2011 for a decrease of 19%. The median sales price has decreased from 2008 to 2010. It incresaed from 2010 to 2011.

The growth in volume of Saint Albans, New York Real Estate foreclosures, short sales and the economic downturn have been elements in declining median sales prices. The median sales price of Saint Albans, New York Real Estate foreclosures decreased from $292,800 in 2008 to $242,000 in 2011. The first Saint Albans, New York Real Estate short sale sold data was available in 2009. The Saint Albans, New York Real Estate short sale median sales price deccreased from $222,500 in 2009 to $255,000 in 2011.

Saint Albans, New York Real Estate Days on Market Overview

The Saint Albans, New York Real Estate days on market decreased from 77 days in 2008 to 70 days in 2011.