Search Springfield Gardens New York Short Sale Listings Guide-March 25 2011

Queens, New York Real Estate Overview

Springfield Gardens, New York

The Search Springfield Gardens New York Short Sale Listings Guide-March 25 2011 is a weekly report to assist prospective home buyers and sellers in the purchase or sale of Springfield Gardens, New York Short Sales and Springfield Gardens New York Homes for Sale.

The report provides free multiple listing property search of Springfield Gardens, New York Short Sale information and short sale data. Springfield Gardens Short Sales are also broken down by price range to give purchasers an idea of the number of homes available.

According to the National Association of Realtors Short Sale Basics, "A short sale is a transaction in which the lender or lenders agree to accept less than the mortgage amount owed by the current homeowner. In some cases, the difference is forgiven by the lender, and in others the homeowner must make arrangements with the lender to settle the remainder of the debt.

A short sale can also be the best option for a homeowners who are "upside down" on mortgages because a short sale may not hurt their credit history as much as a foreclosure. As a result, homeowners may qualify for another mortgage sooner once they get back on their feet financially".

While a Springfield Gardens New York Short Sale can represent a "bargain" for buyers, there are many potential pitfalls that buyers should prepare for. Thinking of Making an Offer on a Short Sale, an article published bt the National Association of Realtors, provides a roadmap to a successful Springfield Gardens New York Short Sale purchase.

Springfield Gardens homes sold information is also provided to prospective home buyers and sellers to aid in determining property value.

The residential community of Springfield Gardens is located in the southeastern part of the Borough of Queens in New York City, NY. Springfield Gardens is bounded to the north by Saint Albans, to the east by Laurelton and Rosedale, to the south by John F. Kennedy International Airport, and to the west by Farmers Boulevard.

The area was settled by the Dutch in the 1660s and was farmed until the mid nineteenth century.

  Springfield Gardens, New York Homes for Sale

As of March 25 2011 there were 110 Springfield Gardens,  New York Homes for Sale. Of the 110 Springfield Gardens, New York Homes for Sale, there are 22 homes marketed as short sales. The median list price is $339,500.

The Springfield Gardens, New York Short Sales by price range analysis indicates that the $250,001-$300,000 band have the most homes for sale with 12.

Springfield Gardens, New York Homes Sold

The three month period December 26 2010 to March 25 2011, acounted for 21 of the 98 Springfield Gardens, New York Real Estate home sales. The median sales price for this three month period was $319,000.

 There were 4 Springfield Gardens, NY short Sale during this period with a price of $306,750.