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Springfield Gardens, New York Real Estate Trends-First Quarter Report March 31 2011
Springfield Gardens, New York Real Estate
Springfield Gardens, New York 11413
The Springfield Gardens, New York Real Estate Trends-First Quarter Report March 31, 2011 covers Springfield Gardens, 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 Springfield Gardens, 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 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 Real Estate Number of Homes Sold
The total number of Springfield Gardens, New York Real Estate homes sold for the four year period ended March 31, 2011 increased from 66 in 2008 to 102 in 2011 . The home sales volume increased from 2010 to 2011.
A closer look at the type of sales over the four year period reveals an increase in the number of Springfield Gardens, New York Real Estate foreclosures and Springfield Gardens, New York Real Estate short sales. The number of foreclosures increased from 2 in 2008 to 30 in 2011. The number of short sales increased from zero in 2008 to 9 in 2011.
With total Springfield Gardens, New York Real Estate sales of 102 for 2011, the 30 Springfield Gardens, New York Real Estate foreclosure sale represents 29.4 % of total sales and the 9 Springfield Gardens, New York Real Estate short sales represents 8.8 % of total sales.
Springfield Gardens, New York Real Estate Median Sales Price Overview
The median sales price of Springfield Gardens, New York Homes over the 4 year period ended March 31, 2011 declined from $449.950 in 2008 to $305,000 in 2011 for a decrease of 32.2 %. The median sales price has been decreasing year to year from 2008 to 2011.
The growth in volume of Springfield Gardens, New York Real Estate foreclosures, short sales and the economic downturn have been elements in declining median sales prices. The median sales price of Springfield Gardens, New York Real Estate foreclosures decreased from $367,662 in 2008 to $275,750 in 2011. The first Springfield Gardens, New York Real Estate short sale sold data was available in 2009. The Springfield Gardens, New York Real Estate short sale median sales price decreased from $357,500 in 2009 to $283,500 in 2011.
Springfield Gardens, New York Real Estate Days on Market Overview
The Springfield Gardens, New York Real Estate days on market decreased from 74 days in 2008 to 50 days in 2011.
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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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