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Real Estate Market Report for Baiting Hollow

October 19th, 2007 category: Real Estate News

Market update: Zip Code 11933, Calverton/Baiting Hollow, New York:

Well, activity in the area is reflective of current market issues. No question- it’s taking longer to sell properties on the North Fork. While pricing with respect to levels of a few years ago does not differ significantly, the number of sold properties does.

Below, statistics on current inventory/solds in 11933 so far in 2007:*

It becomes apparent, when viewing the numbers, that buyers that are willing or able to purchase in the current market are reluctant to do so. A combination of loans that are more difficult to qualify for, in addition to a significant increase in home prices over the last few years is resulting in reluctance. Many are waiting to see what will “happen” with pricing. The media has inundated the real estate venue with predictions that are negative. Until there is clarification, buyers without the need to move appear to be holding off.

If your home is on the market right now, take solace. Many sellers, and Realtors, are befuddled. With buyers getting input from many sources that discourage a purchase, time is on their side. For now.

Some buyers, however, are ready to move forward. If your house leaves a strong impression of clean, attractive, move in ready and priced “right”, your odds are greatly increased. Input from home stagers, while often jarring (for me, anyway) provide insight. Comparable properties provide insight. Call us if you’d like further information on the property condition of those that sold.

*information, while obtained from the mlsli, is deemed reliable but in not guaranteed as such.