Two houses sold in March 2009, not a good month for the Village or for home sales in general.
The Standard & Poor’s/Case-Shiller National Home Price index reported home prices tumbled by 19.1 percent in the first quarter, the most in its 21-year history. Home prices have fallen 32.2 percent since peaking in the second quarter of 2006.
Home prices in the New York area fell 11.8 percent.
The S&P/Case-Shiller U.S. National Home Price Index continues to set record declines, a trend that began in late 2007.
The index, which covers all nine U.S. census divisions, recorded a 19.1 percent decline in the first quarter of 2009 from the first quarter of 2008, the largest decline in the 21-year history of the series.
As of March 2009, average home prices across the United States were at similar levels to those in the fourth quarter of 2002. From the peak in the second quarter of 2006, average home prices are down 32.2 percent
Actually ony one house sale in the Village proper. One of the sales was up north but still in the 11702 zip code. Some mildly better news for April, though. Stay tuned.
79 Village Line Rd
- MLS# 2129415 – Zillow Page
- Sold: $435,000 – 3/30/2009
- Prior Sales: None
- 4 bedrooms – 2 bath – Tudor
- Taxes: $11,921 – Village Taxes: None
North Babylon schools and not in the Village proper, but a nice big house on a large piece of property. Pictures of the kitchen and bath make them seem to be reasonably updated.
Ask on this house was $469,990. Not a bad deal here.
56 Clinton St
- MLS# 2129129 – Zillow Page
- Sold: $385,000 – 3/31/2009
- Prior Sales: none
- 3 bedrooms – 1 bath – Ranch
- Taxes: $8,019 – Village Taxes: $748
Debra saw this one and wasn’t impressed. It’s a smallish ranch with one bathroom and an ugly ugly kitchen. My other main concern was with the sun room that was built without a permit. It did have a cool finished basement, though.
The asking price here was $419,999 and I’m a little surprised it went for that much.