Subscribe to This FeedLong Island home purchases fall to 3-year low
Foreclosure closings rise to 3-year high
The number of weekly closings on private homes and condos on Long Island has fallen by 42.3% during the 29 month period beginning January 1, 2007.  During the same period, the number of weekly foreclosure auction sales has risen by 133%.In January 2007, the average number of closings per week was 643, as opposed to 371 in May 2009. The average number of foreclosure auction sales per week was 18, rising to 42 in May 2009.Note: Averages are based on standard trend formulas.
For more information and details on the individual counties, visit The Long Island Real Estate Report Stats/Trends area. |
Some comments about the numbers used for these charts.
The Sales Chart reflects only closed sales of private homes and condos.
Sales that are excluded are in the categories of:
Commercial Property
Vacant Land
Partial Interest
Relocation Sales
This last category removes the duplicate counting of a sale to a relocation company, then the subsequent sale by the relocation company.
Included in the sales numbers are the foreclosure sales, even if they are actually purchased by the lender (REO).
I would be interested to hear any suggestions on how to make these charts more meaningful.
Please post your comments and suggestions.
looks real good!
Nice job Pat – keep it coming! I’ll link out to it – good information.
This is a great networking idea. Blogging has gained huge popularity and continues to do so. Keep up the good work!
This is an important aggregation of the accurate data you supply on a consistent basis that I will certainly utilize!
This looks great Pat; very happy we made the change to your service!
Pat, Thanks for the fresh update. It’s always important to keep on top of the market trends. So keep up the nice job and look forward to new ideas….
You’ve made us “smart” over the last year and a half- looks like our secret’s out. Great job, as ALWAYS-
Laurie
I must say. This site has invaluable information. I talk to my broker and ask him about real estate and it doesnt matter what time of day, month or year it is. He replies the same, “eh, things are slow”. Even when real estate was booming. Its good to see some real info. I once bought a coop from the bank in foreclosure. I sold it for 7 times what I paid for it. I would like to find that deal again.