BaldwinPat's Blog: November 2011

Saint Albans, New York Real Estate Trends-November 24, 2011

Saint Albans NY Real Estate

Saint Albans NY Homes for Sale

Saint Albans, New York 11412

The Saint Albans, New York Real Estate Trends-November 24 2011, part of a Queens, New York Real Estate overview, covers Saint Albans Homes for Sale and Saint Albans, New York Real Estate that has closed over the 12 month period ended November 24 2011. The report, prepared by Home Driven Realty Inc, includes analysis of Saint Albans New York Short Sales, Saint Albans New York Foreclosures, Saint Albans New York cooperatives and Saint Albans New York Condominiums. A free search Saint Albans, New York Homes for Sale and search Saint Albans, New York Real Estate listings option is also available.

The residential community of Saint Albans is located in the southeastern part of the Borough of Queens in New York City, NY. Saint Albans was part of a land grant to Dutch settlers from the Netherlands given by Governor Peter Stuyvesant in 1655.

  Saint Albans New York Homes for Sale

As of November 24 2011, there were 138 Saint Albans, New York homes for sale. Of the 138 Saint Albans, New York homes for sale there is 1 Saint Albans, New York Real Estate foreclosures and 46 Saint Albans, New York Real Estate homes marketed as Saint Albans, New York Real Estate short sales. The median list price is $350,900.

An analysis by price range indicates that the  $350,001-$400,000  range has the most Saint Albans NY Homes available for sale with 42.

 Saint Albans, New York Homes Sold

There were 114 Saint Albans, New York Real Estate homes sold for the year ended November 24, 2011. Of this number 26 were  Saint Albans, New York Real Estate short sales and 23 were Saint Albans, New York Real Estate  foreclosures.

The three month period August 25  2011 to November 24 2011, accounted for 26 of the 114 Saint Albans, New York Real Estate  home sales. The median sales price for this three month period was $275,000.

In My Opinion

The Saint Albans real estate market is a very active one but has to overcome certain obstacles to become truly vibrant. The distressed property pool  of available homes made up of 1 foreclosure and 46 short sales represent 34% of the total homes for sale.

With total sales for the year ending November 24, 2011 of 114 homes, foreclosures and short sales have proven to be attractive to homebuyers making up 43% of the homes sold.

Sales activity for the three month period August 25, 2011-November 24, 2011 continues to be strong with 19 sales. Foreclosures and short sales  dominate, making up 52.6% of the sales for the period.