Sep

17

Long Island Real Estate Market: 2 In 3 Homes Underwater In Western Suffolk!

Filed Under Long Island Foreclosure Stats, Sellers |


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Today I was searching homes in Lindenhurst, Babylon and West Babylon for a buyer. I had certain criteria in my search guidelines which included number of bedrooms and price.

My initial search yielded 121 homes.

I then remembered that my buyer was not interested in short sales or foreclosures, so I updated my search criteria to include NO short sales and NO foreclosures.

My updated search yielded…40 homes.

That’s an 81 home difference. That means that over 66% of homes (or 2 in 3 homes) is a distressed sale.

That is absolutely unbelievable…

I wrote this on my blog at tommcgiveron.blogspot.com.



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  1. Long Island Real Estate Market | Tom McGiveron | Coldwell Banker Realtors on September 22, 2009 10:32 am

    […] Now bringing things back down to us, read my last articles about the Long Island market: August Update Distressed Properties […]