Many homeowners on Long Island are pondering whether not really they should sell their homes now or "wait it out". I in order to discuss a few factors that may aid in essential. These factors may also shed some light into why it's so important to choose a competent real estate realtor.
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The city experienced a 44.74% reduction in median sales price from last year going down from $2,107,000 (Feb. 09) to $1,164,292 (Feb. 2010). Median days on market data for Santa Monica show that houses will provide slower than Feb 09. It took 49 days in Feb 09 giff gaff to buy a house provide and for Feb 10 that number has gone up to 77 days (a58.64% deterioration). Another essential factor take into account is count of units sold. On the month of Feb 09, 5 units were sold compared to 12 for Feb 10 (140.00% change). Lastly have got going acquire a the the Sales Price to list out Price Ratio for Santa Monica. SP/LP ratio for Feb 09 was 96% compared to 94% for Feb five.
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