- Residential median home sale prices decreased from $686,500 to $660,000
- Condo median home sale prices decreased from $473,500 to $465,000
- Co-Op median homes sale prices decreased from $220,000 to $200,000
If you’re looking to buy a Residential (single/multi-family) home or Condo in Bayside, it is still a good time to buy. Prices are relatively stable and rates are still at historic lows so you still have a wonderful opportunity to buy a home or Condo in Bayside.
If you’re looking to buy a Co-Op in Bayside, you may be able to get a GREAT deal! Bayside Coops saw the largest decline in median home sale prices so you may want to get out there, view some homes, and see what you can get… You may be pleasantly surprised!
If you are a Bayside Residential (Single/Multi-Family) home or Condo owner, your home may not have changed in value much this year over last. The good news is that you have a great opportunity to move up because interest rates are still low and housing affordability is as well. Prices are expected to remain relatively stable so if you are waiting for your home’s value to go up, you may be waiting through 2012.