Content Preview
Newsday 7 day/Optimum Online® subscribers click here for full access
Not a Newsday or Optimum Online® subscriber? Click here
Foreclosure home prices fall on LI
Quick ReadFigures for the first quarter indicate that the full force of the real estate crisis that hit most other states, where discounts are now leveling off, is hitting Long Island hard now, one real estate agent says.
Photo credit: AP | The wave of discount pricing on home that has hit in other states has finally washed over foreclosure pricing in Long Island. (2008)
Sale prices on foreclosures and homes with delinquent borrowers were on average slashed more on Long Island than the rest of the state and nation, RealtyTrac said in a new report made public Wednesday.
The figures, which covered this year's first quarter, put the average price of such sales in Nassau at $318,805, or 34.5 percent off the average price of regular homes sales, while Suffolk's...
Newsday & ExploreLI are now available at no charge to Newsday 7-day and Optimum Online® subscribers. To continue reading, please log in or register now.
