2017 ANNUAL
LUXURY MARKET REPORT A N A N A LYS I S O F LO N G I S L A N D A N D Q U E E N S LUXU RY M A R K E T
danielgale.com
Old Westbury, New York – “Haven Hall” SD #2 • MLS# 2985984 • $7,980,000 (Featured on Front Cover)
A N N UA L LU X U RY M A R K E T R E P O RT JANUARY 1 ST, 2017 – DE CE MBE R 31ST, 2017
Properties reported closed by All Brokers on Multiple Listing Service of Long Island. Statistics based on properties sold at $1.5 million and above. Properties closed from January 1 through December 31.
Welcome to our Annual Luxury Market Report. The American economy finished 2017 on a firm footing as did the residential real estate market for Long Island and Queens. This report shares Closed Sales ($1.5 Million and above) for the areas within Nassau and Suffolk Counties, Queens, and the East End serviced by our 27 sales offices. By definition, $1.5 Million is the benchmark typically used to identify the luxury segment but we all recognize there are variations based on location. I’m proud to mention that Daniel Gale Sotheby’s International Realty completed 2017 with $3.3 Billion in Closed Sales Volume (our highest ever), and we also closed more than twice as many transactions above $3 Million than our nearest competitor. Enjoy the contents of this report. Recognize it is data only and certainly does not compare anything about the properties other than price. Please contact any of our knowledgeable sales associates for additional assistance. Sincerely yours,
Patricia J. Petersen President & Chairman of the Board
Center Moriches, New York – “The Lindenmere Estate” SD #33 • MLS# 2931490 • $4,995,000
NA S S AU 2016
2017
Number of Sales
479
449
Days on Market
160
163
Average Price
$2,585,735
$2,499,196
Median Price
$2,000,000
$2,035,000
Highest Price
$19,200,000
$9,500,000
SUFFOLK 2016
2017
Number of Sales
193
228
Days on Market
232
242
Average Price
$2,396,692
$2,452,163
Median Price
$1,800,000
$1,950,000
Highest Price
$11,200,000
$16,500,000
QUEENS 2016
2017
Number of Sales
62
84
Days on Market
113
146
Average Price
$1,717,436
$1,859,738
Median Price
$1,705,000
$1,659,500
Highest Price
$2,650,000
$6,500,000
NASSAU COUNT Y 5-TOWNS
2016 2017
Number of Sales Days on Market Average Price Median Price Highest Price
19 19 162 87 $1,964,409 $1,973,721 $1,800,000 $1,775,000 $2,900,000 $2,991,200
(Hewlett/Hewlett Bay Park/Hewlett Neck/Hewlett Harbor/Woodmere/N. Woodmere/Woodsburgh/ Lawrence/Cedarhurst)
ATLANTIC BEACH Number of Sales Days on Market Average Price Median Price Highest Price
1 3 207 677 $3,010,000 $2,943,333 $3,010,000 $2,000,000 $3,010,000 $4,900,000
KINGS POINT Number of Sales Days on Market Average Price Median Price Highest Price
OYSTER BAY COVE / COVE NECK Number of Sales Days on Market Average Price Median Price Highest Price
PORT WASHINGTON Number of Sales Days on Market Average Price Median Price Highest Price
CENTRE ISLAND
MATINECOCK
Number of Sales Days on Market Average Price Median Price Highest Price
Number of Sales Days on Market Average Price Median Price Highest Price
GLEN COVE / GLEN HEAD / SEA CLIFF Number of Sales Days on Market Average Price Median Price Highest Price
8 7 203 84 $2,142,250 $2,181,654 $1,962,500 $2,070,000 $3,800,000 $4,400,000
Number of Sales Days on Market Average Price Median Price Highest Price
87 94 135 100 $2,417,610 $2,284,638 $2,000,000 $1,948,250 $8,550,000 $5,000,000
Number of Sales Days on Market Average Price Median Price Highest Price
Number of Sales Days on Market Average Price Median Price Highest Price
1 147 $1,735,000 $1,735,000 $1,735,000
0 0 0 0 0
ROSLYN 10 4 129 31 $3,691,500 $3,643,750 $2,958,000 $1,705,000 $9,100,000 $9,500,000
(East Hills/Roslyn Estates/Roslyn Harbor/ Roslyn Heights)
7 8 357 305 $3,094,286 $2,241,250 $2,300,000 $2,267,500 $8,250,000 $3,400,000
SANDS POINT
MUTTONTOWN Number of Sales Days on Market Average Price Median Price Highest Price
19 17 40 41 $1,784,289 $1,848,818 $1,795,000 $1,626,450 $2,275,000 $3,750,000
ROCKVILLE CENTRE 111 108 90 74 $2,274,423 $2,246,459 $1,925,000 $1,927,500 $5,800,000 $6,800,000
22 18 171 197 $2,382,386 $2,612,194 $2,195,000 $2,694,000 $5,250,000 $4,200,000
OLD BROOKVILLE
GREAT NECK Number of Sales Days on Market Average Price Median Price Highest Price
10 12 67 118 $2,020,600 $2,319,792 $1,962,500 $2,275,000 $2,750,000 $3,550,000
MILL NECK 26 23 132 108 $2,053,538 $2,234,674 $1,827,500 $2,100,000 $3,100,000 $4,000,000
14 12 144 211 $2,030,750 $2,375,208 $1,900,000 $1,937,500 $3,700,000 $5,700,000
Number of Sales Days on Market Average Price Median Price Highest Price
Number of Sales Days on Market Average Price Median Price Highest Price
Number of Sales Days on Market Average Price Median Price Highest Price
14 8 175 218 $2,192,714 $2,277,813 $2,087,500 $1,875,000 $3,550,000 $4,150,000
LAUREL HOLLOW
MANHASSET
GARDEN CITY
30 24 148 131 $2,477,183 $2,443,083 $2,272,500 $2,178,500 $5,230,000 $6,800,000
Number of Sales Days on Market Average Price Median Price Highest Price
Number of Sales Days on Market Average Price Median Price Highest Price
3 3 190 263 $4,943,333 $2,958,333 $4,800,000 $3,225,000 $6,280,000 $3,900,000
Number of Sales Days on Market Average Price Median Price Highest Price
LATTINGTOWN / LOCUST VALLEY
BROOKVILLE / UPPER BROOKVILLE 44 36 155 186 $2,629,011 $3,034,444 $2,125,000 $2,500,000 $8,500,000 $8,300,000
OLD WESTBURY 2 6 48 75 $3,583,333 $3,505,500 $3,583,333 $2,750,000 $4,400,000 $6,733,000
14 12 249 111 $2,780,536 $2,654,167 $2,550,000 $2,382,500 $5,600,000 $4,435,000
Number of Sales Days on Market Average Price Median Price Highest Price
Number of Sales Days on Market Average Price Median Price Highest Price
6 8 188 63 $2,024,833 $1,910,625 $1,974,500 $1,700,000 $2,700,000 $3,030,000
31 25 224 173 $3,068,452 $2,294,480 $2,000,000 $1,775,000 $19,200,000 $7,000,000
SUFFOLK COUNT Y 2016 2017 ASHAROKEN / EATONS NECK / CENTERPORT / FORT SALONGA / NORTHPORT Number of Sales Days on Market Average Price Median Price Highest Price
7 10 125 109 $2,132,714 $2,002,650 $1,800,000 $1,600,000 $3,400,000 $3,200,000
2016 2017 COLD SPRING HARBOR Number of Sales Days on Market Average Price Median Price Highest Price
11 16 106 189 $2,830,455 $2,295,938 $2,100,000 $1,975,000 $9,000,000 $7,000,000
OLD FIELD / SETAUKET Number of Sales Days on Market Average Price Median Price Highest Price
1 3 63 141 $1,550,000 $2,050,000 $1,550,000 $1,800,000 $1,550,000 $2,600,000
QUOGUE EAST QUOGUE Number of Sales Days on Market Average Price Median Price Highest Price
2 4 212 478 $1,567,500 $2,500,000 $1,567,500 $2,600,000 $1,575,000 $3,300,000
Number of Sales Days on Market Average Price Median Price Highest Price
20 35 361 311 $3,957,835 $3,522,941 $2,847,500 $2,800,000 $11,200,000 $16,500,000
REMSENBURG HAMPTON BAYS Number of Sales Days on Market Average Price Median Price Highest Price
3 7 323 151 $2,002,033 $2,029,325 $2,150,000 $1,625,000 $2,250,000 $3,020,000
HEAD OF THE HARBOR / NISSEQUOGUE Number of Sales Days on Market Average Price Median Price Highest Price
5 5 279 279 $2,420,000 $2,420,000 $1,570,000 $1,570,000 $4,100,000 $4,100,000
Number of Sales Days on Market Average Price Median Price Highest Price
10 3 328 214 $3,291,500 $1,744,833 $2,065,000 $1,759,500 $10,875,000 $1,900,000
SHELTER ISLAND / SHELTER ISLAND HEIGHTS Number of Sales Days on Market Average Price Median Price Highest Price
26 15 455 518 $2,846,231 $3,237,567 $2,475,000 $2,100,000 $6,300,000 $9,500,000
WESTHAMPTON HUNTINGTON / HUNTINGTON BAY Number of Sales Days on Market Average Price Median Price Highest Price
10 11 115 87 $1,997,050 $2,126,818 $1,715,000 $1,950,000 $2,968,000 $3,450,000
Number of Sales Days on Market Average Price Median Price Highest Price
9 15 318 263 $2,067,031 $2,468,000 $1,950,000 $1,970,000 $3,300,000 $6,500,000
WESTHAMPTON BEACH/QUIOGUE LLOYD HARBOR / LLOYD NECK Number of Sales Days on Market Average Price Median Price Highest Price
20 25 199 112 $2,363,338 $2,143,710 $1,995,000 $2,050,000 $7,150,000 $3,850,000
MELVILLE/DIX HILLS Number of Sales Days on Market Average Price Median Price Highest Price
15 24 100 228 $1,779,250 $1,904,708 $1,770,000 $1,735,000 $2,161,250 $3,000,000
NORTH FORK Number of Sales Days on Market Average Price Median Price Highest Price
26 22 213 275 $2,091,760 $2,761,773 $1,926,250 $2,075,000 $3,599,000 $8,900,000
Number of Sales Days on Market Average Price Median Price Highest Price
20 28 243 214 $2,666,075 $3,726,346 $2,229,500 $3,249,500 $5,025,000 $12,200,000
WESTHAMPTON DUNES Number of Sales Days on Market Average Price Median Price Highest Price
8 5 277 300 $2,784,310 $2,300,000 $2,657,500 $2,025,000 $4,512,980 $3,025,000
QUEENS COUNT Y
2016 2017
BAYSIDE Number of Sales Days on Market Average Price Median Price Highest Price
8 16 145 111 $1,651,000 $1,750,500 $1,556,500 $1,650,000 $2,300,000 $2,400,000
BEECHHURST / MALBA / WHITESTONE Number of Sales Days on Market Average Price Median Price Highest Price
11 14 87 179 $1,814,364 $1,985,421 $1,800,000 $1,669,000 $2,250,000 $5,500,000
DOUGLASTON / LITTLE NECK Number of Sales Days on Market Average Price Median Price Highest Price
18 19 189 144 $1,887,778 $2,164,263 $1,725,000 $1,700,000 $2,650,000 $6,500,000
FLUSHING Number of Sales Days on Market Average Price Median Price Highest Price
20 24 76 87 $1,669,039 $1,669,100 $1,705,000 $1,589,400 $1,880,000 $2,457,000
FRESH MEADOWS / HOLLIS HILLS / JAMAICA ESTATES Number of Sales Days on Market Average Price Median Price Highest Price
0 0 $0 $0 $0
7 121 $1,932,143 $1,800,000 $3,475,000
MASPETH / MIDDLE VILLAGE / RIDGEWOOD Number of Sales Days on Market Average Price Median Price Highest Price
5 4 68 231 $1,565,000 $1,627,000 $1,550,000 $1,604,000 $1,650,000 $1,750,000
L O C AT I O N S AMERICANA MANHASSET 2110 Northern Boulevard, Suite 100 Manhasset, NY 11030 516.365.2319
GREENPORT 114 Main Street Greenport, NY 11944 631.477.0013
ROCKVILLE CENTRE 36 S. Park Avenue Rockville Centre, NY 11570 516.678.1510
BAYSIDE/FLUSHING 35-16B Francis Lewis Boulevard Flushing, NY 11358-1954 718.762.2268
HUNTINGTON 187 Park Avenue Huntington, NY 11743 631.427.6600
SEA CLIFF 266 Sea Cliff Avenue Sea Cliff, NY 11579 516.759.6822
CARLE PLACE/WESTBURY 356 Westbury Avenue Carle Place, NY 11514 516.334.3606
LOCUST VALLEY 1 Buckram Road Locust Valley, NY 11560 516.759.4800
COLD SPRING HARBOR 5 Main Street Cold Spring Harbor, NY 11724 631.692.6770
MANHASSET 364 Plandome Road Manhasset, NY 11030 516.627.4440
SHELTER ISLAND PO Box 631 17 Grand Avenue Shelter Island Heights, NY 11965 631.749.1155
CORPORATE 36 Main Street Cold Spring Harbor, NY 11724 631.423.1180
MATTITUCK PO Box 1477 10095 Main Road Mattituck, NY 11952 631.298.0300
CUTCHOGUE PO Box 922 28080 Main Road Cutchogue, NY 11935 631.734.5439 EAST NORWICH/BROOKVILLE 6300 Northern Boulevard East Norwich, NY 11732 516.922.9155 GARDEN CITY 102 Seventh Street Garden City, NY 11530 516.248.6655 GARDEN CITY WYNDHAM 100 Hilton Avenue Garden City, NY 11530 516.739.7171 GLEN HEAD/OLD BROOKVILLE 240 Glen Head Road Glen Head, NY 11545 516.674.2000
MATTITUCK LOVE LANE PO Box 1710 70 Love Lane Mattituck, NY 11952 631.298.4130
ST. JAMES/SMITHTOWN 499 Lake Avenue St. James, NY 11780 631.584.6600 STONY BROOK/ PORT JEFFERSON 1067 Route 25A Stony Brook, NY 11790 631.689.6980 SYOSSET/WOODBURY 7951 Jericho Turnpike Woodbury, NY 11797 516.677.0030
NORTHPORT 77 Main Street Northport, NY 11768 631.754.3400
WESTHAMPTON BEACH 100 Main Street Westhampton Beach, NY 11978 631.288.1050
PORT WASHINGTON 350 Main Street Port Washington, NY 11050 516.883.2900
WHEATLEY PLAZA 342 Wheatley Plaza Greenvale, NY 11548 516.626.7600
RELOCATION & REFERRALS DEPARTMENT 37 Main Street Cold Spring Harbor, NY 11724 800.445.4460
Each office is independently owned and operated. We are pledged to provide equal opportunity for housing to any prospective customer or client, without regard to race, color, religion, sex, handicap, familial status or national origin.