2018 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
Quogue, NY – “Sand Castle” SD #3 • MLS# 3068013 • $19,900,000 (Featured on Front Cover)
A N N UA L L UXU RY M A R K E T R E P O RT JANUARY 1ST, 2018 – DECEMBER 31ST, 2018
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 2018 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 26 sales offices. $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 2018 with $3.47 billion in Closed Sales Volume (our highest ever), and we also closed nearly twice as many transactions above $3 million than our closest 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
Deirdre O’Connell
President & Chairman of the Board
Chief Executive Officer
Sands Point, NY – “Gold Coast Waterfront” SD #4 • MLS# 3043697 • $13,888,000
N A SSAU 2017
2018
Number of Sales
449
423
Days on Market
163
166
Average Price
$2,499,196
$2,396,897
Median Price
$2,035,000
$2,067,250
Highest Price
$9,500,000
$9,600,000
SUFFOLK 2017
2018
Number of Sales
228
258
Days on Market
242
193
Average Price
$2,452,163
$2,434,611
Median Price
$1,950,000
$1,950,000
Highest Price
$16,500,000
$15,000,000
QUEENS 2017
2018
Number of Sales
84
92
Days on Market
146
116
Average Price
$1,859,738
$2,058,882
Median Price
$1,659,500
$1,660,000
Highest Price
$6,500,000
$50,000,000
NASSAU COUNTY 5-TOWNS
2017 2018
Number of Sales Days on Market Average Price Median Price Highest Price
19 21 87 148 $1,973,721 $1,809,440 $1,775,000 $1,700,000 $2,991,200 $3,150,000
(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
3 2 677 376 $2,943,333 $3,977,500 $2,000,000 $3,977,500 $4,900,000 $5,900,000
2017 2018 KINGS POINT
2017 2018 OLD WESTBURY
Number of Sales Days on Market Average Price Median Price Highest Price
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
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
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
23 20 108 84 $2,234,674 $1,866,875 $2,100,000 $1,700,000 $4,000,000 $2,995,000
GLEN COVE / GLEN HEAD / SEA CLIFF Number of Sales Days on Market Average Price Median Price Highest Price
7 6 84 156 $2,181,654 $2,035,500 $2,070,000 $2,094,000 $4,400,000 $2,295,000
GREAT NECK Number of Sales Days on Market Average Price Median Price Highest Price
12 10 118 131 $2,319,792 $2,099,500 $2,275,000 $1,817,500 $3,550,000 $3,700,000
94 62 100 127 $2,284,638 $2,058,823 $1,948,250 $1,875,000 $5,000,000 $3,650,000
Number of Sales Days on Market Average Price Median Price Highest Price
Number of Sales Days on Market Average Price Median Price Highest Price
0 0 0 0 0
4 59 $1,611,250 $1,622,500 $1,650,000
ROSLYN 4 31 $3,643,750 $1,705,000 $9,500,000
0 0 0 0 0
8 7 305 177 $2,241,250 $2,675,857 $2,267,500 $2,900,000 $3,400,000 $3,500,000
MUTTONTOWN Number of Sales Days on Market Average Price Median Price Highest Price
17 18 41 74 $1,848,818 $1,642,611 $1,626,450 $1,583,500 $3,750,000 $2,065,000
ROCKVILLE CENTRE 108 94 74 93 $2,246,459 $2,358,782 $1,927,500 $2,235,000 $6,800,000 $4,700,000
MILL NECK
GARDEN CITY
12 13 211 119 $2,375,208 $2,293,654 $1,937,500 $1,692,500 $5,700,000 $4,600,000
Number of Sales Days on Market Average Price Median Price Highest Price
MANHASSET
Number of Sales Days on Market Average Price Median Price Highest Price
8 10 218 113 $2,277,813 $2,243,400 $1,875,000 $1,834,500 $4,150,000 $5,100,000
LAUREL HOLLOW
Number of Sales Days on Market Average Price Median Price Highest Price
3 3 263 67 $2,958,333 $2,933,333 $3,225,000 $2,950,000 $3,900,000 $4,000,000
24 23 131 170 $2,443,083 $2,553,478 $2,178,500 $2,100,000 $6,800,000 $7,000,000
LATTINGTOWN / LOCUST VALLEY
BROOKVILLE / UPPER BROOKVILLE 36 29 186 238 $3,034,444 $2,624,966 $2,500,000 $2,350,000 $8,300,000 $5,750,000
6 33 75 137 $3,505,500 $3,398,939 $2,750,000 $2,500,000 $6,733,000 $9,600,000
18 17 197 116 $2,612,194 $2,583,235 $2,694,000 $2,400,000 $4,200,000 $4,350,000
(East Hills/Roslyn Estates/Roslyn Harbor/ Roslyn Heights)
Number of Sales Days on Market Average Price Median Price Highest Price
8 11 63 618 $1,910,625 $1,788,636 $1,700,000 $1,670,000 $3,030,000 $2,860,000
SANDS POINT Number of Sales Days on Market Average Price Median Price Highest Price
25 23 173 214 $2,294,480 $2,531,630 $1,775,000 $2,067,250 $7,000,000 $5,400,000
SUFFOLK COUNTY
OLD BROOKVILLE
2017 2018 ASHAROKEN / EATONS NECK / CENTERPORT / FORT SALONGA / NORTHPORT
Number of Sales Days on Market Average Price Median Price Highest Price
Number of Sales Days on Market Average Price Median Price Highest Price
12 17 111 93 $2,654,167 $2,850,523 $2,382,500 $2,365,000 $4,435,000 $7,425,000
10 7 109 117 $2,002,650 $1,754,143 $1,600,000 $1,825,000 $3,200,000 $2,000,000
2017 2018 COLD SPRING HARBOR
2017 2018 OLD FIELD / SETAUKET
Number of Sales Days on Market Average Price Median Price Highest Price
Number of Sales Days on Market Average Price Median Price Highest Price
16 23 189 179 $2,295,938 $2,208,152 $1,975,000 $1,950,000 $7,000,000 $4,595,000
3 3 141 230 $2,050,000 $4,015,000 $1,800,000 $2,275,000 $2,600,000 $8,250,000
QUEENS COUNTY
2017 2018
BAYSIDE EAST QUOGUE Number of Sales Days on Market Average Price Median Price Highest Price
QUOGUE 4 9 478 163 $2,500,000 $2,060,210 $2,600,000 $1,700,000 $3,300,000 $3,355,000
Number of Sales Days on Market Average Price Median Price Highest Price
HAMPTON BAYS
REMSENBURG
Number of Sales Days on Market Average Price Median Price Highest Price
Number of Sales Days on Market Average Price Median Price Highest Price
7 10 151 225 $2,029,325 $2,257,100 $1,625,000 $1,845,000 $3,020,000 $5,700,000
35 33 311 219 $3,522,941 $3,346,197 $2,800,000 $2,375,000 $16,500,000 $14,600,000
16 16 111 107 $1,750,500 $1,767,031 $1,650,000 $1,744,000 $2,400,000 $2,248,000
BEECHHURST / MALBA / WHITESTONE 3 5 214 330 $1,744,833 $2,599,000 $1,759,500 $1,915,000 $1,900,000 $5,083,000
HEAD OF THE HARBOR / NISSEQUOGUE
SHELTER ISLAND / SHELTER ISLAND HEIGHTS
Number of Sales Days on Market Average Price Median Price Highest Price
Number of Sales Days on Market Average Price Median Price Highest Price
5 3 279 128 $2,420,000 $2,670,667 $1,570,000 $2,150,000 $4,100,000 $4,200,000
Number of Sales Days on Market Average Price Median Price Highest Price
15 13 518 334 $3,237,567 $2,293,538 $2,100,000 $1,811,000 $9,500,000 $6,800,000
Number of Sales Days on Market Average Price Median Price Highest Price
14 13 179 149 $1,985,421 $1,992,154 $1,669,000 $1,750,000 $5,500,000 $4,000,000
DOUGLASTON / LITTLE NECK Number of Sales Days on Market Average Price Median Price Highest Price
19 17 144 116 $2,164,263 $1,897,176 $1,700,000 $1,580,000 $6,500,000 $3,400,000
FLUSHING HUNTINGTON / HUNTINGTON BAY
WESTHAMPTON
Number of Sales Days on Market Average Price Median Price Highest Price
Number of Sales Days on Market Average Price Median Price Highest Price
11 10 87 113 $2,126,818 $1,828,500 $1,950,000 $1,600,000 $3,450,000 $2,680,000
LLOYD HARBOR / LLOYD NECK Number of Sales Days on Market Average Price Median Price Highest Price
25 47 112 108 $2,143,710 $1,636,611 $2,050,000 $1,299,000 $3,850,000 $5,800,000
15 14 263 265 $2,468,000 $2,296,297 $1,970,000 $2,036,830 $6,500,000 $3,900,000
WESTHAMPTON BEACH/QUIOGUE Number of Sales Days on Market Average Price Median Price Highest Price
28 21 214 215 $3,726,346 $3,187,023 $3,249,500 $2,940,000 $12,200,000 $6,500,000
MELVILLE/DIX HILLS
WESTHAMPTON DUNES
Number of Sales Days on Market Average Price Median Price Highest Price
Number of Sales Days on Market Average Price Median Price Highest Price
24 8 228 80 $1,904,708 $1,715,964 $1,735,000 $1,755,000 $3,000,000 $1,875,000
NORTH FORK Number of Sales Days on Market Average Price Median Price Highest Price
22 43 275 177 $2,761,773 $2,907,093 $2,075,000 $2,050,000 $8,900,000 $15,000,000
5 9 300 198 $2,300,000 $2,178,278 $2,025,000 $1,975,000 $3,025,000 $3,587,500
Number of Sales Days on Market Average Price Median Price Highest Price
24 35 87 86 $1,669,100 $3,205,597 $1,589,400 $1,660,000 $2,457,000 $50,000,000
FRESH MEADOWS / HOLLIS HILLS / JAMAICA ESTATES Number of Sales Days on Market Average Price Median Price Highest Price
7 6 121 121 $1,932,143 $1,661,333 $1,800,000 $1,655,000 $3,475,000 $1,788,000
MASPETH / MIDDLE VILLAGE / RIDGEWOOD Number of Sales Days on Market Average Price Median Price Highest Price
4 5 231 117 $1,627,000 $1,830,000 $1,604,000 $1,700,000 $1,750,000 $2,275,000
L O C AT I O N S AMERICANA MANHASSET 2110 Northern Boulevard, Suite 100 Manhasset, NY 11030 516.365.2319
GREAT NECK 42B Middle Neck Road Great Neck, NY 11021 516.466.4036
ROCKVILLE CENTRE 36 S. Park Avenue Rockville Centre, NY 11570 516.678.1510
ASTORIA/LONG ISLAND CITY 35-37 36th Street, 2nd Floor Astoria, NY 11106 718.650.5855
GREENPORT 114 Main Street Greenport, NY 11944 631.477.0013
SEA CLIFF 266 Sea Cliff Avenue Sea Cliff, NY 11579 516.759.6822
BAYSIDE/FLUSHING 35-16B Francis Lewis Boulevard Flushing, NY 11358-1954 718.762.2268
HUNTINGTON 187 Park Avenue Huntington, NY 11743 631.427.6600
SHELTER ISLAND 17 Grand Avenue Shelter Island Heights, NY 11965 631.749.1155
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
SMITHTOWN 81 Route 111 Smithtown, NY 11787 631.584.6600
COLD SPRING HARBOR 5 Main Street Cold Spring Harbor, NY 11724 631.692.6770
MANHASSET 364 Plandome Road Manhasset, NY 11030 516.627.4440
STONY BROOK/ PORT JEFFERSON 1067 Route 25A Stony Brook, NY 11790 631.689.6980
CORPORATE 36 Main Street Cold Spring Harbor, NY 11724 631.423.1180
MATTITUCK 10095 Main Road Mattituck, NY 11952 631.298.0300
CUTCHOGUE 28080 Main Road Cutchogue, NY 11935 631.734.5439
MATTITUCK LOVE LANE 70 Love Lane Mattituck, NY 11952 631.298.4130
EAST NORWICH/BROOKVILLE 6300 Northern Boulevard East Norwich, NY 11732 516.922.9155
NORTHPORT 77 Main Street Northport, NY 11768 631.754.3400
GARDEN CITY 102 Seventh Street Garden City, NY 11530 516.248.6655
PORT WASHINGTON 350 Main Street Port Washington, NY 11050 516.883.2900
GLEN HEAD/OLD BROOKVILLE 240 Glen Head Road Glen Head, NY 11545 516.674.2000
RELOCATION & REFERRALS 37 Main Street Cold Spring Harbor, NY 11724 800.445.4460
SYOSSET/WOODBURY 7951 Jericho Turnpike Woodbury, NY 11797 516.677.0030 WESTHAMPTON BEACH 100 Main Street Westhampton Beach, NY 11978 631.288.1050 WHEATLEY PLAZA 342 Wheatley Plaza Greenvale, NY 11548 516.626.7600
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