2018 Annual Luxury Market Report

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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