2018 Third Quarter Report
MARKET REPORT January 1st - September 30th, 2018
21 Offices Located Throughout Long Island
HUNTINGTON
COMMACK*
NORTHPORT
LOCUST VALLEY
SMITHTOWN WOODBURY
EAST NORTHPORT
MILLER P
SYOSSET HICKSVILLE*
COLD SPRING HARBOR
GARDEN CITY
ME
DIX HILLS BABYLON ROCKVILLE CENTRE FLORAL PARK EAST MEADOW*
PATCHO
MERRICK MASSAPEQUA PARK
PLACE*
EDFORD
Table of Contents Babylon Township
5
Brookhaven Township
6-7
Hempstead Township
8-9
Huntington Township
10
Islip Township
11
North Hempstead Township
12
Oyster Bay Township
13-14
Smithtown Township
16
THINKING OF MAKING A MOVE? NOW IS THE TIME!
CALL 877.273.3750
OGUE
*OFFICES COMING SOON
From Our Perspective IS THE MARKET SHIFTING? As the seasons change, we are starting to notice a shift in the Real Estate landscape on Long Island. In a year-over-year analysis of closed sales activity, Nassau County is down 1% from the previous year, and Suffolk County is down 2%. While the number of home sales may be slowing down, prices are still on the rise. The average sales price in Nassau County has risen 3.6%, while Suffolk County has seen a gain of 5.5% year-over-year. With interest rates rising, buying power is diminishing, therefore sellers now need to be even more aware of where to position their home on the market to sell. Contrary to many news stories, the number of homes listed for sale in 2018 have actually increased on a year-over-year basis. Another observation of the Long Island market is that the first-time buyer home inventory is moving very quickly, while the luxury market in many areas is slowing down, with more inventory for buyers to choose from.
4
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BABYLON TOWNSHIP MARKET REPORT 2018 Third Quarter Report • January 1st - September 30th
% Town
Average Sales Price 2017
Average Sales Price 2018
Year Over Year Change
No. Homes Sold 2017
No. Homes Sold 2018
No. Days on Market 2017
No. Days on Market 2018
Amity Harbor
$308,290
$368,235
19.4%
20
17
129
87
Amityville
$326,868
$361,366
10.6%
148
141
93
67
Babylon
$504,684
$542,381
7.5%
97
92
86
80
Copiague
$300,816
$347,686
15.6%
95
118
89
75
Deer Park
$349,367
$381,049
9.1%
213
196
75
53
Lindenhurst
$331,920
$357,569
7.7%
326
324
76
67
North Babylon
$345,636
$363,446
5.2%
135
120
70
65
West Babylon
$339,511
$360,033
6.0%
233
216
66
54
Wheatley Heights
$349,268
$395,964
13.4%
38
35
93
54
Wyandanch
$164,357
$207,612
26.3%
44
64
162
51
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5
BROOKHAVEN TOWNSHIP MARKET REPORT 2018 Third Quarter Report • January 1st - September 30th
% Town
6
Average Sales Price 2017
Average Sales Price 2018
Year Over Year Change
No. Homes Sold 2017
No. Homes Sold 2018
No. Days on Market 2017
No. Days on Market 2018
Belle Terre
$1,059,154
$1,031,975
-2.6%
13
10
166
151
Bellport
$205,964
$232,549
12.9%
59
69
85
62
Blue Point
$382,676
$471,353
23.2%
37
41
87
71
Brookhaven
$514,584
$373,521
-27.4%
24
29
88
124
Center Moriches
$447,041
$387,773
-13.3%
84
87
213
122
Centereach
$291,726
$331,379
13.6%
189
175
73
59
Coram
$290,502
$318,160
9.5%
176
178
75
82
East Moriches
$504,208
$437,527
-13.2%
37
43
143
110
East Setauket
$446,708
$420,050
-6.0%
52
53
83
78
Farmingville
$314,921
$334,364
6.2%
143
120
68
59
Holbrook
$367,426
$395,837
7.7%
156
148
79
52
Holtsville
$368,277
$396,824
7.8%
82
60
75
56
Lake Grove
$392,151
$402,817
2.7%
96
99
71
77
Lake Ronkonkoma $304,092
$337,614
11.0%
76
100
64
51
Manorville
$426,533
$477,344
11.9%
72
80
176
98
Mastic
$173,066
$215,661
24.6%
134
152
90
69
Medford
$285,691
$319,878
12.0%
196
212
77
76
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BROOKHAVEN TOWNSHIP MARKET REPORT 2018 Third Quarter Report • January 1st - September 30th
% Town
Average Sales Price 2017
Average Sales Price 2018
Year Over Year Change
No. Homes Sold 2017
No. Homes Sold 2018
No. Days on Market 2017
No. Days on Market 2018
Middle Island
$260,468
$288,586
10.8%
73
69
80
75
Miller Place
$402,966
$445,205
10.5%
112
103
115
79
Moriches
$359,234
$378,361
5.3%
16
18
109
126
Mt Sinai
$472,039
$504,959
7.0%
80
94
81
86
Patchogue
$270,231
$311,466
15.3%
194
217
82
56
Pt Jefferson
$501,262
$459,150
-8.4%
54
61
98
118
Pt Jefferson Station $318,815
$351,165
10.1%
193
161
88
62
Ridge
$304,554
$314,179
3.2%
89
83
111
98
Rocky Point
$261,368
$285,031
9.1%
167
151
100
71
Selden
$269,095
$315,809
17.4%
172
219
76
62
Setauket
$610,187
$657,656
7.8%
107
117
114
86
Shirley
$202,877
$234,738
15.7%
272
297
88
81
Shoreham
$390,090
$440,959
13.0%
44
57
116
113
Sound Beach
$250,586
$275,668
10.0%
101
94
93
66
Stony Brook
$477,516
$482,233
1.0%
129
110
97
78
Yaphank
$380,897
$295,343
-22.5%
43
42
141
64
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7
HEMPSTEAD TOWNSHIP MARKET REPORT 2018 Third Quarter Report • January 1st - September 30th
% Town
8
Average Sales Price 2017
Average Sales Price 2018
Year Over Year Change
No. Homes Sold 2017
No. Homes Sold 2018
No. Days on Market 2017
No. Days on Market 2018
Atlantic Beach
$904,160
$1,126,402
24.6%
25
17
245
173
Baldwin
$406,293
$446,222
9.8%
160
182
80
76
Baldwin Harbor
$395,808
$539,450
36.3%
13
12
137
117
Bellerose
$629,779
$657,781
4.4%
69
80
62
64
Bellmore
$501,312
$559,516
11.6%
130
138
88
89
Cedarhurst
$793,593
$735,903
-7.3%
43
31
95
58
East Meadow
$497,790
$522,110
4.9%
193
235
53
56
East Rockaway
$448,918
$459,320
2.3%
80
66
111
95
Elmont
$409,975
$426,602
4.1%
196
187
76
73
Franklin Square
$502,859
$541,679
7.7%
136
126
61
61
Freeport
$336,235
$371,667
10.5%
225
245
96
86
Garden City
$1,032,842
$1,005,527
-2.6%
194
180
68
55
Garden City South $580,769
$631,559
8.7%
13
17
74
59
Hewlett
$616,646
$597,786
-3.1%
41
42
92
95
Hewlitt Harbor
$1,085,538
$989,500
-8.8%
13
8
125
93
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HEMPSTEAD TOWNSHIP MARKET REPORT 2018 Third Quarter Report • January 1st - September 30th
% Town
Average Sales Price 2017
Average Sales Price 2018
Year Over Year Change
No. Homes Sold 2017
No. Homes Sold 2018
No. Days on Market 2017
No. Days on Market 2018
Hewlitt Neck
$1,470,362
$1,216,667
-17.3%
13
6
123
177
Inwood
$401,267
$450,429
12.3%
15
24
211
92
Island Park
$402,413
$412,820
2.6%
52
59
111
73
Lawrence
$967,667
1,052,086
8.7%
27
22
124
61
Levittown
$406,926
$442,937
8.8%
340
305
59
53
Lido Beach
$937,014
$959,396
2.4%
12
24
151
158
Long Beach
$581,205
$649,070
11.7%
189
158
109
96
Lynbrook
$468,277
$514,477
9.9%
134
135
74
50
Malverne
$495,585
$536,660
8.3%
82
72
76
62
Merrick
$597,506
$624,587
4.5%
226
207
85
76
Mineola
$565,201
$598,819
5.9%
84
70
50
49
New Hyde Park
$651,849
$695,157
6.6%
195
200
71
57
North Baldwin
$384,890
$363,446
-5.6%
57
54
64
77
North Bellmore
$495,778
$536,326
8.2%
106
115
59
55
North Merrick
$496,026
$518,948
4.6%
58
57
52
60
Oceanside
$501,222
$525,090
4.8%
206
189
74
72
Pt Lookout
$683,078
$956,729
40.1%
16
14
140
153
Rockville Centre
$734,779
$734,373
-0.1%
179
175
102
76
Roosevelt
$268,365
$346,577
29.1%
100
107
79
68
S. Hempstead
$378,875
$471,650
24.5%
8
20
87
40
Stewart Manor
$622,069
$625,850
0.6%
16
10
56
46
Uniondale
$349,521
$369,992
5.9%
85
107
79
71
Valley Stream
$455,208
$484,733
6.5%
361
337
78
64
Wantagh
$493,862
$535,022
8.3%
200
220
67
56
West Hempstead
$454,313
$498,693
9.8%
126
148
69
63
Woodmere
$792,616
$829,982
4.7%
69
64
87
71
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9
HUNTINGTON TOWNSHIP MARKET REPORT 2018 Third Quarter Report • January 1st - September 30th
% Town
Average Sales Price 2017
Average Sales Price 2018
Year Over Year Change
No. Homes Sold 2017
No. Homes Sold 2018
No. Days on Market 2017
No. Days on Market 2018
$697,450
$658,909
-5.5%
50
73
111
63
Cold Spring Harbor $1,314,745
$1,561,093
18.7%
47
43
135
120
Commack
$500,831
$523,668
4.6%
204
203
65
55
Dix Hills
$787,415
$745,391
-5.3%
214
205
102
78
East Northport
$480,464
$517,449
7.7%
210
225
67
54
Ft Salonga
$724,781
$815,265
12.5%
18
17
151
78
Greenlawn
$553,574
$600,129
8.4%
68
77
56
60
Huntington
$582,294
$627,845
7.8%
353
334
98
75
Huntington Bay
$1,415,095
$1,073,082
-24.2%
21
17
127
113
Huntington Station $342,719
$378,592
10.5%
213
230
85
55
Lloyd Harbor
$1,695,017
$1,889,484
11.5%
30
19
79
99
$1,306,893
$1,138,781
-12.9%
21
16
178
106
Melville
$704,642
$733,134
4.0%
121
113
91
84
Northport
$714,970
$712,118
-0.4%
156
165
90
78
South Huntington
$458,861
$487,408
6.2%
59
55
77
92
Centerport
Lloyd Neck
10
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ISLIP TOWNSHIP MARKET REPORT 2018 Third Quarter Report • January 1st - September 30th
% Town
Average Sales Price 2017
Average Sales Price 2018
Year Over Year Change
No. Homes Sold 2017
No. Homes Sold 2018
No. Days on Market 2017
No. Days on Market 2018
Bay Shore
$330,353
$348,916
5.6%
395
379
81
86
Bayport
$566,662
$528,711
-6.7%
53
38
91
66
Bohemia
$372,182
$406,746
9.3%
74
58
80
73
Brentwood
$278,124
$310,984
11.8%
301
271
88
80
Brightwaters
$576,169
$568,420
-1.3%
31
25
95
61
Central Islip
$239,788
$277,959
15.9%
240
218
88
81
East Islip
$400,626
$461,690
15.2%
123
87
80
81
Great River
$727,627
$561,650
-22.8%
16
10
160
61
Islandia
$283,316
$305,786
7.9%
27
14
87
57
Islip
$357,037
$424,847
19.0%
90
91
83
81
Islip Terrace
$343,720
$364,478
6.0%
61
70
120
62
Oakdale
$413,354
$443,174
7.2%
75
76
81
84
Ronkokoma
$312,908
$349,163
11.6%
152
197
87
59
Sayville
$464,595
$476,262
2.5%
94
102
81
69
West Islip
$457,285
$484,865
6.0%
220
170
73
55
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11
NORTH HEMPSTEAD TOWNSHIP MARKET REPORT 2018 Third Quarter Report • January 1st - September 30th
% Town
12
Average Sales Price 2017
Average Sales Price 2018
Year Over Year Change
No. Homes Sold 2017
No. Homes Sold 2018
No. Days on Market 2017
No. Days on Market 2018
Albertson
$722,717
$759,016
5.0%
30
44
53
64
Carle Place
$506,354
$508,763
0.5%
24
19
78
50
East Hills
$1,219,915
$1,310,735
7.4%
65
69
85
87
East Williston
$962,002
$937,875
-2.5%
15
16
60
91
Floral Park
$606,361
$634,159
4.6%
194
165
75
62
Great Neck
$1,415,145
$1,441,384
1.9%
241
226
78
96
Manhasset
$1,872,220
$1,818,760
-2.9%
157
138
64
88
Manhasset Hills
$887,771
$976,352
10.0%
28
25
77
47
Port Washington
$944,767
$938,524
-0.7%
194
170
68
69
Roslyn
$1,123,495
$1,017,017
-9.5%
50
48
72
230
Roslyn Estates
$1,194,417
$1,466,000
22.7%
12
10
152
48
Roslyn Harbor
$1,503,714
$1,392,429
-7.4%
7
7
98
115
Rosyn Heights
$1,032,076
$1,098,534
6.4%
68
58
82
93
Sands Point
$2,105,192
$2,191,663
4.1%
26
20
197
131
Searingtown
$893,455
$1,261,450
41.2%
11
10
44
82
Westbury
$451,613
$492,422
9.0%
230
223
73
70
Williston Park
$618,771
$629,660
1.8%
24
39
48
49
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WE ARE ONE IN A BILLION!!! Thanks to your trust and support, we’ve achieved another milestone:
1.5 BILLION DOLLARS in under contract sales in 2018 so far! (January 1st - September 30th)
Volume↑
30.5% Units↑
30%
OYSTER BAY TOWNSHIP MARKET REPORT 2018 Third Quarter Report • January 1st - September 30th
% Town
14
Average Sales Price 2017
Average Sales Price 2018
Year Over Year Change
No. Homes Sold 2017
No. Homes Sold 2018
No. Days on Market 2017
No. Days on Market 2018
Bayville
$594,455
$601,017
1.1%
49
46
97
85
Bethpage
$462,392
$487,477
5.4%
143
137
64
57
Brookville
$2,641,575
$2,138,556
-19.0%
20
18
186
219
Centre Island
$2,013,333
$2,064,167
2.5%
6
6
220
199
Cove Neck
$3,332,500
$1,333,333
N/A
2
3
13
150
East Norwich
$614,913
$639,914
4.1%
15
29
92
77
Farmingdale
$434,047
$454,028
4.6%
181
187
64
60
Glen Cove
$602,623
$615,144
2.1%
155
137
101
104
Glen Head
$741,087
$773,011
4.3%
46
56
81
77
Glenwood Landing $642,300
$575,125
-10.5%
10
8
75
129
Greenvale
$671,667
$645,400
-3.9%
3
5
78
22
Hicksville
$461,576
$496,815
7.6%
266
244
53
48
Jericho
$869,745
$988,987
13.7%
106
94
58
82
Lattingtown
$1,830,833
$1,449,455
-20.8%
9
11
191
81
Laurel Hollow
$1,657,333
$1,414,306
-14.7%
15
18
126
118
Locust Valley
$694,134
$740,576
6.7%
46
45
88
86
Massapequa
$527,425
$544,733
3.3%
357
310
68
69
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OYSTER BAY TOWNSHIP MARKET REPORT 2018 Third Quarter Report • January 1st - September 30th
% Town
Average Sales Price 2017
Average Sales Price 2018
Year Over Year Change
No. Homes Sold 2017
No. Homes Sold 2018
No. Days on Market 2017
No. Days on Market 2018
$497,650
$536,531
7.8%
139
144
53
61
$1,884,339
2.7%
31
28
174
128
North Massapequa $478,195
$480,961
0.6%
39
44
86
68
Old Bethpage
$630,695
$685,697
8.7%
32
29
85
77
Old Brookville
$1,979,643
$2,427,229
22.6%
14
17
152
136
Old Westbury
$2,191,790
$2,171,125
-0.9%
19
25
133
195
Oyster Bay
$606,157
$644,138
6.3%
38
34
91
94
Oyster Bay Cove
$1,605,825
$1,765,775
10.0%
20
24
192
124
Plainview
$598,729
$629,359
5.1%
234
251
75
61
Sea Cliff
$824,968
$726,545
-11.9%
47
33
147
66
Seaford
$466,166
$502,490
7.8%
147
147
70
55
Syosset
$781,495
$840,339
7.5%
196
192
81
58
Upper Brookville
$2,508,182
$2,491,429
-0.7%
11
14
143
247
Westbury
$451,631
$492,222
9.0%
230
233
73
70
Woodbury
$1,046,341
$1,113,356
6.4%
48
45
111
137
Massapequa Park Muttontown
$1,834,984
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15
SMITHTOWN TOWNSHIP MARKET REPORT 2018 Third Quarter Report • January 1st - September 30th
% Town
Average Sales Price 2017
Average Sales Price 2018
Year Over Year Change
No. Homes Sold 2017
No. Homes Sold 2018
No. Days on Market 2017
No. Days on Market 2018
$483,814
$505,604
4.5%
85
81
84
75
Head of the Harbor $926,411
$1,426,778
54.0%
10
9
139
105
Kings Park
$455,798
$468,073
2.7%
110
123
81
50
Nesconset
$435,341
$479,012
10.0%
91
81
84
59
Nissequogue
$1,010,750
$944,346
-6.6%
17
13
153
120
Smithtown
$493,247
$515,678
4.5%
272
242
80
73
St James
$544,247
$562,369
3.3%
84
93
73
107
Hauppauge
16
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2018 YTD SIGNATURE STATS 21 OFFICES NASSAU & SUFFOLK NUMBER OF OFFICES ACROSS LONG ISLAND
2,661
30% NUMBER OF SALES NASSAU, SUFFOLK, & QUEENS
61 DAYS
AVERAGE DAYS ON MARKET FOR CLOSED LISTINGS
FEWEST AVERAGE DAYS ON MARKET FOR HOMES SOLD IN NASSAU & SUFFOLK 2015, 2016, 2017 & 2018 YTD OUT OF THE TOP 10 BROKERAGE FIRMS
30%
TOTAL $ VOLUME FROM 2017 TO 2018
900+ AGENTS Our network of professionals are part of a family of over 900 agents. This powerful group supports one another and ensures success.
*Information obtained from MLSLI, for closed and under contract, residential, condo, land, & commercial listings in all counties 1/1/2017 - 09/30/2018
We are the fastest growing real estate company on Long Island. Call us for all your real estate needs! 877.273.3750
OUR OFFICE LOCATIONS BABYLON
GARDEN CITY
MILLER PLACE
126 W Main St Babylon, NY 11702
730 Franklin Avenue Garden City, NY 11530
Coming Soon Miller Place, NY 11764
Office: 631.422.3100
Office: 516.741.4333
COLD SPRING HARBOR
HICKSVILLE
157 Main St Cold Spring Harbor, NY 11724
Coming Soon Hicksville, NY 11801
Office: 631.692.4800
COMMACK 21 Vanderbilt Motor Pkwy Commack, NY 11725
DIX HILLS 15 East Deer Park Road Dix Hills, NY 11746 Office: 631.673.3900
EAST MEADOW Coming Soon East Meadow, NY
EAST NORTHPORT 190 Laurel Road East Northport, NY 11731 Office: 631.368.6800
FLORAL PARK 142 Plainfield Avenue Floral Park, NY 11001 Office: 516.492.3210
NORTHPORT 172 Main St Northport, NY 11768 Office: 631.754.3600
HUNTINGTON
PATCHOGUE
157 East Main Street Huntington, NY 11743
27 South Ocean Ave Patchogue, NY 11772
Office: 631.673.3700
Office: 631.475.5700
LOCUST VALLEY
ROCKVILLE CENTRE
41 The Plaza Locust Valley, NY 11560
75 Seaman Ave Rockville Centre NY, 11570
Office: 516.759.4400
Office: 516.766.7900
MASSAPEQUA PARK
SMITHTOWN
4863 Merrick Road Massapequa NY, 11762
7 West Main Street Smithtown, NY 11787
Office: 516.799.7100
Office: 631.360.2800
MEDFORD
SYOSSET
3080 Route 112 Medford NY 11763
33 Jackson Avenue Syosset, NY 11791
Office: 631.512.4520
MERRICK 324 Merrick Ave Merrick, NY 11566 Office: 516.546.6300
Office: 516.921.1400
WOODBURY 7952 Jericho Turnpike Woodbury, NY 11797 Office: 516.496.0300
MAIN: 877.273.3750
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Signature Premier Properties
877.273.3750 | signaturepremier.com