2018 Annual Market Report

2018 Year Over Year Analysis

MARKET REPORT January 1st through December 31st

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

14-15

Smithtown Township

16

THINKING OF MAKING A MOVE? NOW IS THE TIME!

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OGUE

*OFFICES COMING SOON

2018 A Year in Review and A LOOK AHEAD TO 2019

The word TRANSITION seems to come up in conversation with many of the real estate professionals we speak with daily. Transition is all around us at this time – a period of change from one state to another.

On a national level the transitions are evident in the dramatic stock market fluctuations, which impacts most of us via our savings and feelings of financial security. Other examples are the unknown income and property tax implications, trade wars, and political changes occurring on a daily basis. In addition, mortgage interest rates have increased and therefore have diminished the purchaser’s buying power.

Locally in 2019 Nassau County will be undergoing a countywide reassessment of property values, which will in turn affect property taxes. Some homeowners will be effected positively, but for many residents property taxes will be increased. As the average sales price in Nassau County in 2018 climbed to $667,768, which is a 1.7% increase from 2017, we are seeing more and more buyers consider moving further east to Suffolk County where the average sales price in 2018 was $465,570, up 2.7% from 2017.

Our Company is also going through a transition – one of growth and opportunity.

Signature Premier Properties opened its doors 11 years ago with one office. As of December 31st 2018, we are now 21 offices strong across Long Island’s landscape, spanning from Nassau and Suffolk to the North Shore and South Shore. We are a family of over 1,000 like-minded professionals and our culture defines who we are. We are currently ranked as the 3rd largest real estate company on Long Island, and Signature achieved a sales growth of over 30% for 2018, far exceeding our closest competitor’s.

For the past four years our listings have sold faster than any other company in the top 10 agencies for closed sales in Nassau and Suffolk. We attribute this to our commitment to educate both our agents and the public that we serve on the most current market trends and conditions.

The truth is there will always be someone looking to move, whether it’s to a bigger house or a downsize, a first-time homebuyer or a relocation…whether it’s a year of transition or not, Signature’s Real Estate Professionals will be there to guide you every step of the way.

Whether buying or selling, THERE’S NO PLACE LIKE HOME...let Signature be a part of your next move!

4

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BABYLON TOWNSHIP MARKET REPORT 2018 Year Over Year Analysis • January 1st - December 31st

% 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

$320,212

$374,208

16.9%

25

21

125

80

Amityville

$329,118

$363,155

10.3%

205

187

85

71

Babylon

$519,511

$531,316

2.3%

144

135

88

79

Copiague

$319,762

$351,803

10.0%

143

165

84

71

Deer Park

$349,399

$387,607

10.9%

278

285

70

54

Lindenhurst

$333,236

$362,048

8.6%

446

449

78

65

North Babylon

$350,021

$367,252

4.9%

176

147

66

60

West Babylon

$340,415

$364,557

7.1%

322

303

72

54

Wheatley Heights

$334,602

$386,018

15.4%

56

42

118

57

Wyandanch

$172,149

$212,434

23.4%

69

97

140

64

Signature Premier Properties

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5

BROOKHAVEN TOWNSHIP MARKET REPORT 2018 Year Over Year Analysis • January 1st - December 31st

%

6

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

Belle Terre

$1,038,933

$994,523

-4.3%

15

11

159

158

Bellport

$215,170

$242,710

12.8%

76

92

84

58

Blue Point

$390,093

$462,526

18.6%

51

56

87

67

Brookhaven

$492,011

$359,856

-26.9%

38

45

112

103

Center Moriches

$426,041

$424,740

-0.3%

110

116

195

114

Centereach

$296,707

$336,356

13.4%

250

246

73

62

Coram

$292,502

$320,756

9.7%

248

245

72

80

East Moriches

$525,830

$443,469

-15.7%

49

62

133

111

East Setauket

$452,004

$421,458

-6.8%

74

73

83

77

Farmingville

$319,899

$337,561

5.5%

201

167

81

64

Holbrook

$367,060

$386,302

5.2%

205

197

76

61

Holtsville

$364,535

$387,875

6.4%

108

92

78

57

Lake Grove

$394,317

$403,314

2.3%

129

123

71

80

Lake Ronkonkoma $312,635

$340,280

8.8%

105

138

56

52

Manorville

$422,317

$470,950

11.5%

98

114

161

98

Mastic

$181,585

$214,060

17.9%

189

207

84

67

Medford

$284,359

$317,735

11.7%

266

309

86

72

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BROOKHAVEN TOWNSHIP MARKET REPORT 2018 Year Over Year Analysis • January 1st - December 31st

% 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

$264,823

$298,776

12.8%

100

99

79

70

Miller Place

$397,690

$442,196

11.2%

164

142

107

83

Moriches

$352,608

$386,761

9.7%

20

23

105

133

Mt Sinai

$485,620

$489,234

0.7%

104

127

87

80

Patchogue

$274,915

$318,605

15.9%

261

294

81

58

Pt Jefferson

$489,384

$484,653

-1.0%

77

77

103

114

Pt Jefferson Station $320,917

$353,744

10.2%

244

232

94

65

Ridge

$301,493

$314,076

4.2%

123

109

109

88

Rocky Point

$262,343

$281,779

7.4%

225

203

94

66

Selden

$273,923

$315,041

15.0%

224

292

75

63

Setauket

$598,265

$638,402

6.7%

140

151

115

89

Shirley

$204,303

$240,012

17.5%

366

409

99

81

Shoreham

$409,611

$452,333

10.4%

64

78

119

104

Sound Beach

$246,455

$273,587

11.0%

134

140

90

68

Stony Brook

$471,649

$483,674

2.5%

171

161

95

80

Yaphank

$301,093

$305,533

1.5%

64

61

115

60

Signature Premier Properties

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7

HEMPSTEAD TOWNSHIP MARKET REPORT 2018 Year Over Year Analysis • January 1st - December 31st

%

8

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

Atlantic Beach

$904,783

$1,025,425

13.3%

30

29

217

155

Baldwin

$414,451

$452,549

9.2%

218

256

74

74

Baldwin Harbor

$408,342

$513,358

25.7%

19

19

145

97

Bellerose

$626,218

$661,114

5.6%

109

110

58

64

Bellmore

$508,046

$562,769

10.8%

177

182

80

89

Cedarhurst

$795,120

$768,139

-3.4%

50

36

97

58

East Meadow

$495,713

$527,554

6.4%

245

310

50

55

East Rockaway

$446,198

$461,568

3.4%

98

90

111

89

Elmont

$410,561

$429,613

4.6%

265

260

70

73

Floral Park

$616,812

$636,624

3.2%

257

228

68

64

Franklin Square

$506,293

$546,875

8.0%

175

175

59

59

Freeport

$341,477

$376,372

10.2%

316

338

94

82

Garden City

$1,037,615

$1,017,798

-1.9%

240

229

66

58

Garden City South $559,971

$613,109

9.5%

17

23

65

52

Hewlett

$625,123

$611,988

-2.1%

51

61

86

98

Hewlett Harbor

$1,120,235

$1,114,636

-0.5%

17

11

112

110

Signature Premier Properties

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HEMPSTEAD TOWNSHIP MARKET REPORT 2018 Year Over Year Analysis • January 1st - December 31st

% 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

Hewlett Neck

$1,439,313

$1,169,907

-18.7%

15

7

119

251

Inwood

$390,902

$423,391

8.3%

24

34

153

82

Island Park

$407,417

$417,213

2.4%

64

86

109

83

Lawrence

$1,004,708

$1,130,930

12.6%

36

30

106

79

Levittown

$411,309

$443,391

7.8%

452

430

58

56

Lido Beach

$889,774

$932,304

4.8%

17

28

147

145

Long Beach

$593,421

$642,187

8.2%

263

205

108

95

Lynbrook

$473,728

$521,709

10.1%

180

179

71

54

Malverne

$498,526

$540,656

8.5%

104

88

79

60

Merrick

$593,898

$628,099

5.8%

300

284

78

74

Mineola

$567,787

$613,013

8.0%

113

102

54

53

New Hyde Park

$652,443

$684,857

5.0%

215

216

75

58

North Baldwin

$387,492

$418,083

7.9%

76

77

70

69

North Bellmore

$500,420

$532,290

6.4%

151

145

56

56

North Merrick

$495,638

$520,930

5.1%

87

82

54

61

Oceanside

$506,741

$527,763

4.1%

297

282

74

77

Pt Lookout

$725,631

$1,007,008

38.8%

21

24

128

139

Rockville Centre

$726,653

$726,595

0.0%

228

228

97

79

Roosevelt

$283,158

$345,838

22.1%

144

142

86

66

S. Hempstead

$391,667

$464,542

18.6%

9

24

87

46

Stewart Manor

$614,641

$628,336

2.2%

22

11

61

43

Uniondale

$354,878

$375,609

5.8%

108

147

80

69

Valley Stream

$455,331

$488,694

7.3%

482

467

75

63

Wantagh

$505,134

$533,595

5.6%

257

296

65

58

West Hempstead

$455,655

$512,834

12.5%

177

205

67

64

Woodmere

$795,185

$826,978

4.0%

106

89

95

79

Signature Premier Properties

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9

HUNTINGTON TOWNSHIP MARKET REPORT 2018 Year Over Year Analysis • January 1st - December 31st

% 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

$681,462

$650,059

-4.6%

79

90

95

69

Cold Spring Harbor $1,425,037

$1,452,643

1.9%

54

56

134

125

Commack

$498,647

$523,516

5.0%

276

273

68

57

Dix Hills

$787,110

$738,201

-6.2%

303

290

99

76

East Northport

$486,784

$512,273

5.2%

284

294

64

55

Ft Salonga

$694,098

$777,500

12.0%

21

23

143

94

Greenlawn

$552,319

$618,073

11.9%

96

102

61

68

Huntington

$585,885

$629,106

7.4%

472

468

96

75

Huntington Bay

$1,427,480

$1,099,061

-23.0%

25

23

131

112

Huntington Station $348,718

$381,907

9.5%

313

330

78

56

Lloyd Harbor

$1,748,453

$1,997,637

14.3%

32

27

84

120

Lloyd Neck

$1,222,790

$1,149,225

-6.0%

25

20

186

93

Melville

$696,373

$736,060

5.7%

164

151

87

83

Northport

$714,381

$708,489

-0.8%

213

226

90

82

South Huntington

$462,040

$493,894

6.9%

83

71

75

97

Centerport

10

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ISLIP TOWNSHIP MARKET REPORT 2018 Year Over Year Analysis • January 1st - December 31st

% 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

$318,056

$327,855

3.1%

506

514

80

74

Bayport

$559,960

$520,873

-7.0%

74

55

86

63

Bohemia

$379,918

$415,597

9.4%

102

92

76

68

Brentwood

$293,370

$314,797

7.3%

411

361

85

76

Brightwaters

$565,409

$579,224

2.4%

41

33

88

59

Central Islip

$247,204

$285,696

15.6%

318

298

89

79

East Islip

$414,900

$460,249

10.9%

161

126

79

71

Great River

$689,263

$586,679

-14.9%

21

14

150

70

Islandia

$284,920

$310,055

8.8%

31

21

85

63

Islip

$377,720

$419,470

11.1%

125

124

76

77

Islip Terrace

$335,723

$366,980

9.3%

82

91

115

62

Oakdale

$420,175

$450,723

7.3%

99

105

88

79

Ronkokoma

$325,232

$349,078

7.3%

222

264

80

62

Sayville

$462,530

$479,009

3.6%

128

133

75

70

West Islip

$475,393

$479,665

0.9%

277

240

71

66

Signature Premier Properties

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11

NORTH HEMPSTEAD TOWNSHIP MARKET REPORT 2018 Year Over Year Analysis • January 1st - December 31st

% 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

$729,058

$741,963

1.8%

43

58

60

64

Carle Place

$511,800

$540,019

5.5%

30

27

59

50

East Hills

$1,205,118

$1,299,088

7.8%

85

89

87

81

East Williston

$926,686

$924,909

-0.2%

19

22

82

86

Great Neck

$1,419,634

$1,440,445

1.5%

306

304

81

96

Manhasset

$1,818,892

$1,821,549

0.1%

184

172

67

85

Manhasset Hills

$898,463

$971,366

8.1%

38

35

75

66

Port Washington

$938,513

$929,357

-1.0%

254

213

69

67

Roslyn

$1,102,966

$1,060,658

-3.8%

62

62

76

216

Roslyn Estates

$1,220,471

$1,393,333

14.2%

17

12

142

47

Roslyn Harbor

$1,372,150

$1,680,467

22.5%

10

15

96

109

Rosyn Heights

$1,019,866

$1,089,156

6.8%

98

75

80

87

Sands Point

$2,123,935

$2,314,946

9.0%

31

28

179

209

Searingtown

$904,625

$1,195,346

32.1%

14

13

49

82

Westbury

$455,606

$493,809

8.4%

305

295

72

68

Williston Park

$614,029

$623,421

1.5%

34

54

52

52

Signature Premier Properties

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LONG ISLAND

2018

If your property is currently listed with another broker, please disregard. It is not our intention to solicit the listings of other brokers.

OYSTER BAY TOWNSHIP MARKET REPORT 2018 Year Over Year Analysis • January 1st - December 31st

% 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

$615,012

$586,012

-4.7%

66

72

92

96

Bethpage

$466,763

$484,753

3.9%

194

182

61

54

Brookville

$2,483,985

$2,072,700

-16.6%

33

20

181

211

Centre Island

$1,695,000

$2,064,167

21.8%

9

6

204

199

Cove Neck

$3,332,500

$1,333,333

N/A

2

3

13

150

East Norwich

$613,747

$650,389

6.0%

19

36

93

76

Farmingdale

$436,386

$454,937

4.3%

228

249

63

63

Glen Cove

$597,503

$609,220

2.0%

192

167

95

100

Glen Head

$753,167

$778,340

3.3%

60

74

73

75

Glenwood Landing $642,300

$549,556

-14.4%

10

9

75

138

Greenvale

$615,000

$627,857

2.1%

5

7

60

62

Hicksville

$470,840

$503,265

6.9%

373

346

57

48

Jericho

$886,766

$965,413

8.9%

141

136

58

84

Lattingtown

$1,586,946

$1,615,824

1.8%

14

17

169

97

Laurel Hollow

$1,691,479

$1,482,604

-12.3%

24

24

123

165

Locust Valley

$704,986

$724,098

2.7%

58

52

91

92

Massapequa

$531,511

$547,529

3.0%

490

457

68

68

Signature Premier Properties

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OYSTER BAY TOWNSHIP MARKET REPORT 2018 Year Over Year Analysis • January 1st - December 31st

% 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

Massapequa Park

$509,263

$534,786

5.0%

196

184

55

60

Muttontown

$1,810,695

$1,857,956

2.6%

41

34

154

128

North Massapequa $490,312

$480,205

-2.1%

50

60

86

64

Old Bethpage

$628,909

$646,472

2.8%

41

46

88

66

Old Brookville

$2,130,789

$2,343,224

10.0%

19

24

148

120

Old Westbury

$2,106,682

$2,096,064

-0.5%

33

35

126

171

Oyster Bay

$601,814

$679,298

12.9%

54

46

81

97

Oyster Bay Cove

$1,525,979

$1,723,321

12.9%

24

28

189

119

Plainview

$591,334

$635,633

7.5%

314

343

71

60

Sea Cliff

$800,738

$725,068

-9.5%

60

44

104

70

Seaford

$460,795

$502,563

9.1%

200

195

70

60

Syosset

$786,790

$832,252

5.8%

251

249

81

60

Upper Brookville

$2,523,158

$2,398,750

-4.9%

19

20

184

224

Westbury

$455,606

$493,098

8.2%

305

295

72

68

Woodbury

$1,077,525

$1,153,900

7.1%

63

60

113

91

Signature Premier Properties

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15

SMITHTOWN TOWNSHIP MARKET REPORT 2018 Year Over Year Analysis • January 1st - December 31st

%

16

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

Hauppauge

$502,995

$503,788

0.2%

120

108

79

76

Head of the Harbor $911,784

$1,294,000

41.9%

18

12

143

91

Kings Park

$458,611

$471,517

2.8%

153

166

78

57

Nesconset

$425,292

$477,548

12.3%

116

124

80

63

Nissequogue

$1,113,638

$950,971

-14.6%

20

17

169

126

Smithtown

$502,268

$512,369

2.0%

362

329

83

75

St James

$546,570

$563,107

3.0%

120

120

75

95

Signature Premier Properties

877.273.3750 | signaturepremier.com

2 0 1 8 S I G N AT U R E S TATS 21 OFFICES NASSAU & SUFFOLK NUMBER OF OFFICES ACROSS LONG ISLAND

3,300

28.2% NUMBER OF CLOSED SALES NASSAU, SUFFOLK, & QUEENS

63 DAYS

AVERAGE DAYS ON MARKET FOR CLOSED LISTINGS SOLD HOMES 16 DAYS FASTER THAN LAST YEAR

FEWEST AVERAGE DAYS ON MARKET FOR HOMES SOLD IN NASSAU & SUFFOLK 2015, 2016, 2017 & 2018 OUT OF THE TOP 10 BROKERAGE FIRMS

31%

TOTAL $ VOLUME FROM 2017 TO 2018

1000+ AGENTS Our network of professionals is a family of over 1,000 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 - 12/31/2018

We are the fastest growing real estate company on Long Island.

Call us for all of your real estate needs!

877.273.3750

OUR OFFICE LOCATIONS BABYLON

GARDEN CITY

MILLER PLACE

126 W Main Street 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 Street Cold Spring Harbor, NY 11724

111 Levittown Parkway Hicksville, NY 11801

Office: 631.692.4800

Office: 516.935.0700

COMMACK

HUNTINGTON

21 Vanderbilt Motor Pkwy Commack, NY 11725 Office: 631.499.6400

157 East Main Street Huntington, NY 11743

DIX HILLS

LOCUST VALLEY

15 East Deer Park Road Dix Hills, NY 11746

41 The Plaza Locust Valley, NY 11560

Office: 631.673.3900

Office: 516.759.4400

EAST MEADOW

MASSAPEQUA PARK

Coming Soon East Meadow, NY

4863 Merrick Road Massapequa NY, 11762

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

Office: 631.673.3700

Office: 516.799.7100

MEDFORD 3080 Route 112 Medford NY 11763 Office: 631.512.4520

MERRICK 324 Merrick Avenue Merrick, NY 11566

NORTHPORT 172 Main Street Northport, NY 11768 Office: 631.754.3600

PATCHOGUE 27 South Ocean Avenue Patchogue, NY 11772 Office: 631.475.5700

ROCKVILLE CENTRE 75 Seaman Avenue Rockville Centre NY, 11570 Office: 516.766.7900

SMITHTOWN 7 West Main Street Smithtown, NY 11787 Office: 631.360.2800

SYOSSET 33 Jackson Avenue Syosset, NY 11791 Office: 516.921.1400

WOODBURY 7952 Jericho Turnpike Woodbury, NY 11797 Office: 516.496.0300

Office: 516.546.6300

MAIN: 877.273.3750

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Signature Premier Properties

877.273.3750 | signaturepremier.com