2019 Q1 Market Report

2019 First Quarter Analysis

MARKET REPORT January 1st through March 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

DIX HILLS BABYLON ROCKVILLE CENTRE FLORAL PARK MERRICK

WANTAGH* MASSAPEQUA PARK

Table of Contents Babylon Township

PLACE*

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

MEDFORD

SAYVILLE

THINKING OF MAKING A MOVE? NOW IS THE TIME!

CALL 877.273.3750

*OFFICES COMING SOON

A Time for New Beginnings

AND A SEASON OF CHANGE The spring season is full of transformations; the flowers are beginning to bud, the days are longer, and it is a time for new beginnings. We see this every year as the Spring Market comes into full bloom, with buyers and sellers ready to make a change. We hope the second quarter of 2019 is a prosperous one for all.

In this latest edition of our Quarterly Market Report, you will see how hyper-local real estate really is. Some towns have seen double digit appreciation, while others have seen home prices decrease year-over-year. The number of homes sold during the first quarter of 2019 is down 2.4% in Nassau County and down 3.1% in Suffolk County compared to the same period last year. The average sales price in both counties increased by approximately 1.75% for the quarter (based on data from the Multiple Listing Service of Long Island).

The lower interest rates seem to be a key driving force behind the buyer’s motivation to purchase a home right now, and competition is fierce in the entry level market.

Additionally, jumbo mortgage interest rates are priced similarly to conforming mortgage rates.

The one thing to keep in mind is that the real estate market is fluid and constantly changing. Your Signature Premier Properties Real Estate Professional has been trained in understanding our local market conditions and would welcome the opportunity to discuss why now, more than ever, is a perfect time to buy or sell your home.

With 21 offices and over 1,000 agents strong, Signature Premier Properties is proud to say, “we are the fastest growing real estate company on Long Island�. We encourage you to put your trust in our team!

4

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BABYLON TOWNSHIP MARKET REPORT 2019 First Quarter Analysis • January 1st - March 31st

% Town

Average Sales Price 2018

Average Sales Price 2019

Year Over Year Change

No. Homes Sold 2018

No. Homes Sold 2019

No. Days on Market 2018

No. Days on Market 2019

Amity Harbor

$321,600

$339,941

5.7%

5

8

84

120

Amityville

$344,250

$341,368

-0.8%

40

30

79

51

Babylon

$563,311

$470,107

-16.5%

23

26

74

113

Copiague

$324,357

$351,287

8.3%

37

35

84

83

Deer Park

$357,349

$374,807

4.9%

67

53

64

65

Lindenhurst

$344,625

$370,265

7.4%

82

98

93

77

North Babylon

$353,339

$389,611

10.3%

36

36

62

54

West Babylon

$353,720

$395,671

11.9%

54

58

62

50

Wheatley Heights

$400,125

$425,500

6.3%

12

9

61

53

Wyandanch

$206,181

$255,775

24.1%

16

27

103

81

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5

BROOKHAVEN TOWNSHIP MARKET REPORT 2019 First Quarter Analysis • January 1st - March 31st

%

6

Town

Average Sales Price 2018

Average Sales Price 2019

Year Over Year Change

No. Homes Sold 2018

No. Homes Sold 2019

No. Days on Market 2018

No. Days on Market 2019

Belle Terre

$998,875

$695,000

-30.4%

4

2

99

182

Bellport

$199,042

$240,085

20.6%

21

15

67

72

Blue Point

$454,700

$434,571

-4.4%

10

7

61

103

Brookhaven

$359,409

$465,347

29.5%

11

7

84

83

Center Moriches

$414,205

$510,319

23.2%

24

16

137

108

Centereach

$324,352

$339,626

4.7%

51

39

66

72

Coram

$294,776

$328,295

11.4%

45

55

82

83

East Moriches

$409,322

$437,232

6.8%

15

12

140

131

East Setauket

$409,633

$418,449

2.2%

17

14

80

87

Farmingville

$307,716

$342,556

11.3%

33

34

83

73

Holbrook

$383,404

$355,415

-7.3%

37

42

55

77

Holtsville

$400,941

$381,417

-4.9%

17

18

63

58

Lake Grove

$364,295

$393,281

8.0%

22

22

76

83

Lake Ronkonkoma $325,883

$376,076

15.4%

29

25

59

57

Manorville

$514,053

$444,511

-13.5%

20

28

128

87

Mastic

$185,131

$220,753

19.2%

36

46

79

74

Medford

$307,431

$317,961

3.4%

56

76

82

87

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BROOKHAVEN TOWNSHIP MARKET REPORT 2019 First Quarter Analysis • January 1st - March 31st

% Town

Average Sales Price 2018

Average Sales Price 2019

Year Over Year Change

No. Homes Sold 2018

No. Homes Sold 2019

No. Days on Market 2018

No. Days on Market 2019

Middle Island

$250,158

$290,494

16.1%

19

17

98

95

Miller Place

$467,785

$404,874

-13.4%

21

25

96

135

Moriches

$363,286

$389,250

7.1%

7

4

105

54

Mt Sinai

$444,270

$522,063

17.5%

27

24

111

76

Patchogue

$285,973

$307,043

7.4%

67

63

64

66

Pt Jefferson

$461,793

$520,805

12.8%

20

21

209

132

Pt Jefferson Station $326,624

$334,939

2.5%

47

41

79

78

Ridge

$304,166

$333,852

9.8%

22

21

139

95

Rocky Point

$283,038

$293,606

3.7%

35

43

94

91

Selden

$291,991

$328,164

12.4%

49

60

80

67

Setauket

$767,223

$649,262

-15.4%

26

26

115

97

Shirley

$227,775

$241,163

5.9%

83

73

93

77

Shoreham

$407,796

$484,550

18.8%

14

12

79

89

Sound Beach

$260,263

$264,142

1.5%

27

22

74

72

Stony Brook

$459,289

$476,163

3.7%

18

34

75

75

Yaphank

$303,637

$327,850

8.0%

19

14

89

68

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7

HEMPSTEAD TOWNSHIP MARKET REPORT 2019 First Quarter Analysis • January 1st - March 31st

%

8

Town

Average Sales Price 2018

Average Sales Price 2019

Year Over Year Change

No. Homes Sold 2018

No. Homes Sold 2019

No. Days on Market 2018

No. Days on Market 2019

Atlantic Beach

$867,200

$1,281,000

47.7%

5

5

173

72

Baldwin

$411,247

$466,816

13.5%

45

47

92

85

Baldwin Harbor

$557,000

$545,000

-2.2%

4

1

207

21

Bellerose

$670,000

$670,077

0.0%

21

13

74

79

Bellmore

$530,095

$524,615

-1.0%

33

34

93

64

Cedarhurst

$705,000

$792,700

12.4%

12

10

71

59

East Meadow

$521,465

$565,093

8.4%

60

50

75

62

East Rockaway

$482,193

$489,160

1.4%

23

25

114

104

Elmont

$436,646

$464,579

6.4%

54

56

80

71

Floral Park

$516,821

$559,729

8.3%

42

40

61

73

Franklin Square

$636,209

$631,179

-0.8%

53

53

67

89

Freeport

$354,576

$387,593

9.3%

2

72

102

82

Garden City

$965,065

$1,012,372

4.9%

43

37

77

83

Garden City South $589,264

$695,500

18.0%

68

5

60

90

Hewlett

$548,636

$672,897

22.6%

11

13

128

65

Hewlett Harbor

$976,200

$960,000

-1.7%

5

3

102

109

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HEMPSTEAD TOWNSHIP MARKET REPORT 2019 First Quarter Analysis • January 1st - March 31st

% Town

Average Sales Price 2018

Average Sales Price 2019

Year Over Year Change

No. Homes Sold 2018

No. Homes Sold 2019

No. Days on Market 2018

No. Days on Market 2019

Hewlett Neck

$1,420,000

$1,400,000

-1.4%

2

1

102

276

Inwood

$509,650

$301,250

-40.9%

10

4

131

60

Island Park

$379,538

$415,825

9.6%

13

10

49

77

Lawrence

$560,000

$935,714

67.1%

1

7

204

91

Levittown

$428,982

$439,821

2.5%

87

89

60

55

Lido Beach

$852,700

$987,500

15.8%

10

2

222

118

Long Beach

$600,179

$628,631

4.7%

39

48

89

90

Lynbrook

$507,795

$524,707

3.3%

42

41

61

73

Malverne

$540,052

$501,037

-7.2%

29

27

67

81

Merrick

$631,247

$601,552

-4.7%

52

59

91

72

Mineola

$606,590

$572,533

-5.6%

26

15

49

53

New Hyde Park

$678,752

$675,100

-0.5%

53

65

65

89

North Baldwin

$372,812

$440,985

18.3%

16

17

65

75

North Bellmore

$531,912

$520,770

-2.1%

34

37

81

84

North Merrick

$505,938

$574,610

13.6%

12

12

49

81

Oceanside

$522,940

$488,908

-6.5%

64

52

89

93

Pt Lookout

$1,365,175

$815,000

-40.3%

4

3

125

71

Rockville Centre

$701,892

$805,219

14.7%

52

32

91

78

Roosevelt

$328,430

$375,549

14.3%

33

37

66

59

S. Hempstead

$463,438

$355,800

-23.2%

8

5

54

127

Stewart Manor

$686,333

$616,500

-10.2%

3

5

48

52

Uniondale

$324,475

$367,437

13.2%

30

18

73

81

Valley Stream

$466,802

$497,017

6.5%

99

90

65

77

Wantagh

$533,758

$554,861

4.0%

60

59

65

56

West Hempstead

$416,576

$517,651

24.3%

37

43

60

76

Woodmere

$701,846

$778,216

10.9%

13

22

67

79

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9

HUNTINGTON TOWNSHIP MARKET REPORT 2019 First Quarter Analysis • January 1st - March 31st

%

10

Town

Average Sales Price 2018

Average Sales Price 2019

Year Over Year Change

No. Homes Sold 2018

No. Homes Sold 2019

No. Days on Market 2018

No. Days on Market 2019

Centerport

$530,133

$698,263

31.7%

18

19

57

109

Cold Spring Harbor $1,750,000

$1,160,900

-33.7%

10

10

217

79

Commack

$505,224

$499,765

-1.1%

50

49

70

78

Dix Hills

$753,265

$725,254

-3.7%

51

58

120

104

East Northport

$483,722

$489,059

1.1%

56

49

65

81

Ft Salonga

$585,250

$575,000

-1.8%

4

1

130

234

Greenlawn

$586,149

$643,561

9.8%

17

17

82

114

Huntington

$605,514

$628,047

3.7%

98

92

88

74

Huntington Bay

$906,067

$1,365,333

50.7%

6

6

113

93

Huntington Station $348,985

$416,081

19.2%

67

60

60

75

Lloyd Harbor

$2,950,000

$1,634,083

-44.6%

2

12

217

194

Lloyd Neck

$940,833

$1,422,500

51.2%

3

2

159

102

Melville

$674,167

$722,866

7.2%

27

24

116

75

Northport

$659,408

$737,453

11.8%

38

36

91

105

South Huntington

$458,667

$553,259

20.6%

12

8

49

91

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ISLIP TOWNSHIP MARKET REPORT 2019 First Quarter Analysis • January 1st - March 31st

% Town

Average Sales Price 2018

Average Sales Price 2019

Year Over Year Change

No. Homes Sold 2018

No. Homes Sold 2019

No. Days on Market 2018

No. Days on Market 2019

Bay Shore

$334,556

$380,288

13.7%

115

109

98

78

Bayport

$479,533

$468,917

-2.2%

15

9

52

78

Bohemia

$377,037

$333,406

-11.6%

14

16

70

94

Brentwood

$298,714

$333,039

11.5%

63

71

85

60

Brightwaters

$565,000

$482,800

-14.5%

4

5

23

84

Central Islip

$267,538

$290,161

8.5%

74

54

73

100

East Islip

$440,075

$490,481

11.5%

20

27

92

116

Great River

$650,000

-

-100.0%

1

0

33

0

Islandia

$294,750

$319,333

8.3%

4

3

40

46

Islip

$369,907

$415,325

12.3%

27

12

58

90

Islip Terrace

$344,526

$393,081

14.1%

21

19

61

59

Oakdale

$448,548

$476,824

6.3%

25

17

78

75

Ronkokoma

$331,767

$370,241

11.6%

57

51

75

66

Sayville

$452,406

$464,108

2.6%

25

26

66

54

West Islip

$424,199

$468,538

10.5%

42

44

48

89

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11

NORTH HEMPSTEAD TOWNSHIP MARKET REPORT 2019 First Quarter Analysis • January 1st - March 31st

%

12

Town

Average Sales Price 2018

Average Sales Price 2019

Year Over Year Change

No. Homes Sold 2018

No. Homes Sold 2019

No. Days on Market 2018

No. Days on Market 2019

Albertson

$833,190

$859,000

3.1%

10

6

107

62

Carle Place

$398,750

$628,188

57.5%

4

8

72

110

East Hills

$1,532,215

$1,180,538

-23.0%

13

13

128

98

East Williston

$857,250

$798,500

-6.9%

4

4

73

31

Great Neck

$1,509,087

$1,503,759

-0.4%

62

56

93

118

Manhasset

$1,736,724

$1,896,088

9.2%

38

40

107

99

Manhasset Hills

$980,000

$830,200

-15.3%

9

5

42

64

Port Washington

$791,897

$945,991

19.5%

34

46

94

106

Roslyn

$789,750

$1,113,538

41.0%

16

13

248

114

Roslyn Estates

$1,615,000

$1,230,000

-23.8%

1

5

22

90

Roslyn Harbor

$1,083,333

$1,777,500

64.1%

3

4

109

129

Rosyn Heights

$1,123,250

$971,875

-13.5%

20

16

95

113

Sands Point

$2,249,875

$2,455,000

9.1%

6

4

192

328

Searingtown

$970,000

$936,667

-3.4%

3

3

116

169

Westbury

$513,709

$502,014

-2.3%

53

55

68

79

Williston Park

$632,500

$650,900

2.9%

11

15

60

55

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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 2019 First Quarter Analysis • January 1st - March 31st

%

14

Town

Average Sales Price 2018

Average Sales Price 2019

Year Over Year Change

No. Homes Sold 2018

No. Homes Sold 2019

No. Days on Market 2018

No. Days on Market 2019

Bayville

$538,993

$649,643

20.5%

16

7

103

130

Bethpage

$486,452

$472,597

-2.8%

31

31

68

65

Brookville

$2,314,000

$2,075,500

-10.3%

5

8

348

135

Centre Island

-

$1,207,500

-

-

2

N/A

53

Cove Neck

$1,350,000

$1,120,000

-17.0%

1

1

178

368

East Norwich

$691,833

$596,000

-13.9%

9

5

58

51

Farmingdale

$464,380

$454,514

-2.1%

54

56

72

75

Glen Cove

$591,707

$608,558

2.8%

41

30

104

118

Glen Head

$685,450

$912,500

33.1%

15

6

105

101

Glenwood Landing $563,000

$557,333

-1.0%

3

3

92

48

Greenvale

$493,333

$590,000

19.6%

3

1

205

63

Hicksville

$492,308

$505,455

2.7%

70

80

46

65

Jericho

$938,769

$919,440

-2.1%

26

17

84

85

Lattingtown

$1,974,143

$892,500

-54.8%

7

2

120

219

Laurel Hollow

$1,225,000

$1,599,800

30.6%

3

5

308

92

Locust Valley

$677,421

$902,625

33.2%

14

8

98

90

Massapequa

$540,665

$536,317

-0.8%

94

95

73

79

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OYSTER BAY TOWNSHIP MARKET REPORT 2019 First Quarter Analysis • January 1st - March 31st

% Town

Average Sales Price 2018

Average Sales Price 2019

Year Over Year Change

No. Homes Sold 2018

No. Homes Sold 2019

No. Days on Market 2018

No. Days on Market 2019

Massapequa Park

$518,879

$539,948

4.1%

33

31

72

59

Muttontown

$1,480,000

$1,370,000

-7.4%

5

6

150

96

North Massapequa $487,273

$483,593

-0.8%

11

17

57

77

Old Bethpage

$688,056

$695,000

1.0%

9

1

84

34

Old Brookville

$3,548,148

$1,880,000

-47.0%

6

5

92

136

Old Westbury

$2,768,458

$1,381,718

-50.1%

6

11

151

187

Oyster Bay

$564,417

$580,833

2.9%

6

9

95

62

Oyster Bay Cove

$2,358,333

$1,237,917

-47.5%

3

6

161

141

Plainview

$582,145

$654,421

12.4%

145

73

76

67

Sea Cliff

$546,438

$874,665

60.1%

8

13

93

94

Seaford

$505,416

$480,205

-5.0%

45

46

67

92

Syosset

$755,373

$852,754

12.9%

45

42

74

96

Upper Brookville

$2,563,125

$1,993,800

-22.2%

8

5

264

174

Westbury

$513,709

$502,014

-2.3%

53

55

68

79

Woodbury

$1,041,250

$1,229,096

18.0%

8

13

121

100

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15

SMITHTOWN TOWNSHIP MARKET REPORT 2019 First Quarter Analysis • January 1st - March 31st

%

16

Town

Average Sales Price 2018

Average Sales Price 2019

Year Over Year Change

No. Homes Sold 2018

No. Homes Sold 2019

No. Days on Market 2018

No. Days on Market 2019

Commack

$505,224

$499,765

-1.1%

50

49

70

78

Hauppauge

$499,913

$486,198

-2.7%

29

24

106

102

Head of the Harbor $1,976,667

$747,500

-62.2%

3

2

128

107

Kings Park

$428,160

$439,420

2.6%

34

36

59

66

Nesconset

$443,293

$419,832

-5.3%

29

22

71

110

Nissequogue

$874,417

$1,010,000

15.5%

6

7

168

122

Smithtown

$496,996

$522,112

5.1%

58

69

80

80

St James

$545,633

$527,882

-3.3%

25

17

109

99

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OUTPACING THE COMPETITION

We are proud to be the fastest growing real estate company on Long Island Take a look at the numbers below: Signature Premier Properties

% Change in Units 2017 vs 2018 % Change in Dollar Volume 2017 vs 2018

12% 14%

Realty Connect Daniel Gale

35% 36%

5% 13%

-2% Coldwell Banker -1% -5% Coach -2% -5% Douglas Elliman -3%

*Information gathered from MLS for under contract residential, co-op/condo, land, and commercial listings in Nassau, Suffolk, Brooklyn, and Queens from 1/1/2017-12/31/2018.

Signature Premier Properties

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BABYLON

HICKSVILLE

NORTHPORT

126 W Main Street Babylon, NY 11702

111 Levittown Parkway Hicksville, NY 11801

180 Main Street Northport, NY 11768

Office: 631.422.3100

Office: 516.935.0700

Office: 631.754.3600

COLD SPRING HARBOR

HUNTINGTON

ROCKVILLE CENTRE

157 Main Street Cold Spring Harbor, NY 11724

157 East Main Street Huntington, NY 11743

75 Seaman Avenue Rockville Centre NY, 11570

Office: 631.692.4800

Office: 631.673.3700

Office: 516.766.7900

COMMACK

LOCUST VALLEY

SAYVILLE

21 Vanderbilt Motor Pkwy Commack, NY 11725 Office: 631.499.6400

41 The Plaza Locust Valley, NY 11560

95 Main Street Sayville, NY 11782

Office: 516.759.4400

DIX HILLS

MASSAPEQUA PARK

15 East Deer Park Road Dix Hills, NY 11746

4863 Merrick Road Massapequa NY, 11762

Office: 631.673.3900

Office: 516.799.7100

EAST NORTHPORT

MEDFORD

190 Laurel Road East Northport, NY 11731

3080 Route 112 Medford NY 11763

Office: 631.368.6800

Office: 631.512.4520

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

SYOSSET 33 Jackson Avenue Syosset, NY 11791 Office: 516.921.1400

WANTAGH

FLORAL PARK

MERRICK

142 Plainfield Avenue Floral Park, NY 11001

324 Merrick Avenue Merrick, NY 11566

Office: 516.492.3210

Office: 516.546.6300

WOODBURY

GARDEN CITY

MILLER PLACE

7952 Jericho Turnpike Woodbury, NY 11797

730 Franklin Avenue Garden City, NY 11530

275 Route 25A Miller Place, NY 11764

1867 Wantagh Avenue Wantagh, NY 11793

Office: 516.496.0300

Office: 516.741.4333

MAIN: 877.273.3750

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Signature Premier Properties

877.273.3750 | signaturepremier.com