2021 Q1 Market Report

Page 1

2021 First Quarter Analysis

MARKET REPORT January 1st through March 31st


20 Offices Located Throughout Long Island

HUNTINGTON

SETAUKET

MILLER PLACE

NORTHPORT SMITHTOWN WOODBURY EAST NORTHPORT

RONKONKOMA

SYOSSET COLD SPRING HARBOR GARDEN CITY

DIX HILLS

MEDFORD SAYVILLE

BABYLON ROCKVILLE CENTRE

WANTAGH MERRICK

AMITY HARBOR


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!

CALL 877.273.3750

*COMING SOON


Continued Growth

AND A STRONG SPRING MARKET Spring has finally sprung! Birds are chirping, flowers are blooming, and the sun is shining! In a traditional balanced spring market, buyers are out in full force searching for their next place to call home while many new properties are being listed every day. Typically, there is enough supply to satisfy the demand. This spring marketing is not typical of what we’re used to. While buyer activity is still intense, the number of homes for sale on Long Island are at record lows with less than a two-month supply of inventory in most towns. The unprecedented growth in the Long Island housing market continued into the first quarter of 2021. In a comparison of January-March 2020 vs. JanuaryMarch 2021, closed sales were up 30% in Suffolk County and 42% in Nassau County, while pending home sale activity jumped 12% in Suffolk County and 26% in Nassau County. Interest rates are still low, and there is no shortage of buyers. Our agents are continuing to see multiple offer situations, competitive bidding wars, and long lines at their open houses. Houses are flying off the market at a record pace, many well above the asking price. We’re in a true seller’s market. It’s a great time to be a seller and a challenging time to be a buyer. Even though the market is hot, sellers still need to prepare their homes, price them right, and market them professionally. Buyers need to be ready to compete and stay on top of new listings as they hit the market. The good news is, whether you’re buying or selling, your Signature Premier Properties agent understands market trends and can help you navigate this unique market!

4

Signature Premier Properties

877.273.3750 | signaturepremier.com


BABYLON TOWNSHIP MARKET REPORT 2021 First Quarter Analysis • January 1st - March 31st

% Town

Average Sales Price 2020

Average Sales Price 2021

Year Over Year Change

No. Homes Sold 2020

No. Homes Sold 2021

No. Days on Market 2020

No. Days on Market 2021

Amity Harbor

$489,000

$374,625

-23.4%

1

4

42

41

Amityville

$341,545

$460,644

34.9%

40

49

68

61

Babylon

$521,786

$628,964

20.5%

28

45

95

54

Copiague

$382,031

$424,538

11.1%

44

26

59

44

Deer Park

$421,331

$484,097

14.9%

54

68

58

51

Lindenhurst

$400,900

$460,717

14.9%

81

125

59

43

North Babylon

$400,213

$483,577

20.8%

41

47

54

42

West Babylon

$400,719

$479,725

19.7%

0

92

60

37

Wheatley Heights

$389,600

$478,875

22.9%

5

16

78

91

Wyandanch

$329,835

$346,217

5.0%

17

18

57

73

Signature Premier Properties

877.273.3750 | signaturepremier.com

5


BROOKHAVEN TOWNSHIP MARKET REPORT 2021 First Quarter Analysis • January 1st - March 31st

% Town

6

Average Sales Price 2020

Average Sales Price 2021

Year Over Year Change

No. Homes Sold 2020

No. Homes Sold 2021

No. Days on Market 2020

No. Days on Market 2021

Belle Terre

$737,500

$851,500

15.5%

2

3

84

91

Bellport

$272,613

$343,500

26.0%

16

16

46

28

Blue Point

$446,100

$497,143

11.4%

5

14

88

21

Brookhaven

$419,450

$559,743

33.4%

10

14

152

57

Center Moriches

$454,809

$530,271

16.6%

21

26

83

49

Centereach

$402,083

$417,122

3.7%

48

57

73

34

Coram

$334,364

$416,974

24.7%

46

60

84

59

East Moriches

$489,489

$637,598

30.3%

9

17

176

63

East Setauket

$454,558

$586,673

29.1%

19

26

0

53

Farmingville

$365,481

$430,167

17.7%

37

36

97

76

Holbrook

$421,445

$450,809

7.0%

47

49

59

55

Holtsville

$423,736

$505,318

19.3%

22

31

74

34

Lake Grove

$465,256

$499,542

7.4%

28

38

77

52

Lake Ronkonkoma $386,700

$453,700

17.3%

10

20

91

45

Manorville

$454,970

$499,531

9.8%

29

32

98

64

Mastic

$268,921

$298,616

11.0%

59

49

58

52

Medford

$358,243

$426,490

19.1%

91

80

85

53

Signature Premier Properties

877.273.3750 | signaturepremier.com


BROOKHAVEN TOWNSHIP MARKET REPORT 2021 First Quarter Analysis • January 1st - March 31st

% Town

Average Sales Price 2020

Average Sales Price 2021

Year Over Year Change

No. Homes Sold 2020

No. Homes Sold 2021

No. Days on Market 2020

No. Days on Market 2021

Middle Island

$321,541

$396,429

23.3%

18

17

75

108

Miller Place

$430,736

$541,906

25.8%

25

46

145

67

Moriches

$404,438

$542,313

34.1%

8

8

95

77

Mt Sinai

$463,252

$565,371

22.0%

27

35

87

61

Patchogue

$351,349

$406,591

15.7%

53

81

71

37

Port Jefferson

$517,265

$590,159

14.1%

17

22

86

67

Pt Jefferson Station $381,561

$412,699

8.2%

44

69

95

46

Ridge

$318,015

$428,158

34.6%

25

38

88

41

Rocky Point

$323,160

$383,519

18.7%

38

52

59

36

Selden

$347,912

$399,774

14.9%

61

67

66

36

Setauket

$593,368

$618,982

4.3%

19

28

101

81

South Setauket

$424,571

$522,152

23.0%

14

17

78

49

Shirley

$277,823

$351,459

26.5%

84

111

89

57

Shoreham

$448,167

$543,852

21.4%

18

24

72

47

Sound Beach

$304,427

$374,681

23.1%

22

32

92

41

Stony Brook

$520,597

$576,240

10.7%

32

34

72

48

Yaphank

$364,600

$361,236

-0.9%

5

11

82

38

Signature Premier Properties

877.273.3750 | signaturepremier.com

7


HEMPSTEAD TOWNSHIP MARKET REPORT 2021 First Quarter Analysis • January 1st - March 31st

% Town

8

Average Sales Price 2020

Average Sales Price 2021

Year Over Year Change

No. Homes Sold 2020

No. Homes Sold 2021

No. Days on Market 2020

No. Days on Market 2021

Atlantic Beach

$750,417

$1,288,636

71.7%

6

11

128

95

Baldwin

$477,890

$513,918

7.5%

50

57

70

65

Baldwin Harbor

$950,000

$550,375

-42.1%

2

4

76

92

Bellerose

$668,310

$716,000

7.1%

19

34

74

57

Bellmore

$564,111

$590,224

4.6%

27

68

85

48

Cedarhurst

$755,143

$777,679

3.0%

14

14

62

100

East Meadow

$554,752

$610,863

10.1%

73

86

71

50

East Rockaway

$522,935

$586,705

12.2%

23

44

69

58

Elmont

$503,076

$562,137

11.7%

52

71

63

50

Floral Park

$584,167

$623,421

6.7%

33

63

110

69

Franklin Square

$649,261

$698,719

7.6%

44

57

89

73

Freeport

$405,026

$485,184

19.8%

72

84

73

63

Garden City

$1,047,176

$1,142,800

9.1%

37

50

88

56

Garden City South $586,667

$668,083

13.9%

6

6

89

31

Hewlett

$614,429

$652,844

6.3%

14

16

123

76

Hewlett Harbor

$1,144,250

$2,731,250

138.7%

4

4

196

206

Signature Premier Properties

877.273.3750 | signaturepremier.com


HEMPSTEAD TOWNSHIP MARKET REPORT 2021 First Quarter Analysis • January 1st - March 31st

% Town

Average Sales Price 2020

Average Sales Price 2021

Year Over Year Change

No. Homes Sold 2020

No. Homes Sold 2021

No. Days on Market 2020

No. Days on Market 2021

Hewlett Neck

$2,325,000

$-

-100.0%

1

0

33

0

Inwood

$463,333

$603,571

30.3%

6

7

45

265

Island Park

$498,567

$578,970

16.1%

15

33

94

74

Lawrence

$1,613,286

$1,485,333

-7.9%

7

9

154

67

Levittown

$470,184

$515,848

9.7%

89

137

71

42

Lido Beach

$682,295

$815,375

19.5%

4

8

97

80

Long Beach

$604,867

$863,096

42.7%

43

63

108

95

Lynbrook

$551,757

$577,595

4.7%

44

49

90

44

Malverne

$535,737

$606,348

13.2%

19

33

90

71

Merrick

$604,778

$714,371

18.1%

59

96

97

65

Mineola

$574,870

$628,048

9.3%

27

33

85

72

New Hyde Park

$725,174

$698,543

-3.7%

66

91

83

81

North Baldwin

$417,295

$505,893

21.2%

20

22

59

58

North Bellmore

$535,538

$645,143

20.5%

26

43

89

67

North Merrick

$610,875

$585,800

-4.1%

4

5

56

54

Oceanside

$552,460

$613,147

11.0%

77

91

95

62

Pt Lookout

$773,333

$860,000

11.2%

3

2

49

317

Rockville Centre

$762,000

$829,679

8.9%

34

70

90

71

Roosevelt

$399,995

$463,288

15.8%

38

20

63

114

S. Hempstead

$510,833

$482,857

-5.5%

6

7

74

21

Stewart Manor

$547,000

$594,250

8.6%

1

4

63

32

Uniondale

$410,969

$491,917

19.7%

24

30

73

52

Valley Stream

$521,614

$563,083

8.0%

84

121

64

57

Wantagh

$584,692

$629,311

7.6%

63

80

70

49

West Hempstead

$520,953

$595,041

14.2%

43

46

71

51

Woodmere

$814,145

$856,279

5.2%

13

35

74

108

Signature Premier Properties

877.273.3750 | signaturepremier.com

9


HUNTINGTON TOWNSHIP MARKET REPORT 2021 First Quarter Analysis • January 1st - March 31st

% Town

Average Sales Price 2021

Year Over Year Change

No. Homes Sold 2020

No. Homes Sold 2021

No. Days on Market 2020

No. Days on Market 2021

$740,717

27.7%

15

23

92

69

Cold Spring Harbor $1,275,000

$1,610,036

26.3%

6

14

136

81

Commack

$506,620

$626,848

23.7%

53

79

63

44

Dix Hills

$798,922

$862,516

8.0%

55

91

89

78

East Northport

$547,378

$577,385

5.5%

54

89

70

37

Fort Salonga

$889,667

$858,740

-3.5%

3

3

87

23

Greenlawn

$555,270

$654,514

17.9%

18

22

52

53

Huntington

$676,432

$690,020

2.0%

88

130

80

54

Huntington Bay

$1,047,250

$1,844,400

76.1%

4

5

69

150

Huntington Station $412,749

$472,977

14.6%

58

76

56

49

Lloyd Harbor

$1,399,900

$1,616,667

15.5%

10

21

138

160

Lloyd Neck

$976,667

$1,347,500

38.0%

3

10

140

122

Melville

$699,986

$760,550

8.7%

34

50

87

64

Northport

$671,735

$750,397

11.7%

40

70

122

68

South Huntington

$548,455

$564,125

2.9%

11

20

91

47

Centerport

10

Average Sales Price 2020 $579,900

Signature Premier Properties

877.273.3750 | signaturepremier.com


ISLIP TOWNSHIP MARKET REPORT 2021 First Quarter Analysis • January 1st - March 31st

% Town

Avg. Sales Price 2020

Avg. Sales Price 2021

YoY Change

Homes Sold 2020

Homes Sold 2021

Days 0n Market 2020

Days 0n Market 2021

Bay Shore

$411,086

$448,702

9.2%

111

140

53

50

Bayport

$524,469

$644,591

22.9%

12

22

98

47

Bohemia

$301,679

$478,759

58.7%

14

17

113

52

Brentwood

$363,868

$398,862

9.6%

57

66

55

52

Brightwaters

$572,000

$632,167

10.5%

6

9

72

17

Central Islip

$336,884

$371,966

10.4%

67

57

78

61

East Islip

$482,838

$568,021

17.6%

30

37

74

61

Great River

$772,333

$810,000

4.9%

3

2

74

22

Holbrook

$421,445

$450,809

7.0%

47

49

59

55

Holtsville

$423,736

$505,318

19.3%

22

31

74

34

Islandia

$351,889

$449,800

27.8%

9

10

68

79

Islip

$471,793

$498,225

5.6%

27

28

51

61

Islip Terrace

$384,388

$481,188

25.2%

24

16

67

61

Lake Ronkonkoma $386,700

$453,700

17.3%

10

20

91

45

Oakdale

$515,415

$569,000

10.4%

13

20

58

64

Ronkokoma

$378,672

$447,594

18.2%

68

90

61

42

Sayville

$471,572

$572,537

21.4%

23

41

77

47

West Islip

$553,185

$575,977

4.1%

47

69

68

37

Signature Premier Properties

877.273.3750 | signaturepremier.com

11


NORTH HEMPSTEAD TOWNSHIP MARKET REPORT 2021 First Quarter Analysis • January 1st - March 31st

% Town

12

Average Sales Price 2020

Average Sales Price 2021

Year Over Year Change

No. Homes Sold 2020

No. Homes Sold 2021

No. Days on Market 2020

No. Days on Market 2021

Albertson

$824,533

$754,875

-8.4%

15

16

70

89

Carle Place

$520,750

$712,909

36.9%

6

11

72

56

East Hills

$989,583

$1,356,256

37.1%

12

16

143

70

East Williston

$892,600

$939,686

5.3%

5

7

92

92

Floral Park

$649,261

$698,719

7.6%

44

57

89

73

Great Neck

$1,409,480

$1,380,137

-2.1%

33

75

102

91

Manhasset

$1,849,805

$1,831,719

-1.0%

41

55

126

96

Manhasset Hills

$883,400

$952,250

7.8%

5

4

63

53

Port Washington

$1,002,847

$1,002,935

0.0%

47

48

86

78

Roslyn

$1,112,573

$1,085,643

-2.4%

7

14

76

109

Roslyn Estates

$1,510,000

$1,695,000

12.3%

3

2

59

93

Roslyn Harbor

$-

$1,450,000

100.0%

0

4

0

141

Rosyn Heights

$1,037,692

$1,109,813

7.0%

13

24

77

121

Sands Point

$2,585,250

$4,007,500

55.0%

10

12

222

137

Searingtown

$1,028,500

$1,134,000

10.3%

2

2

240

39

Westbury

$517,896

$579,981

12.0%

59

102

75

58

Williston Park

$640,482

$703,059

9.8%

11

16

42

78

Signature Premier Properties

877.273.3750 | signaturepremier.com


THE VIEW IS ALWAYS BETTER

FROM THE TOP In a 2020 year over year comparison of the top real estate companies on Long Island, Signature is proud to come out as number one, for an increase in units for both under contract and sold listings. Between our impressive numbers, new innovative tech center, and advance marketing tools, we are at the top of our game.

Peter Morris & Kathy Kirby-Viard Owners, Licensed Real Estate Brokers Peter's Cell: 631.332.0118 Kathy's Cell: 631.902.0400 signaturepremier.com *Information gathered from MLS for residential, co-op/condo, land, and commercial listings under contract & closed sales in Nassau, Suffolk, Brooklyn, and Queens from 1/1/2019 - 12/31/2020.

Signature Premier Properties

877.273.3750 | signaturepremier.com

13


OYSTER BAY TOWNSHIP MARKET REPORT 2021 First Quarter Analysis • January 1st - March 31st

% Town

14

Average Sales Price 2020

Average Sales Price 2021

Year Over Year Change

No. Homes Sold 2020

No. Homes Sold 2021

No. Days on Market 2020

No. Days on Market 2021

Bayville

$668,014

$824,800

23.5%

7

15

290

101

Bethpage

$525,385

$563,392

7.2%

40

51

76

56

Brookville

$1,883,333

$2,305,000

22.4%

3

8

243

186

Centre Island

$600,000

$3,200,000

433.3%

1

1

39

637

Cove Neck

$1,767,500

$-

-100.0%

2

0

86

0

East Norwich

$660,667

$771,125

16.7%

9

8

130

42

Farmingdale

$464,161

$567,348

22.2%

48

55

58

41

Glen Cove

$544,362

$756,741

39.0%

47

44

88

65

Glen Head

$864,444

$827,682

-4.3%

9

22

148

83

Glenwood Landing $404,250

$575,000

42.2%

2

1

108

32

Greenvale

$410,000

$810,667

97.7%

1

3

25

39

Hicksville

$526,314

$602,821

14.5%

76

103

70

65

Jericho

$898,039

$953,948

6.2%

23

34

106

100

Lattingtown

$3,680,000

$2,545,500

-30.8%

1

1

222

15

Laurel Hollow

$2,777,000

$1,500,000

-46.0%

5

7

144

155

Locust Valley

$1,436,000

$1,288,205

-10.3%

5

22

89

81

Massapequa

$532,186

$611,019

14.8%

100

133

78

52

Signature Premier Properties

877.273.3750 | signaturepremier.com


OYSTER BAY TOWNSHIP MARKET REPORT 2021 First Quarter Analysis • January 1st - March 31st

% Town

Average Sales Price 2020

Average Sales Price 2021

Year Over Year Change

No. Homes Sold 2020

No. Homes Sold 2021

No. Days on Market 2020

No. Days on Market 2021

Massapequa Park

$550,031

$621,734

13.0%

32

62

63

44

Muttontown

$2,036,500

$1,650,115

-19.0%

10

13

202

103

North Massapequa $455,218

$535,000

17.5%

4

2

71

213

Old Bethpage

$688,125

$779,014

13.2%

12

12

120

79

Old Brookville

$2,386,250

$1,942,333

-18.6%

8

15

198

158

Old Westbury

$2,752,222

$2,835,063

3.0%

9

16

311

205

Oyster Bay

$835,750

$771,361

-7.7%

4

12

224

124

Oyster Bay Cove

$1,269,000

$1,912,500

50.7%

5

5

73

222

Plainview

$663,138

$729,187

10.0%

64

78

77

63

Sea Cliff

$698,300

$1,038,339

48.7%

15

24

117

94

Seaford

$498,089

$555,609

11.5%

51

49

84

54

Syosset

$781,459

$859,997

10.1%

59

80

98

84

Upper Brookville

$1,614,000

$1,489,167

-7.7%

5

6

221

53

Westbury

$517,896

$579,981

12.0%

59

102

75

58

Woodbury

$1,047,429

$1,209,923

15.5%

7

13

75

44

Signature Premier Properties

877.273.3750 | signaturepremier.com

15


SMITHTOWN TOWNSHIP MARKET REPORT 2021 First Quarter Analysis • January 1st - March 31st

%

16

Town

Average Sales Price 2020

Average Sales Price 2021

Year Over Year Change

No. Homes Sold 2020

No. Homes Sold 2021

No. Days on Market 2020

No. Days on Market 2021

Commack

$506,620

$626,848

23.7%

53

79

63

44

Hauppauge

$523,183

$594,885

13.7%

30

39

70

42

Head of the Harbor $-

$847,500

100.0%

0

2

0

386

Kings Park

$487,452

$555,349

13.9%

21

48

66

39

Lake Ronkonkoma $386,700

$453,700

17.3%

10

20

91

45

Nesconset

$474,786

$539,877

13.7%

25

22

101

40

Nissequogue

$1,204,571

$1,181,250

-1.9%

7

4

286

60

Smithtown

$523,345

$570,584

9.0%

79

81

84

57

St James

$527,526

$623,820

18.3%

35

46

86

69

Signature Premier Properties

877.273.3750 | signaturepremier.com


Surfer’s Way Outing EMPOWERING CHILDREN WITH SPECIAL NEEDS

TUESDAY, JULY 13 TUESDAY, AUGUST 17 RIVERSIDE BEACH, LONG BEACH

Surfing has been known to touch children with special needs and create a personal sense of accomplishment. Through Surfer’s Way, every child can have the chance to experience the freedom of surfing, regardless of their challenges. In order to ensure the safety of this event, it will operate at a reduced capacity. As such, we please ask that you only register your child for ONE of the two dates so we can give as many children the opportunity to participate as possible. Children surf for about 20 minutes in appointments from 9am - 1pm. To register your child, please email SurfersWay@gmail.com and include: -Child’s name AND age -Parent / Guardian name and contact # -Outing Date preferred. You will receive email confirmation when your child is registered.

Signature Premier Properties is a proud sponsor

Signature Premier Properties

877.273.3750 | signaturepremier.com

17


AMITY HARBOR

MEDFORD

SAYVILLE

90 Montauk Highway Amity Harbor, NY 11701 Office: 631.842.8400

3080 Route 112 Medford NY 11763 Office: 631.512.4520

95 Main Street Sayville, NY 11782 Office: 631.567.0100

BABYLON

MERRICK

SETAUKET

126 W Main Street Babylon, NY 11702 Office: 631.422.3100

324 Merrick Avenue Merrick, NY 11566 Office: 516.546.6300

Coming Soon

COLD SPRING HARBOR

MILLER PLACE

157 Main Street Cold Spring Harbor, NY 11724 Office: 631.692.4800

275 Route 25A Miller Place, NY 11764 Office: 631.642.2300

DIX HILLS

NORTHPORT

15 East Deer Park Road Dix Hills, NY 11746 Office: 631.673.3900

180 Main Street Northport, NY 11768 Office: 631.754.3600

EAST NORTHPORT

ROCKVILLE CENTRE

190 Laurel Road East Northport, NY 11731 Office: 631.368.6800

75 Seaman Avenue Rockville Centre, NY 11570 Office: 516.766.7900

GARDEN CITY

RONKONKOMA

730 Franklin Avenue Garden City, NY 11530 Office: 516.741.4333

4949 Express Drive N Suite 104 Ronkonkoma, NY 11779 Office: 631.585.8400

HUNTINGTON 157 East Main Street Huntington, NY 11743 Office: 631.673.3700

18

Signature Premier Properties

SMITHTOWN 7 West Main Street Smithtown, NY 11787 Office: 631.360.2800 SYOSSET 33 Jackson Avenue Syosset, NY 11791 Office: 516.921.1400 WANTAGH 1867 Wantagh Avenue Wantagh, NY 11793 Office: 516.785.0100 WOODBURY 7952 Jericho Turnpike Woodbury, NY 11797 Office: 516.496.0300

MAIN: 877.273.3750

877.273.3750 | signaturepremier.com


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.