2021 Annual Report
M A R K E T R E P O RT January 1st through December 31st
19 Offices Located Throughout Long Island
HUNTINGTON
EAST SETAUKET MILLER PLACE
NORTHPORT SMITHTOWN WOODBURY
EAST NORTHPORT
RONKONKOMA
SYOSSET COLD SPRING HARBOR GARDEN CITY
DIX HILLS BABYLON ROCKVILLE CENTRE WANTAGH MERRICK
AMITY HARBOR
MEDFORD SAYVILLE
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
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Annual Report
PRESSURE EASING It’s a brand-new year, and we’ve got new resolutions, new opportunities, new challenges, and a renewed sense of hope for the year ahead. 2022 marks the start of our third calendar year into the COVID-19 pandemic. We’ve learned to adapt to a new normal; things that once seemed temporary have become staples in our everyday lives. However, one thing has remained the same throughout the past year, and that’s the fact that the pandemic has continued to affect people’s housing needs and preferences. The 2021 housing market was one for the history books. Sales prices soared to new heights while inventory hit rock bottom and homes sold in record time. The strong seller’s market of 2020 only strengthened in 2021, with historically low inventory and incredible demand. Low mortgage rates continued to fuel demand despite the increase in competition and rising home prices. Like the previous year, 2021 was marked with multiple offer situations, bidding wars, long lines at open houses, rising prices, and an ever-growing pool of buyers. Despite seeing fewer homes on the market, we still saw an increase in sales across Long Island. In Nassau County, closed sales were up 26.2% from 2020, with a total of 15,895 sales. The median sale price was $640,000, up 11.3% from 2020, with sellers receiving on average 99.3% of their asking price. By the end of 2021, there was a 1.6-month supply of inventory with a total of 2,216 homes for sale. Over in Suffolk County, there were a total of 19,243 homes sold in 2021, a 12.6% increase from the year prior. The median sales price was $505,000, an increase of 13.5% from 2020, and sellers received an average of 101.4% of their asking price. The year-end inventory saw a 1.4-month supply, with 2338 homes for sale. NAR Chief Economist Lawrence Yun predicts many of the 2021 housing market trends will continue in 2022 but at a more moderate level. While home sales are projected to remain strong, they will be tempered by the continued limited supply, higher sales prices, and rising interest rates. Home prices are expected to continue to rise, but at a slower pace compared to last year. Homeowners who choose to sell in the coming months can expect to see plenty of buyer activity while mortgage interest rates remain low. However, we expect interest rates to rise this year, with the Federal Reserve estimating 3-4 rate increases for 2022. Surging home prices coupled with rising interest rates will lead to affordability challenges for many buyers, as higher mortgage rates leave buyers with less purchasing power. Buyers looking for a new place to call home will have to navigate through a competitive market and be ready to jump as new inventory hits the market. The good news is, whether you’re thinking about buying or selling, your Signature Premier Properties agent is always here to guide you every step of the way.
4
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BABYLON TOWNSHIP MARKET REPORT 2021 Annual Report • January 1st - December 31st
% Town
Average Sales Price 2021
Average Sales Price 2020
YoY Change
No. Homes Sold 2021
No. Homes Sold 2020
No. Days on Market 2021
No. Days on Market 2020
Amity Harbor
$503,850
$415,811
21.2%
20
16
47
57
Amityville
$491,655
$414,308
18.7%
172
164
54
63
Babylon
$631,297
$616,430
2.4%
174
160
48
70
Copiague
$485,784
$410,364
18.4%
135
166
44
66
Deer Park
$516,935
$442,587
16.8%
308
246
36
54
Lindenhurst
$483,281
$420,532
14.9%
529
423
44
60
North Babylon
$504,071
$426,932
18.1%
204
154
37
45
West Babylon
$500,479
$428,772
16.7%
397
332
37
49
Wheatley Heights $476,294
$418,587
13.8%
50
41
62
84
$769,478
$332,520
131.4%
69
74
68
81
Wyandanch
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5
BROOKHAVEN TOWNSHIP MARKET REPORT 2021 Annual Report • January 1st - December 31st
%
6
Town
Average Sales Price 2021
Average Sales Price 2020
YoY Change
No. Homes Sold 2021
No. Homes Sold 2020
No. Days on Market 2021
No. Days on Market 2020
Belle Terre
$985,773
$770,652
27.9%
11
8
89
164
Bellport
$343,536
$314,633
9.2%
77
69
42
55
Blue Point
$563,126
$515,038
9.3%
52
40
40
58
Brookhaven
$564,371
$500,304
12.8%
52
42
60
87
Center Moriches
$574,439
$463,040
24.1%
107
124
61
85
Centereach
$459,630
$389,965
17.9%
270
237
35
57
Coram
$437,792
$377,346
16.0%
262
238
43
69
East Moriches
$759,108
$612,893
23.9%
59
65
73
123
East Setauket
$608,131
$525,204
15.8%
119
96
46
77
Farmingville
$472,915
$404,738
16.8%
196
144
57
70
Holbrook
$496,888
$436,096
13.9%
249
226
40
52
Holtsville
$530,120
$461,422
14.9%
121
104
36
61
Lake Grove
$538,351
$468,125
15.0%
146
123
53
65
Lake Ronkonkoma $458,302
$391,582
17.0%
81
43
31
61
Manorville
$562,355
$489,659
14.8%
117
132
55
93
Mastic
$342,823
$280,396
22.3%
238
211
49
65
Mastic Beach
$306,271
$241,811
26.7%
293
213
57
70
Medford
$452,272
$392,665
15.2%
320
333
51
78
Signature Premier Properties
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BROOKHAVEN TOWNSHIP MARKET REPORT 2021 Annual Report • January 1st - December 31st
% Town
Average Sales Price 2021
Average Sales Price 2020
YoY Change
No. Homes Sold 2021
No. Homes Sold 2020
No. Days on Market 2021
No. Days on Market 2020
Middle Island
$411,610
$356,391
15.5%
86
87
61
79
Miller Place
$599,150
$487,647
22.9%
187
140
58
83
Moriches
$558,500
$400,322
39.5%
19
19
75
98
Mt Sinai
$652,402
$547,895
19.1%
144
128
59
74
Patchogue
$430,167
$373,303
15.2%
311
254
40
63
Port Jefferson
$619,037
$548,241
12.9%
99
70
68
80
Pt Jefferson Station $472,221
$405,607
16.4%
332
254
46
68
Ridge
$440,217
$363,928
21.0%
146
117
42
73
Rocky Point
$406,717
$344,362
18.1%
224
202
43
62
Selden
$427,191
$362,694
17.8%
334
292
40
56
Setauket
$741,014
$676,136
9.6%
144
117
55
80
South Setauket
$580,938
$471,226
23.3%
83
67
41
53
Shirley
$374,217
$311,865
20.0%
427
386
48
69
Shoreham
$601,539
$491,374
22.4%
82
94
44
62
Sound Beach
$390,768
$313,891
24.5%
154
105
50
66
Stony Brook
$599,987
$535,527
12.0%
185
163
39
68
Wading River
$524,517
$493,348
6.3%
146
143
56
82
Yaphank
$451,349
$392,977
14.9%
39
27
44
64
Signature Premier Properties
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7
HEMPSTEAD TOWNSHIP MARKET REPORT 2021 Annual Report • January 1st - December 31st
%
8
Town
Average Sales Price 2021
Average Sales Price 2020
YoY Change
No. Homes Sold 2021
No. Homes Sold 2020
No. Days on Market 2021
No. Days on Market 2020
Atlantic Beach
$1,320,185
$924,106
42.9%
41
33
123
121
Baldwin
$576,120
$484,265
19.0%
230
212
48
76
Baldwin Harbor
$651,045
$706,727
-7.9%
11
11
55
74
Bellerose
$730,382
$682,127
7.1%
137
86
54
101
Bellmore
$665,601
$632,279
5.3%
262
191
48
76
Cedarhurst
$912,359
$848,097
7.6%
57
36
72
100
East Meadow
$646,133
$566,650
14.0%
401
322
45
59
East Rockaway
$599,688
$547,584
9.5%
152
114
59
91
Elmont
$582,703
$507,665
14.8%
288
238
53
81
Floral Park
$737,631
$664,802
11.0%
275
186
60
60
Franklin Square
$667,601
$594,853
12.2%
248
177
52
74
Freeport
$534,701
$443,650
20.5%
344
315
59
85
Garden City
$1,210,967
$1,067,950
13.4%
272
225
49
67
Garden City South $689,568
$691,316
-0.3%
22
19
50
78
Hewlett
$734,292
$691,131
6.2%
80
64
81
101
Hewlett Harbor
$1,587,455
$1,227,313
29.3%
22
16
167
100
Signature Premier Properties
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HEMPSTEAD TOWNSHIP MARKET REPORT 2021 Annual Report • January 1st - December 31st
% Town
Average Sales Price 2021
Average Sales Price 2020
YoY Change
No. Homes Sold 2021
No. Homes Sold 2020
No. Days on Market 2021
No. Days on Market 2020
Hewlett Neck
$1,946,250
$2,168,500
-10.2%
4
2
152
88
Inwood
$619,400
$492,614
25.7%
25
22
126
93
Island Park
$604,164
$524,640
15.2%
119
76
71
84
Lawrence
$1,458,375
$1,417,200
2.9%
24
25
81
120
Levittown
$558,417
$491,974
13.5%
549
465
38
61
Lido Beach
$1,180,705
$887,084
33.1%
39
32
73
151
Long Beach
$840,909
$679,104
23.8%
292
234
76
90
Lynbrook
$626,099
$566,585
10.5%
231
190
48
63
Malverne
$626,659
$563,087
11.3%
141
94
58
64
Merrick
$732,786
$667,719
9.7%
430
409
51
73
Mineola
$672,188
$632,241
6.3%
144
101
58
72
New Hyde Park
$753,500
$716,142
5.2%
390
228
62
76
North Baldwin
$544,361
$472,224
15.3%
89
95
46
63
North Bellmore
$643,671
$562,248
14.5%
174
126
41
64
North Merrick
$583,658
$575,950
1.3%
12
10
67
57
Oceanside
$641,792
$557,110
15.2%
354
296
54
78
Pt Lookout
$1,212,297
$1,025,500
18.2%
16
17
88
123
Rockville Centre
$841,754
$791,764
6.3%
249
253
58
78
Roosevelt
$465,380
$420,232
10.7%
98
120
74
81
S. Hempstead
$536,440
$475,806
12.7%
25
16
51
78
Stewart Manor
$629,800
$654,950
-3.8%
20
10
56
61
Uniondale
$511,072
$435,259
17.4%
121
86
54
70
Valley Stream
$596,831
$549,796
8.6%
525
394
53
63
Wantagh
$643,538
$588,620
9.3%
355
291
38
59
West Hempstead
$609,333
$520,979
17.0%
211
184
47
71
Woodmere
$946,614
$855,323
10.7%
131
102
73
85
Signature Premier Properties
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9
HUNTINGTON TOWNSHIP MARKET REPORT 2021 Annual Report • January 1st - December 31st
%
10
Town
Average Sales Price 2021
Average Sales Price 2020
YoY Change
No. Homes Sold 2021
No. Homes Sold 2020
No. Days on Market 2021
No. Days on Market 2020
Centerport
$761,809
$769,337
-1.0%
103
94
49
76
Cold Spring Harbor $1,731,875
$1,548,430
11.8%
52
43
82
111
Commack
$664,641
$557,520
19.2%
363
287
39
56
Dix Hills
$958,490
$826,732
15.9%
390
356
54
81
East Northport
$612,708
$554,487
10.5%
346
330
33
57
Ft Salonga
$1,092,849
$868,455
25.8%
25
22
39
84
Greenlawn
$694,875
$610,707
13.8%
98
92
53
58
Huntington
$754,887
$695,631
8.5%
556
499
55
66
Huntington Bay
$1,692,190
$1,241,111
36.3%
21
27
104
100
Huntington Station $504,924
$453,785
11.3%
331
271
41
49
Lloyd Harbor
$2,174,671
$1,740,684
24.9%
76
44
106
136
Lloyd Neck
$1,415,280
$1,292,655
9.5%
25
11
100
129
Melville
$799,599
$811,180
-1.4%
169
166
54
67
Northport
$852,365
$781,059
9.1%
284
289
65
94
South Huntington
$641,758
$600,636
6.8%
60
57
41
82
Signature Premier Properties
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ISLIP TOWNSHIP MARKET REPORT 2021 Annual Report • January 1st - December 31st
% Town
Average Sales Average Sales Price 2021 Price 2020
YoY Change
No. Homes Sold 2021
No. Homes Sold 2020
No. Days On Market 2021
No. Days On Market 2020
Bay Shore
$492,841
$422,344
16.7%
474
444
48
53
Bayport
$662,766
$569,687
16.3%
104
72
54
67
Blue Point
$536,126
$515,183
4.1%
52
41
40
57
Bohemia
$516,654
$395,192
30.7%
97
73
46
72
Brentwood
$433,706
$377,940
14.8%
286
253
48
70
Brightwaters
$706,147
$612,375
15.3%
34
42
57
61
Central Islip
$403,540
$349,870
15.3%
225
209
48
69
East Islip
$610,051
$531,008
14.9%
170
129
59
58
Great River
$1,000,167
$715,059
39.9%
12
17
55
56
Holbrook
$496,888
$436,096
13.9%
249
226
40
52
Holtsville
$530,120
$461,422
14.9%
121
104
36
61
Islandia
$466,809
$378,161
23.4%
34
28
56
73
Islip
$571,841
$489,377
16.9%
144
143
52
51
Islip Terrace
$506,163
$415,797
21.7%
100
96
44
47
Lake Ronkonkoma $458,302
$391,582
17.0%
81
43
31
61
Oakdale
$614,449
$523,796
17.3%
107
94
44
53
Ronkokoma
$471,000
$406,493
15.9%
356
311
38
53
Sayville
$586,482
$501,324
17.0%
148
125
44
65
West Islip
$628,032
$549,757
14.2%
312
237
40
49
West Sayville
$504,680
$447,620
12.7%
25
20
24
82
Signature Premier Properties
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11
NORTH HEMPSTEAD TOWNSHIP MARKET REPORT 2021 Annual Report • January 1st - December 31st
%
12
Town
Average Sales Price 2021
Average Sales Price 2020
YoY Change
No. Homes Sold 2021
No. Homes Sold 2020
No. Days on Market 2021
No. Days on Market 2020
Albertson
$805,540
$796,229
1.2%
57
59
59
64
Carle Place
$686,206
$558,013
23.0%
47
28
64
64
East Hills
$1,399,779
$1,303,145
7.4%
83
79
63
106
East Williston
$1,109,392
$1,000,857
10.8%
25
23
82
120
Floral Park
$737,631
$664,802
11.0%
275
186
60
60
Great Neck
$1,601,735
$1,447,184
10.7%
414
232
81
101
Manhasset
$2,012,340
$1,861,236
8.1%
241
198
77
89
Manhasset Hills
$1,115,115
$984,263
13.3%
26
32
37
70
Port Washington
$1,042,588
$1,026,808
1.5%
277
246
56
71
Roslyn
$1,270,237
$1,093,134
16.2%
69
45
60
91
Roslyn Estates
$1,524,292
$1,507,500
1.1%
14
15
81
79
Roslyn Harbor
$2,024,231
$1,396,531
44.9%
13
16
133
177
Rosyn Heights
$1,082,018
$1,142,366
-5.3%
95
80
86
116
Sands Point
$3,234,563
$3,116,270
3.8%
52
50
135
159
Searingtown
$1,155,083
$1,040,875
11.0%
12
8
45
126
Westbury
$617,850
$551,437
12.0%
389
273
55
69
Williston Park
$754,275
$658,695
14.5%
69
55
48
63
Signature Premier Properties
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2021 was a year for the books! Our agents had an amazing year in real estate and we saw some of our highest numbers.
$3.7B UNDER CONTRACT VOLUME
$3.7B CLOSED SALES VOLUME
2 TOP
REAL ESTATE COMPANY ON LONG ISLAND
6,045
CLOSED SALES
OF CLOSED SALES WERE IN-HOUSE SALES
19
OFFICES ACROSS LONG ISLAND
6,039
UNDER CONTRACT
LISTINGS TAKEN
46
AVERAGE DAYS ON MARKET FOR CLOSED LISTINGS
1,400 SIGNATURE AGENTS
Information obtained from OneKey MLS, top 10 real estate companies for closed, residential, condo, land, & commercial listings in all counties 1/1/2021 - 12/31/2021 Signature Premier Properties
877.273.3750 | signaturepremier.com
13
OYSTER BAY TOWNSHIP MARKET REPORT 2021 Annual Report • January 1st - December 31st
%
14
Town
Average Sales Price 2021
Average Sales Price 2020
YoY Change
No. Homes Sold 2021
No. Homes Sold 2020
No. Days on Market 2021
No. Days on Market 2020
Bayville
$776,352
$687,315
13.0%
82
71
83
153
Bethpage
$606,130
$542,911
11.6%
249
203
45
68
Brookville
$2,358,242
$1,893,908
24.5%
33
20
165
179
Centre Island
$4,640,000
$2,637,182
75.9%
5
11
235
253
Cove Neck
$2,300,000
$2,356,800
-2.4%
2
5
339
151
East Norwich
$760,550
$692,292
9.9%
40
32
50
82
Farmingdale
$582,736
$506,546
15.0%
300
236
46
63
Glen Cove
$780,627
$626,321
24.6%
234
191
67
96
Glen Head
$898,467
$819,214
9.7%
84
82
59
93
Glenwood Landing $778,417
$710,036
9.6%
12
14
35
109
Greenvale
$775,412
$690,352
12.3%
17
6
46
73
Hicksville
$623,015
$558,322
11.6%
441
33
50
68
Jericho
$1,069,411
$938,215
14.0%
165
99
67
102
Lattingtown
$1,981,464
$1,426,684
38.9%
14
19
127
182
Laurel Hollow
$1,860,763
$1,782,281
4.4%
38
30
90
109
Locust Valley
$1,220,592
$1,127,213
8.3%
65
66
77
117
Massapequa
$643,338
$556,874
15.5%
616
500
45
69
Signature Premier Properties
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OYSTER BAY TOWNSHIP MARKET REPORT 2021 Annual Report • January 1st - December 31st
% Town
Average Sales Price 2021
Average Sales Price 2020
YoY Change
No. Homes Sold 2021
No. Homes Sold 2020
No. Days on Market 2021
No. Days on Market 2020
Massapequa Park
$653,681
$572,537
14.2%
252
202
47
54
Muttontown
$2,016,153
$1,756,798
14.8%
50
45
126
196
North Massapequa $613,605
$516,106
18.9%
11
11
67
94
Old Bethpage
$810,634
$665,689
21.8%
65
53
53
77
Old Brookville
$2,322,561
$2,410,333
-3.6%
38
24
132
148
Old Westbury
$2,785,896
$2,238,724
24.4%
48
42
168
210
Oyster Bay
$821,497
$735,959
11.6%
61
53
73
114
Oyster Bay Cove
$2,285,167
$1,348,093
69.5%
33
27
142
113
Plainview
$749,333
$687,870
8.9%
395
298
47
72
Sea Cliff
$1,000,177
$843,010
18.6%
87
70
96
95
Seaford
$600,836
$537,970
11.7%
229
220
42
68
Syosset
$939,831
$849,349
10.7%
329
269
59
89
Upper Brookville
$2,109,439
$1,712,744
23.2%
36
16
117
231
Westbury
$617,850
$551,437
12.0%
389
273
55
69
Woodbury
$1,367,842
$1,115,820
22.6%
88
64
73
98
Signature Premier Properties
877.273.3750 | signaturepremier.com
15
SMITHTOWN TOWNSHIP MARKET REPORT 2021 Annual Report • January 1st - December 31st
%
16
Town
Average Sales Price 2021
Average Sales Price 2020
YoY Change
No. Homes Sold 2021
No. Homes Sold 2020
No. Days on Market 2019
No. Days on Market 2021
Commack
$664,641
$557,520
19.2%
363
287
39
50
Hauppauge
$647,216
$559,034
15.8%
169
138
49
57
Head of the Harbor $1,032,500
$1,079,900
-4.4%
14
20
132
147
Kings Park
$564,742
$512,013
10.3%
187
164
34
59
Lake Ronkonkoma $458,302
$391,582
17.0%
81
43
31
61
Nesconset
$609,900
$521,429
17.0%
147
140
38
65
Nissequogue
$1,243,708
$1,176,315
5.7%
24
27
92
161
Smithtown
$649,774
$559,459
16.1%
413
357
44
69
St James
$676,881
$605,283
11.8%
174
163
53
83
Signature Premier Properties
877.273.3750 | signaturepremier.com
best real estate agency on long island,
signature premier properties
What Is The Best Real Estate Agency On Long Island? BY LONG ISLAND PRESS
, ,
Whether searching for a more spacious family home or downsizing for retirement, working with the right real estate agency is essential when making one of the biggest transactions of your life, but which realty is best? Long Islanders voted Signature Premier Properties the Best Real Estate Agency on Long Island in the 2021 Bethpage Best of Long Island contest for the fifth year in a row. With multiple locations across Long Island, Signature Premier Properties is the go-to real estate agency to find homes for sale and expert real estate agents across Long Island. Co-owners’ Peter Morris and Kathy Viard share a visionary strategy focused on clients, community and carefully targeted expansion that has propelled Signature into Long Island’s fastest-growing real estate firm. Their agents are responsive and informed and have a demonstrated affection for and knowledge of the Long Island community. If you are about to make one of the biggest purchases of your life, Signature Premier Properties is a real estate agency that will walk you through the entire home-buying process from start to finish.
Signature Premier Properties
877.273.3750 | signaturepremier.com
17
18
AMITY HARBOR 90 Montauk Highway Amity Harbor, NY 11701 Office: 631.842.8400
HUNTINGTON 157 East Main Street Huntington, NY 11743 Office: 631.673.3700
SAYVILLE 95 Main Street Sayville, NY 11782 Office: 631.567.0100
BABYLON 126 W Main Street Babylon, NY 11702 Office: 631.422.3100
MEDFORD 3080 Route 112 Medford NY 11763 Office: 631.512.4520
SMITHTOWN 7 West Main Street Smithtown, NY 11787 Office: 631.360.2800
COLD SPRING HARBOR 157 Main Street Cold Spring Harbor, NY 11724 Office: 631.692.4800
MERRICK 324 Merrick Avenue Merrick, NY 11566 Office: 516.546.6300
SYOSSET 33 Jackson Avenue Syosset, NY 11791 Office: 516.921.1400
DIX HILLS 15 East Deer Park Road Dix Hills, NY 11746 Office: 631.673.3900
MILLER PLACE 275 Route 25A Miller Place, NY 11764 Office: 631.642.2300
WANTAGH 1867 Wantagh Avenue Wantagh, NY 11793
EAST NORTHPORT 190 Laurel Road East Northport, NY 11731 Office: 631.368.6800
NORTHPORT 180 Main Street Northport, NY 11768 Office: 631.754.3600
EAST SETAUKET 750 Route 25A East Setauket, NY 11733 Office: 631.751.2111
ROCKVILLE CENTRE 75 Seaman Avenue Rockville Centre, NY 11570 Office: 516.766.7900
GARDEN CITY 730 Franklin Avenue Garden City, NY 11530 Office: 516.741.4333
RONKONKOMA 4949 Express Drive N Suite 104 Ronkonkoma, NY 11779 Office: 631.585.8400
Signature Premier Properties
WOODBURY 7952 Jericho Turnpike Woodbury, NY 11797 Office: 516.496.0300
MAIN: 877.273.3750
877.273.3750 | signaturepremier.com