Page 1

2019 Third Quarter Report

MARKET REPORT July 1st through September 30th


21 Offices Located Throughout Long Island

HUNTINGTON

COMMACK

NORTHPORT

LOCUST VALLEY

SMITHTOWN WOODBURY

EAST NORTHPORT

MILLER

SYOSSET HICKSVILLE

COLD SPRING HARBOR

GARDEN CITY

DIX HILLS BABYLON ROCKVILLE CENTRE FLORAL PARK MERRICK

AMITY HARBOR

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


Year-to-Date

A HEALTHY REAL ESTATE MARKET So long summer, hello FALL! Everyone loves the change of seasons, and what better time to make a move than the next few months. If you are considering selling, the fall is an excellent time to list your home. Buyers are out in full force now that summer is over, and with prices still increasing and the demand strong, there may not be a better time to move. Generally, there are fewer homes to compete with during the fall season, serious buyers are still looking, and homes look beautiful during the holiday season. The fall season is full of color and activities on Long Island – from the pumpkin patches, corn mazes, and apple orchards, to the local fairs and hometown football and soccer games. We hope you are enjoying this time with your family and friends and taking advantage of all the beauty that Long Island has to offer. The real estate market on Long Island is healthy. The Multiple Listing Service of Long Island reports the median sale price for residential homes sold in Suffolk County is up 2.5% while Nassau County saw prices increase 1% year-over-year. Pending home sale activity also continued to rise with Suffolk posting a jump of 4% from the previous year, while Nassau saw an increase of 2.6%. As we follow the trends in Long Island real estate, we must make a note of the strength of the entry-level and trade-up markets, as bidding wars and stiff competition continues. The luxury market is not as competitive, but homes continue to sell. One fact remains, if you price your home correctly, the market will react positively... The latest edition of the Signature Premier Properties Market Report is the first nine months of the year comparison of residential sales activity for 2018 and 2019 in Nassau and Suffolk counties. Included in this report is the number of residential homes sold with sales prices and days on the market for over 170 towns on Long Island. Whether you are considering selling your home or looking to purchase the home of your dreams, we hope you find this information useful. Your Signature Premier Properties Real Estate Professional understands market trends and can guide you during every step of your journey. With 22 offices and over 1,200 agents, 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 Third Quarter Report • July 1st - September 30th

% 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

$368,235

$373,302

1.4%

17

15

87

88

Amityville

$361,366

$388,877

7.6%

141

119

67

58

Babylon

$542,381

$501,601

-7.5%

92

113

80

66

Copiague

$347,686

$363,514

4.6%

118

122

75

67

Deer Park

$381,049

$403,227

5.8%

196

177

53

57

Lindenhurst

$357,569

$385,230

7.7%

324

321

67

66

North Babylon

$363,446

$396,625

9.1%

120

127

65

51

West Babylon

$360,033

$390,731

8.5%

216

243

54

56

Wheatley Heights

$395,964

$400,923

1.3%

35

35

54

66

Wyandanch

$207,612

$265,095

27.7%

64

77

51

63

Signature Premier Properties

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5


BROOKHAVEN TOWNSHIP MARKET REPORT 2019 Third Quarter Report • July 1st - September 30th

%

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

$1,031,975

$1,114,250

8.0%

10

8

151

171

Bellport

$232,549

$260,288

11.9%

69

45

62

78

Blue Point

$471,353

$503,045

6.7%

41

22

71

101

Brookhaven

$373,521

$419,247

12.2%

29

20

124

84

Center Moriches

$387,773

$465,636

20.1%

87

80

122

101

Centereach

$331,379

$356,783

7.7%

175

186

59

67

Coram

$318,160

$329,954

3.7%

178

174

82

76

East Moriches

$437,527

$462,683

5.7%

43

44

110

112

East Setauket

$420,050

$451,528

7.5%

53

64

78

74

Farmingville

$334,364

$348,131

4.1%

120

108

59

67

Holbrook

$395,837

$407,111

2.8%

148

154

52

54

Holtsville

$396,824

$421,747

6.3%

60

84

56

49

Lake Grove

$402,817

$444,431

10.3%

99

82

77

60

Lake Ronkonkoma $337,614

$358,765

6.3%

100

73

51

48

Manorville

$477,344

$444,153

-7.0%

80

97

98

94

Mastic

$215,661

$232,512

7.8%

152

162

69

66

Medford

$319,878

$338,144

5.7%

212

265

76

76

Signature Premier Properties

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BROOKHAVEN TOWNSHIP MARKET REPORT 2019 Third Quarter Report • July 1st - September 30th

% 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

$288,586

$308,016

6.7%

69

61

75

81

Miller Place

$445,205

$452,412

1.6%

103

114

79

105

Moriches

$378,361

$369,031

-2.5%

18

19

126

82

Mt Sinai

$504,959

$521,345

3.2%

94

92

86

75

Patchogue

$311,466

$345,282

10.9%

217

206

56

61

Port Jefferson

$459,150

$532,835

16.0%

61

62

118

90

Pt Jefferson Station $351,165

$370,727

5.6%

161

195

62

72

Ridge

$314,179

$329,026

4.7%

83

82

98

74

Rocky Point

$285,031

$298,711

4.8%

151

159

71

76

Selden

$315,809

$328,682

4.1%

219

222

62

65

Setauket

$657,656

$644,202

-2.0%

117

111

86

102

Shirley

$234,738

$265,093

12.9%

297

278

81

66

Shoreham

$440,959

$466,099

5.7%

57

64

113

92

Sound Beach

$275,668

$282,935

2.6%

94

92

66

63

Stony Brook

$482,233

$490,131

1.6%

110

123

78

71

Yaphank

$295,343

$313,291

6.1%

42

43

64

58

Signature Premier Properties

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7


HEMPSTEAD TOWNSHIP MARKET REPORT 2019 Third Quarter Report • July 1st - September 30th

%

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

$1,126,402

$911,184

-19.1%

17

19

173

61

Baldwin

$446,222

$457,191

2.5%

182

187

76

72

Baldwin Harbor

$539,450

$440,286

-18.4%

12

7

117

119

Bellerose

$657,781

$639,348

-2.8%

80

58

64

82

Bellmore

$559,516

$556,818

-0.5%

138

117

89

78

Cedarhurst

$735,903

$804,800

9.4%

31

25

58

93

East Meadow

$522,110

$565,314

8.3%

235

210

56

62

East Rockaway

$459,320

$502,762

9.5%

66

80

95

82

Elmont

$426,602

$469,351

10.0%

187

217

73

70

Floral Park

$644,469

$636,261

-1.3%

161

168

73

62

Franklin Square

$541,679

$560,284

3.4%

126

150

61

61

Freeport

$371,667

$393,086

5.8%

245

236

86

81

Garden City

$1,005,527

$1,027,067

2.1%

180

156

55

67

Garden City South $631,559

$650,952

3.1%

17

21

59

58

Hewlett

$597,786

$657,906

10.1%

42

43

95

71

Hewlett Harbor

$989,500

$1,114,912

12.7%

8

17

93

67

Signature Premier Properties

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HEMPSTEAD TOWNSHIP MARKET REPORT 2019 Third Quarter Report • July 1st - September 30th

% 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

$1,216,667

$1,150,000

-5.5%

6

2

177

180

Inwood

$450,429

$431,906

-4.1%

24

16

92

94

Island Park

$412,820

$467,640

13.3%

59

50

73

87

Lawrence

$1,052,086

$1,270,091

20.7%

22

22

61

96

Levittown

$442,937

$457,042

3.2%

305

349

53

52

Lido Beach

$959,396

$929,289

-3.1%

24

19

158

106

Long Beach

$649,070

$622,530

-4.1%

158

148

96

94

Lynbrook

$514,477

$526,844

2.4%

135

120

50

66

Malverne

$536,660

$538,924

0.4%

72

74

62

80

Merrick

$624,587

$610,253

-2.3%

207

244

76

59

Mineola

$598,819

$586,958

-2.0%

70

64

49

53

New Hyde Park

$695,157

$682,354

-1.8%

200

195

57

75

North Baldwin

$363,446

$449,767

23.8%

120

58

65

73

North Bellmore

$536,326

$528,388

-1.5%

115

113

55

66

North Merrick

$518,948

$557,291

7.4%

57

44

60

82

Oceanside

$525,090

$532,115

1.3%

189

223

72

75

Pt Lookout

$956,729

$938,889

-1.9%

14

9

153

102

Rockville Centre

$734,373

$748,802

2.0%

175

144

76

79

Roosevelt

$346,577

$391,453

12.9%

107

108

68

59

S. Hempstead

$471,650

$380,275

-19.4%

20

12

40

112

Stewart Manor

$625,850

$636,380

1.7%

10

15

46

42

Uniondale

$369,992

$399,144

7.9%

107

75

71

55

Valley Stream

$484,733

$497,544

2.6%

337

324

64

70

Wantagh

$535,022

$555,221

3.8%

220

229

56

60

West Hempstead

$498,693

$513,718

3.0%

148

156

63

74

Woodmere

$829,982

$886,819

6.8%

64

65

71

78

Signature Premier Properties

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9


HUNTINGTON TOWNSHIP MARKET REPORT 2019 Third Quarter Report • July 1st - September 30th

%

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

$658,909

$711,872

8.0%

73

72

63

78

Cold Spring Harbor $1,561,093

$1,394,711

-10.7%

43

36

120

92

Commack

$523,668

$526,448

0.5%

203

261

55

66

Dix Hills

$745,391

$775,452

4.0%

205

266

78

86

East Northport

$517,449

$520,733

0.6%

225

213

54

58

Ft Salonga

$815,265

$726,964

-10.8%

17

14

78

128

Greenlawn

$600,129

$649,576

8.2%

77

92

60

88

Huntington

$627,845

$630,236

0.4%

334

305

75

72

Huntington Bay

$1,073,082

$1,277,167

19.0%

17

21

113

101

Huntington Station $378,592

$406,561

7.4%

230

205

55

61

Lloyd Harbor

$1,889,484

$1,645,386

-12.9%

19

33

99

132

Lloyd Neck

$1,138,781

$1,222,733

7.4%

16

15

106

158

Melville

$733,134

$782,484

6.7%

113

104

84

82

Northport

$712,118

$751,713

5.6%

165

171

78

87

South Huntington

$487,408

$541,839

11.2%

55

43

92

73

Signature Premier Properties

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ISLIP TOWNSHIP MARKET REPORT 2019 Third Quarter Report • July 1st - September 30th

% 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

$348,916

$373,627

7.1%

379

390

86

74

Bayport

$528,711

$497,174

-6.0%

38

51

66

78

Bohemia

$406,746

$396,268

-2.6%

58

65

73

75

Brentwood

$310,984

$340,147

9.4%

271

255

80

60

Brightwaters

$568,420

$546,000

-3.9%

25

26

61

66

Central Islip

$277,959

$313,195

12.7%

218

214

81

86

East Islip

$461,690

$545,105

18.1%

87

109

81

82

Great River

$561,650

$766,833

36.5%

10

6

61

37

Holbrook

$395,837

$407,111

2.8%

148

154

52

54

Holtsville

$396,824

$421,747

6.3%

60

84

56

49

Islandia

$305,786

$328,480

7.4%

14

25

57

69

Islip

$424,847

$432,024

1.7%

91

90

81

53

Islip Terrace

$364,478

$391,599

7.4%

70

71

62

53

Lake Ronkonkoma $337,614

$358,765

6.3%

100

73

51

48

Oakdale

$443,174

$484,764

9.4%

76

58

84

63

Ronkokoma

$349,163

$374,480

7.3%

197

210

59

57

Sayville

$476,262

$474,605

-0.3%

102

91

69

63

West Islip

$484,865

$499,211

3.0%

170

175

55

60

Signature Premier Properties

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11


NORTH HEMPSTEAD TOWNSHIP MARKET REPORT 2019 Third Quarter Report • July 1st - September 30th

%

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

$759,016

$793,424

4.5%

44

37

64

76

Carle Place

$508,763

$562,958

10.7%

19

26

50

71

East Hills

$1,310,735

$1,195,492

-8.8%

69

59

87

83

East Williston

$937,875

$991,313

5.7%

16

16

91

61

Floral Park

$634,159

$644,609

1.6%

165

160

62

74

Great Neck

$1,441,384

$1,375,701

-4.6%

226

208

96

97

Manhasset

$1,818,760

$1,813,560

-0.3%

138

140

88

103

Manhasset Hills

$976,352

$907,604

-7.0%

25

24

47

66

Port Washington

$938,524

$985,338

5.0%

170

177

69

84

Roslyn

$1,017,017

$1,104,287

8.6%

48

38

222

92

Roslyn Estates

$1,466,000

$1,281,917

-12.6%

10

12

48

142

Roslyn Harbor

$1,392,429

$1,704,500

22.4%

7

10

115

133

Rosyn Heights

$1,098,534

$1,070,158

-2.6%

58

54

93

85

Sands Point

$2,191,663

$2,552,806

16.5%

20

16

131

167

Searingtown

$1,261,450

$1,039,000

-17.6%

10

13

82

94

Westbury

$492,422

$488,249

-0.8%

223

233

70

74

Williston Park

$629,660

$630,817

0.2%

39

51

49

52

Signature Premier Properties

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AN ABUNDANCE OF GROWTH In a year-to-date business comparison of the top real estate companies on Long Island, Signature is proud to come out on top. Take a look at the numbers below: % Change in Under Contract 2018 vs 2019

% Change in Closed 2018 vs 2019

Company

Units

Volume

Units

Volume

Signature Premier Properties

27%

29%

27%

26%

Realty Connect

9%

13%

4%

10%

Daniel Gale

-3%

-11%

-1%

-2%

Coldwell Banker

6%

7%

-3%

1%

Coach

0%

4%

-3%

1%

Douglas Elliman

0%

4%

-4%

-1%

*Information gathered from MLS for residential, co-op/condo, land, and commercial listings in Nassau, Suffolk, Brooklyn, and Queens from 1/1/2018-9/30/2018 vs 1/1/2019-9/30/2019.

Signature Premier Properties Signature Premier Properties

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13


OYSTER BAY TOWNSHIP MARKET REPORT 2019 Third Quarter Report • July 1st - September 30th

%

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

$601,017

$609,343

1.4%

46

54

85

143

Bethpage

$487,477

$503,940

3.4%

137

136

57

57

Brookville

$2,138,556

$1,966,976

-8.0%

18

21

219

170

Centre Island

$2,064,167

$1,621,667

-21.4%

6

3

199

129

Cove Neck

$1,333,333

$1,040,000

N/A

3

2

150

265

East Norwich

$639,914

$666,550

4.2%

29

30

77

76

Farmingdale

$454,028

$465,334

2.5%

187

192

60

51

Glen Cove

$615,144

$615,272

0.0%

137

125

104

94

Glen Head

$773,011

$801,073

3.6%

56

45

77

88

Glenwood Landing $575,125

$560,250

-2.6%

8

8

129

57

Greenvale

$645,400

$1,045,600

62.0%

5

5

117

79

Hicksville

$496,815

$522,790

5.2%

244

266

48

56

Jericho

$988,987

$953,447

-3.6%

94

121

82

76

Lattingtown

$1,449,455

$1,367,625

-5.6%

11

16

81

174

Laurel Hollow

$1,414,306

$1,328,667

-6.1%

18

12

118

144

Locust Valley

$740,576

$819,363

10.6%

45

40

86

89

Massapequa

$544,733

$560,842

3.0%

310

349

69

72

Signature Premier Properties

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OYSTER BAY TOWNSHIP MARKET REPORT 2019 Third Quarter Report • July 1st - September 30th

% 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

$536,531

$567,758

5.8%

144

148

61

64

Muttontown

$1,884,339

$1,391,079

-26.2%

28

19

128

129

North Massapequa $480,961

$503,100

4.6%

44

46

68

64

Old Bethpage

$685,697

$655,248

-4.4%

29

32

77

34

Old Brookville

$2,427,229

$1,931,667

-20.4%

17

12

136

101

Old Westbury

$2,171,125

$1,716,496

-20.9%

25

26

195

163

Oyster Bay

$644,138

$686,122

6.5%

34

45

94

83

Oyster Bay Cove

$1,765,775

$2,172,381

23.0%

24

21

124

161

Plainview

$629,359

$658,115

4.6%

251

250

61

61

Sea Cliff

$726,545

$825,491

13.6%

33

41

66

74

Seaford

$502,490

$495,235

-1.4%

147

159

55

64

Syosset

$840,339

$859,517

2.3%

192

186

58

82

Upper Brookville

$2,491,429

$1,774,733

-28.8%

14

15

247

157

Westbury

$492,222

$488,249

-0.8%

233

233

70

74

Woodbury

$1,113,356

$1,154,933

3.7%

45

56

137

102

Signature Premier Properties

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15


SMITHTOWN TOWNSHIP MARKET REPORT 2019 Third Quarter Report • July 1st - September 30th

%

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

$523,668

$526,448

0.5%

203

261

55

66

Hauppauge

$505,604

$505,954

0.1%

81

92

75

68

Head of the Harbor $1,426,778

$932,500

-34.6%

9

9

105

97

Kings Park

$483,219

3.2%

123

128

50

55

Lake Ronkonkoma $337,614

$358,765

6.3%

100

73

51

48

Nesconset

$479,012

$452,689

-5.5%

81

99

59

80

Nissequogue

$944,346

$1,436,538

52.1%

13

13

120

120

Smithtown

$515,678

$534,785

3.7%

242

249

73

78

St James

$562,369

$542,265

-3.6%

93

76

107

84

$468,073

Signature Premier Properties

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Historical

MEDIAN SALES PRICES BY COUNTY

Queens

$628,750

70% INCREASE OVER 6 YEARS! $570,000 $517,500 $460,000 $420,000

$370,000

2013

$388,000

2014

2015

2016

2017

2018

2019*

Nassau

34% INCREASE OVER 6 YEARS!

$555,000 $520,000 $490,000

$415,000

2013

$425,000

$437,500

2014

$460,000

2015

Suffolk

2016

2018

2017

2019*

30% INCREASE OVER 6 YEARS! $415,000 $375,000 $350,000 $335,000 $330,000

$320,000

$319,300

2013

2014

2015

2016

2017

2018

2019*

*Information obtained from MLSLI, closed, residential listings from 1/1/2013 - 09/31/2019.

Signature Premier Properties

Signature Premier Properties

877.273.3750 | signaturepremier.com

877.273.3750 | signaturepremier.com

17


AMITY HARBOR

HICKSVILLE

ROCKVILLE CENTRE

90 Montauk Highway Amity Harbor, NY 11701 Office: 631.842.8400

111 Levittown Parkway Hicksville, NY 11801 Office: 516.935.0700

75 Seaman Avenue Rockville Centre NY, 11570 Office: 516.766.7900

BABYLON

HUNTINGTON

SAYVILLE

126 W Main Street Babylon, NY 11702 Office: 631.422.3100

157 East Main Street Huntington, NY 11743 Office: 631.673.3700

95 Main Street Sayville, NY 11782 Office: 631.567.0100

COLD SPRING HARBOR

LOCUST VALLEY

SMITHTOWN

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

41 The Plaza Locust Valley, NY 11560 Office: 516.759.4400

7 West Main Street Smithtown, NY 11787 Office: 631.360.2800

COMMACK

MASSAPEQUA PARK

SYOSSET

21 Vanderbilt Motor Pkwy Commack, NY 11725 Office: 631.499.6400

4863 Merrick Road Massapequa NY, 11762 Office: 516.799.7100

33 Jackson Avenue Syosset, NY 11791 Office: 516.921.1400

DIX HILLS

MEDFORD

WANTAGH

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

3080 Route 112 Medford NY 11763 Office: 631.512.4520

1867 Wantagh Avenue Wantagh, NY 11793 Office: 516.785.0100

EAST NORTHPORT

MERRICK

WOODBURY

190 Laurel Road East Northport, NY 11731 Office: 631.368.6800

324 Merrick Avenue Merrick, NY 11566 Office: 516.546.6300

7952 Jericho Turnpike Woodbury, NY 11797 Office: 516.496.0300

FLORAL PARK

MILLER PLACE

142 Plainfield Avenue Floral Park, NY 11001 Office: 516.492.3210

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

GARDEN CITY 730 Franklin Avenue Garden City, NY 11530 Office: 516.741.4333 18

Signature Premier Properties

NORTHPORT 180 Main Street Northport, NY 11768 Office: 631.754.3600

MAIN: 877.273.3750

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Profile for Signature Premier Properties

2019 Third Quarter Market Report  

So long summer, hello FALL! Everyone loves the change of seasons, and what better time to make a move than the next few months. If you are c...

2019 Third Quarter Market Report  

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