2020 Q1 Market Report

2020 First Quarter Analysis

MARKET REPORT January 1st through March 31st

22 Offices Located Throughout Long Island

HUNTINGTON

COMMACK MILLER PLACE

NORTHPORT

LOCUST VALLEY

SMITHTOWN WOODBURY

EAST NORTHPORT

RONKONKOMA

SYOSSET HICKSVILLE

COLD SPRING HARBOR

GARDEN CITY

DIX HILLS BABYLON ROCKVILLE CENTRE FLORAL PARK MERRICK

WANTAGH

AMITY HARBOR MASSAPEQUA PARK

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

THINKING OF MAKING A MOVE? NOW IS THE TIME!

CALL 877.273.3750

*COMING SOON

A New Approach

THROUGH UNPRECEDENTED TIMES Spring has sprung: flowers are blooming, days are longer, the temperature is rising, and we’re all stuck inside. Right now, we are living through an unprecedented time.

Spring is typically a time where we see the market start to take off as buyers and sellers are looking to make a change; however, this spring season is unlike any other we’ve ever experienced.

Through February of 2020, closed sales were up 8% in Nassau County and 14% in Suffolk county when compared with the same period of time in 2019. The median sale price in Nassau was $529,000, a 5% increase from last February, while the median sale price in Suffolk was $405,000, which is an increase of almost 7%.

2020 kicked off to a great start: with low-interest rates, a soaring economy, record unemployment, and the Spring real estate market about to hit, we were on track to have another amazing year. COVID-19 changed everything.

This global pandemic has instigated an extreme societal response, including the indefinite closure of schools and businesses, stay-at-home orders, and lockdowns.

Real estate is no exception- due to the coronavirus, real estate companies have shut their doors, and agents have had to make some drastic changes. The industry as a whole has shifted. Our vocabulary includes new terms like “flatten the curve,” “nonessential,” and “social distancing.” We’ve had to adapt to the changing times: going from person to person transactions to a near-complete virtual experience. Showings are being done through Facetime, and closings are happening in parking lots. We’re taking this time to fine-tune our technology skills and educate ourselves to continue to be the best agents in the industry.

Throughout all of this uncertainty, one thing is for sure: our sense of community is strong. We will come back from this stronger and more compassionate. The silver lining in all of this is extra quality time spent with your loved ones. Stay healthy, stay happy, and stay home.

This too, shall pass.

4

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BABYLON TOWNSHIP MARKET REPORT 2020 First Quarter Analysis • January 1st - March 31st

% Town

Average Sales Price 2019

Average Sales Price 2020

Year Over Year Change

No. Homes Sold 2019

No. Homes Sold 2020

No. Days on Market 2019

No. Days on Market 2020

Amity Harbor

$339,941

$489,000

43.8%

8

1

120

42

Amityville

$341,368

$341,545

0.1%

30

40

51

68

Babylon

$470,107

$521,786

11.0%

26

28

113

95

Copiague

$351,287

$382,031

8.8%

35

44

83

59

Deer Park

$374,807

$421,331

12.4%

53

54

65

58

Lindenhurst

$370,265

$400,900

8.3%

98

81

77

59

North Babylon

$389,611

$400,213

2.7%

36

41

54

54

West Babylon

$395,671

$400,719

1.3%

58

66

50

60

Wheatley Heights

$425,500

$389,600

-8.4%

9

5

53

78

Wyandanch

$255,775

$329,835

29.0%

27

17

81

57

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5

BROOKHAVEN TOWNSHIP MARKET REPORT 2020 First Quarter Analysis • January 1st - March 31st

%

6

Town

Average Sales Price 2019

Average Sales Price 2020

Year Over Year Change

No. Homes Sold 2019

No. Homes Sold 2020

No. Days on Market 2019

No. Days on Market 2020

Belle Terre

$695,000

$737,500

6.1%

2

2

182

84

Bellport

$240,085

$272,613

13.5%

15

16

72

46

Blue Point

$434,571

$446,100

2.7%

7

5

103

88

Brookhaven

$465,347

$419,450

-9.9%

7

10

83

152

Center Moriches

$510,319

$454,809

-10.9%

16

21

108

83

Centereach

$339,626

$402,083

18.4%

39

48

72

73

Coram

$328,295

$334,364

1.8%

55

46

83

84

East Moriches

$437,232

$489,489

12.0%

12

9

131

176

East Setauket

$418,449

$454,558

8.6%

14

19

87

83

Farmingville

$342,556

$365,481

6.7%

34

37

73

97

Holbrook

$355,415

$421,445

18.6%

42

47

77

59

Holtsville

$381,417

$423,736

11.1%

18

22

58

74

Lake Grove

$393,281

$465,256

18.3%

22

28

83

77

Lake Ronkonkoma $376,076

$386,700

2.8%

25

10

57

91

Manorville

$444,511

$454,970

2.4%

28

29

87

98

Mastic

$220,753

$268,921

21.8%

46

59

74

58

Medford

$317,961

$358,243

12.7%

76

91

87

85

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BROOKHAVEN TOWNSHIP MARKET REPORT 2020 First Quarter Analysis • January 1st - March 31st

% Town

Average Sales Price 2019

Average Sales Price 2020

Year Over Year Change

No. Homes Sold 2019

No. Homes Sold 2020

No. Days on Market 2019

No. Days on Market 2020

Middle Island

$290,494

$321,541

10.7%

17

18

95

75

Miller Place

$404,874

$430,736

6.4%

25

25

135

145

Moriches

$389,250

$404,438

3.9%

4

8

54

95

Mt Sinai

$522,063

$463,252

-11.3%

24

27

76

87

Patchogue

$307,043

$351,349

14.4%

63

53

66

71

Port Jefferson

$520,805

$517,265

-0.7%

21

17

132

86

Pt Jefferson Station $334,939

$381,561

13.9%

41

44

78

95

Ridge

$333,852

$318,015

-4.7%

21

25

95

88

Rocky Point

$293,606

$323,160

10.1%

43

38

91

59

Selden

$328,164

$347,912

6.0%

60

61

67

66

Setauket

$649,262

$593,368

-8.6%

26

19

97

101

South Setauket

$420,389

$424,571

1.0%

9

14

128

78

Shirley

$241,163

$277,823

15.2%

73

84

77

89

Shoreham

$484,550

$448,167

-7.5%

12

18

89

72

Sound Beach

$264,142

$304,427

15.3%

22

22

72

92

Stony Brook

$476,163

$520,597

9.3%

34

32

75

72

Yaphank

$327,850

$364,600

11.2%

14

5

68

82

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7

HEMPSTEAD TOWNSHIP MARKET REPORT 2020 First Quarter Analysis • January 1st - March 31st

%

8

Town

Average Sales Price 2019

Average Sales Price 2020

Year Over Year Change

No. Homes Sold 2019

No. Homes Sold 2020

No. Days on Market 2019

No. Days on Market 2020

Atlantic Beach

$1,281,000

$750,417

-41.4%

5

6

72

128

Baldwin

$466,816

$477,890

2.4%

47

50

85

70

Baldwin Harbor

$545,000

$950,000

74.3%

1

2

21

76

Bellerose

$670,077

$668,310

-0.3%

13

19

79

74

Bellmore

$524,615

$564,111

7.5%

34

27

64

85

Cedarhurst

$792,700

$755,143

-4.7%

10

14

59

62

East Meadow

$565,093

$554,752

-1.8%

50

73

62

71

East Rockaway

$489,160

$522,935

6.9%

25

23

104

69

Elmont

$464,579

$503,076

8.3%

56

52

71

63

Floral Park

$559,729

$584,167

4.4%

40

33

73

110

Franklin Square

$631,179

$649,261

2.9%

53

44

89

89

Freeport

$387,593

$405,026

4.5%

72

72

82

73

Garden City

$1,012,372

$1,047,176

3.4%

37

37

83

88

Garden City South $695,500

$586,667

-15.6%

5

6

90

89

Hewlett

$672,897

$614,429

-8.7%

13

14

65

123

Hewlett Harbor

$960,000

$1,144,250

19.2%

3

4

109

196

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HEMPSTEAD TOWNSHIP MARKET REPORT 2020 First Quarter Analysis • January 1st - March 31st

% Town

Average Sales Price 2019

Average Sales Price 2020

Year Over Year Change

No. Homes Sold 2019

No. Homes Sold 2020

No. Days on Market 2019

No. Days on Market 2020

Hewlett Neck

$1,400,000

$2,325,000

66.1%

1

1

276

33

Inwood

$301,250

$463,333

53.8%

4

6

60

45

Island Park

$415,825

$498,567

19.9%

10

15

77

94

Lawrence

$935,714

$1,613,286

72.4%

7

7

91

154

Levittown

$439,821

$470,184

6.9%

89

89

55

71

Lido Beach

$987,500

$682,295

-30.9%

2

4

118

97

Long Beach

$628,631

$604,867

-3.8%

48

43

90

108

Lynbrook

$524,707

$551,757

5.2%

41

44

73

90

Malverne

$501,037

$535,737

6.9%

27

19

81

90

Merrick

$601,552

$604,778

0.5%

59

59

72

97

Mineola

$572,533

$574,870

0.4%

15

27

53

85

New Hyde Park

$675,100

$725,174

7.4%

65

66

89

83

North Baldwin

$440,985

$417,295

-5.4%

17

20

75

59

North Bellmore

$520,770

$535,538

2.8%

37

26

84

89

North Merrick

$574,610

$610,875

6.3%

12

4

81

56

Oceanside

$488,908

$552,460

13.0%

52

77

93

95

Pt Lookout

$815,000

$773,333

-5.1%

3

3

71

49

Rockville Centre

$805,219

$762,000

-5.4%

32

34

78

90

Roosevelt

$375,549

$399,995

6.5%

37

38

59

63

S. Hempstead

$355,800

$510,833

43.6%

5

6

127

74

Stewart Manor

$616,500

$547,000

-11.3%

5

1

52

63

Uniondale

$367,437

$410,969

11.8%

18

24

81

73

Valley Stream

$497,017

$521,614

4.9%

90

84

77

64

Wantagh

$554,861

$584,692

5.4%

59

63

56

70

West Hempstead

$517,651

$520,953

0.6%

43

43

76

71

Woodmere

$778,216

$814,145

4.6%

22

13

79

74

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9

HUNTINGTON TOWNSHIP MARKET REPORT 2020 First Quarter Analysis • January 1st - March 31st

%

10

Town

Average Sales Price 2019

Average Sales Price 2020

Year Over Year Change

No. Homes Sold 2019

No. Homes Sold 2020

No. Days on Market 2019

No. Days on Market 2020

Centerport

$698,263

$579,900

-17.0%

19

15

109

92

Cold Spring Harbor $1,160,900

$1,275,000

9.8%

10

6

79

136

Commack

$499,765

$506,620

1.4%

49

53

78

63

Dix Hills

$725,254

$798,922

10.2%

58

55

104

89

East Northport

$489,059

$547,378

11.9%

49

54

81

70

Fort Salonga

$575,000

$889,667

54.7%

1

3

234

87

Greenlawn

$643,561

$555,270

-13.7%

17

18

114

52

Huntington

$628,047

$676,432

7.7%

92

88

74

80

Huntington Bay

$1,365,333

$1,047,250

-23.3%

6

4

93

69

Huntington Station $416,081

$412,749

-0.8%

60

58

75

56

Lloyd Harbor

$1,634,083

$1,399,900

-14.3%

12

10

194

138

Lloyd Neck

$1,422,500

$976,667

-31.3%

2

3

102

140

Melville

$722,866

$699,986

-3.2%

24

34

75

87

Northport

$737,453

$671,735

-8.9%

36

40

105

122

South Huntington

$553,259

$548,455

-0.9%

8

11

91

91

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ISLIP TOWNSHIP MARKET REPORT 2020 First Quarter Analysis • January 1st - March 31st

% Town

Avg. Sales Price 2019

Avg. Sales Price 2020

YoY Change

Homes Sold 2019

Homes Sold 2020

Days 0n Market 2019

Days 0n Market 2020

Bay Shore

$380,288

$411,086

8.1%

109

111

78

53

Bayport

$468,917

$524,469

11.8%

9

12

78

98

Bohemia

$333,406

$301,679

-9.5%

16

14

94

113

Brentwood

$333,039

$363,868

9.3%

71

57

60

55

Brightwaters

$482,800

$572,000

18.5%

5

6

84

72

Central Islip

$290,161

$336,884

16.1%

54

67

100

78

East Islip

$490,481

$482,838

-1.6%

27

30

116

74

Great River

-

$772,333

100.0%

0

3

0

74

Holbrook

$355,415

$421,445

18.6%

42

47

77

59

Holtsville

$381,417

$423,736

11.1%

18

22

58

74

Islandia

$319,333

$351,889

10.2%

3

9

46

68

Islip

$415,325

$471,793

13.6%

12

27

90

51

Islip Terrace

$393,081

$384,388

-2.2%

19

24

59

67

Lake Ronkonkoma $376,076

$386,700

2.8%

25

10

57

91

Oakdale

$476,824

$515,415

8.1%

17

13

75

58

Ronkokoma

$370,241

$378,672

2.3%

51

68

66

61

Sayville

$464,108

$471,572

1.6%

26

23

54

77

South Sayville

$543,000

$606,800

11.7%

3

5

57

89

West Islip

$468,538

$553,185

18.1%

44

47

89

68

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11

NORTH HEMPSTEAD TOWNSHIP MARKET REPORT 2020 First Quarter Analysis • January 1st - March 31st

%

12

Town

Average Sales Price 2019

Average Sales Price 2020

Year Over Year Change

No. Homes Sold 2019

No. Homes Sold 2020

No. Days on Market 2019

No. Days on Market 2020

Albertson

$859,000

$824,533

-4.0%

6

15

62

70

Carle Place

$628,188

$520,750

-17.1%

8

6

110

72

East Hills

$1,180,538

$989,583

-16.2%

13

12

98

143

East Williston

$798,500

$892,600

11.8%

4

5

31

92

Floral Park

$631,179

$649,261

2.9%

53

44

89

89

Great Neck

$1,503,759

$1,409,480

-6.3%

56

33

118

102

Manhasset

$1,896,088

$1,849,805

-2.4%

40

41

99

126

Manhasset Hills

$830,200

$883,400

6.4%

5

5

64

63

Port Washington

$945,991

$1,002,847

6.0%

46

47

106

86

Roslyn

$1,113,538

$1,112,573

-0.1%

13

7

114

76

Roslyn Estates

$1,230,000

$1,510,000

22.8%

5

3

90

59

Roslyn Harbor

$1,777,500

$-

-100.0%

4

0

129

0

Rosyn Heights

$971,875

$1,037,692

6.8%

16

13

113

77

Sands Point

$2,455,000

$2,585,250

5.3%

4

10

328

222

Searingtown

$936,667

$1,028,500

9.8%

3

2

169

240

Westbury

$502,014

$517,896

3.2%

55

59

79

75

Williston Park

$650,900

$640,482

-1.6%

15

11

55

42

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Taking Every Precaution We understand that no matter what the global conditions are, sometimes you just can’t put your life on hold. If you are in need to buy or sell, we can still help while following all health and safety protocols.

STAY HOME, SAVE LIVES

• VIRTUAL HOME TOURS

People Are Our #1 Priority

• SAFE INSPECTIONS

We know that virtual home buying and selling may

• VIRTUAL CONSULTATIONS

not be for everyone. However if it is essential for you

• SOCIALLY DISTANCED CLOSINGS

to make a move at this time, we want you to know that we are taking every precaution imaginable in an effort to flatten the curve.

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13

OYSTER BAY TOWNSHIP MARKET REPORT 2020 First Quarter Analysis • January 1st - March 31st

%

14

Town

Average Sales Price 2019

Average Sales Price 2020

Year Over Year Change

No. Homes Sold 2019

No. Homes Sold 2020

No. Days on Market 2019

No. Days on Market 2020

Bayville

$649,643

$668,014

2.8%

7

7

130

290

Bethpage

$472,597

$525,385

11.2%

31

40

65

76

Brookville

$2,075,500

$1,883,333

-9.3%

8

3

135

243

Centre Island

$1,207,500

$600,000

-50.3%

2

1

53

39

Cove Neck

$1,120,000

$1,767,500

57.8%

1

2

368

86

East Norwich

$596,000

$660,667

10.9%

5

9

51

130

Farmingdale

$454,514

$464,161

2.1%

56

48

75

58

Glen Cove

$608,558

$544,362

-10.5%

30

47

118

88

Glen Head

$912,500

$864,444

-5.3%

6

9

101

148

Glenwood Landing $557,333

$404,250

-27.5%

3

2

48

108

Greenvale

$590,000

$410,000

-30.5%

1

1

63

25

Hicksville

$505,455

$526,314

4.1%

80

76

65

70

Jericho

$919,440

$898,039

-2.3%

17

23

85

106

Lattingtown

$892,500

$3,680,000

312.3%

2

1

219

222

Laurel Hollow

$1,599,800

$2,777,000

73.6%

5

5

92

144

Locust Valley

$902,625

$1,436,000

59.1%

8

5

90

89

Massapequa

$536,317

$532,186

-0.8%

95

100

79

78

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OYSTER BAY TOWNSHIP MARKET REPORT 2020 First Quarter Analysis • January 1st - March 31st

% Town

Average Sales Price 2019

Average Sales Price 2020

Year Over Year Change

No. Homes Sold 2019

No. Homes Sold 2020

No. Days on Market 2018

No. Days on Market 2019

Massapequa Park

$539,948

$550,031

1.9%

31

32

59

63

Muttontown

$1,370,000

$2,036,500

48.6%

6

10

96

202

North Massapequa $483,593

$455,218

-5.9%

17

4

77

71

Old Bethpage

$695,000

$688,125

-1.0%

1

12

34

120

Old Brookville

$1,880,000

$2,386,250

26.9%

5

8

136

198

Old Westbury

$1,381,718

$2,752,222

99.2%

11

9

187

311

Oyster Bay

$580,833

$835,750

43.9%

9

4

62

224

Oyster Bay Cove

$1,237,917

$1,269,000

2.5%

6

5

141

73

Plainview

$654,421

$663,138

1.3%

73

64

67

77

Sea Cliff

$874,665

$698,300

-20.2%

13

15

94

117

Seaford

$480,205

$498,089

3.7%

46

51

92

84

Syosset

$852,754

$781,459

-8.4%

42

59

96

98

Upper Brookville

$1,993,800

$1,614,000

-19.0%

5

5

174

221

Westbury

$502,014

$517,896

3.2%

55

59

79

75

Woodbury

$1,229,096

$1,047,429

-14.8%

13

7

100

75

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15

SMITHTOWN TOWNSHIP MARKET REPORT 2020 First Quarter Analysis • January 1st - March 31st

%

16

Town

Average Sales Price 2019

Average Sales Price 2020

Year Over Year Change

No. Homes Sold 2019

No. Homes Sold 2020

No. Days on Market 2019

No. Days on Market 2020

Commack

$499,765

$506,620

1.4%

49

53

78

63

Hauppauge

$486,198

$523,183

7.6%

24

30

102

70

Head of the Harbor $747,500

$-

-100.0%

2

0

107

0

Kings Park

$439,420

$487,452

10.9%

36

21

66

66

Lake Ronkonkoma $376,076

$386,700

2.8%

25

10

57

91

Nesconset

$419,832

$474,786

13.1%

22

25

110

101

Nissequogue

$1,010,000

$1,204,571

19.3%

7

7

122

286

Smithtown

$522,112

$523,345

0.2%

69

79

80

84

St James

$527,882

$527,526

-0.1%

17

35

99

86

Signature Premier Properties

877.273.3750 | signaturepremier.com

2019 SIGNATUR E STATS

26%

22 OFFICES NASSAU & SUFFOLK NUMBER OF OFFICES ACROSS LONG ISLAND

TOTAL % INCREASE OF CLOSED $ VOLUME FROM 2018 TO 2019

4,100

24% NUMBER OF CLOSED SALES NASSAU, SUFFOLK & QUEENS

YEAR-OVER-YEAR SOLD UNITS

71 DAYS

4100

4200

AVERAGE DAYS ON MARKET FOR CLOSED LISTINGS

3900 3600 3300

1200+ AGENTS

3000 2574

2700 2400 2100 1800 1500

1324

1200 853

900 600 300 Our network of professionals are part of a family of over 1200 agents.

This powerful group supports one another and ensures success.

248 $1mill+ 425 Units $750k-1mill 915 Units $501-750k 1846 Units $351-500k 667 Units $0-350k # OF SIGNATURE SALES

462 178 2009

2011

2.3

2013

2015

2017

2019

34%

BILLION

DOLLARS IN CLOSED SALES VOLUME

# OF IN-HOUSE SALES

1,422 OUT OF 4,101 UNITS

*Information obtained from MLSLI, top 10 real estate companies for closed, residential, condo, land, & commercial listings in all counties 1/1/2018 - 12/31/2019

Premier Properties SignatureSignature Premier Properties

877.273.3750 | signaturepremier.com 17 877.273.3750 | signaturepremier.com

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

RONKONKOMA

126 W Main Street Babylon, NY 11702 Office: 631.422.3100

157 East Main Street Huntington, NY 11743 Office: 631.673.3700

Coming Soon

COLD SPRING HARBOR

LOCUST VALLEY

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

41 The Plaza Locust Valley, NY 11560 Office: 516.759.4400

COMMACK

MASSAPEQUA PARK

21 Vanderbilt Motor Pkwy Commack, NY 11725 Office: 631.499.6400

4863 Merrick Road Massapequa NY, 11762

95 Main Street Sayville, NY 11782 Office: 631.567.0100

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

Office: 516.799.7100

SYOSSET

DIX HILLS

MEDFORD

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

3080 Route 112 Medford NY 11763 Office: 631.512.4520

33 Jackson Avenue Syosset, NY 11791 Office: 516.921.1400

EAST NORTHPORT

MERRICK

190 Laurel Road East Northport, NY 11731 Office: 631.368.6800

324 Merrick Avenue Merrick, NY 11566 Office: 516.546.6300

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

SAYVILLE

Signature Premier Properties

NORTHPORT 180 Main Street Northport, NY 11768 Office: 631.754.3600

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