Middle Island New York February 2013

7/29/2019 Middle Island New York February 2013

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MARKET ACTION REPORT

February 201

City: Middle IslandPhillip KingSales AssociateOffice: (631) 588-9090 Ext. 108Cell: (516) [email protected]

Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo

Based on information from Multiple Listing Service of Long Island for the period 3/1/2010 through 2/28/2013. Due to MLS reporting methods and allowable reportingpolicy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy.Data maintained by the MLS's may not reflect all real estate activity in the market.

Trending Versus*: Trending Versus*:Market Profile & Trends Overview Month LM L3M PYM LY YTD PriorYTD PriorY

Median List Price of all Current Listings $179,990 -1% -10% Average List Price of all Current Listings $205,548 -2% -3% February Median Sales Price $174,000 50% 19% -24% 0% $151,000 -30%February Average Sales Price $214,894 53% 22% -6% 22% $175,568 -17%Total Properties Currently for Sale (Inventory) 139 1% -7% February Number of Properties Sold 8 -11% 0% 17 21%February Average Days on Market (Solds) 87 -51% -29% -16% -43% 135 3%February Month's Supply of Inventory 17.4 13% -13% -7% -20% 16.4 -24% -February Sale Price vs List Price Ratio 96.0% 10.1% 2% 0% 1.3% 92.8% -3.8% -

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date

Property Sales

February Property sales were 8, equal to 8 in February of 2012 and -11.1% lower than the 9 sales last month. February 2013 sales were atmid level compared to February of 2012 and 2011. February YTD sales of 17 are running 21.4% ahead of last year's year-to-date sales of

Prices

The Median Sales Price in February was $174,000, down -23.9% from $228,750 in February of 2012 and up 50.0% from $116,000 last moThe Average Sales Price in February was $214,894, down -6.1% from $228,931 in February of 2012 and up 52.8% from $140,611 last moFebruary 2013 ASP was at a mid range compared to February of 2012 and 2011.


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February 201




Inventory & MSI

The Total Inventory of Properties available for sale as of February was 139, up 0.7% from 138 last month and down -6.7% from 149 inFebruary of last year. February 2013 Inventory was at the lowest level compared to February of 2012 and 2011.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The February 2013 MSI of 17.4 months t its lowest level compared with February of 2012 and 2011.

Market Time

The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOMends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for

February was 87, down -51.1% from 178 days last month and down -16.3% from 104 days in February of last year. The February 2013 DOwas at its lowest level compared with February of 2012 and 2011.

Selling Price vs Listing Price

The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ras below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The February 2013 Sellin

Price vs List Price of 96.0% was up from 87.2% last month and down from 96.3% in February of last year.


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Inventory / New Listings / Sales

This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the bnnual seasonality of the market as well as the relationship between these items. The number of New Listings in February 2013 was 33, do

.7% from 35 last month and up 43.5% from 23 in February of last year.

Documents

Middle Island New York February 2013