Patchogue, NY January 2013

7/29/2019 Patchogue, NY January 2013

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MARKET ACTION REPORT

January 201

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

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

Based on information from Multiple Listing Service of Long Island for the period 2/1/2010 through 1/31/2013. 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 PriorYMedian List Price of all Current Listings $235,000 0% 0% Average List Price of all Current Listings $243,354 -1% -2% January Median Sales Price $191,000 -31% -11% -6% -13% $191,000 -6%January Average Sales Price $187,450 -30% -21% 1% -18% $187,450 1%Total Properties Currently for Sale (Inventory) 135 7% -22% January Number of Properties Sold 10 -23% 25% 10 0%January Average Days on Market (Solds) 173 15% -1% 70% 26% 173 70%January Month's Supply of Inventory 13.5 39% 6% -38% -20% 13.5 -38% -January Sale Price vs List Price Ratio 92.4% -3.3% -2% 4% -1.9% 92.3% 1.5% -2

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

Property Sales

anuary Property sales were 10, up 25.0% from 8 in January of 2012 and -23.1% lower than the 13 sales last month. January 2013 sales wt their highest level compared to January of 2012 and 2011. January YTD sales of 10 are running 25.0% ahead of last year's year-to-dateales of 8.

Prices

The Median Sales Price in January was $191,000, down -5.7% from $202,500 in January of 2012 and down -30.5% from $275,000 last moThe Average Sales Price in January was $187,450, up 1.1% from $185,475 in January of 2012 and down -29.7% from $266,565 last monthanuary 2013 ASP was at a mid range compared to January of 2012 and 2011.




January 201




Inventory & MSI

The Total Inventory of Properties available for sale as of January was 135, up 7.1% from 126 last month and down -22.4% from 174 in Janf last year. January 2013 Inventory was at the lowest level compared to January of 2012 and 2011.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The January 2013 MSI of 13.5 months wt its lowest level compared with January 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 foranuary was 173, up 15.3% from 150 days last month and up 69.6% from 102 days in January of last year. The January 2013 DOM was at

mid range compared with January 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 January 2013 Selling

Price vs List Price of 92.4% was down from 95.6% last month and up from 88.7% in January of last year.




January 201




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 January 2013 was 33, up

60.0% from 5 last month and down -23.3% from 43 in January of last year.

Documents

Patchogue, NY January 2013