Blue Point New York February 2013

7/29/2019 Blue Point New York February 2013

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MARKET ACTION REPORT

February 201

City: Blue PointPhillip 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 $492,495 13% 2% Average List Price of all Current Listings $500,039 10% -1% February Median Sales Price $341,500 0% 5% 5% 4% $341,500 18%February Average Sales Price $341,500 0% 6% 4% -8% $341,500 22%Total Properties Currently for Sale (Inventory) 28 17% 22% February Number of Properties Sold 1 0% -67% 1 -75%February Average Days on Market (Solds) 163 0% -4% 33% 32% 163 51%February Month's Supply of Inventory 28.0 0% 75% 265% 79% 14.0 -9% -February Sale Price vs List Price Ratio 92.3% 1% -3% -2.2% 92.3% 3.7% -2.2%

* 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 1, down -66.7% from 3 in February of 2012 and equal to 0.0% 0 sales last month. February 2013 sales were heir lowest level compared to February of 2012 and 2011. February YTD sales of 1 are running -75.0% behind last year's year-to-date sal.

Prices

The Median Sales Price in February was $341,500, up 5.1% from $325,000 in February of 2012 and equal to $0 last month. The Average Price in February was $341,500, up 4.1% from $328,133 in February of 2012 and equal to $0 last month. February 2013 ASP was at higheevel 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 28, up 16.7% from 24 last month and up 21.7% from 23 in Februaryast year. February 2013 Inventory was at a mid range 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 28.0 months t its highest 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 163, equal to 0 days last month and up 32.5% from 123 days in February of last year. The February 2013 DOM was at a midange 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 92.3% was equal to 0.0% last month and down from 95.1% in February of last year.


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February 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 February 2013 was 8, dow

1.1% from 9 last month and up 100.0% from 4 in February of last year.

Documents

Blue Point New York February 2013