Mastic, NY January 2013

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MARKET ACTION REPORT

January 201

City: MasticPhillip 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 PriorY

Median List Price of all Current Listings $169,000 2% 0% Average List Price of all Current Listings $180,362 1% 1% January Median Sales Price $129,000 -8% -7% -33% -4% $129,000 -33%January Average Sales Price $133,776 -12% -11% -31% -10% $133,776 -31% -Total Properties Currently for Sale (Inventory) 131 0% -20% January Number of Properties Sold 10 11% 43% 10 0%January Average Days on Market (Solds) 134 -31% -8% -26% -7% 134 -26%January Month's Supply of Inventory 13.1 -10% -17% -44% -33% 13.1 -44% -January Sale Price vs List Price Ratio 93.2% 0.4% -1% 0% -0.7% 92.8% -1.1% -

* 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 42.9% from 7 in January of 2012 and 11.1% higher than the 9 sales last month. January 2013 sales weheir highest level compared to January of 2012 and 2011. January YTD sales of 10 are running 42.9% ahead of last year's year-to-date sf 7.

Prices

The Median Sales Price in January was $129,000, down -33.0% from $192,500 in January of 2012 and down -8.2% from $140,500 last moThe Average Sales Price in January was $133,776, down -31.0% from $193,929 in January of 2012 and down -11.9% from $151,778 lastmonth. January 2013 ASP was at the lowest level compared to January of 2012 and 2011.


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Inventory & MSI

The Total Inventory of Properties available for sale as of January was 131, equal to 131 last month and down -19.6% from 163 in January oast 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 13.1 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 134, down -30.9% from 194 days last month and down -25.6% from 180 days in January of last year. The January 2013 DOMt a 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 93.2% was up from 92.8% last month and up from 93.0% in January 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 January 2013 was 24, up

4.6% from 13 last month and down -41.5% from 41 in January of last year.

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Mastic, NY January 2013