Yaphank New York February 2013

7/29/2019 Yaphank New York February 2013

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MARKET ACTION REPORT

February 201

City: YaphankPhillip 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 $239,000 -4% -28% Average List Price of all Current Listings $297,029 5% -2% February Median Sales Price $284,995 46% 30% 2% 36% $202,500 -4%February Average Sales Price $284,995 46% 6% 3% 15% $239,998 -6%Total Properties Currently for Sale (Inventory) 31 -16% -54% February Number of Properties Sold 2 0% -50% 4 -50%February Average Days on Market (Solds) 130 -49% -15% -27% 8% 192 49%February Month's Supply of Inventory 15.5 -16% 17% -8% -18% 17.0 -1% -February Sale Price vs List Price Ratio 98.6% 18.2% 1% 4% 3.2% 92.3% -3.5% -

* 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 2, down -50.0% from 4 in February of 2012 and equal to 0.0% 2 sales last month. February 2013 sales were mid level compared to February of 2012 and 2011. February YTD sales of 4 are running -50.0% behind last year's year-to-date sales of 8.

Prices

The Median Sales Price in February was $284,995, up 1.6% from $280,500 in February of 2012 and up 46.2% from $195,000 last month. Average Sales Price in February was $284,995, up 3.1% from $276,500 in February of 2012 and up 46.2% from $195,000 last month.February 2013 ASP was at highest level 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 31, down -16.2% from 37 last month and down -53.7% from 67 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 15.5 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 130, down -48.8% from 254 days last month and down -27.0% from 178 days in February of last year. The February 2013 Dwas 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 98.6% was up from 83.4% last month and up from 94.4% 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 5, dow

4.4% from 9 last month and down -28.6% from 7 in February of last year.

Documents

Yaphank New York February 2013