The Elliman Report: 2004-2013 Decade Long Island Sales prepared by Miller Samuel Real ... · 2014....
3
Average Sales Price LONG ISLAND Number of Sales 0 7,000 14,000 21,000 28,000 35,000 $0 $140,000 $280,000 $420,000 $560,000 $700,000 13 12 11 10 09 08 07 06 05 04 Days on Market LONG ISLAND Listing Discount 0% 2% 4% 6% 8% 10% 0 40 80 120 160 200 13 12 11 10 09 08 07 06 05 04 [The Hamptons and the North Fork reported separately] Decade Survey of Residential Sales LONG ISLAND 2004- 2013 The Douglas Elliman Report series is recognized as the industry standard for providing the state of the residential real estate market in the New York City metropolitan region. The report includes an extensive suite of tools to help readers objectively identify and measure market trends, provide historical context to current information and provide comprehensive analysis of the results. PREPARED BY MILLER SAMUEL INC. Appraisal and consulting services covering the New York City metropolitan area Long Island Market Matrix 2013 %Chg (YR) 2012 %Chg (10-YR) 2004 Average Sales Price $448,324 3.0% $435,082 -3.0% $462,254 Median Sales Price $361,000 3.1% $350,000 -6.5% $386,000 Number of Sales 22,145 19.4% 18,554 -14.6% 25,929 Days on Market (From Original List Date) 115 -10.2% 128 55.4% 74 Listing Discount (From Original List Price) 5.8% 7.0% 3.1% Listing Inventory 12,801 -12.2% 14,574 -22.1% 16,435 Absorption Rate (mos) 6.9 -26.6% 9.4 -9.2% 7.6 Quintiles (Median Sales Price By NOS) 2013 %Chg (YR) 2012 %Chg (10-YR) 2003 5/5 $769,000 3.9% $740,000 14.6% $671,000 4/5 $465,000 4.5% $445,000 8.4% $429,000 3/5 $361,000 3.1% $350,000 5.4% $342,500 2/5 $280,000 1.8% $275,000 1.1% $277,000 1/5 $170,000 3.0% $165,000 -12.8% $195,000 Average Sales Price Median Sales Price Number of Sales 2013 $448,324 $361,000 22,145 2012 $435,082 $346,000 18,554 2011 $437,257 $350,000 17,409 2010 $439,247 $366,000 18,311 2009 $430,802 $367,000 18,366 2008 $496,473 $415,000 19,106 2007 $519,491 $434,000 21,320 2006 $519,706 $440,000 24,959 2005 $511,311 $426,000 24,409 2004 $462,254 $386,000 25,929 <=$250K. . . . . . . . 23.8% $251K-$350K . . . . 24.0% $351K-$500K . . . . 26.7% $501K-$750M. . . . 15.0% $751M-$1M . . . . . . 5.7% $1M+ . . . . . . . . . . . 4.8% <=$250K. . . . . . . . 24.9% $251K-$350K . . . . 25.5% $351K-$500K . . . . 26.2% $501K-$750M. . . . 13.8% $751M-$1M . . . . . . 5.0% $1M+ . . . . . . . . . . . 4.5% 2013 2012
Transcript of The Elliman Report: 2004-2013 Decade Long Island Sales prepared by Miller Samuel Real ... · 2014....
Average Sales Price
LONG ISLAND
1-3 FAMILY
Number of Sales
Average Sales Price Number of Sales
0
6,000
12,000
18,000
24,000
30,000
Average Sales Price Number of Sales
Average Sales Price Number of Sales
$0
$100,000
$200,000
$300,000
$400,000
$500,000
13121110090807060504 0
1,000
2,000
3,000
4,000
5,000
0
800
1,600
2,400
3,200
4,000
$0
$320,000
$640,000
$960,000
$1,280,000
$1,600,000
13121110090807060504
CONDO
LUXURY
Average Sales Price Number of Sales
0
3,600
7,200
10,800
14,400
18,000
$0
$180,000
$360,000
$540,000
$720,000
$900,000
13121110090807060504
NASSAU
Average Sales Price Number of Sales
3,000
5,600
8,200
10,800
13,400
16,000
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
13121110090807060504
SUFFOLK
0
7,000
14,000
21,000
28,000
35,000
$0
$140,000
$280,000
$420,000
$560,000
$700,000
13121110090807060504
Days on Market
LONG ISLAND
Listing Discount
0%
2%
4%
6%
8%
10%
0
40
80
120
160
200
13121110090807060504
$0
$120,000
$240,000
$360,000
$480,000
$600,000
13121110090807060504
Average Sales Price
LONG ISLAND
1-3 FAMILY
Number of Sales
Average Sales Price Number of Sales
0
6,000
12,000
18,000
24,000
30,000
Average Sales Price Number of Sales
Average Sales Price Number of Sales
$0
$100,000
$200,000
$300,000
$400,000
$500,000
13121110090807060504 0
1,000
2,000
3,000
4,000
5,000
0
800
1,600
2,400
3,200
4,000
$0
$320,000
$640,000
$960,000
$1,280,000
$1,600,000
13121110090807060504
CONDO
LUXURY
Average Sales Price Number of Sales
0
3,600
7,200
10,800
14,400
18,000
$0
$180,000
$360,000
$540,000
$720,000
$900,000
13121110090807060504
NASSAU
Average Sales Price Number of Sales
3,000
5,600
8,200
10,800
13,400
16,000
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
13121110090807060504
SUFFOLK
0
7,000
14,000
21,000
28,000
35,000
$0
$140,000
$280,000
$420,000
$560,000
$700,000
13121110090807060504
Days on Market
LONG ISLAND
Listing Discount
0%
2%
4%
6%
8%
10%
0
40
80
120
160
200
13121110090807060504
$0
$120,000
$240,000
$360,000
$480,000
$600,000
13121110090807060504
[The Hamptons and the North Fork reported separately]
Decade Survey of Residential SalesLong IsLand 2004-2013
The Douglas Elliman Report series is recognized as the industry standard for
providing the state of the residential real estate market in the New York City
metropolitan region. The report includes an extensive suite of tools to help
readers objectively identify and measure market trends, provide historical context
to current information and provide comprehensive analysis of the results.
PrePared by Miller SaMuel inc. Appraisal and consulting services covering the New York City metropolitan area
Long Island Market Matrix 2013 %Chg (YR) 2012 %Chg (10-YR) 2004
Average Sales Price $448,324 3.0% $435,082 -3.0% $462,254
Median Sales Price $361,000 3.1% $350,000 -6.5% $386,000
Number of Sales 22,145 19.4% 18,554 -14.6% 25,929
Days on Market (From Original List Date)
115 -10.2% 128 55.4% 74
Listing Discount (From Original List Price)
5.8% 7.0% 3.1%
Listing Inventory 12,801 -12.2% 14,574 -22.1% 16,435
Absorption Rate (mos) 6.9 -26.6% 9.4 -9.2% 7.6
Quintiles (Median Sales Price By NOS) 2013 %Chg (YR) 2012 %Chg (10-YR) 2003
5/5 $769,000 3.9% $740,000 14.6% $671,000
4/5 $465,000 4.5% $445,000 8.4% $429,000
3/5 $361,000 3.1% $350,000 5.4% $342,500
2/5 $280,000 1.8% $275,000 1.1% $277,000
1/5 $170,000 3.0% $165,000 -12.8% $195,000
Average Sales Price Median Sales Price Number of Sales
2013 $448,324 $361,000 22,145
2012 $435,082 $346,000 18,554
2011 $437,257 $350,000 17,409
2010 $439,247 $366,000 18,311
2009 $430,802 $367,000 18,366
2008 $496,473 $415,000 19,106
2007 $519,491 $434,000 21,320
2006 $519,706 $440,000 24,959
2005 $511,311 $426,000 24,409
2004 $462,254 $386,000 25,929
Average Sales Price
LONG ISLAND
1-3 FAMILY
Number of Sales
Average Sales Price Number of Sales
0
6,000
12,000
18,000
24,000
30,000
Average Sales Price Number of Sales
Average Sales Price Number of Sales
$0
$100,000
$200,000
$300,000
$400,000
$500,000
13121110090807060504 0
1,000
2,000
3,000
4,000
5,000
0
800
1,600
2,400
3,200
4,000
$0
$320,000
$640,000
$960,000
$1,280,000
$1,600,000
13121110090807060504
CONDO
LUXURY
Average Sales Price Number of Sales
0
3,600
7,200
10,800
14,400
18,000
$0
$180,000
$360,000
$540,000
$720,000
$900,000
13121110090807060504
NASSAU
Average Sales Price Number of Sales
3,000
5,600
8,200
10,800
13,400
16,000
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
13121110090807060504
SUFFOLK
0
7,000
14,000
21,000
28,000
35,000
$0
$140,000
$280,000
$420,000
$560,000
$700,000
13121110090807060504
Days on Market
LONG ISLAND
Listing Discount
0%
2%
4%
6%
8%
10%
0
40
80
120
160
200
13121110090807060504
$0
$120,000
$240,000
$360,000
$480,000
$600,000
13121110090807060504
Average Sales Price
LONG ISLAND
1-3 FAMILY
Number of Sales
Average Sales Price Number of Sales
0
6,000
12,000
18,000
24,000
30,000
Average Sales Price Number of Sales
Average Sales Price Number of Sales
$0
$100,000
$200,000
$300,000
$400,000
$500,000
13121110090807060504 0
1,000
2,000
3,000
4,000
5,000
0
800
1,600
2,400
3,200
4,000
$0
$320,000
$640,000
$960,000
$1,280,000
$1,600,000
13121110090807060504
CONDO
LUXURY
Average Sales Price Number of Sales
0
3,600
7,200
10,800
14,400
18,000
$0
$180,000
$360,000
$540,000
$720,000
$900,000
13121110090807060504
NASSAU
Average Sales Price Number of Sales
3,000
5,600
8,200
10,800
13,400
16,000
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
13121110090807060504
SUFFOLK
0
7,000
14,000
21,000
28,000
35,000
$0
$140,000
$280,000
$420,000
$560,000
$700,000
13121110090807060504
Days on Market
LONG ISLAND
Listing Discount
0%
2%
4%
6%
8%
10%
0
40
80
120
160
200
13121110090807060504
$0
$120,000
$240,000
$360,000
$480,000
$600,000
13121110090807060504
<=$250K. . . . . . . . 23.8%
$251K-$350K . . . . 24.0%
$351K-$500K . . . . 26.7%
$501K-$750M. . . . 15.0%
$751M-$1M . . . . . . 5.7%
$1M+ . . . . . . . . . . . 4.8%
<=$250K. . . . . . . . 24.9%
$251K-$350K . . . . 25.5%
$351K-$500K . . . . 26.2%
$501K-$750M. . . . 13.8%
$751M-$1M . . . . . . 5.0%
$1M+ . . . . . . . . . . . 4.5%
2013 2012
1-3 FamILy
Condos
Average Sales Price
LONG ISLAND
1-3 FAMILY
Number of Sales
Average Sales Price Number of Sales
0
6,000
12,000
18,000
24,000
30,000
Average Sales Price Number of Sales
Average Sales Price Number of Sales
$0
$100,000
$200,000
$300,000
$400,000
$500,000
13121110090807060504 0
1,000
2,000
3,000
4,000
5,000
0
800
1,600
2,400
3,200
4,000
$0
$320,000
$640,000
$960,000
$1,280,000
$1,600,000
13121110090807060504
CONDO
LUXURY
Average Sales Price Number of Sales
0
3,600
7,200
10,800
14,400
18,000
$0
$180,000
$360,000
$540,000
$720,000
$900,000
13121110090807060504
NASSAU
Average Sales Price Number of Sales
3,000
5,600
8,200
10,800
13,400
16,000
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
13121110090807060504
SUFFOLK
0
7,000
14,000
21,000
28,000
35,000
$0
$140,000
$280,000
$420,000
$560,000
$700,000
13121110090807060504
Days on Market
LONG ISLAND
Listing Discount
0%
2%
4%
6%
8%
10%
0
40
80
120
160
200
13121110090807060504
$0
$120,000
$240,000
$360,000
$480,000
$600,000
13121110090807060504
Average Sales Price
LONG ISLAND
1-3 FAMILY
Number of Sales
Average Sales Price Number of Sales
0
6,000
12,000
18,000
24,000
30,000
Average Sales Price Number of Sales
Average Sales Price Number of Sales
$0
$100,000
$200,000
$300,000
$400,000
$500,000
13121110090807060504 0
1,000
2,000
3,000
4,000
5,000
0
800
1,600
2,400
3,200
4,000
$0
$320,000
$640,000
$960,000
$1,280,000
$1,600,000
13121110090807060504
CONDO
LUXURY
Average Sales Price Number of Sales
0
3,600
7,200
10,800
14,400
18,000
$0
$180,000
$360,000
$540,000
$720,000
$900,000
13121110090807060504
NASSAU
Average Sales Price Number of Sales
3,000
5,600
8,200
10,800
13,400
16,000
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
13121110090807060504
SUFFOLK
0
7,000
14,000
21,000
28,000
35,000
$0
$140,000
$280,000
$420,000
$560,000
$700,000
13121110090807060504
Days on Market
LONG ISLAND
Listing Discount
0%
2%
4%
6%
8%
10%
0
40
80
120
160
200
13121110090807060504
$0
$120,000
$240,000
$360,000
$480,000
$600,000
13121110090807060504
Average Sales Price
LONG ISLAND
1-3 FAMILY
Number of Sales
Average Sales Price Number of Sales
0
6,000
12,000
18,000
24,000
30,000
Average Sales Price Number of Sales
Average Sales Price Number of Sales
$0
$100,000
$200,000
$300,000
$400,000
$500,000
13121110090807060504 0
1,000
2,000
3,000
4,000
5,000
0
800
1,600
2,400
3,200
4,000
$0
$320,000
$640,000
$960,000
$1,280,000
$1,600,000
13121110090807060504
CONDO
LUXURY
Average Sales Price Number of Sales
0
3,600
7,200
10,800
14,400
18,000
$0
$180,000
$360,000
$540,000
$720,000
$900,000
13121110090807060504
NASSAU
Average Sales Price Number of Sales
3,000
5,600
8,200
10,800
13,400
16,000
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
13121110090807060504
SUFFOLK
0
7,000
14,000
21,000
28,000
35,000
$0
$140,000
$280,000
$420,000
$560,000
$700,000
13121110090807060504
Days on Market
LONG ISLAND
Listing Discount
0%
2%
4%
6%
8%
10%
0
40
80
120
160
200
13121110090807060504
$0
$120,000
$240,000
$360,000
$480,000
$600,000
13121110090807060504
Average Sales Price
LONG ISLAND
1-3 FAMILY
Number of Sales
Average Sales Price Number of Sales
0
6,000
12,000
18,000
24,000
30,000
Average Sales Price Number of Sales
Average Sales Price Number of Sales
$0
$100,000
$200,000
$300,000
$400,000
$500,000
13121110090807060504 0
1,000
2,000
3,000
4,000
5,000
0
800
1,600
2,400
3,200
4,000
$0
$320,000
$640,000
$960,000
$1,280,000
$1,600,000
13121110090807060504
CONDO
LUXURY
Average Sales Price Number of Sales
0
3,600
7,200
10,800
14,400
18,000
$0
$180,000
$360,000
$540,000
$720,000
$900,000
13121110090807060504
NASSAU
Average Sales Price Number of Sales
3,000
5,600
8,200
10,800
13,400
16,000
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
13121110090807060504
SUFFOLK
0
7,000
14,000
21,000
28,000
35,000
$0
$140,000
$280,000
$420,000
$560,000
$700,000
13121110090807060504
Days on Market
LONG ISLAND
Listing Discount
0%
2%
4%
6%
8%
10%
0
40
80
120
160
200
13121110090807060504
$0
$120,000
$240,000
$360,000
$480,000
$600,000
13121110090807060504
Average Sales Price
LONG ISLAND
1-3 FAMILY
Number of Sales
Average Sales Price Number of Sales
0
6,000
12,000
18,000
24,000
30,000
Average Sales Price Number of Sales
Average Sales Price Number of Sales
$0
$100,000
$200,000
$300,000
$400,000
$500,000
13121110090807060504 0
1,000
2,000
3,000
4,000
5,000
0
800
1,600
2,400
3,200
4,000
$0
$320,000
$640,000
$960,000
$1,280,000
$1,600,000
13121110090807060504
CONDO
LUXURY
Average Sales Price Number of Sales
0
3,600
7,200
10,800
14,400
18,000
$0
$180,000
$360,000
$540,000
$720,000
$900,000
13121110090807060504
NASSAU
Average Sales Price Number of Sales
3,000
5,600
8,200
10,800
13,400
16,000
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
13121110090807060504
SUFFOLK
0
7,000
14,000
21,000
28,000
35,000
$0
$140,000
$280,000
$420,000
$560,000
$700,000
13121110090807060504
Days on Market
LONG ISLAND
Listing Discount
0%
2%
4%
6%
8%
10%
0
40
80
120
160
200
13121110090807060504
$0
$120,000
$240,000
$360,000
$480,000
$600,000
13121110090807060504
Average Sales Price
LONG ISLAND
1-3 FAMILY
Number of Sales
Average Sales Price Number of Sales
0
6,000
12,000
18,000
24,000
30,000
Average Sales Price Number of Sales
Average Sales Price Number of Sales
$0
$100,000
$200,000
$300,000
$400,000
$500,000
13121110090807060504 0
1,000
2,000
3,000
4,000
5,000
0
800
1,600
2,400
3,200
4,000
$0
$320,000
$640,000
$960,000
$1,280,000
$1,600,000
13121110090807060504
CONDO
LUXURY
Average Sales Price Number of Sales
0
3,600
7,200
10,800
14,400
18,000
$0
$180,000
$360,000
$540,000
$720,000
$900,000
13121110090807060504
NASSAU
Average Sales Price Number of Sales
3,000
5,600
8,200
10,800
13,400
16,000
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
13121110090807060504
SUFFOLK
0
7,000
14,000
21,000
28,000
35,000
$0
$140,000
$280,000
$420,000
$560,000
$700,000
13121110090807060504
Days on Market
LONG ISLAND
Listing Discount
0%
2%
4%
6%
8%
10%
0
40
80
120
160
200
13121110090807060504
$0
$120,000
$240,000
$360,000
$480,000
$600,000
13121110090807060504
1-3 Family Market Matrix 2013 %Chg (YR) 2012 %Chg (10-YR) 2004
Average Sales Price $472,565 3.6% $456,217 0.0% $472,379
Median Sales Price $375,000 8.7% $345,000 -3.8% $390,000
Number of Sales 18,870 18.0% 15,990 -21.6% 24,059
Days on Market (From Original List Date) 112 -10.4% 125 N/A N/A
Listing Discount (From Original List Price) 5.8% 7.2% N/A N/A
Listing Inventory 11,930 -10.8% 13,367 N/A N/A
Absorption Rate (mos) 7.6 -24.0% 10.0 N/A N/A
Condos Market Matrix 2013 %Chg (YR) 2012 %Chg (10-YR) 2004
Average Sales Price $308,648 1.8% $303,278 12.1% $275,408
Median Sales Price $244,000 1.7% $240,000 6.1% $230,000
Number of Sales 3,275 27.7% 2,564 99.1% 1,645
Days on Market (From Original List Date) 131 -9.0% 144 N/A N/A
Listing Discount (From Original List Price) 5.1% #DIV/0! 0.0% N/A N/A
Listing Inventory 2,052 -15.8% 2,438 N/A N/A
Absorption Rate (mos) 7.5 -34.2% 11.4 N/A N/A
The Elliman Report • Decade Survey of Long Island Residential Sales2004-2013
Avg. Sales Price Med. Sales Price No. of Sales
2013 $472,565 $375,000 18,870
2012 $456,217 $345,000 15,990
2011 $454,041 $362,089 15,115
2010 $459,269 $375,696 15,768
2009 $449,720 $377,844 15,946
2008 $526,338 $426,309 16,506
2007 $549,324 $449,000 19,537
2006 $536,670 $447,000 23,188
2005 $527,189 $435,000 22,138
2004 $472,379 $390,000 24,059
Avg. Sales Price Med. Sales Price No. of Sales
2013 $308,648 $244,000 3,275
2012 $303,278 $240,000 2,564
2011 $312,600 $248,000 2,294
2010 $315,095 $256,000 2,543
2009 $306,208 $255,000 2,421
2008 $335,238 $275,000 2,600
2007 $440,688 $379,725 1,783
2006 $428,593 $380,000 1,771
2005 $407,050 $359,900 2,271
2004 $387,076 $340,000 1,870
<=$250K . . .18.8%
$251K-$350K 25.0%
$351K-$500K 28.7%
$501K-$750M 16.0%
$751M-$1M . 5.2%
$1M+ . . . . . 5.5%
<=$250K . . .20.4%
$251K-$350K 26.6%
$351K-$500K 28.1%
$501K-$750M 14.7%
$751M-$1M . 5.2%
$1M+ . . . . . 5.0%
2012 2011
<=$250K . . . 9.0%
$251K-$350K. 3.1%
$351K-$500K. 2.7%
$501K-$750M 1.7%
$751M-$1M . 0.7%
$1M+ . . . . . 0.2%
<=$250K . . . 8.5%
$251K-$350K. 3.1%
$351K-$500K. 2.3%
$501K-$750M 1.3%
$751M-$1M . 0.6%
$1M+ . . . . . 0.2%
2012 2011
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Quintiles (Median Sales Price By NOS) 2013 %Chg (YR) 2012 %Chg (10-YR) 2004
5/5 $800,000 5.3% $760,000 6.7% $750,000
4/5 $480,000 4.3% $460,000 -1.3% $486,294
3/5 $375,000 2.7% $365,000 -3.8% $390,000
2/5 $300,000 3.4% $290,000 -7.7% $325,000
1/5 $200,000 5.3% $190,000 -16.7% $240,000
Quintiles (Median Sales Price By NOS) 2013 %Chg (YR) 2012 %Chg (10-YR) 2004
5/5 $595,000 1.2% $588,000 -0.8% $600,000
4/5 $355,000 6.0% $335,000 2.9% $345,000
3/5 $244,000 1.7% $240,000 3.8% $235,000
2/5 $178,000 -1.1% $180,000 -1.1% $180,000
1/5 $97,000 -3.0% $100,000 -3.0% $100,000
© 2014 Douglas Elliman REal EstatE. all matERial pREsEntED hEREin is intEnDED foR infoRmation puRposEs only. WhilE, this infoRmation is bEliEvED to bE coRREct, it is REpREsEntED subjEct to ERRoRs, omissions, changEs oR WithDRaWal Without noticE. all pRopERty infoRmation, incluDing, but not limitED to squaRE footagE, Room count, numbER of bEDRooms anD thE school DistRict in pRopERty listings aRE DEEmED REliablE, but shoulD bE vERifiED by youR oWn attoRnEy, aRchitEct oR zoning ExpERt. if youR pRopERty is cuRREntly listED With anothER REal EstatE bRokER, plEasE DisREgaRD this offER. it is not ouR intEntion to solicit thE offERings of othER REal EstatE bRokERs. WE coopERatE With thEm fully. Equal housing oppoRtunity.
©2014 Douglas Elliman and Miller Samuel Inc. All worldwide rights reserved. For more information or electronic copies of this report please visit elliman.com/marketreports. Email report author Jonathan Miller at [email protected] with questions or comments. Report methodology: http://www.millersamuel.com/reports/methodology.php
Douglas Elliman Real Estate575 Madison Avenue
New York, NY 10022
212.891.7000
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Miller Samuel Inc.Real Estate Appraisers21 West 38th Street
New York, NY 10018
212.768.8100
millersamuel.com
Luxury
nassau
suFFoLk
Average Sales Price
LONG ISLAND
1-3 FAMILY
Number of Sales
Average Sales Price Number of Sales
0
6,000
12,000
18,000
24,000
30,000
Average Sales Price Number of Sales
Average Sales Price Number of Sales
$0
$100,000
$200,000
$300,000
$400,000
$500,000
13121110090807060504 0
1,000
2,000
3,000
4,000
5,000
0
800
1,600
2,400
3,200
4,000
$0
$320,000
$640,000
$960,000
$1,280,000
$1,600,000
13121110090807060504
CONDO
LUXURY
Average Sales Price Number of Sales
0
3,600
7,200
10,800
14,400
18,000
$0
$180,000
$360,000
$540,000
$720,000
$900,000
13121110090807060504
NASSAU
Average Sales Price Number of Sales
3,000
5,600
8,200
10,800
13,400
16,000
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
13121110090807060504
SUFFOLK
0
7,000
14,000
21,000
28,000
35,000
$0
$140,000
$280,000
$420,000
$560,000
$700,000
13121110090807060504
Days on Market
LONG ISLAND
Listing Discount
0%
2%
4%
6%
8%
10%
0
40
80
120
160
200
13121110090807060504
$0
$120,000
$240,000
$360,000
$480,000
$600,000
13121110090807060504
Average Sales Price
LONG ISLAND
1-3 FAMILY
Number of Sales
Average Sales Price Number of Sales
0
6,000
12,000
18,000
24,000
30,000
Average Sales Price Number of Sales
Average Sales Price Number of Sales
$0
$100,000
$200,000
$300,000
$400,000
$500,000
13121110090807060504 0
1,000
2,000
3,000
4,000
5,000
0
800
1,600
2,400
3,200
4,000
$0
$320,000
$640,000
$960,000
$1,280,000
$1,600,000
13121110090807060504
CONDO
LUXURY
Average Sales Price Number of Sales
0
3,600
7,200
10,800
14,400
18,000
$0
$180,000
$360,000
$540,000
$720,000
$900,000
13121110090807060504
NASSAU
Average Sales Price Number of Sales
3,000
5,600
8,200
10,800
13,400
16,000
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
13121110090807060504
SUFFOLK
0
7,000
14,000
21,000
28,000
35,000
$0
$140,000
$280,000
$420,000
$560,000
$700,000
13121110090807060504
Days on Market
LONG ISLAND
Listing Discount
0%
2%
4%
6%
8%
10%
0
40
80
120
160
200
13121110090807060504
$0
$120,000
$240,000
$360,000
$480,000
$600,000
13121110090807060504
Average Sales Price
LONG ISLAND
1-3 FAMILY
Number of Sales
Average Sales Price Number of Sales
0
6,000
12,000
18,000
24,000
30,000
Average Sales Price Number of Sales
Average Sales Price Number of Sales
$0
$100,000
$200,000
$300,000
$400,000
$500,000
13121110090807060504 0
1,000
2,000
3,000
4,000
5,000
0
800
1,600
2,400
3,200
4,000
$0
$320,000
$640,000
$960,000
$1,280,000
$1,600,000
13121110090807060504
CONDO
LUXURY
Average Sales Price Number of Sales
0
3,600
7,200
10,800
14,400
18,000
$0
$180,000
$360,000
$540,000
$720,000
$900,000
13121110090807060504
NASSAU
Average Sales Price Number of Sales
3,000
5,600
8,200
10,800
13,400
16,000
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
13121110090807060504
SUFFOLK
0
7,000
14,000
21,000
28,000
35,000
$0
$140,000
$280,000
$420,000
$560,000
$700,000
13121110090807060504
Days on Market
LONG ISLAND
Listing Discount
0%
2%
4%
6%
8%
10%
0
40
80
120
160
200
13121110090807060504
$0
$120,000
$240,000
$360,000
$480,000
$600,000
13121110090807060504
Avg. Sales Price Med. Sales Price No. of Sales2013 $1,278,446 $999,000 2,214
2012 $1,252,852 $962,500 1,854
2011 $1,262,795 $980,919 1,741
2010 $1,224,310 $976,224 1,831
2009 $1,132,593 $910,057 1,837
Avg. Sales Price Med. Sales Price No. of Sales2013 $537,052 $415,000 11,138
2012 $520,319 $400,000 9,315
2011 $527,530 $400,000 8,683
2010 $522,036 $412,000 9,101
2009 $493,340 $410,000 8,946
Avg. Sales Price Med. Sales Price No. of Sales2013 $358,539 $310,000 11,007
2012 $349,143 $302,000 9,239
2011 $347,429 $300,000 8,726
2010 $357,438 $320,000 9,210
2009 $371,410 $327,000 9,420
Avg. Sales Price Med. Sales Price No. of Sales2008 $1,337,439 $1,077,195 1,911
2007 $1,421,922 $1,175,000 2,132
2006 $1,329,457 $1,090,000 2,460
2005 $1,352,062 $1,088,250 2,441
2004 $1,209,810 $965,000 2,592
Avg. Sales Price Med. Sales Price No. of Sales2008 $576,666 $465,000 9,517
2007 $596,526 $475,000 10,460
2006 $602,841 $490,000 11,524
2005 $598,238 $480,000 10,727
2004 $540,093 $430,000 11,192
Avg. Sales Price Med. Sales Price No. of Sales2008 $416,883 $365,000 9,589
2007 $445,294 $390,000 10,860
2006 $448,396 $400,000 13,435
2005 $443,159 $380,000 13,682
2004 $403,140 $350,000 14,737
The Elliman Report • Decade Survey of Long Island Residential Sales2004-2013
Luxury Market Matrix 2013 %Chg (YR) 2012 %Chg (10-YR) 2004Average Sales Price $1,278,446 2.0% $1,252,852 16.9% $1,094,091
Median Sales Price $999,000 3.8% $962,500 14.2% $875,000
Number of Sales 2,214 19.4% 1,854 -20.2% 2,775
Days on Market (From Original List Date) 117 -14.6% 137 N/A N/A
Listing Discount (From Original List Price) 8.3% 10.3% N/A N/A
Listing Inventory 2,449 -11.7% 2,775 N/A N/A
Absorption Rate (mos) 13.3 -26.1% 18.0 N/A N/A
Nassau Market Matrix 2013 %Chg (YR) 2012 %Chg (10-YR) 2004Average Sales Price $537,052 3.2% $520,319 -0.6% $540,093
Median Sales Price $415,000 3.8% $400,000 -3.5% $430,000
Number of Sales 11,138 19.6% 9,315 -0.5% 11,192
Days on Market (From Original List Date) 107 -12.3% 122 N/A N/A
Listing Discount (From Original List Price) 6.4% 7.8% N/A N/A
Listing Inventory 5,562 -14.4% 6,498 N/A N/A
Absorption Rate (mos) 6.0 -28.6% 8.4 N/A N/A
Suffolk Market Matrix 2013 %Chg (YR) 2012 %Chg (10-YR) 2004Average Sales Price $358,539 2.7% $349,143 3.3% $347,215
Median Sales Price $310,000 2.6% $302,000 3.3% $300,000
Number of Sales 11,007 19.1% 9,239 -30.6% 15,855
Days on Market (From Original List Date) 123 -7.5% 133 N/A N/A
Listing Discount (From Original List Price) 4.8% 6.1% N/A N/A
Listing Inventory 7,239 -10.4% 8,076 N/A N/A
Absorption Rate (mos) 7.9 -24.8% 10.5 N/A N/A
