August 2011 Suffolk

8/4/2019 August 2011 Suffolk

1/12

Data for this report was pulled on September 7, 2011

August 2011Average Sales Price of Closed Sales . . . . . . . . . 3

Suffolk CountyMarket Update

Median Sales Price of Closed Sales . . . . . . . . . 2

Average Contract Price of Contract Sales

Housing Affordability Index

. . . . . . . . . 10

. . . . . . . . . 6

. . . . . . . . .e an on rac r ce o on rac a es

Data is refreshed regularly to capture changes in market activity so figures shown may be different than previously reported. Current as of September 7, 2011. All data from Multiple Listing Service of Long Island. Powered by 10K Research and Marketing. |

. . . . . . . . . 12

Closed Sales. . . . . . . . . 8

Months Supply of Inventory

Pct. of Original List Price Received at Sale

. . . . . . . . . 5

Active Inventory of Homes for Sale

. . . . . . . . . 7

Closed Sales by Price Range

Contract Sales

. . . . . . . . . 11

. . . . . . . . . 9


2/12

Median Sales Price of Closed SalesSuffolk County Only

9-2010 $331,750 $335,000 - 1.0%

10-2010 $325,000 $325,000 - 0.0%

11-2010 $320,000 $330,000 - 3.0%12-2010 $325,000 $325,000 - 0.0%

1-2011 $313,000 $317,000 - 1.3%

2-2011 $300,000 $325,000 - 7.7%

3-2011 $300,000 $305,000 - 1.6%

4-2011 $290,000 $318,000 - 8.8%

5-2011 $314,500 $316,500 - 0.6%

6-2011 $310,000 $335,000 - 7.5%

Month + / Prior

Year

Current

Year

Data for All Property Types

$355,000

$259,000

$145,000

$336,000

$260,000

$123,750

$330,000

$251,250

$115,250

Median Sales Price of Closed Sales by Property Type

8-2009 8-2010 8-2011

- - - - -

7-2011 3 5,000 340,000 - 7.4%8-2011 $324,000 $325,000 - 0.3%

12-Month Med $314,021 $324,708 - 3.3%

All data from the Multiple Listing Service of Long Island. Powered by 10K Research and Marketing. | 2

$290,000

$315,000

$340,000

$365,000

$390,000

$415,000

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011

Historical Median Sales Price in Suffolk County All Property Types

$355,000

$259,000

$145,000

$336,000

$260,000

$123,750

$330,000

$251,250

$115,250

Residential Condo-Townhouse Co-Op

Median Sales Price of Closed Sales by Property Type

8-2009 8-2010 8-2011

- 5.4% - 1.8% + 0.4% - 3.4% - 14.7% - 6.9%


3/12

Average Sales Price of Closed SalesSuffolk County Only

9-2010 $396,538 $377,924 + 4.9%

10-2010 $386,294 $386,490 - 0.1%

11-2010 $369,283 $370,090 - 0.2%12-2010 $390,588 $365,982 + 6.7%

1-2011 $361,914 $369,272 - 2.0%

2-2011 $348,499 $382,321 - 8.8%

3-2011 $355,111 $349,267 + 1.7%

4-2011 $342,877 $360,875 - 5.0%

5-2011 $379,707 $377,272 + 0.6%

6-2011 $383,816 $376,796 + 1.9%


MonthCurrent

Year

Prior

Year+ /

$405,873

$295,114

$154,568

$394,124

$298,906

$161,952

$383,866

$310,416

$141,657

Average Sales Price of Closed Sales by Property Type

8-2009 8-2010 8-2011

- - -

7-2011 $381,029 $409,738 - 7.0%

8-2011 $373,469 $378,969 - 1.5%

12-Month Avg $372,427 $375,416 - 0.8%


$340,000

$360,000

$380,000

$400,000

$420,000

$440,000

$460,000

$480,000

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011

Historical Average Sales Price in Suffolk County All Property Types

$405,873

$295,114

$154,568

$394,124

$298,906

$161,952

$383,866

$310,416

$141,657


Average Sales Price of Closed Sales by Property Type

8-2009 8-2010 8-2011

- 2.9% - 2.6% + 1.3% + 3.9% + 4.8% - 12.5%


4/12

Median Contract Price of Contract SalesSuffolk County Only

9-2010 $310,000 $325,000 - 4.6%

10-2010 $315,000 $335,000 - 6.0%

11-2010 $312,750 $330,000 - 5.2%12-2010 $312,000 $325,000 - 4.0%

1-2011 $291,250 $309,900 - 6.0%

2-2011 $288,000 $330,000 - 12.7%

3-2011 $299,675 $320,000 - 6.4%

4-2011 $300,000 $329,000 - 8.8%

5-2011 $305,000 $345,000 - 11.6%

6-2011 $307,500 $337,250 - 8.8%


MonthCurrent

Year

Prior

Year+ /

$338,000

$254,700

$132,500

$339,000 $328,500

$135,495

$320,000

$275,000

$112,500

Median Contract Price of Contract Sales by Property Type

8-2009 8-2010 8-2011

- - - 7-2011 $314,850 $330,000 - 4.6%8-2011 $313,500 $335,000 - 6.4%

12-Month Avg $305,794 $329,263 - 7.1%


$275,000

$300,000

$325,000

$350,000

$375,000

$400,000

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011

Historical Median Sales Price of Contract Sales in Suffolk County All Properties

$338,000

$254,700

$132,500

$339,000 $328,500

$135,495

$320,000

$275,000

$112,500


Median Contract Price of Contract Sales by Property Type

8-2009 8-2010 8-2011

+ 0.3% - 5.6% + 29.0% - 16.3% + 2.3% - 17.0%


5/12

Average Contract Price of Contract SalesSuffolk County Only

9-2010 $374,746 $375,629 - 0.2%

10-2010 $366,860 $380,725 - 3.6%

11-2010 $344,250 $392,551 - 12.3%12-2010 $479,468 $378,901 + 26.5%

1-2011 $360,725 $347,817 + 3.7%

2-2011 $388,861 $372,162 + 4.5%

3-2011 $364,646 $379,252 - 3.9%

4-2011 $366,052 $369,962 - 1.1%

5-2011 $359,636 $411,246 - 12.5%

6-2011 $358,924 $398,855 - 10.0%

Current

Year

Prior

Year+ /


Month

$396,279

$287,219

$138,300

$388,994

$330,893

$144,299

$362,762

$302,066

$121,156

Average Contract Price of Contract Sales by Property Type

8-2009 8-2010 8-2011

- - - - - , , - .8-2011 $352,284 $379,262 - 7.1%

12-Month Avg $373,466 $381,223 - 2.0%


$325,000

$350,000

$375,000

$400,000

$425,000

$450,000

$475,000

$500,000

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011

Historical Average Contract Price of Contract Sales in Suffolk County All Property Types

$396,279

$287,219

$138,300

$388,994

$330,893

$144,299

$362,762

$302,066

$121,156


Average Contract Price of Contract Sales by Property Type

8-2009 8-2010 8-2011

- 1.8% - 6.7% + 15.2% - 8.7% + 4.3% - 16.0%


6/12

Pct. of Original List Price Received at SaleSuffolk County Only

9-2010 90.4% 90.4% - 0.0%

10-2010 89.6% 90.6% - 1.2%

11-2010 89.6% 90.4% - 1.0%12-2010 89.2% 90.5% - 1.5%

1-2011 88.4% 89.7% - 1.4%

2-2011 87.7% 90.5% - 3.1%

3-2011 88.8% 90.0% - 1.3%

4-2011 88.1% 90.2% - 2.3%

5-2011 88.8% 90.0% - 1.3%

6-2011 89.9% 92.0% - 2.3%

- -

MonthCurrent

Year+ /


Prior

Year

89.7% 90.1%86.8%

90.8% 92.4% 90.7%90.1% 88.5%83.6%

Pct. of Original List Price Received at Sale by Property Type

8-2009 8-2010 8-2011

- - - - . . - .8-2011 89.8% 90.9% - 1.2%

12-Month Avg 89.2% 90.5% - 1.4%


86%

88%

90%

92%

94%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011

Historical Pct. of Original List Price Received at Sale for Suffolk County All Property Types

89.7% 90.1%86.8%

90.8% 92.4% 90.7%90.1% 88.5%83.6%


Pct. of Original List Price Received at Sale by Property Type

8-2009 8-2010 8-2011

+ 1.2% - 0.8% + 2.6% - 4.2% + 4.5% - 7.8%


7/12

Housing Affordability IndexSuffolk County Only

9-2010 153 142 + 7.7%

10-2010 157 146 + 7.4%

11-2010 160 147 + 9.2%12-2010 155 143 + 8.6%

1-2011 154 149 + 3.3%

2-2011 160 146 + 9.3%

3-2011 161 155 + 3.9%

4-2011 167 150 + 11.8%

5-2011 158 153 + 3.7%

6-2011 162 146 + 11.3%


MonthCurrent

Year

Prior

Year+ /

132

175

285

151

189

347

158

200

374

Housing Affordability Indices by Property Type

8-2009 8-2010 8-2011

7-2011 160 147 + 8.4%8-2011 160 155 + 3.1%

12-Month Avg 159 148 + 7.2%


100

110

120

130

140

150

160

170

180

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011

Historical Housing Affordability Index for Suffolk County All Property Types

132

175

285

151

189

347

158

200

374


Housing Affordability Indices by Property Type

8-2009 8-2010 8-2011

+ 14.2% + 4.5% + 8.0% + 8.0% + 14.6% + 3.1%

HAI measures housing affordability for Nassau County. An HAI of 120 means the median family income is 120% of the necessary income to qualif y for the median priced home using 20% downpayment, 30-yr fixed rate mortgage.


8/12

Contract SalesSuffolk County Only

9-2010 805 1,026 - 21.5%

10-2010 810 1,090 - 25.7%

11-2010 743 771 - 3.6%12-2010 675 709 - 4.8%

1-2011 560 612 - 8.5%

2-2011 683 765 - 10.7%

3-2011 906 1,067 - 15.1%

4-2011 875 1,611 - 45.7%

5-2011 952 623 + 52.8%

6-2011 979 787 + 24.4%

Month


Current

Year

Prior

Year+ /

899

7738

819

6121

839

6025

Contract Sales by Property Type

8-2009 8-2010 8-2011

7-2011 905 867 + 4.4%8-2011 924 901 + 2.6%

12-Month Total 9,817 10,829 - 9.3%


400

600

800

1,000

1,200

1,400

1,600

1,800

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011

Historical Contract Sales in Suffolk County All Property Types

899

7738

819

6121

839

6025


Contract Sales by Property Type

8-2009 8-2010 8-2011

- 8.9% + 2.4% - 20.8% - 1.6% - 44.7% + 19.0%


9/12

Closed SalesSuffolk County Only

9-2010 827 934 - 11.5%

10-2010 814 1,048 - 22.3%

11-2010 737 1,048 - 29.7%12-2010 866 1,106 - 21.7%

1-2011 667 735 - 9.3%

2-2011 658 600 + 9.7%

3-2011 685 759 - 9.7%

4-2011 637 840 - 24.2%

5-2011 802 834 - 3.8%

6-2011 908 1,625 - 44.1%


MonthCurrent

Year

Prior

Year+ /

957

82

22

725

6826

899

6024

Closed Sales by Property Type

8-2009 8-2010 8-2011

7-2011 806 693 + 16.3%8-2011 983 819 + 20.0%

12-Month Total 9,390 11,041 - 15.0%


300

500

700

900

1,100

1,300

1,500

1,700

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011

Historical Closed Sales in Suffolk County All Property Types

957

82

22

725

6826

899

6024


Closed Sales by Property Type

8-2009 8-2010 8-2011

- 24.2% + 24.0% - 17.1% - 11.8% + 18.2% - 7.7%


10/12

Closed Home Sales by Price RangeSuffolk County Only

$200,000 and

below

$200,001 to

$300,000

$300,001 to

$350,000

$350,001 to

$450,000

$450,001 to

$700,000

$700,001 and

above

All Price

Ranges

8-2010 163 190 114 142 136 74 819

8-2011 188 248 138 172 165 72 983

+ / + 15.3% + 30.5% + 21.1% + 21.1% + 21.3% - 2.7% + 20.0%

8-2010 8-2011


$200,000 and below $200,001 to $300,000 $300,001 to $350,000 $350,001 to $450,000 $450,001 to $700,000 $700,001 and above

163

190

114

142 136

74

188

248

138

172 165

72

8-2010 8-2011

+ 15.3% + 30.5% + 21.1% + 21.1% + 21.3% - 2.7%


11/12

Active Inventory of Homes for SaleSuffolk County Only

Data for All Date Ranges

12,710

456

11,712

811 #N/A

Property

Type

6 Months

Ago

3 Months

Ago

Current

Month

#N/A

Condo-

Townhouse

#N/AResidential

#N/A

773

12,911 13,977

426

All Properties

Co-Op

11,114

733 387

12,626

785 445

12,293

766 432

2-2011 5-2011 8-2011


Inventory of Homes for Sale by Property Type Last 6 Months

5-2011 8-20112-20115-2011 8-20112-20115-2011 8-20112-2011


11,114

733 387

12,626

785 445

12,293

766 432

2-2011 5-2011 8-2011


Inventory of Homes for Sale by Property Type Last 6 Months

11,000

11,500

12,000

12,500

13,000

13,500

14,000

14,500

8-2010 9-2010 10-2010 11-2010 12-2010 1-2011 2-2011 3-2011 4-2011 5-2011 6-2011 7-2011 8-2011

Historical Inventory in Suffolk County All Property Types

5-2011 8-20112-20115-2011 8-20112-20115-2011 8-20112-2011


12/12

Months Supply of InventorySuffolk County Only

Data for All Date Ranges

Property

Type

6 Months

Ago

3 Months

Ago

Current

Month

17.9

Residential 18.1 14.4 15.6

18.0

Condo-

Townhouse

27.6Co-Op

15.5

12.8

All Properties

16.5

15.413.1

14.6

18.1

13.1

27.6

14.415.4 16.515.6

12.8

18.0

2-2011 5-2011 8-2011


Months Supply of Inventory by Property Type Last 6 Months

5-2011 8-20112-20115-2011 8-20112-20115-2011 8-20112-2011


18.1

13.1

27.6

14.415.4 16.515.6

12.8

18.0

2-2011 5-2011 8-2011


Months Supply of Inventory by Property Type Last 6 Months

7.5

10.0

12.5

15.0

17.5

20.0

22.5

25.0

8-2010 9-2010 10-2010 11-2010 12-2010 1-2011 2-2011 3-2011 4-2011 5-2011 6-2011 7-2011 8-2011

Historical Months Su l of Inventor in Suffolk Count All Property Types

5-2011 8-20112-20115-2011 8-20112-20115-2011 8-20112-2011

August 2011 Suffolk

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