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Suffolk County, NY Market Report April 2014

Market Action Email Report table img { display:block; } Phillip KingSales AssociateCell: (516) 241-6264Office: (631) 588-9090phillip.king@cbmoves.comCounty: SuffolkApril 2014Property Type: Single Family Home | Price $0 to $999,999,000Trending Versus*:Trending Versus*: Market Profile & Trends Overview Month LM L3M PYM LY YTD PriorYTD PriorYear Median List Price of all Current Listings$391,0003%9%Average List Price of all Current Listings$581,9362%13%April Median Sales Price$315,0000%-1%2%-5%$318,0001%-4%April Average Sales Price$392,7352%-1%5%-3%$395,6986%-2%Total Properties Currently for Sale (Inventory)101217%11%April Number of Properties Sold6704%-7%2637-1%April Average Days on Market (Solds)1426%7%-7%13%133-8%6%April Month's Supply of Inventory15.14%4%19%43%14.06%32%April Sale Price vs List Price Ratio95.6%0.8%1%1%0.8%94.4%1.0%0.0%* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date | Arrows indicate if values are higher (up), lower (down) or unchanged (flat) To View Recently Sold Homes and Additional Information, Click Here. Property SalesApril property sales were 670, down from 722 in April of 2013 and 3.6% higher than the 647 sales last month. April 2014 sales were at a mid level compared to April of 2013 and 2012. April YTD sales of 2,637 are running -0.5% behind last year's year-to-date sales of 2,651.PricesThe median sales price in April was $315,000, up 1.6% from $310,000 in April of 2013 and equal to $315,000 last month. The average sales price in April was $392,735, up 5.3% from $373,066 in April of 2013 and up 2.0% from $385,040 last month. April 2014 ASP was at highest level compared to April of 2013 and 2012.Inventory & MSIThe total inventory of properties available for sale as of April was 10,121, up 7.4% from 9,424 last month and up 10.5% from 9,157 in April of last year. April 2014 Inventory was at a mid range compared to April of 2013 and 2012. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The April 2014 MSI of 15.1 months was at a mid range compared with April of 2013 and 2012.Market TimeThe average Days On Market (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM tends 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 April was 142, up from 134 days last month and down from 153 days in April of last year. The April 2014 DOM was at a mid range compared with April of 2013 and 2012.Selling Price vs Listing PriceThe selling price vs listing price reveals the average amount that sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a buyer's market exists, a ratio at or above 100% indicates more of a seller's market. The April 2014 selling price vs list price of 95.6% was up from 94.8% last month and up from 94.9% in April of last year. Inventory / New Listings / SalesThis last view of the market combines monthly inventory of properties for sale along with new listings and sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of new listings in April 2014 was 2354, up 11.1% from 2,119 last month and up 1.1% from 2,329 in April of last year. © 2014 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Residential Brokerage fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Coldwell Banker Residential Brokerage is operated by a subsidiary of NRT LLC. Coldwell Banker and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. Based on information from Multiple Listing Service of Long Island for the period 2/18/2008 through 4/30/2014. Due to MLS reporting methods and allowable reporting policy, 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. This information will expire 30 days from when it was generated.

By Coldwell Banker M&D Good Life / Phillip King Realtor

Long Island Market Watch January 2014

  If this message is not displaying properly, click here to launch your browser.March 2014IT’S A SELLER’S SPRINGColdwell Banker Residential BrokerageWith still below freezing temperatures plaguing most of the country, it may seem premature to prepare for the spring selling season now, but the reality is spring is almost here. Whether you’re thinking of putting your home on the market or planning to buy a home, right now is really the prime time to meet with a sales professional affiliated with Coldwell Banker Residential Brokerage to discuss your options.For sellers, right now is an optimal time to list your property. Historic low interest rates and rising rents are driving buyers who want to realize the dream of homeownership. With limited housing inventory, buyers are competing against one another for those properties that are priced well. The competition is resulting in fierce bidding wars, which is driving up housing prices.The message is clear for sellers. Buyers want your home and they want it now!To take advantage of this opportunity, sellers need to act now. A sales professional can help you prioritize and establish a strategic marketing plan that includes an effective pricing strategy, home presentation suggestions, and a comprehensive approach to online marketing.Your Coldwell Banker Residential Brokerage affiliated sales professional will provide you with a competitive market analysis that includes a review of current inventory, recent comparable sales prices and other data to advise you. You can also look to the attached graph to gauge current market conditions in your area. A Coldwell Banker Residential Brokerage affiliated sales professional will also direct you on how to prepare your home for maximum appeal and ensure your property is featured on the leading real estate websites and portals in the industry.Buyers need to be prepared as well. With a lack of inventory, competition for your dream home is rigorous. Come prepared with solid financing, be ready to make a quick purchase decision, and be reasonable with your offer and expectations.For homebuyers, a Coldwell Banker Residential Brokerage affiliated sales professional can lead you through the process and help you identify homes for sale as soon as they come on the market. Your sales professional can also assist you with writing contracts, and most importantly, negotiate on your behalf.At Coldwell Banker Residential Brokerage, we are in the business of achieving real estate goals. Let us help you make the most of this spring season.ZonesBabylon/West IslipBrookhaven NorthEast Islip/Brookhaven SouthEastern Nassau /CentralEastern Nassau/South ShoreEast End/North ShoreEast End/South ShoreHuntingtonNassau North ShoreW Nassau/CentralW Nassau/South ShoreSmithtownQueens© 2014 Coldwell Banker Residential Brokerage. All Rights Reserved. Coldwell Banker Residential Brokerage fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Operated by a subsidiary of NRT LLC. Coldwell Banker ® and the Coldwell Banker logo are registered service marks owned by Coldwell Banker Real Estate LLC.

By Coldwell Banker M&D Good Life / Phillip King Realtor

Windows

http://blog.coldwellbanker.com/determining-if-your-home-needs-new-windows/#

By Coldwell Banker M&D Good Life / Phillip King Realtor