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Mastic New York February 2013

Phillip King, Suffolk Realtor, Coldwell Banker Residential Brokerage, 5018 Express Dr. S Ronkonkoma, New York, http://www.philliprking.com, [email protected], 516-241-6264, 631-588-9090, Real Estate Long Island, Long Island Real Estate, Homes For Sale Long Island, Long Island Homes, NY Real Estate License, Long Island Condos, Houses For Sale Long Island, Suffolk Real Estate, Long Island Home, Long Island House, Long Island NY Homes, Suffolk Houses For Sale, Condos For Sale Long Island, Suffolk County Condo, Long Island Houses, Houses For Sale, Brookhaven Township, Islip Township, Ronkonkoma, Village of, Holbrook, Lake Grove, Holtsville, Farmingville, Selden, Centereach, Sayville, Bohemia, Blue Point, Bayport, Oakdale, Patchogue, Medford, Bellport, Brookhaven, Mastic, Shirley, Manorville, Center Moriches, Moriches, East Moriches, Eastport, Miller Place, Mount Sinai, Shoreham, Wading River, Ridge, Rocky Point, Coram, Middle Island, Yaphank, Babylon, Bayshore, Smithtown, Nesconset, Hauppauge, Residential, Resale’s, New Construction, Builders, Investors, First-time Buyer, Vacation Homes, Short Sales, Listing Agent, Buyers Agent, How to

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34 views3 pages

Mastic New York February 2013

Phillip King, Suffolk Realtor, Coldwell Banker Residential Brokerage, 5018 Express Dr. S Ronkonkoma, New York, http://www.philliprking.com, [email protected], 516-241-6264, 631-588-9090, Real Estate Long Island, Long Island Real Estate, Homes For Sale Long Island, Long Island Homes, NY Real Estate License, Long Island Condos, Houses For Sale Long Island, Suffolk Real Estate, Long Island Home, Long Island House, Long Island NY Homes, Suffolk Houses For Sale, Condos For Sale Long Island, Suffolk County Condo, Long Island Houses, Houses For Sale, Brookhaven Township, Islip Township, Ronkonkoma, Village of, Holbrook, Lake Grove, Holtsville, Farmingville, Selden, Centereach, Sayville, Bohemia, Blue Point, Bayport, Oakdale, Patchogue, Medford, Bellport, Brookhaven, Mastic, Shirley, Manorville, Center Moriches, Moriches, East Moriches, Eastport, Miller Place, Mount Sinai, Shoreham, Wading River, Ridge, Rocky Point, Coram, Middle Island, Yaphank, Babylon, Bayshore, Smithtown, Nesconset, Hauppauge, Residential, Resale’s, New Construction, Builders, Investors, First-time Buyer, Vacation Homes, Short Sales, Listing Agent, Buyers Agent, How to

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Phillip King
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MARKET ACTION REPORT

Phillip King

February 2013
Sales Associate Office: (631) 588-9090 Ext. 108 Cell: (516) 241-6264 [email protected]
Trending Versus*: Trending Versus*:

City: Mastic
Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo

Market Profile & Trends Overview


Median List Price of all Current Listings Average List Price of all Current Listings February Median Sales Price February Average Sales Price Total Properties Currently for Sale (Inventory) February Number of Properties Sold February Average Days on Market (Solds) February Month's Supply of Inventory February Sale Price vs List Price Ratio

Month

LM

L3M PYM
11% 3% 15% 31% 7% 6% 3% 15% 10% -28% -14% 61% -16% 5%

LY
15% 4% 21% 7% 6.7%

YTD
$134,130 $141,716 16 149 16.9 94.0%

PriorYTD
-12% -15% 14% 4% -30% -0.5%

PriorYear
-1% -5% 4% -14% 0.1%

$169,995 3% $182,839 2% $155,345 20% $154,948 16% 126 -1% 6 -40% 174 30% 21.0 65% 100.2% 7.5%

* 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 6, down -14.3% from 7 in February of 2012 and -40.0% lower than the 10 sales last month. February 2013 sales were at a mid level compared to February of 2012 and 2011. February YTD sales of 16 are running 14.3% ahead of last year's year-to-date sales of 14.

Prices
The Median Sales Price in February was $155,345, up 15.1% from $135,000 in February of 2012 and up 20.4% from $129,000 last month. The Average Sales Price in February was $154,948, up 9.7% from $141,286 in February of 2012 and up 15.8% from $133,776 last month. February 2013 ASP was at highest level compared to February of 2012 and 2011.

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 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.

MARKET ACTION REPORT


Phillip King

February 2013
Sales Associate Office: (631) 588-9090 Ext. 108 Cell: (516) 241-6264 [email protected]

City: Mastic
Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo

Inventory & MSI


The Total Inventory of Properties available for sale as of February was 126, down -0.8% from 127 last month and down -28.0% from 175 in February 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 21.0 months was at 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 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 February was 174, up 29.9% from 134 days last month and up 61.1% from 108 days in February of last year. The February 2013 DOM was at a mid range 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 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 February 2013 Selling Price vs List Price of 100.2% was up from 93.2% last month and up from 95.5% in February of last year.

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 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.

MARKET ACTION REPORT


Phillip King

February 2013
Sales Associate Office: (631) 588-9090 Ext. 108 Cell: (516) 241-6264 [email protected]

City: Mastic
Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo

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 basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in February 2013 was 20, down 13.0% from 23 last month and down -23.1% from 26 in February of last year.

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 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.

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