bellport village, ny december 2012

7/30/2019 Bellport Village, NY December 2012

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MARKET ACTION REPORT

December 201

City: Bellport VillagePhillip KingSales AssociateOffice: (631) 588-9090 Ext. [email protected]: (516) 241-6264

Price Range: | Properties: Single Family Home

Based on information from Multiple Listing Service of Long Island for the period 1/1/2010 through 12/31/2012. Due to MLS reporting methods and allowablereportingpolicy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the dataaccuracy.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 PriorYMedian List Price of all Current Listings $399,000 -11% -20% Average List Price of all Current Listings $629,556 7% 12% December Median Sales Price $329,000 30% 7% 21% -10% $332,500 5%December Average Sales Price $329,000 30% 13% 21% -70% $679,375 114% -Total Properties Currently for Sale (Inventory) 9 -25% 29% December Number of Properties Sold 1 -50% 0% 8 300%December Average Days on Market (Solds) 57 -49% -39% -51% -61% 178 27%December Month's Supply of Inventory 9.0 50% -7% 29% 671% 5.2 343% 3December Sale Price vs List Price Ratio 94.3% 2.4% 0% 1% 7.2% 90.2% -3.7%

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date

Property Sales

December Property sales were 1, equal to 1 in December of 2011 and -50.0% lower than the 2 sales last month. December 2012 sales wermid level compared to December of 2011 and 2010. December YTD sales of 8 are running 300.0% ahead of last year's year-to-date sale.

Prices

The Median Sales Price in December was $329,000, up 21.4% from $271,000 in December of 2011 and up 30.3% from $252,500 last monThe Average Sales Price in December was $329,000, up 21.4% from $271,000 in December of 2011 and up 30.3% from $252,500 last moDecember 2012 ASP was at highest level compared to December of 2011 and 2010.




December 201




Inventory & MSI

The Total Inventory of Properties available for sale as of December was 9, down -25.0% from 12 last month and up 28.6% from 7 in Decemf last year. December 2012 Inventory was at highest level compared to December of 2011 and 2010.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The December 2012 MSI of 9.0 months t its highest level compared with December of 2011 and 2010.

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

December was 57, down -49.1% from 112 days last month and down -50.9% from 116 days in December of last year. The December 2012DOM was at a mid range compared with December of 2011 and 2010.

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 December 2012 Selli

Price vs List Price of 94.3% was up from 92.1% last month and up from 93.5% in December of last year.




December 201




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 December 2012 was 1, eq

o 1 last month and equal to 0 in December of last year.

bellport village, ny december 2012

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