MARKET ACTION REPORT

Phillip King

December 2012
Sales Associate Office: (631) 588-9090 Ext. 108 phillip.king@cbmoves.com Cell: (516) 241-6264
Trending Versus*: Trending Versus*:

City: Lake Grove

Price Range: | Properties: Single Family Home

Market Profile & Trends Overview

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

Month

LM

L3M PYM
5% 12% -15% -59% -1%

LY

YTD
$342,500 $352,816 73 115 14.3 95.5%

PriorYTD
9% 4% -21% 1% 15% -0.2%

PriorYear
7% 3% -1% 15% -0.2%

$374,000 0% $380,254 -2% $382,500 32% $425,750 36% 47 -16% 10 150% 87 -5% 4.7 -66% 94.0% -4.1%

1% -2% 50% 20% 59% 24% -23% 43% -1% -25% -46% -62% -2% -1.8%

* 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 10, up 42.9% from 7 in December of 2011 and 150.0% higher than the 4 sales last month. December 2012 sales were at their highest level compared to December of 2011 and 2010. December YTD sales of 73 are running -20.7% behind last year's year-to-date sales of 92.

Prices
The Median Sales Price in December was $382,500, up 50.0% from $255,000 in December of 2011 and up 31.7% from $290,500 last month. The Average Sales Price in December was $425,750, up 59.4% from $267,070 in December of 2011 and up 36.1% from $312,750 last month. December 2012 ASP was at a mid range compared to December of 2011 and 2010.

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 allowablereporting policy, 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.

MARKET ACTION REPORT

Phillip King

December 2012
Sales Associate Office: (631) 588-9090 Ext. 108 phillip.king@cbmoves.com Cell: (516) 241-6264

City: Lake Grove

Price Range: | Properties: Single Family Home

Inventory & MSI

The Total Inventory of Properties available for sale as of December was 47, down -16.1% from 56 last month and down -23.0% from 61 in December of last year. December 2012 Inventory was at the lowest 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 4.7 months was at its lowest 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 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 December was 87, down -5.4% from 92 days last month and down -1.1% from 88 days in December of last year. The December 2012 DOM was at its lowest level 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 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 December 2012 Selling Price vs List Price of 94.0% was down from 98.0% last month and down from 96.1% in December of last year.

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 allowablereporting policy, 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.

MARKET ACTION REPORT

Phillip King

December 2012
Sales Associate Office: (631) 588-9090 Ext. 108 phillip.king@cbmoves.com Cell: (516) 241-6264

City: Lake Grove

Price Range: | Properties: Single Family Home

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 December 2012 was 3, down 40.0% from 5 last month and down -50.0% from 6 in December of last year.

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 allowablereporting policy, 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.