1st Quarter 2014 Farmingville, NY

You might also like

Download as pdf or txt
Download as pdf or txt
You are on page 1of 3

MARKET ACTION REPORT

March 2014
City: Farmingville
Phillip King
Sales Associate
Office: (631) 588-9090
Cell: (516) 241-6264
phillip.king@cbmoves.com
Price Range: $0 to $999,999,000 | Properties: Single Family Home

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 4/1/2011 through 3/31/2014. 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.



Trending Versus*: Trending Versus*:
Market Profile & Trends Overview Month LM L3M PYM LY YTD PriorYTD PriorYear
Median List Price of all Current Listings $324,500 3% 20%
Average List Price of all Current Listings $313,169 2% 11%
March Median Sales Price $285,000 7% 3% -7% 2% $276,500 -5% -1%
March Average Sales Price $269,333 -10% -4% -9% -6% $282,890 -4% -1%
Total Properties Currently for Sale (Inventory) 90 11% 6%
March Number of Properties Sold 9 13% 50% 27 23%
March Average Days on Market (Solds) 83 41% -13% 57% -38% 89 -29% -33%
March Month's Supply of Inventory 10.0 -1% 6% -29% -9% 9.4 -11% -14%
March Sale Price vs List Price Ratio 94.6% -3.4% -2% -2% -1.1% 95.9% 0.9% 0.3%

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

March Property sales were 9, up 50.0% from 6 in March of 2013 and 12.5% higher than the 8 sales last month. March 2014 sales were at a mid level
compared to March of 2013 and 2012. March YTD sales of 27 are running 22.7% ahead of last year's year-to-date sales of 22.
Prices

The Median Sales Price in March was $285,000, down -7.3% from $307,500 in March of 2013 and up 7.0% from $266,250 last month. The Average Sales
Price in March was $269,333, down -9.4% from $297,333 in March of 2013 and down -9.9% from $298,811 last month. March 2014 ASP was at a mid range
compared to March of 2013 and 2012.
MARKET ACTION REPORT

March 2014
City: Farmingville
Phillip King
Sales Associate
Office: (631) 588-9090
Cell: (516) 241-6264
phillip.king@cbmoves.com
Price Range: $0 to $999,999,000 | Properties: Single Family Home

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 4/1/2011 through 3/31/2014. 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.



Inventory & MSI

The Total Inventory of Properties available for sale as of March was 90, up 11.1% from 81 last month and up 5.9% from 85 in March of last year. March 2014
Inventory was at a mid range compared to March of 2013 and 2012.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The March 2014 MSI of 10.0 months was at a mid range
compared with March of 2013 and 2012.
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 March was 83, up 40.7% from 59 days
last month and up 56.6% from 53 days in March of last year. The March 2014 DOM was at a mid range compared with March of 2013 and 2012.
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 March 2014 Selling Price vs List Price of 94.6% was
down from 97.9% last month and down from 96.4% in March of last year.
MARKET ACTION REPORT

March 2014
City: Farmingville
Phillip King
Sales Associate
Office: (631) 588-9090
Cell: (516) 241-6264
phillip.king@cbmoves.com
Price Range: $0 to $999,999,000 | Properties: Single Family Home

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 4/1/2011 through 3/31/2014. 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.



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 March 2014 was 20, up 81.8% from 11 last month
and down -16.7% from 24 in March of last year.

You might also like