august 2011 nassau

8/4/2019 August 2011 Nassau

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Data for this report was pulled on September 7, 2011

Nassau CountyMarket Update

Median Sales Price of Closed Sales . . . . . . . . . 2August 2011 Average Sales Price of Closed Sales . . . . . . . . . 3

Data is refreshed regularly to capture changes in market activity so figures shown may be different than previously reported. Current as of September 7, 2011. All data from Multiple Listing Service of Long Island. Powered by 10K Research and Marketing. |

. . . . . . . . . 12

Closed Sales. . . . . . . . . 8

Months Supply of Inventory

Pct. of Original List Price Received at Sale

. . . . . . . . . 5

Active Inventory of Homes for Sale

. . . . . . . . . 7

Closed Sales by Price Range

Contract Sales

. . . . . . . . . 11

. . . . . . . . . 9

Average Contract Price of Contract Sales

Housing Affordability Index

. . . . . . . . . 10

. . . . . . . . . 6

. . . . . . . . .e an on rac r ce o on rac a es



Median Sales Price of Closed SalesNassau County Only

9-2010 $410,000 $400,000 + 2.5%

10-2010 $422,250 $400,000 + 5.6%

11-2010 $400,000 $405,000 - 1.2%12-2010 $395,000 $400,000 - 1.3%

1-2011 $415,000 $415,000 - 0.0%

2-2011 $395,000 $385,000 + 2.6%

3-2011 $385,000 $402,500 - 4.3%

4-2011 $405,000 $395,000 + 2.5%

5-2011 $395,000 $395,000 - 0.0%

6-2011 $408,000 $415,000 - 1.7%

Month + / –Prior

Year

Current

Year

Data for All Property Types

$430,000

$365,000

$208,000

$450,000

$550,000

$208,500

$430,000 $429,000

$185,000

Median Sales Price of Closed Sales by Property Type

8-2009 8-2010 8-2011

- , , - .8-2011 $420,000 $440,000 - 4.5%

12-Month Med $405,438 $407,042 - 0.4%

All data from the Multiple Listing Service of Long Island. Powered by 10K Research and Marketing. | 2

$375,000

$400,000

$425,000

$450,000

$475,000

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011

Historical Median Sales Price in Nassau County All Property Types

Residential Condo-Townhouse Co-Op

+ 4.7% - 4.4% + 50.7% - 22.0% + 0.2% - 11.3%



Average Sales Price of Closed SalesNassau County Only

9-2010 $503,584 $508,965 - 1.1%

10-2010 $540,753 $467,462 + 15.7%

11-2010 $498,205 $484,901 + 2.7%12-2010 $508,369 $506,860 + 0.3%

1-2011 $526,942 $535,969 - 1.7%

2-2011 $513,616 $504,692 + 1.8%

3-2011 $536,227 $485,821 + 10.4%

4-2011 $496,703 $510,886 - 2.8%

5-2011 $565,799 $495,257 + 14.2%

6-2011 $541,490 $487,482 + 11.1%


MonthCurrent

Year

Prior

Year+ / –

$540,681

$465,380

$228,045

$630,126

$528,615

$232,554

$571,119

$463,856

$204,088

Average Sales Price of Closed Sales by Property Type

8-2009 8-2010 8-2011

7-2011 $548,636 $597,522 - 8.2%

8-2011 $541,512 $602,660 - 10.1%

12-Month Avg $526,820 $515,706 + 2.2%


$400,000

$450,000

$500,000

$550,000

$600,000

$650,000

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011

Historical Average Sales Price in Nassau County All Property Types


+ 16.5% - 9.4% + 13.6% - 12.3% + 2.0% - 12.2%



Median Contract Price of Contract SalesNassau County Only

9-2010 $389,025 $395,000 - 1.5%

10-2010 $393,000 $399,000 - 1.5%

11-2010 $400,000 $400,000 - 0.0%12-2010 $410,000 $412,000 - 0.5%

1-2011 $385,000 $416,000 - 7.5%

2-2011 $398,500 $385,000 + 3.5%

3-2011 $395,000 $400,000 - 1.3%

4-2011 $390,000 $410,000 - 4.9%

5-2011 $410,000 $449,000 - 8.7%

6-2011 $400,000 $429,500 - 6.9%


MonthCurrent

Year

Prior

Year+ / –

$419,000

$476,000

$207,500

$429,000

$365,900

$225,000

$399,000

$445,000

$179,000

Median Contract Price of Contract Sales by Property Type

8-2009 8-2010 8-2011

7-2011 409,000 4 5,000 - .4%8-2011 $390,000 $409,000 - 4.6%

12-Month Avg $397,460 $409,958 - 3.0%


$375,000

$400,000

$425,000

$450,000

$475,000

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011

Historical Median Sales Price of Contract Sales in Nassau County All Properties


+ 2.4% - 7.0% - 23.1% + 21.6% + 8.4% - 20.4%



Average Contract Price of Contract SalesNassau County Only

9-2010 $476,198 $481,815 - 1.2%

10-2010 $516,733 $516,323 + 0.1%

11-2010 $524,548 $513,359 + 2.2%12-2010 $527,326 $514,878 + 2.4%

1-2011 $524,164 $510,409 + 2.7%

2-2011 $528,290 $518,353 + 1.9%

3-2011 $512,572 $499,325 + 2.7%

4-2011 $519,131 $492,045 + 5.5%

5-2011 $534,486 $607,087 - 12.0%

6-2011 $519,453 $565,216 - 8.1%

Current

Year

Prior

Year+ / –


Month

$503,899 $489,697

$227,827

$554,983

$494,427

$237,419

$554,770

$483,291

$200,807

Average Contract Price of Contract Sales by Property Type

8-2009 8-2010 8-2011

- , , .8-2011 $528,666 $521,719 + 1.3%

12-Month Avg $523,240 $522,282 + 0.2%


$400,000

$450,000

$500,000

$550,000

$600,000

$650,000

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011

Historical Average Contract Price of Contract Sales in Nassau County All Property Types


+ 10.1% - 0.0% + 1.0% - 2.3% + 4.2% - 15.4%



Pct. of Original List Price Received at SaleNassau County Only

9-2010 90.2% 90.4% - 0.2%

10-2010 89.8% 90.2% - 0.5%

11-2010 89.2% 90.2% - 1.1%12-2010 88.9% 89.7% - 0.9%

1-2011 89.0% 89.6% - 0.7%

2-2011 88.1% 90.1% - 2.2%

3-2011 88.6% 89.4% - 0.9%

4-2011 89.3% 90.3% - 1.1%

5-2011 89.0% 91.2% - 2.4%

6-2011 90.1% 91.8% - 1.8%

MonthCurrent

Year+ / –


Prior

Year

89.7% 88.8% 89.3%90.5% 90.0% 89.0%90.8% 91.4%86.0%

Pct. of Original List Price Received at Sale by Property Type

8-2009 8-2010 8-2011

- . . - .8-2011 90.6% 90.4% + 0.2%

12-Month Avg 89.4% 90.3% - 1.0%


86%

88%

90%

92%

94%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011

Historical Pct. of Original List Price Received at Sale for Nassau County All Property Types


+ 0.9% + 0.4% + 1.3% + 1.5% - 0.4% - 3.4%



Housing Affordability IndexNassau County Only

9-2010 126 121 + 4.5%

10-2010 124 121 + 2.3%

11-2010 131 122 + 7.6%12-2010 130 119 + 10.1%

1-2011 120 117 + 2.2%

2-2011 125 125 - 0.6%

3-2011 128 120 + 6.7%

4-2011 124 123 + 0.8%

5-2011 129 125 + 3.2%

6-2011 127 120 + 5.6%


MonthCurrent

Year

Prior

Year+ / –

111129

212

11696

228

124 125

259

Housing Affordability Indices by Property Type

8-2009 8-2010 8-2011

7-2011 24 8 + 5. %8-2011 127 118 + 7.4%

12-Month Avg 126 121 + 4.5%


80

90

100

110

120

130

140

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011

Historical Housing Affordability Index for Nassau County All Property Types


+ 4.4% + 7.3% - 25.4% + 13.3% + 3.6% + 7.4%

HAI measures housing affordability for Nassau County. An HAI of 120 means the median family income is 120% of the necessary income to qualif y for the median priced home using 20% downpayment, 30-yr fixed rate mortgage.



Contract SalesNassau County Only

9-2010 646 946 - 31.7%

10-2010 741 984 - 24.7%

11-2010 704 737 - 4.5%12-2010 617 663 - 6.9%

1-2011 488 532 - 8.3%

2-2011 574 720 - 20.3%

3-2011 862 953 - 9.5%

4-2011 851 1,423 - 40.2%

5-2011 873 590 + 48.0%

6-2011 988 802 + 23.2%

Month


Current

Year

Prior

Year+ / –

811

34 59

665

3374

775

34 57

Contract Sales by Property Type

8-2009 8-2010 8-2011

7-2011 843 767 + 9.9%8-2011 866 772 + 12.2%

12-Month Total 9,053 9,889 - 8.5%


400

600

800

1,000

1,200

1,400

1,600

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011

Historical Contract Sales in Nassau County All Property Types


- 18.0% + 16.5% - 2.9% + 3.0% + 25.4% - 23.0%



Closed SalesNassau County Only

9-2010 792 905 - 12.5%

10-2010 632 979 - 35.4%

11-2010 644 973 - 33.8%12-2010 778 906 - 14.1%

1-2011 609 695 - 12.4%

2-2011 628 565 + 11.2%

3-2011 648 698 - 7.2%

4-2011 601 750 - 19.9%

5-2011 648 719 - 9.9%

6-2011 888 1,507 - 41.1%


MonthCurrent

Year

Prior

Year+ / –

857

51 55

732

3946

786

52 57

Closed Sales by Property Type

8-2009 8-2010 8-2011

7-2011 848 702 + 20.8%8-2011 895 817 + 9.5%

12-Month Total 8,611 10,216 - 15.7%


250

500

750

1,000

1,250

1,500

1,750

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011

Historical Closed Sales in Nassau County All Property Types


- 14.6% + 7.4% - 23.5% + 33.3% - 16.4% + 23.9%



Closed Home Sales by Price RangeNassau County Only

$200,000 and

below

$200,001 to

$300,000

$300,001 to

$350,000

$350,001 to

$450,000

$450,001 to

$700,000

$700,001 and

above

All Price

Ranges

8-2010 48 106 94 179 199 191 817

8-2011 56 125 112 219 204 179 895

+ / – + 16.7% + 17.9% + 19.1% + 22.3% + 2.5% - 6.3% + 9.5%

8-2010 8-2011


$200,000 and below $200,001 to $300,000 $300,001 to $350,000 $350,001 to $450,000 $450,001 to $700,000 $700,001 and above

48

10694

179

199191

56

125112

204

179

+ 16.7% + 17.9% + 19.1% + 22.3% + 2.5% - 6.3%



Active Inventory of Homes for SaleNassau County Only

Property

Type

6 Months

Ago

3 Months

Ago

Current

Month

10,228

Condo-

Townhouse

8,715Residential

1,015

450

9,152 10,757

1,033

All Properties

Co-Op

Data for All Date Ranges

9,115

1,106

7,669

536 498

7,669

4501,033

9,115

5361,106

8,715

4981,015

3-2011 6-2011 9-2011


Inventory of Homes for Sale by Property Type Last 6 Months

5-2011 8-20112-20115-2011 8-20112-20115-2011 8-20112-2011


7,500

8,000

8,500

9,000

9,500

10,000

10,500

11,000

8-2010 9-2010 10-2010 11-2010 12-2010 1-2011 2-2011 3-2011 4-2011 5-2011 6-2011 7-2011 8-2011

Historical Inventory in Nassau County All Property Types



Months Supply of InventoryNassau County Only

Residential 15.2 11.9 11.6

18.1

Condo-

Townhouse

25.2Co-Op

12.2

15.6

All Properties

16.8

13.415.0

12.315.9

Data for All Date Ranges

Property

Type

6 Months

Ago

3 Months

Ago

Current

Month

15.2 15.0

25.2

11.9 13.4

16.8

11.6

15.618.1

2-2011 5-2011 8-2011


Months Supply of Inventory by Property Type Last 6 Months

5-2011 8-20112-20115-2011 8-20112-20115-2011 8-20112-2011


7.0

9.0

11.0

13.0

15.0

17.0

19.0

8-2010 9-2010 10-2010 11-2010 12-2010 1-2011 2-2011 3-2011 4-2011 5-2011 6-2011 7-2011 8-2011

Historical Months Su l of Inventor in Nassau Count All Property Types

august 2011 nassau

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