August 2011 Nassau

Nassau County
Market Update
August 2011
Data for this report was pulled on September 7, 2011
Median Sales Price of Closed Sales
......... 2
Average Sales Price of Closed Sales
......... 3
M di Contract
C t t Price
P i off C
t t Sales
S l
Median
Contract
......... 4
Average Contract Price of Contract Sales
......... 5
Pct. of Original List Price Received at Sale
......... 6
Housing Affordability Index
......... 7
Contract Sales
......... 8
Closed Sales
......... 9
Closed Sales by Price Range
. . . . . . . . . 10
Active Inventory of Homes for Sale
. . . . . . . . . 11
Months Supply of Inventory
. . . . . . . . . 12
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. |
Median Sales Price of Closed Sales

Nassau County Only
Data for All Property Types
Median Sales Price of Closed Sales by Property Type

8-2009
8-2010
8-2011
$550,000
$430,000
$450,000
$430,000
$429,000
$365,000
$208,000 $208,500
+ 4.7%
- 4.4%
Residential
+ 50.7% - 22.0%
+ 0.2%
Condo-Townhouse
Historical Median Sales Price in Nassau County
$185,000
- 11.3%
Co-Op
Month
Current
Year
Prior
Year
+/
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%
7 2011
7-2011
$415 000
$415,000
$432 000
$432,000
3 9%
- 3.9%
8-2011
$420,000
$440,000
- 4.5%
12-Month Med
$405,438
$407,042
- 0.4%
All Property Types
$475,000
$450,000
$425,000
$400,000
$375,000
1-2008
7-2008
1-2009
7-2009
1-2010
7-2010
1-2011
7-2011
All data from the Multiple Listing Service of Long Island. Powered by 10K Research and Marketing. | 2
Average Sales Price of Closed Sales

Nassau County Only
Average Sales Price of Closed Sales by Property Type

8-2009
8-2010
8-2011
$630,126
$571,119
$540,681
$528,615
$465,380
$463,856
$228,045 $232,554
+ 16.5%
- 9.4%
Residential
+ 13.6% - 12.3%
+ 2.0%
Condo-Townhouse
Historical Average Sales Price in Nassau County
$204,088
- 12.2%
Co-Op
Month
Current
Year
Prior
Year
+/
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%
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%
All Property Types
$650,000
$600,000
$550,000
$500,000
$450,000
$400,000
1-2008
7-2008
1-2009
7-2009
1-2010
7-2010
1-2011
7-2011
Median Contract Price of Contract Sales

Nassau County Only
Median Contract Price of Contract Sales by Property Type

8-2009
8-2010
8-2011
Month
Current
Year
Prior
Year
+/
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%
7 2011
7-2011
$409 000
$409,000
$415 000
$415,000
1 4%
- 1.4%
8-2011
$390,000
$409,000
- 4.6%
12-Month Avg
$397,460
$409,958
- 3.0%
$476,000
$419,000 $429,000
$445,000
$399,000
$365,900
$207,500
$225,000
$179,000
+ 2.4%
- 7.0%
Residential
- 23.1%
+ 21.6%
+ 8.4%
Condo-Townhouse
- 20.4%
Co-Op
Historical Median Sales Price of Contract Sales in Nassau County
All Properties
$475,000
$450,000
$425,000
$400,000
$375,000
1-2008
7-2008
1-2009
7-2009
1-2010
7-2010
1-2011
7-2011
Average Contract Price of Contract Sales

Nassau County Only
Average Contract Price of Contract Sales by Property Type

8-2009
8-2010
8-2011
$554,983 $554,770
$503,899
$489,697 $494,427 $483,291
$227,827 $237,419
+ 10.1%
- 0.0%
Residential
+ 1.0%
- 2.3%
+ 4.2%
Condo-Townhouse
$200,807
- 15.4%
Co-Op
Historical Average Contract Price of Contract Sales in Nassau County
Month
Current
Year
Prior
Year
+/
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%
7 2011
7-2011
$567 312
$567,312
$526 848
$526,848
7 7%
+ 7.7%
8-2011
$528,666
$521,719
+ 1.3%
12-Month Avg
$523,240
$522,282
+ 0.2%
All Property Types
$650,000
$600,000
$550,000
$500,000
$450,000
$400,000
1-2008
7-2008
1-2009
7-2009
1-2010
7-2010
1-2011
7-2011
Pct. of Original List Price Received at Sale

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

8-2009
89.7%
8-2010
90.5%
+ 0.9%
8-2011
90.8%
+ 0.4%
Residential
88.8%
90.0%
+ 1.3%
91.4%
89.3%
+ 1.5%
89.0%
- 0.4%
Condo-Townhouse
86.0%
- 3.4%
Co-Op
Historical Pct. of Original List Price Received at Sale for Nassau County
Month
Current
Year
Prior
Year
+/
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%
7 2011
7-2011
90 2%
90.2%
90 7%
90.7%
0 6%
- 0.6%
8-2011
90.6%
90.4%
+ 0.2%
12-Month Avg
89.4%
90.3%
- 1.0%
All Property Types
94%
92%
90%
88%
86%
1-2008
7-2008
1-2009
7-2009
1-2010
7-2010
1-2011
7-2011
Housing Affordability Index

Nassau County Only
Housing Affordability Indices by Property Type

8-2009
8-2010
8-2011
259
228
212
111
116
124
129
125
96
+ 4.4%
+ 7.3%
Residential
- 25.4% + 13.3%
+ 3.6%
Condo-Townhouse
+ 7.4%
Co-Op
Historical Housing Affordability Index for Nassau County
Month
Current
Year
Prior
Year
+/
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%
7 2011
7-2011
124
118
1%
+5
5.1%
8-2011
127
118
+ 7.4%
12-Month Avg
126
121
+ 4.5%
All Property Types
HAI measures housing affordability for Nassau County. An HAI of 120 means the median family income is 120% of the necessary income to qualify for the median priced home using 20% downpayment, 30-yr fixed rate mortgage.
140
130
120
110
100
90
80
1-2008
7-2008
1-2009
7-2009
1-2010
7-2010
1-2011
7-2011
Contract Sales
Nassau County Only
Contract Sales by Property Type

8-2009
8-2010
811
8-2011
775
665
34
- 18.0%
+ 16.5%
Residential
34
33
- 2.9%
59
+ 25.4%
+ 3.0%
Condo-Townhouse
Historical Contract Sales in Nassau County
74
57
- 23.0%
Month
Current
Year
Prior
Year
+/
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%
7 2011
7-2011
843
767
9 9%
+ 9.9%
8-2011
866
772
+ 12.2%
9,053
9,889
- 8.5%
12-Month Total
Co-Op
All Property Types
1,600
1,400
1,200
1,000
800
600
400
1-2008
7-2008
1-2009
7-2009
1-2010
7-2010
1-2011
7-2011
Closed Sales
Nassau County Only
Closed Sales by Property Type

8-2009
8-2010
8-2011
Month
Current
Year
Prior
Year
+/
9-2010
792
905
- 12.5%
857
786
732
51
- 14.6%
+ 7.4%
Residential
39
- 23.5%
55
52
+ 33.3%
57
- 16.4% + 23.9%
Condo-Townhouse
Historical Closed Sales in Nassau County
46
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%
7-2011
848
702
+ 20.8%
8-2011
895
817
+ 9.5%
8,611
10,216
- 15.7%
12-Month Total
Co-Op
All Property Types
1,750
1,500
1,250
1,000
750
500
250
1-2008
7-2008
1-2009
7-2009
1-2010
7-2010
1-2011
7-2011
Closed Home Sales by Price Range

Nassau 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
219
199
204
179
191
179
125
106
48
112
94
56
+ 16.7%
+ 17.9%
+ 19.1%
+ 22.3%
+ 2.5%
- 6.3%
$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
Active Inventory of Homes for Sale

Nassau County Only
Inventory of Homes for Sale by Property Type

3-2011
6-2011
9,115
Data for All Date Ranges
Last 6 Months
9-2011
Property
Type
8,715
6 Months
Ago
3 Months
Ago
Current
Month
Residential
7,669
9,115
8,715
CondoTownhouse
450
536
498
Co-Op
1,033
1,106
1,015
All Properties
9,152
10,757
10,228
6-2011
7-2011
7,669
2-2011
5-2011
8-2011
Residential
450
536
498
2-2011
5-2011
8-2011
1,033
1,106
1,015
2-2011
5-2011
8-2011
Condo-Townhouse
Historical Inventory in Nassau County
Co-Op
All Property Types
11,000
10,500
10,000
9,500
9,000
8,500
8,000
7,500
8-2010
9-2010
10-2010
11-2010
12-2010
1-2011
2-2011
3-2011
4-2011
5-2011
8-2011
Months Supply of Inventory

Nassau County Only
Months Supply of Inventory by Property Type

2-2011
5-2011
Last 6 Months
Data for All Date Ranges
8-2011
Property
Type
25.2
15.2
15.0
11.9
2-2011
5-2011
11.6
8-2011
Residential
2-2011
13.4
5-2011
16.8
15.6
8-2011
2-2011
Condo-Townhouse
5-2011
18.1
8-2011
6 Months
Ago
3 Months
Ago
Current
Month
Residential
15.2
11.9
11.6
CondoTownhouse
15.0
13.4
15.6
Co-Op
25.2
16.8
18.1
All Properties
15.9
12.3
12.2
Co-Op
Historical Months Supply of Inventory in Nassau County
All Property Types
19.0
17.0
15.0
13.0
11.0
9.0
7.0
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

August 2011 Nassau

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

August 2011 Nassau

Uploaded by

Copyright:

Available Formats

Nassau County

Median Sales Price of Closed Sales

Average Sales Price of Closed Sales

Average Contract Price of Contract Sales

Pct. of Original List Price Received at Sale

Housing Affordability Index

Closed Sales by Price Range

Active Inventory of Homes for Sale

Months Supply of Inventory

Median Sales Price of Closed Sales

Data for All Property Types

Median Sales Price of Closed Sales by Property Type

Historical Median Sales Price in Nassau County

All Property Types

Average Sales Price of Closed Sales

Data for All Property Types

Average Sales Price of Closed Sales by Property Type

Historical Average Sales Price in Nassau County

All Property Types

Median Contract Price of Contract Sales

Median Contract Price of Contract Sales by Property Type

Data for All Property Types

Historical Median Sales Price of Contract Sales in Nassau County

Average Contract Price of Contract Sales

Average Contract Price of Contract Sales by Property Type

Data for All Property Types

$489,697 $494,427 $483,291

Historical Average Contract Price of Contract Sales in Nassau County

All Property Types

Pct. of Original List Price Received at Sale

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

Data for All Property Types

All Property Types

Housing Affordability Index

Data for All Property Types

Housing Affordability Indices by Property Type

Historical Housing Affordability Index for Nassau County

All Property Types

Contract Sales by Property Type

Data for All Property Types

Historical Contract Sales in Nassau County

All Property Types

Closed Sales by Property Type

Data for All Property Types

Historical Closed Sales in Nassau County

All Property Types

Closed Home Sales by Price Range

$200,000 and below

$700,001 and above

Active Inventory of Homes for Sale

Inventory of Homes for Sale by Property Type

Data for All Date Ranges

Historical Inventory in Nassau County

All Property Types

Months Supply of Inventory

Months Supply of Inventory by Property Type

Data for All Date Ranges

Historical Months Supply of Inventory in Nassau County

All Property Types

You might also like