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| City: Shoreham | December 2015 |
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| Property Type: Single Family Home | Price $0 to $999,999,000 |
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| Trending Versus*: | Trending Versus*: |
| Market Profile & Trends Overview | Month | LM | L3M | PYM | LY | YTD | PriorYTD | PriorYear |
| Median List Price of all Current Listings | $420,000 | -9% | | -11% | | | | |
| Average List Price of all Current Listings | $510,447 | -2% | | 4% | | | | |
| December Median Sales Price | $432,500 | 13% | 3% | 63% | 30% | $391,000 | 19% | 18% |
| December Average Sales Price | $403,000 | 12% | 6% | 23% | 16% | $395,010 | 14% | 13% |
| Total Properties Currently for Sale (Inventory) | 37 | -24% | | -29% | | | | |
| December Number of Properties Sold | 4 | -33% | | -20% | | 60 | 28% | |
| December Average Days on Market (Solds) | 177 | 116% | 79% | 84% | 34% | 101 | -24% | -23% |
| December Month's Supply of Inventory | 9.3 | 13% | 13% | -11% | -54% | 19.0 | -6% | -6% |
| December Sale Price vs List Price Ratio | 94.8% | -3.0% | -1% | 1% | -1.0% | 95.9% | 0.0% | 0.0% |
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date | Arrows indicate if values are higher (up), lower (down) or unchanged (flat) |
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| To View Recently Sold Homes and Additional Information, Click Here. |
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| Property Sales |
| December property sales were 4, down from5 in December of 2014 and -33.3% lower than the 6 sales last month. December 2015sales were at a mid level compared to December of 2014 and 2013. December YTD sales of 60 are running 27.7% ahead of last year's year-to-date sales of 47. |
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| Prices |
| The median sales price in December was $432,500, up 63.2% from $265,000 in December of 2014 and up 12.9% from $383,250 last month. The average sales price in December was $403,000, up 22.8% from $328,100 in December of 2014 and up 12.1% from $359,417 last month. December 2015 ASP was at a mid range compared to December of 2014 and 2013. |
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| Inventory & MSI |
The total inventory of properties available for sale as of December was 37, down -24.5% from 49 last month and down -28.8% from 52 in December of last year. December 2015 Inventory was at the lowest level compared to December of 2014 and 2013.
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The December 2015 MSI of 9.3 months was at its lowest level compared with December of 2014 and 2013. |
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| 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 177, up from 82 days last month and up from 96 days in December of last year. The December 2015DOM was at a mid range compared with December of 2014 and 2013. |
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| 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 2015 selling price vs list price of 94.8% was down from 97.7% last month and up from 93.4% in December of last year. |
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| 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 2015 was 3, equal to 3 last month and down -70.0% from 10 in December of last year. |
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© 2016 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 2/18/2008 through 12/31/2015. 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. This information will expire 30 days from when it was generated. |   |
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