New York             SFR and Co-ops/condos/townhomes

Suffolk County

2008 YTD Closings  = 14,232         Avg. Sale= $437.8K      Days on Market= 129

2007(same period) = 18,790         Avg. Sale= $480.3K      Days on Market= 116

    - 24.2%                                             - 8.8%

Nassau County

2008 YTD Closings  = 13560          Avg. Sale= $595K         Days on Market= 119

2007(same period) = 17,442         Avg. Sale= $600K         Days on Market= 111

    -22.2%

Queens County

2008 YTD Closings  = 11,556         Avg. Sale= $451.3K      Days on Market= 102

2007(same period) = 14,696         Avg. Sale= $487.3K      Days on Market= 94

   -21.3%                                              - 7.3%

Markets              # Sold                          Avg. Sale                   Days on Market

                     2008      2007            2008           2007              2008       2007

Coram            334       482         264.4k     297.4k          130       106

Dix Hills          296       342         704.4k     819.9k          111       117

E.Hampton       18         14          1.12M      3.03M           216       125

E. Meadow       384      410          429.6k     456.3k           91         95

Hampton Bays 176      188          517.3k     528.1k          173       137

Mastic&Beach   342      496          207.1k     270.3k          109       133

Medford          284      362          304.7k     353k             113       121

Melville           198      210          692.3k     721.3k          130        98

Middle Island  202      284          232.8k     260.9k           140      142

Port Jeff Sta.   312      356         326.1k     358.7k           120       113

Rocky Point    158      284          301.8k     298.8k           144       138

Sayville          170     182           473.2k    438k              119       118

Yaphank         50       86           316.2k    329.7k            112       109

Suffolk County

Inventory =  14,210

YTD 2007 Closings =  21,976     Avg. Sale =  477.6K    DOM = 117

LY 2006 Closings   =  26,410     Avg. Sale =  458.2K    DOM =  91 

Sales are down 16.79% and taking 26 more days to contract 

November sales:

2007:  1,458  @ 443.4K   DOM = 121

2006:  2,430  @ 455.9K   DOM = 102 

November sales are down 40% 

Market                        Inventory          YTD 2007 Sold   2006 Sold    Change(%)

Medford                      296                    450           642             -30%

Coram                        324                    566           662             -15%

Patchogue                   346                    474           506             -6%

Port Jeff Sta.               243                    424           536              -21%

Middle Island              217                    342           490              -30%

Smithtown                  261                     608           630              -4%

Holbrook                    144                     390           466              -16% 

 The sales  and inventory include coops, condos and townhouses and the figures reflect only listed properties.

Suffolk County, NY Stats        (as of 9am 11/01/2007)

             Residential and Co-ops/Condos/Townhouses 

Available Inventory = 14,692  

YTD          Closed Sales           $           DOM     

2007           20,282              480.2k       116      

2006           24,108              458.2k        90 

Sales are down  =     -15.9%

Price was up =          +4.8% 

It took 26 more days from listing to contract 

October Sales:

2007      1656  @ 470.7k     DOM= 123

2006      2610  @ 451.3k     DOM= 97

Sales are down =    -36.5% 

Price is up =            +4.3% 

Days from listing to contract increased 26 days 

Although the average price increased for the county, the local cities dictated the housing prices. 

As an example:

Medford,NY  (400+ sales)  year-to-date sold price was 335.6k as compared to last years 349.9k which is a decrease of 4%.

Holbrook,NY (350 sales)  year-to-date sold price was 413.4k compared to last years 405.2k which was an increase of 2%.

Jan. 1, 2007 through Sept. 1, 2007

Closed= 352

Average days on the market= 131

August sales= 54

Jan. 1, 2006 through Sept. 1, 2006

Closed= 366

Average days on the market= 84

August sales= 58

                                                             Sales are down approximately 4% 

Medford:

January 1, 2007 through Sept. 1, 2007 

Closed= 330 

Avg. Days on the Market= 115

August Sales= 70

January 1, 2006 through Sept. 1, 2006 

Closed= 474 

Avg. Days on the Market= 96

August Sales= 68 

                                                    Sales are down approximately 30% year - to - date 

Jan.1- Dec.30

Suffolk                             2006                      2005            +/-

Listings Taken            35,819            19,303      +85.6%

# of Sales                  27,872            32,384       -13.9%

Avg. List $                  540.2K            496.5K

Avg. $ Sold                 457.1K            447.9K      +2.0%

DOM                           92                   77

Nassau                           2006                    2005             +/-

Listings Taken           27,613          15,431     +78.9$                            

#of Sales                  23,320          26,158      -10.8%             

Avg. List $                 697.4K          679.0K         

Avg. $ Sold                607.7K          598.3K      +1.6%                           

DOM                          86                  74

I just did a search on MLS and the Sales in Suffolk County  for single family homes are down from last year by 30%. The numbers were:    

•  last year Dec. sales to date = 2,024
• This year Dec. sales to date = 1,408

Price of Homes are down 1.64% and it's taken 28 days longer from listing to contract.

I was at a Brokers open house yesterday, and while previewing the co-op, the agent was at the homeowners desktop computer and called out to me. She asked if I knew how to print out copies of the listing to give out. I asked her if she was allowed to use the homeowners computer and she said "I don't think she would mind", she then proceeded to make several copies and started to rummage through the room for copier paper. As I finished and filling out her opinion survey, she asked if the pizza was still hot. I replied it's fine, she then took the rest of the pie, put it in the oven and heated it up. She said she isn't the type of person that would serve cold pizza.

What kind of person is she? Also the listing was the second highest out of 8 comparables.

I'm hoping that the visiting public to this post will respond to a quick survey.

1. When an agent makes his/her listing consultation for your listing, are you more impressed with a laptop presentation or not?

2. Why are you really delaying an answer to list today?

3.  Are you more apt to list with someone who sends you letters and postcards or someone unknown coming from a well known agency?

I'd appreciate your candid response.

I received an e-mail article this morning regarding Foreclosures on the National and New York level.

The news came from the staff at Realty Trac and the info is dated November 17, 2006.

The headline read: Foreclosures Surpass 1 Million Mark

Foreclosures increases 45% from the October 2005 mark.

NEW YORK:

Notice of foreclosure sale= 998

Lis Pendens= 3087

REO's 220

The percent change from September 2006= +18.86%

The percent change from October 2005= +21.4%