Sale of condo & co-op show improvement over last year. Inventory level is high except condo.
Inventory as at 05/06/10:
10 units of 2-family - median asking price $739,000 (30 months supply)*
29 units of 1-family - median asking price $595,000 (17 months supply)*
17 units of condo - median asking price $319,000 (7 months supply)*
179 units of co-op - median asking price $189,000 (19 months supply)*
*Based on the closings in the first quarter 2010.
Units closed in the first quarter 2010:
1 units of 2-family - median selling price $500,000
5 units of 1 family - median selling price $440,000
7 units of condo - median selling price $270,000
28 units of co-op - median selling price $164,000
Units closed in the first quarter 2009:
2 units of 2-family - median selling price $585,000
4 units of 1-family - median selling price $467,500
0 unit of condo - median selling price $195,000
8 units of co-op - median selling price $184,000
Source: MLS of Long Island
Disclaimer: Data represented transactions reported to MLS only, it didn't reflect all transactions in the area.
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