East End Sales Statistics
Courtesy of LIRealEstateReport.com
Week Ending 02/20/09 02/19/10
Number of Sales 17 75
Total $ Amount $17,027,220 $93,384,952
Median Price $ 547,000 $ 760,000
Average Price $ 1,001,601 $ 1,245,133
YOY that’s an increase of:
– over 400% on Number of Sales
– over 500% on Total $ Amount
– nearly 39% Median Price and
– 25% Average Price
This is a weekly report, however sales have been up in recent weeks as well, signifying a positive sales trend.
THAT is significant…but will it last?
* Note – REPORTED sales means that these sales were publicly released by Suffolk County and reported by various agencies, including LIRealEstateReport.com, this week.
These sales actually closed previous to this week; 22 closing in the last few months of 2009 and 53 closing in January 2010.
Those closing were the result of “deals” or “accepted offers” that usually took place 60-90 days or more before.
Therefore, for the most part, these sales reflect the market activity in Sept/Oct 2009.