Comparison of 2008 to earlier years. Period is from 01/01 – 07/15 for each year.

2008

Total Properties Sold: 337
Avg Days on Market: 98
Average Sales Price: $685,826
Average Final List Price: $705,037
Average Original List Price $716,169
Lowest Price: $237,000
Median Price: $590,000
Highest Price: $2,350,000
Average Price: $685,826
Total Market Volume: $231,123,500

2007

Total Properties Sold: 333
Avg. Days on Market: 106
Average Sales Price: $678,090
Average Final List Price: $700,312
Average Original List Price: $718,454
Lowest Price: $183,687
Median Price: $565,000
Highest Price: $2,947,000
Average Price: $678,090
Total Market Volume: $225,803,948

2006

Total Properties Sold: 284
Average Sales Price: $660,308
Average Final List Price: $678,942
Average Original List Price: $696,865
Lowest Price: $175,000
Median Price: $523,000
Highest Price: $3,612,500
Average Price: $660,308
Total Market Volume: $187,527,396

2005

Total Properties Sold: 318
Average Sales Price: $610,451
Average Final List Price: $616,916
Average Original List Price: $628,441
Lowest Price: $200,000
Median Price: $499,000
Highest Price: $2,650,000
Average Price: $610,451
Total Market Volume: $194,123,320

Regarding the highest-priced sales, here are some details on all sales higher than $2 million:

2005: two single-family homes sold for between $2.6 and $2.65 million and another for $2 million.
2006: a condo at Atelier 505 sold for $3.2 million and another for $2.85 million and two single-family homes sold for between $3.1 and $3.6 million and another for $2.6 million.
2007: six single-family homes sold for between $2 and $2.5 million and two condos at Atelier 505 in the same price range, and a single-family home sold for $2.9 million.
2008: there were only two $2 million+ sales during this year, a single-family home for $2.25 million and a condo at Gateway Terrace for $2.35 million.

Not all sales show up in the local multiple listing service. For example, many new developments completely bypass the system, selling directly to buyers. The only way to get a completely-accurate picture of sales is to track them through the Suffolk Deeds’ website. (The Warren Group also collects this data and makes it available, on a regular schedule.)

Source: Multiple Listing Service Property Information Network, Inc., for the period January 1 – July 15, 2005, 2006, 2007, and 2008

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