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Retirement Condos- North Fork, Long Island Report

December 30th, 2007 category: Real Estate News, Riverhead Real Estate, Southold Real Estate

Best wishes for a healthy and peaceful 2008!

In the interest of those looking for condominiums on the North Fork of Long Island, the following is a market report, with information obtained from MLS Long Island www.mlsli.com. Consult with your real estate agent to confirm figures and receive the most current information. We are in a changing market.

Aquebogue, New York condominium sales Jan. 2007- Dec. 2007 BY COMMUNITY:

Silver Village: 2 sold; average price: $494,000. One 3 bed/2 bath; one 2 bed/3 bath. Common charges for this community are in the $223/month range. There are currently 4 homes available, ranging in price from $365k to $485k.

Baiting Hollow, New York condominium sales Jan.2007-Dec.2007 BY COMMUNITY:

The Bluffs: 5 sold; average price: $409,600. All sold were 2 bed/2bath. Common charges monthly range from $295-314.00. There are currently 12 homes for sale, ranging in price from $299k-479k.

The Knolls: 2 sold; average price: $384,500. Both sold were 2 bed/2 bath. Common charges monthly range from $295-350.00. There are currently 7 homes for sale, ranging in price from $369k-650k.

Calverton, New York condominium sales Jan. 2007- Dec. 2007 BY COMMUNITY:

Windcrest East: 7 sold; average price: $548,400. All sold were 3 bed/3bath. This is a community of independent condominiums- no attached neighbors. Common charges monthly are $211.00. There are currently 4 homes for sale, ranging in price from $589k-619k.

EAST MARION, NEW YORK condominium sales Jan. 2007-Dec.2007 BY COMMUNITY:

Cleaves Point: 3 sold; average price: $840,000. for 2 bed/2.5 bath; $500,000. for 2 bed/1 bath. Common charges range in the mid 500’s monthly. There is currently 1 home for sale in Cleaves Point, offered at $865k.

SOUTHOLD, NEW YORK condominium sales Jan.2007-Dec.2007 BY COMMUNITY:

Founders Village: 5 sold; average price: $374,300.- all have 2 bed/2 bath. Common charges range from $220-240/month. There are currently 2 homes available for $349k, and 345k.

GREENPORT, NEW YORK condominium sales Jan.2007-Dec.2007 BY COMMUNITY:

Sterling Cove: 1 sold; closed price was $699,000. Common charges are in the mid $400’s/month. There are currently no homes for sale.

Pheasant Run: 1 sold; closed price was $350,000. Common charges are approx. $300./month. There is currently 1 home for sale at $429,000.

RIVERHEAD, NEW YORK condominium sales Jan.2007-Dec.2007 BY COMMUNITY:

Mill Pond: 13 sold; closed price averaged $304,500.00. Common charges are approx. $187./month. Closed homes had 2 bed and 1.5-2 baths. There are currently 8 homes for sale, ranging in price from $285,000. to $349,000.

Willow Ponds: 3 sold; closed price averaged $320,000. Common charges are approx. $220-280/month. Closed homes had 2 bed and 1.5-2 baths. There are currently 6 homes for sale, ranging in price from $369,900. to $525,000.

Stoneleigh Woods: there are currently 2 homes for sale, priced at $365k and $375k. Common charges are approx. $250/month. The home has 2 bed/2.5 baths.

Sunken Pond: 5 homes sold; closed price averaged $361,700. Common charges are approx. $260/month. Homes sold had 2 bed/2-2.5 baths. There are currently 3 homes for sale, priced from $350k-410k.

Saddle Lakes: 4 homes sold; closed price averaged $459,500. Common charges are approx. $280./month. There is currently 1 home for sale, priced at $395k.

We’d love to help you with your second home/retirement plans. Contact us: stark@optionsrealty, or call 631-727-2227 for additional information on all retirement/second home possibilities on the North Fork!

If you are thinking about selling a condo in the North Fork, we’d love to talk with you. We have interested clients seeking condominium living- let’s talk! Contact laurie@optionsrealty.com, or call 631-727-2227.

HAVE A SAFE AND HAPPY 2008!