Homes Sold on the North Fork- First Quarter 2008 Results

April 1st, 2008 category: Real Estate News

The following report, with information gathered from the MLSLI, is a look at first quarter results on the North Fork. * indicates CLOSED pricing- if not closed, the figures represent asking prices. The properties shown are single family homes; these figures do not include mobile homes, condos or seasonal cottages.

AQUEBOGUE
Sold: 3
Pricing: $300k*, $345,5k, $360k*
Average Days on Market (DOM): 254
Closed properties: 2

BAITING HOLLOW
Sold:10
Pricing: $299k, $399k, $368k*, $409k*,$439k, $449k, $449k, $485k*, $599,7k, $995k
DOM: 114.6
Closed properties: 3

CALVERTON
Sold:4
Pricing: $299k, $350k*, $389,9k, $649,9k
DOM: 107.25
Closed properties: 1

JAMESPORT
Sold:7
Pricing: $435k*, $480k*,$430k*, $599k, $599k, $800k*, $999,7k
DOM: 156.43
Closed properties:4

RIVERHEAD
Sold:23
Pricing: $150k*, $170k, $210k*, $239k, $239k, $249,9k, $275,9K, $275,9k, $310k, $324,9k, $349k, $349,9k, $349,9k, $350k, $353,9k*, $379k, $390k, $427,9k, $449,9k, $469k, $599,9k, $649,9k, $699,9k
DOM:150.04
Closed properties:3

CUTCHOGUE
Sold: 9
Pricing: $318k*,$389k, $549k, $795k, $799k, $1,099m, $1,179m*, $1,995m, $2,010m*
DOM:164.22
Closed properties:3

EAST MARION
Sold: 4
Pricing: $280k, $499k, $545k*, $848,2k*
DOM: 164
Closed properties: 2

GREENPORT
Sold: 5
Pricing: $389k, $409k, $485k, $489,9K, $939k
DOM: 161.40
Closed properties: 0

LAUREL
Sold: 3
Pricing: $440k*, $475k, $500k*
DOM: 241.67
Closed properties: 2

MATTITUCK
Sold: 8
Pricing: $349k, $449k, $495k*, $525k, $589k, $769k, $799k, $799k, $995k
DOM: 92 *(excepted: one home was on the market for 772 days. Not included in stats)
Closed properties: 1

NASSAU POINT
Sold: 1
Pricing: $1,999m
DOM: 170
Closed properties: 0

NEW SUFFOLK
Sold: 1
Pricing: $525k
DOM: 159
Closed properties: 0

ORIENT
Sold: 3
Pricing: $446k, $779k, $2,395m
DOM: 126.33
Closed properties: 0

PECONIC
Sold: 1
Pricing: $1,275m
DOM: 36
Closed properties: 0

SOUTHOLD
Sold: 24
Pricing: $435k*, $499k, $490k*, $499k, $499k, $515k, $450k*, $535k*, $525k, $535k, $599k, $599k, $625k, $649k, $675k, $699k, $699,8k, $790k, $799k, $998,8k, $1,399m, $1,995m, $1,999m, $3,300m*
DOM: 192.58
Closed properties: 5

Total North Fork closed properties from Jan.01,2008 through March 31, 2008: 26

Total North Fork under contract/not closed properties from Jan.01,2008 through March 31, 2008: 80

While the first two months of the year were relatively quiet, the market began to pick up steam in mid-February. While homes above 1 million are accumulating, the “season” has begun on the North Fork, so this inventory may well see a change of significance in the next few months.

We’ll keep you updated!

For an in-depth look at properties, please click on Homes for Sale. This will bring you to available properties on the MLSLI. If you have a property-specific curiosity, the “Market Snapshot” will provide in-depth analysis. Additionally, we are always available for your questions. 631-727-2227

This entry was posted on Tuesday, April 1st, 2008 at 3:58 pm and is filed under Real Estate News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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