Condo Sales for May on The North Fork

June 2nd, 2008 category: Real Estate News

The first set of figures offer all villages/towns/hamlets in which a condo was put under contract from May 1-May 31, 2008.

The second set of figures indicate available condo properties on the North fork of Long Island, as indicated in the MLSLI.

Total Condos Under Contract: 4

Baiting Hollow: 1 Fox Hill; $345k
East Marion: 1 Cleaves Point; $849k
Riverhead: 2 Willow pond: $346k*; Sunken Pond: $399,9k

*indicates CLOSED pricing.

Total Available Condominiums: 78 (TO VIEW, CLICK ON THE NORTH FORK CONDOS TAB)

AQUEBOGUE:

Silver Village (1)- price: $389,9k

BAITING HOLLOW:

The Bluffs (5)- price range: $299k-$549k
The Knolls (9)- price range: $359k-$455k

CALVERTON:

Calverton Hills (6)- price range: $144,9k-$210k
Foxwood Village (12)- price range: $159k-$375k
Windcrest East (5)- price range: $554,9k-$619k

GREENPORT:
Driftwood Cove (co-op) (3) price range: $170k-$199k
Sterling Harbor (co-op) (2) price range: $449k-749k

 

 

JAMESPORT:

Maidstone Landing (9) price range: $775k-$1,085m

RIVERHEAD:

Mill Pond: (6) price range: $282k-$309k
Willow Ponds: (14) price range: $289,9k-$485k
The Highlands: (1) price range: $574,9k

SOUTHOLD:

Colonial Village (co-ops) (3) price range: $187,8k-279k
Founders Village: (1) price range: $369k
The Cove: (1): $1,025m

To view available properties, please go to “North fork Condos” or simply click here.

For analysis of your own property, please email us- we’ll provide any requested information as available.

On our site, we also provide a very user friendly market analysis tool that is updated every day. Try it! Market SnapShot. It’s easy. Just sign up on the right hand side of this page using the Market Snapshot Widget that looks like this picture to the right.

Sellers, many buyers looking for potential retirement properties are in the process of selling their own homes.

The frustration that they are undergoing, with a limited buyer pool themselves (largely due to lending restrictions- bad for the short term/good for the long term) is much like your own.

Buyers, there are loan programs available that offer 3% down. Interest rates are good (as of this writing, in the 6.25-6.5 range). FHA is now a viable program for most, affording some flexibility (terrific for first time buyers). Before you make the decision to wait it out, keep in mind that payments are determined through a combination of interest rate and purchase price.

An uptick in interest rates could eradicate a short term price decline by actually making the payment HIGHER, despite what appears to be a terrific price.

We need first time buyers to release retirement home buyers- until then, the condo market will remain quiet for sellers- that, or offering only priced-to-sell condos. For now.

See your lender before deciding either way- as properties remain on the market, there are opportunities.

• The information in this report was obtained from MLSLI, and while deemed accurate, is subject to error.

All Photography and Content: Copyright 2008 Options Realty.

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This entry was posted on Monday, June 2nd, 2008 at 12:01 am 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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