East End of Long Island Foreclosure Update

July 18th, 2008 category: Real Estate News

I meant to link to this on my Pre-Foreclosure blog yesterday.

It’s a pretty good article that is fairly on target regarding the current foreclosure market here on the East End of Long Island.

The title of the post is,

Hamptons House Prices Fall Amid Wall Street’s Decline
By Sharon L. Lynch and Laura Marcinek

July 16 (Bloomberg)

“Second-quarter sales volume dropped 29 percent and the median price fell 11 percent to $735,000 from a year earlier in the resort communities on the East End of New York’s Long Island …”

“In Southold, prices fell 8 percent to $507,500 and sales dropped 19 percent.”

Read the entire article by Sharon L. Lynch and Laura Marcinek here.

This entry was posted on Friday, July 18th, 2008 at 7:34 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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