Market Report, East End, Long Island NY

January 15th, 2009 category: Real Estate News

The following press release is a year end (2008) market report for the east end of Long Island (North fork, Hamptons). It was compiled by George R. Simpson, owner of Suffolk Research Services, Inc.

As the oldest research service available in the Hamptons, Suffolk Research Services provides data used by developers and real estate companies. They are located in Hampton Bays, New York.

In addition to market reports, Mr. Simpson offers seller consulting services, and can be reached at: 631-357-9502.

According to George R. Simpson, President of Suffolk Research Service, Inc. the real estate market on the East End of Long Island declined in Median Price, Unit Sales, and Dollar sales for the year 2008 vs 2007.

Mr. Simpson said that the Median Price of single family residences for East End Real Estate decreased 12.2% from $740,000 in 2007 to $650,000 for twelve months of 2008 — (Median Price is the middle price when all houses sold are listed in order of price).

2008 Median Prices for Single Family Residential Houses has declined from 2007 in the all the towns on the East End except in Shelter Island — to $799,900 in Southampton – (down 13.5%); $995,000 in East Hampton – (down 9.5%); $409,693 in Riverhead (down 5.3%); and to $500,000 in Southold (down 4.8%). Prices rose 1.3% to $962,500 in Shelter Island.

To check out all available properties on the North Fork of Long Island, click “north fork homes”, enter your area of interest and any parameters, and click “go”- properties for sale include Riverhead, Aquebogue, Baiting Hollow, Calverton, Jamesport, Laurel, Mattituck, Cutchogue, Peconic, Southold, Greenport, East Marion, Orient, and Orient Point, NY.

This entry was posted on Thursday, January 15th, 2009 at 11:01 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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