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Pre-Foreclosure Report for the East End of Long Island

February 23rd, 2009 category: Uncategorized

The following data was collected from the Real Estate Report.

The information includes all lis pendens filed on the east end of Long Island from January 1, 2009 through February 22, 2009:

AMAGANSETT, NY: 4

BAITING HOLLOW, NY: 2

BRIDGEHAMPTON, NY: 4

GREENPORT, NY: 4

HAMPTON BAYS, NY: 6

JAMESPORT, NY: 2

MATTITUCK, NY: 1

MONTAUK, NY: 3

RIVERHEAD, NY: 5

SOUTHAMPTON, NY: 4

SOUTHOLD, NY: 3

WESTHAMPTON BEACH, NY: 3

CUTCHOGUE, NY: 1

EAST HAMPTON, NY: 7

EASTPORT, NY: 1

EAST QUOGUE, NY: 3

QUOGUE, NY: 2

REMSENBURG, NY: 1

WESTHAMPTON, NY: 7

CALVERTON, NY: 2

EAST MARION, NY: 1

SAG HARBOR, NY: 5

FLANDERS, NY: 2

WADING RIVER, NY: 3

MEDIAN LIS PENDENS MORTGAGE: $530,500*

AVERAGE LIS PENDENS MORTGAGE: $702,339*

*FOR THE WEEK OF FEBRUARY 20

Year-to-date figures indicate trouble brewing in the Hamptons, with those townships exceeding lis pendens over the North fork. East Hampton and Westhampton have the highest figures, followed by Hampton Bays, Sag Harbor, and Riverhead. If you are selling a property in any of these areas, be sure to check with your listing company to make sure that your home is in the MLSLI- full exposure is essential.

A recent Bloomberg article appears here, offering some insight as to trends to expect either as a high end home seller, or buyer.

If you are considering selling your home (and must), call us for a reality check- you’ll need the most current information available.

If you are considering buying a home on the east end of Long Island, click on “north fork homes.” While the majority of Hamptons listings are inexplicably missing from the MLSLI, distressed properties appear to warrant the exposure, so you’ll find some of the more interesting offerings there, with the North fork showing the lions share of available properties.

Hmmm…maybe the mlsli (multi list service of Long Island) offers a better venue for sellers than existing alternatives that are in areas with the highest number of pre-foreclosures…

Something for east end brokers to think about.

To search available homes for sale on the North Fork / East End Long Island or condos 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 Monday, February 23rd, 2009 at 2:32 pm and is filed under Uncategorized. 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.