March Real Estate Homes Sold North Fork East End, Long Island NY

April 1st, 2009 category: Real Estate News

The following information includes reported home sales (closed) on the North fork of Long Island, NY for March, 2009. All information obtained from MLSLI, and while deemed reliable, is not guaranteed. The type in bold indicates sold pricing- first # is listed price.

Aquebogue, NY:
Sold: 1
$399k-$337.5k

Baiting Hollow, NY:
Sold: 2
$449k, $435k; $549k, $470k

Calverton, NY:
Sold: 1
$72.5k, $63k

East Marion, NY:
Sold: 1
$479,9k, $460k

Greenport, NY:
Sold: 4
$239,9k, $235,9k; $295k, $255k; $599k, $450k; $795k, $690k

Laurel, NY:
Sold: 1
$1.99m, $950k

Mattituck, NY:
Sold: 3
$349,9k, $310k; $549k, $530k; $995k, $895k

Peconic, NY:
Sold: 1
$399k, $375k

Riverhead, NY:
Sold: 5
$120k, $105k; $134k, $134k; $149,9k,$100k; $319,9k, $278k; $649k, $554,9k

South Jamesport
Sold: 1
$399k, $330k

Southold, NY:
Sold: 3
$349,9k, $352k; $417,4k, $399k; $685k, $655k

Using the same criteria (towns), below is a comparison of March, 2009 to March 2008:

Total sold, March 2009: 23
Total sold, March 2008: 31

Median sold price March, 2009: $375k
Median sold price March, 2008: $430k

Median % difference from asking to sold price, March 2009: -12.5%
Median % difference from asking to sold price, March 2008: -7.4 %

Sold differential: volume is down approx 22.5% from 2008
Sold median pricing differential: down approx. 11% from 2008

There were 4 bank owned (REO) properties closed in March, 2009 on the North fork of Long Island, which is

17% of the total number of properties reported closed.

UNDER CONTRACT/NOT CLOSED PROPERTIES MARCH 1 THROUGH MARCH 31, 2009: 30
UNDER CONTRACT PROPERTIES MARCH 1 THROUGH MARCH 31, 2008: 51

Under contract activity differential: – approx. -39.8%

This entry was posted on Wednesday, April 1st, 2009 at 3:37 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.

Quick Search

Links