North Fork Sales Figures Keep Pace with 2008

June 12th, 2009 category: Real Estate News

A quick update of homes under contract on the North Fork of Long Island:

For the month of June (through the 12th), homes under contract are keeping pace with sales figures last year.

The following numbers indicate reason for optimism on the North Fork of Long Island:

Total homes under contract 6/1/2009- 6/12/2009: 17*

Median listed price: $399k

Total homes under contract 6/1/2008- 6/12/2008: 17*

Median sold price: $528,700.

(we knew pricing had dropped, but the above figure is impacted by a high end sale being reported twice in 2008).

Southold has lead the pack in sales, reporting 6 homes under contract for June to date, followed by Mattituck, Cutchogue, Calverton, and Aquebogue, reporting 2 each.

It will be interesting to see how the final numbers come in for June- while 2008 had a few more homes in excess of the $1 million dollar mark, Southold has actually doubled the figure of homes put under contract this year over last.

If the upper end provides a few more high end purchases, the median numbers will rise- we’ll let you know at the end of the month!

*the towns included are Riverhead, Calverton, Aquebogue, Jamesport, S. Jamesport, Laurel, Mattituck, Cutchogue, Southold, Peconic, Greenport, East Marion, Orient, Orient point. All figures provided by the MLSLI; while deemed reliable, no guarantees.

This entry was posted on Friday, June 12th, 2009 at 10:21 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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