Homes Under Contract / Homes Sold – North Fork, LI

October 6th, 2009 category: Real Estate News

OLD LOCKThe following information is gathered from the Multiple Listing Service of Long Island. While deemed worthy of trends, not all closed information is available (private, non mls sales are not included in the figures).

CLOSED HOMES, NORTH FORK LONG ISLAND SEPTEMBER 2009:
Total closed: 30
Median closed price: 402,500.
Most active towns/villages: Baiting Hollow, Riverhead, and Greenport

CLOSED HOMES, NORTH FORK LONG ISLAND SEPTEMBER 2008:
Total closed: 35
Median closed price: 605,000.
Most active towns/villages: Southold, Mattituck, Cutchogue

UNDER CONTRACT HOMES, NORTH FORK, LONG ISLAND SEPTEMBER 2009:
Total under contract: 46
Median listed price: 437,000

UNDER CONTRACT HOMES, NORTH FORK, LONG ISLAND SEPTEMBER 2008:
Total under contract: 31
Median listed price: 549,000.

Contract activity has jumped year over year, while pricing demonstrates the segment seeing the most activity- properties under $500,000 continue to lead the pack.

This has been the trend over the course of the summer, and might well provide a good foundation for an east end “starting point”, as pricing reaches levels obtainable for many shut out of the market when the under-$500k offerings were more limited.

This report includes the following towns/villages, and includes single family homes only: Riverhead, Baiting Hollow, Jamesport, S. Jamesport, Laurel, Mattituck, Peconic, Cutchogue, Southold, Greenport, E. Marion, Orient, and Orient Point, NY.

If you are looking for a home or bank owned foreclosure for sale on the North Fork / East End / Hamptons of Long Island, please fill out the form below.

This entry was posted on Tuesday, October 6th, 2009 at 10:34 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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