2009 November | North Fork, Long Island, NY Real Estate Blog OptionsRealty.com

Archive for November, 2009

HOMES SOLD/HOMES FOR SALE MARKET REPORT EAST END, LONG ISLAND

November 30th, 2009 category: Real Estate NewsNo Comments »

While we’re a month shy of an end to 2009, the following information is data collected from the Multiple Listing Service of Long Island, providing homes sold, and homes available for sale, on the North fork of Long Island.

Offered is a YEAR TO DATE compilation, so numbers provided include homes sold between JAN 1, 2009 through November 29, 2009.
Additionally, homes currently available in each town/village are provided.

AQUEBOGUE, NY HOMES SOLD/HOMES FOR SALE:

Homes available for sale: 64
SOLD year to date: 12
Median sold price: $344,750
Average sold price: $ 574,900

BAITING HOLLOW, NY HOMES SOLD/HOMES FOR SALE:

Homes available for sale: 45
SOLD year to date: 35
Median sold price: $385,000
Average sold price: $377,813

CALVERTON, NY HOMES SOLD/HOMES FOR SALE:

Homes available for sale: 75
SOLD year to date: 17
Median sold price: $174,500
Average sold price: $191,206

CUTCHOGUE, NY HOMES SOLD/HOMES FOR SALE:

Homes available for sale: 54
SOLD year to date: 22
Median sold price: $515,000
Average sold price: $833,000

EAST MARION, NY HOMES SOLD/HOMES FOR SALE:

Homes available for sale: 24
SOLD year to date: 8
Median sold price: $461,250
Average sold price: $665,313

GREENPORT, NY HOMES SOLD/HOMES FOR SALE:

Homes available for sale: 41
SOLD year to date: 30
Median sold price: $368,750
Average sold price: $478,193

JAMESPORT, NY HOMES SOLD/HOMES FOR SALE:

Homes available for sale: 27
SOLD year to date: 11
Median sold price: $393,000
Average sold price: $415,409

LAUREL, NY HOMES SOLD/HOMES FOR SALE:

Homes available for sale: 17
SOLD year to date: 8
Median sold price: $532,500.
Average sold price: $649,688.

MATTITUCK, NY HOMES SOLD/HOMES FOR SALE:

Homes available for sale: 58
SOLD year to date: 58
Median sold price: $405,000
Average sold price: $510,503

NEW SUFFOLK, NY HOMES SOLD/HOMES FOR SALE:

Homes available for sale: 17
SOLD year to date: 5
Median sold price: $2,950,000
Average sold price: $2,105,000

ORIENT, NY HOMES SOLD/HOMES FOR SALE:

Homes available for sale: 16
SOLD year to date: 8
Median sold price: $814,500
Average sold price: $1,123,625

PECONIC, NY HOMES SOLD/HOMES FOR SALE:

Homes available: 12
SOLD year to date: 4
Median sold price: $482,500
Average sold price: $504,000

RIVERHEAD, NY HOMES SOLD/HOMES FOR SALE:

Homes available: 175
SOLD year to date: 64
Median sold price: $278,000
Average sold price: $284,578

SOUTHOLD, NY HOMES SOLD/HOMES FOR SALE:

Homes available: 134
SOLD year to date: 52
Median sold price: $527,500
Average sold price: $ 590,888

To search for condos on the East end (North fork, Hamptons) of long island, click HERE.

To search for single family homes on the East end (North fork, Hamptons) of Long Island, click HERE.

To search for FORECLOSURES/REOS on the East end (North fork, Hamptons) of Long Island, click HERE.

East End, Long Island Holiday Safety Tips

November 27th, 2009 category: Real Estate NewsNo Comments »

Now that Thanksgiving is here, I find myself planning for lights in and around the house.

While the prospect of getting on a ladder to clip lights on the exterior of the house is not an endeavor to be relished, furthest from my mind were the safety elements of such a traditional endeavor.

I guess we’re lucky that no one has used the wrong ladder, or taken a spill!

In addition to the physical exhertion that requires care, the following article is demonstrative the awareness that we all should keep in mind over the course of the season:

http://esfi.org/files/u1/Holiday_Decorating_Safety.pdf

Here’s to a safe and happy decorating season. Still not sure if the lights requiring a ladder will find their way up this year…

If you are in the process of selling your home, a spotlight on the sign might be nice (they can be found in different colors) but in some cases, less is more. Unlit lights, visible in daylight, tend to be a bit less attractive than a night time display. Additionally, taking care to place inside decorations in such a way as to keep the space itself from feeling cramped might offer a bit more to potential buyers seeking to visualize themselves in your home.

Sometimes, a little less can be a whole lot more…

Foreclosure / REO / Bank Owned in Westhampton Beach, Long Island NY

November 13th, 2009 category: East End LI Foreclosures2 Comments »

Foreclosure opportunity in the Hamptons, Long Island, NY! Seeking offers for this home located close to area attractions, summer activities, and the HAMPTONS!

Bedrooms:5
Baths:2
Recorded square feet:1695
Full finished basement, large private yard.

To see East End, North fork, Hamptons REO/ Bank Owned, click here, and select “foreclosures.”

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.

To see East End, North fork, Hamptons REO/ Bank Owned, click here, and select “foreclosures.”

Home Sales Volume on the North Fork of Long Island DOUBLES in Oct. 2009 over Oct. 2008

November 3rd, 2009 category: East End LI Foreclosures, Real Estate NewsNo Comments »

The following statistics were taken from MLSLI (the Multiple listing service of Long Island). While imperfect, an obvious improvement has emerged over October 2008 in purchase activity for 2009:

Under contract properties on the North fork of Long Island, October 2008: 25

Median closed pricing: $424,450.

The median listed price in 2008 was $439,000.

Under contract properties on the North fork of Long Island, October 2009: 50

Median list price at time of contract: $424,990.*

*until properties close, contracted pricing is unavailable.

Towns included for this activity, and sold activity found below: Riverhead, Baiting Hollow, Calverton, Jamesport, S. Jamesport, Laurel, New Suffolk, Mattituck, Cutchogue, Southold, Peconic, Greenport, E. Marion, Orient.

That is double the number of contracts written over 2008. Before a celebration, however, it must be noted that October of 2008 (along with it’s September preface) was a “frozen” market- the true measure of how dire the banking industry had become was in evidence, with buyers scurrying to the sidelines in hopes of waiting things out to see exactly how the real estate market was going to react (or, COULD react) under such dire circumstances. So, the fantastic news is that we are no longer in that dreadful, shell shocked time, and buyers are responding to the resultant price drops afforded by forward thinking sellers. May we NEVER (at least, in our lifetimes) see such a truly horrific banking month…

Closed properties on the North fork of Long Island, October 2008: 46

Median closed pricing: $514,950.

Closed properties on the North fork of Long Island, October 2009: 39

Median closed pricing: $387,000.

Corey Creek Reality check: buyers are completing transactions, but they are seeking lower pricing. Sellers providing this bit of realistic pricing are seeing a sale come to fruition. Prices remain in a declining position, but buyers are willing to purchase if the price is right!

Congratulations to all sellers/ new homeowners on the North fork of Long island in October, 2009!

**while deemed a great gauge of trends, please consult your Realtor for a full market analysis.

To search available homes for sale, foreclosures, bank owned, REO 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, Orient Point, Westhampton Beach, Hampton Bays, Flanders, Southampton, Sag Harbor, East Hampton, Montauk, NY.