North Fork, Long Island Real Estate: Home Sales 2011

January 18th, 2012 category: Real Estate News

January Day on the Bay

Home Sales Activity in 2011 for the North fork of Long Island

The following is a recap of activity for closed properties on the North fork of Long Island.
Whether you’re thinking of buying North fork real estate, or considering the sale of your North fork home, check out the changes from 2010 to 2011 by village.
All information is based on figures provided by MLSLI.*
By town/village, the following numbers are the closed homes for 2011:

Aquebogue:
Total homes sold: 27
There were 8 homes closed below $350k
There were 8 homes between $351k and $500k
There were 10 homes between $500k and $999k
There was 1 home above $1 million
2011/2010 comparison: there were 30 homes sold in 2010

Baiting Hollow:
Total homes sold: 15
There were 7 homes sold below $350k
There were 6 homes between $351k and $500k
There were 2 homes between $500k and 999k
2011/2010 comparison: there were 30 homes sold in 2010

Calverton:
Total homes sold: 5
There were 5 homes sold below $350k
2011/2010 comparison: there were 10 homes sold in 2010

Cutchogue:
Total homes sold: 38
There were 6 homes sold below $350k
There were 13 homes sold between $351k- $500k
There were 12 homes sold between $501k-$999k
There were 4 homes sold between $1mm-$2mm
There were 2 homes sold above $2 million
2011/2010 comparison: there were 37 homes sold in 2010
**UP IN VOLUME YEAR OVER YEAR**

East Marion:
Total homes sold: 11
There was one home sold below $350k
There were 6 homes sold between $351k-$500k
There were 2 homes sold between $501k-$999k
There were 2 homes sold between $1mm-$2mm
2011/2010 comparison: there were 7 homes sold in 2010
**UP IN VOLUME YEAR OVER YEAR**

Greenport:
Total homes sold: 29
There were 11 homes sold below $350k
There were 9 homes sold between $351k-500k
There were 7 homes sold between $501k-999k
There were 2 homes sold between $1mm-$2mm
2011/2010 comparison: there were 26 homes sold in 2010
**UP IN VOLUME YEAR OVER YEAR**

Jamesport:
Total homes sold: 15
There were 4 homes sold below $350k
There were 8 homes sold between $351k-$500k
There was 1 home sold between $501k-$999k
There were 2 homes sold between $1.2m- $1.7m
2011/2010 comparison: there were 21 homes sold in 2010

Laurel:
Total homes sold: 9
There were 2 homes sold below $350k
There were 5 homes sold between $351k-$500k
There were 2 homes sold above $500k at $550k and $609k
2011/2010 comparison: there were 6 homes sold in 2010
**UP IN VOLUME YEAR OVER YEAR**

Mattituck:
Total homes sold: 45
There were 16 homes sold below $350k
There were 13 homes sold between $351k and $500k
There were 10 homes sold between $501k and $999k
There were 3 homes sold between $1mm-$2mm
There was 1 home sold at $2,350,000.
2011/2010 comparison: there were 53 homes sold in 2010

New Suffolk:
Total homes sold: 5
There was 1 home sold below $350k
There were 2 homes sold between $501k-$999k
There were 2 homes sold between $1mm- $1.5mm
2011/2010 comparison: there were 7 homes sold in 2010

Orient:
Total homes sold: 14
There was 1 home sold below $350k
There was 1 home sold between $351k-$500k
There were 10 homes sold between $501k-$999k
There were 2 homes sold between $1mm-$2mm
2011/2010 comparison: there were 15 homes sold in 2010

Peconic:
Total homes sold: 3
There were no homes sold below $350k
There were 2 homes sold between $351k-$500k
1 home sold for $2,150,000
2011/2010 comparison: there were 12 homes sold in Peconic in 2010

Riverhead:
Total homes sold: 57
There were 41 homes sold below $350k
There were 10 homes sold between $351k-$500k
There were 5 homes sold between $501k-999k
There was 1 home sold at $2,200,000
2011/2010 comparison: there were 68 homes sold in 2010

S. Jamesport:
Total homes sold: 4
There were no homes sold below $350k
There were 2 homes sold between $351k-$500k
There were 2 homes sold between $501k-$999k
2011/2010 comparison: there were 9 homes sold in 2010

Southold:
Total homes sold: 80
There were 15 homes sold below $350k
There were 38 homes sold between $351k-$500k
There were 24 homes sold between $501k-$999k
There were 3 homes sold between $1mm-1.55 mm
2011/2010 comparison: there were 89 homes sold in 2010

The average listing price to closed price varied by 7.42% in 2011
The average listing price to closed price varied by 7.31% in 2010
The average closed price for all towns/villages was $521,805 in 2011
The average closed price for all towns/villages was $532,873 in 2010
TOTAL HOMES SOLD 2011: 358; TOTAL HOMES SOLD 2010: 420

To view east end reo/foreclosure homes, click here

To view MLSLI listings for all of the east end of Long Island (Hamptons, North fork) click here.
If you are thinking about selling your home, and would like a price opinion, call or email today!

*mlsli is the Multi List Service of Long Island

This report does not include homes closed outside of the MLSLI system.

This entry was posted on Wednesday, January 18th, 2012 at 11:59 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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