Archive for the 'Real Estate News' Category
North Fork, LI Under Contract July 2010
August 26th, 2010 category: Real Estate NewsNo Comments »
The following figures (homes reported under contract) were obtained from MLSLI, and are reported under contract homes on the North fork/east end of Long Island for July, 2010. The towns included are Aquebogue, Baiting Hollow, Calverton, Cutchogue, East Marion, Greenport, Jamesport, S. Jamesport, Laurel, Mattituck, Peconic, Orient, Orient Point, Riverhead, and Southold, New York.
For 2010, the total reported homes for sale that went under contract on the North fork are as follows:
Total under contract: 34
Median Listing price: $412,450.
Median Original price: $427,495
Southold, NY homes for sale converted to under contract lead the pack, with a total of 8, followed by Riverhead, NY- 7, and Mattituck, NY, 3.
For comparative purposes, the 2009 figures are as follows:
Total under contract in July, 2009: 38
Median Listing price: $434,000.
Median Original price: $ 442,000
Because these properties closed, the reported closed price median was $395,000 in 2009.
It will be interesting to see what the reported sold pricing was for 2010, however important to note is that each village has its own unique characteristic, so can vary significantly from a neighboring town.
Worth noting is that when figures for SOLD properties in the same locations were pulled, the presence of higher end closed properties on the North fork provided an increased figure for the median sold pricing over 2009.
SOLD HOMES, JULY 2010:37
MEDIAN CLOSED PRICING: $489,000
SOLD HOMES JULY 2009: 37
MEDIAN CLOSED PRICING: $350,000
This data is skewed by a few elements, including a high end property reported twice.
The return to the market of those seeking properties in the one million plus range is encouraging, however for anyone seeking a home on the North fork of Long Island, reviewing specific transactions in your price point of interest will provide the best way to establish market trends.
To view North fork/Hamptons/East end, Long Island homes for sale, click here.
To view North fork/Hamptons/East end REO-BANK OWNED-FORECLOSURE homes, click here.
Watch soon for August data. I had the pleasure of time “off” to visit my daughter, and her newest addition. Amazing how busy a two year old, and newborn, keep both their mom, and their Gramma, who had an absolutely wonderful (albeit a bit exhausting) trip! August 2010 figures will be published in the first week of August…is summer really nearly over?
Home Sales North Fork 2nd Quarter 2010
July 6th, 2010 category: Real Estate NewsNo Comments »
On the North fork of Long Island, home sales (closed, under contract) have shown improvement over 2009. It should be noted that such improvement is a surface level analysis, as gathered from MLSLI. Absent specifics on each property, identifying exactly what sold (getting more for your money is a likelihood, negating any suggestion that pricing is going up- rather, it may well be that activity has been spurred by getting more for the same dollar) the following is offered to assist in getting a read on things to come:
REPORTED HOMES CLOSED SECOND QUARTER (4/1/2009-6/30/2009) ON THE NORTH FORK OF LONG ISLAND*: 99
MEDIAN PRICE: 356,000.
REPORTED HOMES CLOSED SECOND QUARTER (4/1/2010-6/30/2010) ON THE NORTH FORK OF LONG ISLAND: 140
MEDIAN PRICE: 394,500
UNDER CONTRACT STATISTICS FOR FIRST QUARTER HOME SALES, 2009: TOTAL 99
MEDIAN PRICE: 360,000.
UNDER CONTRACT STATISTICS FOR FIRST QUARTER HOME SALES, 2010: TOTAL 154
MEDIAN PRICE: 368,000.
Because each town/village has variances on the North fork, the following breaks down activity by location for 2010:
2010 pricing by town (# sold/median pricing) second quarter:
Aquebogue: 13 sold; $310k median price
Baiting Hollow: 9 sold; $370k median price
Calverton: 9 sold; $237k median price
Cutchogue: 7 sold; $590k median price
East marion:1 sold; $410k median price
Greenport: 10 sold; $394,500k median price
Jamesport:8 sold; $397,500k median price
Laurel: 3 sold; $440k median price
Mattituck: 12 sold; $421k median price
New Suffolk:2 sold; $487,500 median price
Orient: 5 sold; $709,500k median price
Peconic: 1 sold; $380k median price
Riverhead:29 sold; $160k median price *includes mobile/manufactured homes
S. Jamesport: 3 sold; $394k median price
Southold: 28 sold; $451,250 median price
If you are looking for a home for sale on the north fork/east end of Long Island, relying on general data is difficult; narrowing down a specific property and establishing pricing in a micro method is the best way to ascertain value.
If you are selling a home on the north fork/east end of Long Island, factoring specific data vs. general data will provide you with a realistic, fast selling opportunity.
To see available MLSLI homes for sale, please click here.
To see available REO/foreclosure homes for sale on the north fork and in the Hamptons, click here.
**data gathered from MLSLI. While deemed reliable, no guarantees. Towns included are identified in this report.
North fork, Long Island Home Sales- May 2010
June 1st, 2010 category: Real Estate NewsNo Comments »
There are reliable spring indicators on the North fork of Long Island- from the emergence of my bed of daisies, to the presence of the bathing gear -clad set who slowly fill up the local beaches with bright umbrellas and children kicking sand all the way to the water, thrilled to try out the latest neon colored aquatic toys. An increase in home sales, from Riverhead to Orient, has also been an anticipated event.
April was an improved month over March, and such upward motion bred the hope that perhaps we’d hit a comfortable higher ground in terms of volume. Spring is the “season”, as many hope to finalize second home purchases for a summer spent on the North fork. Equally present east end, LI home buyers are locals who, having witnessed the significant uptick in housing prices, are now viewing realistic offerings that fit their budgets (and more so, their sense of what reasonable really is). Their appearance made for a strong April 2010 over 2009.
As most paid attention to the tax credit that expired at the end of April, the hope was that such an incentive wasn’t a band aid for a larger problem, but an incentive for many who may well have purchased either way- just, perhaps, an ice breaker- the precursor to whatever normalcy we can now come to expect.
May figures for under contract properties took a dip. From Riverhead to Orient, the total number of under contract properties reported to MLSLI for May, 2009 totaled 37. For May of 2010, that figure was 25.
It will be interesting to see how we fare in June for homes under contract on the North fork.
The North fork, unlike its Hamptons counterpart, has not had the drama (and, we like it that way) of astronomical heights in pricing- followed by a disturbing lull, such as was found in 2009 throughout the Hamptons venue. Rather, the North fork (Riverhead, Jamesport, S. Jamesport, Baiting Hollow, Calverton, Laurel, Mattituck, Cutchogue, Peconic, Southold, Greenport, Orient, and Orient Point) has appeared to weather the market with consistency. While values have experienced a decline from peak suggestive of the economy, sellers responded accordingly, appealing to buyers anxious for value, along with the tax credit opportunity.
The following are town by town homes under contract for May, 2010:
UNDER CONTRACT REPORTED, MAY 2010:
Aquebogue, NY: 3 lot 3 cedar cove: $384,990, 28 Pine ave: $660,000, 267 Peconic Bay Blvd: $1,494,876 **list- not sold pricing for all towns/villages. Multi List Service of Long Island**
Baiting Hollow, NY: 2 54 beach hill, $159,999; 2011 Sound ave: $328,888
Calverton, NY: 2 36 Gerald St, $229,900; 259 Parkway Drive: $249,000
Cutchogue, NY: 1 710 Old Menhaden Rd., $719,000
East Marion, NY: 1 170 Manor Rd., $429,000
Greenport, NY: 2 1300 7th St. $249,900; 411 4th St. $539,000
Jamesport, NY: 1 86 Smugglers Path $499,000
Laurel, NY: 1 20 S. Oakwood Dr. $625,000
Mattituck, NY: 2 2705 Laurel Way $445,000; 145 Meday Ave $499,000
Orient, NY: 1 1925 Grandview Dr. $989,000
Riverhead, NY: 6 560 Raynor, $119,900; 799 Harrison Ave., $159,000; 613 Roanoke Ave $270,000; 162 Kings Dr., $299,900; Lot 8 Honey ln. $419,000; 9 Plover ct. $445,000
Southold, NY: 3 25 Lighthouse Rd. $729,000; 1035 Calves neck Rd. $1.199.000
HOMES SOLD/CLOSED REPORTED, MAY 2010:
FOR COMPARITIVE PURPOSES, 2010 FIGURES FOR MAY NEARLY EQUAL THOSE REPORTED IN 2009.
2009: 34 CLOSED HOMES
2010: 32 CLOSED HOMES
Aquebogue, NY: 2 89 Josica Ct. $352,980; 77 Fox trail ct. $380,000 **figures represent reported SOLD pricing
Baiting Hollow, NY: 3 54 Beach Hill $159,000; 152 Baywood Drive $370,000; Lot 8 Donna Dr. $420,490
Cutchogue, NY: 3 910 Old Saddle Ln. $439,999; 840 Manor Hill Lane $730,000
Greenport, NY: 3 717 Front St. $290,000; 317 South St. $300,000; 432 1st St. $485,000
Jamesport, NY: 4 251 Washington Ave. $295,000; 224 Washington Ave. $345,000; 73 Timothy Lane $352,500; 86 Smugglers Path $450,000
Mattituck, NY: 3 4105 Wickham Ave $625,000; 1080 Deep Hole Rd. $749,000; 895 Holbrook Ln. $845,750
Orient, NY: 3 920 Cedar Birch Ln. $699,000; 55 Southview Dr. $720,000
Riverhead, NY: 4 324 Raynor Ave. $160,000; 1108 Delores Ave. $171,300; 73 Ellen St. $250,000; 25 Louise Ct. $464,000
S. Jamesport, NY: 1 120 Green St. $210,000
Southold, NY: 6 830 Eds Rd. $350,000; 145 Budds Pond Rd. $342,000; 1980 Nakomis Rd. $447,500; 2155 Jockey Creek Dr. $455,000; 1035 Calves neck Rd. $970,000; 1350 Paradise Point Rd. $2,400,000
Homes under contract/sold represent single family detached- cottages to estates. This report does not include condominiums, townhomes or mobile homes.
If you are looking to sell or buy a home on the East end (North fork, Hamptons) of Long Island, current market data will assist in establishing value. We are members of MLSLI, with all reported data (days on market, closed figures) awaiting your review. Call us if you’d like to sell your home; click here to view available homes on the East end of Long Island.
Options Realty: 631-727-2227
Email: Stark@optionsrealty.com
If you’d like to see ALL reported closed sales, go to www.mlsli.com, click on “sold” properties, choose your town, and a map will appear. To locate pricing, click on the mapped properties. It’s that easy!
For your convenience, we’ll be adding that feature to our site soon- stay tuned!
East End, Long Island Real Estate
May 11th, 2010 category: Real Estate NewsNo Comments »
As a real estate company on the east end of Long Island (Hamptons, North fork) that has been viewing the real estate market *as we now know it* with caution, it was very refreshing to find the following assessment offered by a “local” real estate participant- Michael’s link is at the bottom of this post.
With reports touting (did they, really?) “The market is back! The bottom has been reached!” for the last year, reading a really honest assessment of the challenges faced by east end, Long Island sellers and their confused partners (buyers) was a refreshing perspective that we’d like to share.
True: the forecast (do we believe “forecasts?”) seems to be that interest rates will be rising.
For investors, a rise in interest rates creates this scenario: such a move will depress pricing FURTHER, as it eliminates market participants (buyers)- wait it out, this whole thing- prices will drop FURTHER.
While there is no doubt validity in that perspective, the other side of the coin, for those seeking A HOME that will be a place to LIVE for the next five to ten years, SO WHAT? Pricing on the east end has dropped anywhere from 20% to a reported 35% from the pretend *and it was, in hindsight, pretend* GLORY DAYS.
How long, with a family to raise, or a retirement to plan, does one wait out another 5%, give or take? Will pricing drop another 30-40%? If so, no one to date has made that forecast…but do we know for sure? NO.
Will prices rise for east end, Long island homes over the next 2-5 years? We don’t think so, but some disagree.
At what juncture does “a home because I love it” supercede “if it’s not a good investment, I’ll rent?”- only the person paying the mortgage can respond with authenticity.
If interest rates rise as predicted, we agree that the waiting period for a purchase (if a buyer is financing, waiting for further drops) has been erased *poof* as quickly as such rates increase. So, the question becomes: IS IT TIME TO BUY A HOME ON THE EAST END OF LONG ISLAND?
Do your homework, or hire someone to do it: check the number of distressed properties that threaten your area of interest, creating a potential price drop; look carefully at the asking price of a home (particularly in the Hamptons, where properties are routinely overpriced, hoping for a NYC sucker with a big fat bonus) and CHECK CLOSED SALES. Not three month old public record sales, but LAST WEEKS closings.
We enjoyed the blog that can be found HERE, and hope that you do, too!
Oh- and if real estate companies used an MLS in the Hamptons, you could check out the closed pricing from yesterday, right this minute- just sayin’.
To view homes for saleon the east end (Hamptons, North fork) of Long Island, click here. To view REO/bank owned/foreclosures for sale on the east end of Long island, click here.
To view homes that have closed on the North fork of Long island very recently, click here, and then check off your town of interest- sold homes that have closed as recently as yesterday will appear, with sold pricing available.
Short Sales, Foreclosures, and Your Credit Score
April 18th, 2010 category: Real Estate NewsNo Comments »
As the East end of Long Island (north fork, Hamptons, NY) sees an increase in homeowners missing house payments, or selling short (owing more on the loan balance that the market will bear) a question that has floated around for the last few years is this: HOW does this impact my credit (short sale, foreclosure, deed in lieu of)?
Due to the magnitude of mortgage problems faced by many homeowners, it’s taken some time to receive information on credit ramifications for the various alternative choices that homeowners have available for consideration.
An article found here offers some clarity.
VantageScore is, according to Kenneth Harneys article, a joint venture created by Equifax, Experian and TransUnion, and carries it’s own “score” for consumers.
FANNIE MAE has brand new parameters outlining credit implications/re-establishment, which can be found here.
To determine if Fannie Mae owns your loan, simply click here, and you can find out in seconds- if the goal is to remain in your home, all HAMP guidelines are ready to view.
To view HAFA alternatives, click here. There are recent changes to all programs, as the government seeks to mitigate the mortgage MESS.
Please read ALL of this if you are mired in a downturn that has resulted in choices- while initially confusing (HAFA,HAMP,FANNIE MAE, FREDDIE MAC, ETC.), your lawyer, accountant and real estate agent will assist in the method of your choice- awareness of alternatives is essential.
Whether you are considering alternatives that might help you stay in your home, missing payments for the short term, selling your home as a short sale, or contemplating the impact that a short sale, foreclosure or bankruptcy might have on your credit opportunities, all of this is must read.
Always consult your accountant and lawyer before making decisions for which clarity is sought, but for those wondering, insight is provided from the VantageScore study, along with the Fannie Mae/HAFA sites linked above.
In a real estate market that is nothing short of a moving target, staying on top of your mortgage choices in all scenarios should be an ongoing effort- your future choices depend on what you decide now.
If you are considering none of the above, and just landed on the site to view homes for sale on the East end of Long Island, click here for east end, Long Island properties!
To view a current offering of east end (north fork, Hamptons) REO/foreclosure properties, click here.
FIRST QUARTER NORTH FORK, LONG ISLAND HOME SALES
March 30th, 2010 category: Real Estate NewsNo Comments »
In like a lion, out like a lion- let’s hope that home sales on the East End / North Fork of Long Island continue to roar back to life!
The first quarter of homes sold on the north fork (Riverhead, Baiting Hollow, Calverton, Jamesport, S. Jamesport, Laurel, New Suffolk, Mattituck, Cutchogue, Peconic, Southold, Greenport, East Marion, Orient, and Orient point) increased in volume over the first quarter of 2009 by 25%. In 2009, there were a total of 54 homes closed. This is eclipsed by a total lf 68 for the first quarter of 2010.
Want more good news? The mean, or average sales price in 2009 for first quarter closings stands at $469,746. The mean sales price in 2010 is $495,931.
The median sales price for 2009 was $392,495. The median sales price for 2010 in the first quarter is $402,500.
Recovery? Bottom hit? Time will tell, but signs point to a far healthier real estate environment than was found in 2009. Increased activity and an increase in closed pricing is a sign that buyers are out, and if they’re finding value, are taking action. What must be noted is that the North fork of Long Island has seen a drop of significance in overall pricing, so east end home buyers are getting more for $402,500 than could be had in the past. Home sellers on the North fork are pricing properties RIGHT, as can be found in the decrease of discount from listed price to closed pricing. In 2009, the difference was 10.17% on average; the average for 2010 in the first quarter is 7.6%.
Below, a rundown of closed properties on the North fork.
AQUEBOGUE, NY JANUARY 1-MARCH 31, 2010:
1 CLOSED: 116 SHADE TREE LANE $239,000
AVERAGE CLOSED PRICING AQUEBOGUE: $239,000
BAITING HOLLOW, NY JANUARY1-MARCH 31, 2010
2 CLOSED: 96 EAST MEADOW ROAD $420,000; 1849 SOUND AVENUE $515,000
AVERAGE CLOSED PRICING BAITING HOLLOW: $467,500
CUTCHOGUE, NY JANUARY 1-MARCH 31, 2010
10 CLOSED: 16495 COUNTY RD $225,000; 4520 PEQUASH AVE $365,000; 110 OAK DRIVE $410,000; 4030 STILLWATER AVE $490,000; 1530 S. NEW SUFFOLK ROAD $540,000; 2650 NASSAU POINT ROAD $628,000; 2410 BRIDGE LANE $750,000; 3850 NASSAU POINT ROAD $740,000; 800 DEPOT LANE $750,000; 4875 WUNNEWETA RD $755,500
AVERAGE CLOSED PRICING CUTCHOGUE: $565,350
EAST MARION, NY JANUARY 1-MARCH 31, 2010
1 CLOSED: 275 MARINA LANE $592,000
AVERAGE CLOSED PRICING EAST MARION: $592,000
GREENPORT, NY JANUARY 1-MARCH 31, 2010
5 CLOSED: 73355 MAIN ROAD $190,000; 535 3RD ST. $329,600; 506 WIGGINS ST. $350,000; 2405 BAY SHORE $680,000; 2500 SOUND DRIVE $1,450,000
AVERAGE CLOSED PRICING GREENPORT: $599,920
JAMESPORT, NY JANUARY 1-MARCH 31, 2010
5 CLOSED: 2 6TH ST. $185,000; 18 ZIEMACKI LN $250,000; 34 TUTHILLS LN $345,000; 703 HERRICKS LANE $695,000; 23 PHYLLIS LANE $1,170,000
AVERAGE CLOSED PRICING JAMESPORT: $529,000
LAUREL, NY JANUARY 1-MARCH 31, 2010
1 CLOSED: 2074 MAIN ROAD $335,000
AVERAGE CLOSED PRICING LAUREL: $335,000
MATTITUCK, NY JANUARY 1-MARCH 31, 2010
7 CLOSED: 1570 FACTORY AVE $200,000; 2740 SOUNDVIEW AVE $340,000; 610 STANLEY RD $350,000; 2350 REEVES RD $380,000; 5750 ALDRICH LN $479,000; 4205 BREAKWATER RD $640,000; 140 BAILIE BEACH RD $790,000
AVERAGE CLOSED PRICING MATTITUCK: $454,142
NEW SUFFOLK, NY JANUARY 1- MARCH 31, 2010
2 CLOSED: 430 OAK RD. $579,500; 145 FRED ST. $629,000
AVERAGE CLOSED PRICING NEW SUFFOLK: $604,250
RIVERHEAD, NY JANUARY 1- MARCH 31, 2010
15 CLOSED: 33 OSPREY AVE $59,900; 47 SIGAL AVE $72,000; 420 FLANDERS RD $95,000; 27 EIGHT BELLS RD $90,000; 32 GROVE ST $120,000; 40 SIGAL AVE $152,000; 147 LAKE AVE $190,000; 215 EAST AVE $210,000; 16 PINE CT $230,000; 1661-5 OLD COUNTRY RD $259,700; 897 POND VIEW RD $254,000; 446 MARCY AVE $247,500; 1070 OSTRANDER $295,000; 61 KINGS DRIVE $335,000; 375 SOUND SHORE RD $426,000
AVERAGE CLOSED PRICING RIVERHEAD: $202,406
S. JAMESPORT, NY JANUARY 1-MARCH 31, 2010
2 CLOSED: 127 GREEN ST. $385,000; 44 WILLOW ST. $395,000
AVERAGE CLOSED PRICING S. JAMESPORT: $390,000
SOUTHOLD, NY JANUARY 1-MARCH 31,2010
17 CLOSED: 46660 MAIN ROAD $325,000; 8150 SOUNDVIEW AVE $330,000; 750 LIBERTY LANE $370,000; 345 BUDDS POND RD $377,000; 1065 JASMINE LANE $350,000; 1720 LEEWARD DRIVE $460,000; 13530 SOUNDVIEW AVE $515,000; 400 TOWN CREEK LANE $600,000; 1300 GIN LANE $465,000; 665 GOOSE CREEK LANE $575,000; 800 MID FARM RD $620,000; 915 RUCH LANE $610,000; 2575 GLENN ROAD $670,000; 275 SLEEPY HOLLOW LN $703,000; 1255 WATERVIEW DRIVE $720,000; 3400 LIGHTHOUSE ROAD $1,475,000; 290 RED FAWN RD $1,500,000; 275 WATERSEDGE WAY $1,510,000
AVERAGE CLOSED PRICING SOUTHOLD: $716,176.
ORIENT, NY JANUARY 1-MARCH 31, 2010
1 CLOSED: 2605 ORCHARD STREET $937,500
AVERAGE CLOSED PRICING: $937,500
IT GETS EVEN BETTER… the under contract figures for the first quarter of 2010 total 95; the under contract figure for 2009 stood at 60. That’s a 30% increase in contract activity year over year.
A NOTE ABOUT “AVERAGE PRICING”: AS YOU CAN SEE FROM THE DATA GATHERED, AN “AVERAGE” IS OFTEN IRRELEVANT, TO THE EXTENT THAT A FEW LARGE CLOSINGS ALTER THE TYPICAL VALUE IN A GIVEN AREA. WE PROVIDE IT FOR THE PURPOSE OF INFORMATION, BUT NOT FOR A COMPARATIVE ELEMENT. ALL NORTH FORK VILLAGES OFFER A WIDE VARIETY OF PRICING LEVELS; TO SEE THE AVAILABLE HOMES ON THE NORTH FORK, CLICK HERE.
Are we out of the woods? It’s all relative- relative to 2009, we can certainly enjoy the fact that lower pricing, along with available mortgage opportunities, has created a far better real estate environment for both buyers and sellers.
ALL INFORMATION GATHERED FOR THIS REPORTS WAS OBTAINED FROM THE MULTI LIST SERVICE OF LONG ISLAND. MLSLI DATA IS DEEMED RELIABLE, BUT NOT GUARANTEED. FOR FURTHER INFORMATION, CONTACT YOUR REALTOR.
iPhone Property Search
March 19th, 2010 category: Buyers, Real Estate News2 Comments »
MLSLI has recently announced a great new way to access all MLSLI property listings on the East end of Long Island (homes for sale in the Hamptons, NY, and on the North fork of Long Island) with their new IPhone application.If you’re driving the area and see a home for sale, you can now access the property on your Blackberry or iPhone- just visit http://mlsli.mobi for details.
Searching properties has never been easier, right from your phone, anywhere, any time!
To search homes for sale on the North fork of Long Island, and the Hamptons, click here- or, use your phone!
Above, garden pictures from last year…with this weather, I’m outside hurrying up the now bare garden, anxiously checking on what’s popping up…
East End, Long Island Short Sales
March 14th, 2010 category: East End LI Foreclosures, Real Estate NewsNo Comments »
With homeowners having a need to sell, but a mortgage balance in excess of an amount that buyers are willing to pay (based on current home values), short sales are becoming more common on the North fork, and Hamptons, NY.
While complicated, short sales allow a seller to exit their mortgage obligation in favor of an offer acceptable to the bank, which may include a cash amount due at closing, and/or (unless provided as a contingency in the contract)
an amount due for a percentage of the difference between the amount owed, and the final selling price, often in the form of a promissory note.
SELLER HARDSHIP is a key element to a home purchase being permitted after a short sale has been initiated.
There has been much confusion regarding the credit ramifications of a short sale, but the Federal Housing Authority (FHA) has released their own guidelines with respect to the ability of sellers to buy another home, and the news is good.
The use of FHA loans on properties below the $720,000 limit (see parameters) have become increasingly popular, due to a lower down payment requirement, and qualifications that are often more lax than those of a conventional loan. The link that can be found HERE provides an answer for those selling “short”, with an eye toward another home purchase in the future.
To view homes for sale on the east end/North fork of Long Island, click HERE.
North Fork – Long Island – Home Sales – February 2010
March 7th, 2010 category: Real Estate NewsNo Comments »
The following is a market update on activity being enjoyed by home sellers and home buyers on the North fork of Long Island. All data is collected from the MLSLI, and while deemed reliable, no guarantees. Towns incuded are Aquebogue, Baiting Hollow, Calverton, Cutchogue, Greenport, Jamesport, Peconic, Mattituck, New Suffolk, Orient, Riverhead, and Southold, NY.
HOMES CLOSED FEBRUARY 2010
CUTCHOGUE, NY CLOSED HOMES:
110 OAK DRIVE LIST PRICE: 429,900 CLOSED PRICE: 410,000
4030 STILLWATER AVE LIST PRICE: 525,000 CLOSED PRICE: 490,000
1530 S. NEW SUFFOLK ROAD LIST PRICE: 599,000 CLOSED PRICE: 540,000
800 DEPOT LN LIST PRICE: 799,000 CLOSED PRICE: 750,000
GREENPORT, NY CLOSED HOMES:
535 3RD ST LIST PRICE: 339,000 CLOSED PRICE: 329,600
2405 BAY SHORE LIST PRICE: 775,000 CLOSED PRICE: 680,000
MATTITUCK, NY CLOSED HOMES:
2350 REEVES ROAD LIST PRICE: 409,900 CLOSED PRICE: 380,000
4205 BREAKWATER RD LIST PRICE: 699,000 CLOSED PRICE: 640,000
140 BAILIE BEACH RD LIST PRICE: 790,000 CLOSED PRICE: 790,000
RIVERHEAD, NY CLOSED HOMES:
47 SIGAL AVE LIST PRICE: 89,900 CLOSED PRICE: 72,000
32 GROVE ST LIST PRICE: 119,900 CLOSED PRICE: 120,000
215 EAST AVE LIST PRICE: 229,000 CLOSED PRICE: 210,000
375 SOUND SHORE RD LIST PRICE: 499,000 CLOSED PRICE: 426,000
SOUTHOLD, NY CLOSED HOMES:
1065 JASMINE LANE LIST PRICE: 399,700 CLOSED PRICE: 350,00
400 TOWN CREEK LN LIST PRICE: 595,000 CLOSED PRICE: 600,000
915 RUCH LANE LIST PRICE: 699,000 CLOSED PRICE: 610,000
275 SLEEPY HOLLOW LN LIST PRICE: 703,900 CLOSED PRICE: 703,000
1255 WATERVIEW DR LIST PRICE: 750,000 CLOSED PRICE: 720,000
290 RED FAWN RD LIST PRICE: 1,699,000 CLOSED PRICE: 1,500,000
UNDER CONTRACT HOMES, FEBRUARY 2010
AQUEBOGUE, NY UNDER CONTRACT HOMES:
89 JOSICA DRIVE LISTED PRICE: $359,990
77 FOX TRAIL LISTED PRICE: $399,990
BAITING HOLLOW, NY UNDER CONTRACT HOMES:
LOT 16, ALFRED AVE LISTED PRICE: $374,900
LOT 5 ALFRED AVE LISTED PRICE: $449,900
LOT 25 ALFRED AVE LISTED PRICE: $499,990
CUTCHOGUE, NY UNDER CONTRACT HOMES:
16495 COUNTY ROAD LISTED PRICE: 240,000
4520 PEQUASH AVE LISTED PRICE: 415,000
4430 NASSAU POINT RD LISTED PRICE: 799,000
GREENPORT, NY UNDER CONTRACT HOMES:
717 FRONT STREET LISTED PRICE: 325,000
75 ROBINSON RD LISTED PRICE: 429,000
JAMESPORT, NY UNDER CONTRACT HOMES:
224 WASHINGTON AVE LISTED PRICE: 369,000
73 TIMOTHY LANE LISTED PRICE: 379,000
MATTITUCK, NY UNDER CONTRACT HOMES:
430 KRAUS RD LISTED PRICE: 499,000
140 BAILIE BEACH RD LISTED PRICE; 790,000
NEW SUFFOLK, NY UNDER CONTRACT HOMES:
145 FRED DRIVE LISTED PRICE: 649,900
ORIENT, NY UNDER CONTRACT HOMES:
1565 NORTH SEA DR. LISTED PRICE: 699,000
SOUTHOLD, NY UNDER CONTRACT HOMES:
430 GROVE RD. LIST PRICE: 299,000
8150 SOUNDVIEW LIST PRICE: 360,000
830 EDS RD LIST PRICE: 365,000
750 LIBERTY LANE LIST PRICE: 389,000
345 BUDDS POND RD LIST PRICE: 399,000
3600 PINE NECK RD LIST PRICE: 469,000
460 W. CLEARVIEW AVE LIST PRICE: 489,000
1230 OAK DRIVE LIST PRICE: 555,000
665 GOOSE CREEK LN LIST PRICE: 599,000
800 MID FARM RD LIST PRICE: 665,000
185 WILLOW POINT RD LIST PRICE: 1,299,000
TO VIEW ALL AVAILABLE HOMES ON THE NORTH FORK OF LONG ISLAND, CLICK HERE.
North Fork, Long Island Home Sales Up…
February 9th, 2010 category: Real Estate NewsNo Comments »
While we normally offer a month to month glance at closed properties on the East End / North Fork of Long Island, this report contains under contract activity for the towns of Riverhead, Calverton, Baiting Hollow, Jamesport, South Jamesport, Laurel, Mattituck, Peconic, Cutchogue, Southold, Greenport, and Orient/Orient Point, NY.
The under contract numbers have doubled over those in 2009 during this time period. In 2009, 21 homes were reported under contract from Jan. 1, 2009 to February 8, 2009.
Because there seemed to be interesting activity so far in February, the first week of February is included.
In 2010, there have been 44 under contract single family properties recorded.
Sold pricing remains to be seen; those figures do not appear until a day or two after the closing, so prices shown are the listed prices only. Check back- most will have closed by the end of March.
The MLSLI offers up-to-the minute property updates, and while all figures are deemed reliable, no guarantees.
UNDER CONTRACT NORTH FORK PROPERTIES JAN.1, 2010 THROUGH FEBRUARY 8, 2010:
AQUEBOGUE, NY:
38 Vineyard Way $429,900
BAITING HOLLOW, NY:
Lot 4 Alfred Ave. $374,900
148 Williams Way $429,000
CALVERTON, NY:
1407-05 Middle Road $139,900
36 Gerald Street 219,900
CUTCHOGUE, NY:
16495 County Rd. $240,000
110 Oak Drive $439,900
1640 Sterling Rd $ 529,900
2650 Nassau Point Rd. $686,000
800 Depot Lane $799,000
EAST MARION, NY:
275 Marina Ln. $639,000
GREENPORT, NY:
408 South St. $299,000
307 4th St. $438,888
1000 Sound Dr. $1,195,000
LAUREL, NY:
37 Cedar Ct. $349,900
50 Main Rd. $498,000
MATTITUCK, NY:
5750 Aldrich Lane $509,900
140 Bailie Beach Rd $790,000
RIVERHEAD, NY:
33 Osprey Ave $59,900
47 Sigal Ave $89,900
1108 Delores Ave $195,000
16 Pine Ct. $241,239
70 Constable Drive $309,900
133 Duryea St. $325,000
136 Trout Brook Ln $335,000
SOUTHOLD, NY:
150 Hobart Rd. $350,000
46660 Main Rd $359,000
8150 Soundview Ave $360,000
750 Liberty Lane $389,000
1065 Jasmine Lane $399,700
1230 Oak Lane $555,000
1300 Gin Lane $599,000
800 Mid Farm Rd. $665,000
125 Lighthouse Rd. $675,000
700 North Parish Dr. $699,000
1255 Waterview Dr. $750,000
185 Willow Point Rd. 1,299,000.
PLEASE KEEP IN MIND THAT THIS PRICING DOES NOT REFLECT SOLD PRICING. Once closed, those numbers will be available. All properties shown are the compilations of all MLSLI listed properties on the North fork, by all MLSLI participating real estate offices. Towns and villages absent from the report have not recorded an under contract property between Jan. 1, 2010, and Feb. 8, 2010.
To check out what’s available on the North fork, click here, enter your home parameters, and enjoy!
To check out REO/foreclosure properties on the east end of Long Island (North fork, Hamptons, NY), click here.
« Previous Entries 
|
Ask The Broker
Categories
- Buyers (64)
- Downtown Riverhead (8)
- East End LI Foreclosures (50)
- North Fork Neighborhoods (26)
- Over 55 / Active Adult (3)
- People and Places (40)
- Real Estate News (203)
- Real Estate Philosophy (46)
- Riverhead Real Estate (16)
- Sellers (38)
- Southold Real Estate (26)
Archives
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
Links
Blogroll
