Town & Country North Fork 3rd Quarter Home Sales Report

Posted by Town & Country Real Estate — October 21, 2019

Town & CountryNORTH FORK, NY - Our North Fork hamlets had a very busy summer, closing 90 home sales — an 11% increase from the same period last year.

Mattituck (which includes Laurel and Cutchogue) seemed to lag a bit from its eastern and western counterpart markets but realized the greatest statistical increase (+13.2%) to $665,000 ­for the highest Median Home Sales Price on the North Fork for the 3rd Quarter 2019.

Jamesport (which includes Aquebogue, Baiting Hollow and South Jamesport) closed 43% more deals and saw an increase of 9.45% in Total Home Sales Volume. Nice quarter!

Orient (which includes East Marion and Greenport) remained relatively flat numerically.

Southold (which includes New Suffolk and Peconic) was the show stopper with a 45% explosion in the Number of Home Sales and a 33% leap in Total Home Sales Volume largely due to a 300% increase in the $1 - $1.99 million price range which included the highest North Fork sale for the quarter of the Butz residence on Hyatt Road for $2.45 million.

Looking at All North Fork Markets Combined we see a very deliberate shift — as we predicted — to higher priced home sales. The $1 - $1.99 million price category increased year over year by 120%. All three criteria monitored by Town & Country were in the black!

The secret is out! The beauty of the North Fork has been discovered!

To view all reports visit

https://www.townandcountryhamptons.com/market-reports/

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