Town & Country's North Fork Year End 2009 Home Sales Report

Posted by — January 22, 2010

TOWN & COUNTRY’S North Fork Home Sales Report is the most comprehensive and widely respected report available, monitoring 4 markets, with 3 criteria and 6 different price ranges.

This 2009 Year End Home Sales Report clearly demonstrates the North Fork markets establishing a floor or bottom.

Two of the four markets MATTITUCK (which includes Laurel and Cutchogue) and SOUTHOLD (which includes New Suffolk and Peconic) realized slight gains in the Number of Home Sales (up 3.3% and 1.2% respectively) while JAMESPORT (which includes Aquebogue, Baiting Hollow and South Jamesport) remained unchanged at 61 Home Sales for the year of 2009. ORIENT (which includes East Marion and Greenport) dropped 4% from 73 homes sold in 2008 to 70 homes sold in 2009.

All four markets monitored by TOWN & COUNTRY saw declines in the Total Home Sales Volume with JAMESPORT (which includes Aquebogue, Baiting Hollow and South Jamesport) seeing the steepest decline (-27%) and MATTITUCK (which includes Laurel and Cutchogue) the slightest decline (- 5.4%).

The Median Home Sales Price in all four markets also declined from ORIENT (which includes East Marion and Greenport) at -17.5% to MATTITUCK (which includes Laurel and Cutchogue) at -3.3%.

It is the apparent that the first North Fork market to emerge from this great recession is the MATTITUCK market (which includes Laurel and Cutchogue).

Viewing all NORTH FORK MARKETS COMBINED, we see the price category under $500K is the strongest with a 26% jump from 157 homes sold in 2008 to 198 homes sold in 2009, while homes $1M and over declined significantly as 25 homes sold in 2009 and 35 in 2008.

As reported in our 4th Quarter Homes Sales Report we are pleased to say current activity levels of sales appointments, offers, deals, contracts and closings continue to build momentum in both TOWN & COUNTRY North Fork offices. These deals will be posted in future TOWN & COUNTRY Home Sales Reports.

To view more specifics on your particular locations and price ranges visit our website 1TownandCountry.com and click on “Reports”.

To view the North Fork full year specifics, click here.

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