North Fork 2nd Quarter 2010 Home Sales Report
Posted by Judi Desiderio of Town & Country Real Estate — July 16, 2010
Town & Country Real Estate is pleased to report that the North Fork Home Sales Report for the 2nd quarter 2010 demonstrates a solid rebound.
JAMESPORT (which includes Aquebogue, Baiting Hollow and South Jamesport) leads the report with an outstanding 160% increase in the Number of Home Sales from 10 in 2nd quarter 2009 to 26 in 2nd quarter 2010. Additionally, JAMESPORT'S Total Home Sales Volume continues that ascend with a 169% increase from $3.8M to $10.2M in 2nd quarter 2009 to 2010 respectively. The Median Home Sales Price rose slightly (2.76%) from $370,000 to $380,200, year tom year. Most of the activity occurred in the price category of under $500,000 where 24 of the 26 home sales occurred.
MATTITUCK (which includes Laurel and Cutchogue) actually saw a reduction in the Number of Home Saless and Total Home Sales Volume of -15.8% and -1.8% respectively. Conversely, theMattituck market saw the greatest increase in Median Home Sales Price (+21%) from $382,000 in 2nd quarter 2009 to $462,000 in 2nd quarter 2010. SOUTHOLD (which includes New Suffolk and Peconic) enjoyed a 55%increase to their Total Home Sales Volume largely due to the 4 home sales in the $2-$3.49M price category.
ORIENT (which includes EastMarion and Greenport) had a spike in sales $500,000-$999,000 from 1 in 2009 to 5 in 2010, 2nd quarter.
By examining ALLNORTH FORKMARKETS COMBINED, clearly you see the 2nd quarter homes sales activity
was a healthy rebound. The Number of Home Sales rose 35.6% from 59 to 80, 2009 to 2010 respectively and the Total Home Sales Volume increased 48.8% from $32Mto $47.5Myear to year, yet theMedian Home Sales Price remained stable with a slight uptick from $398,000 to $410,000. In ALLNORTH FORKMARKETS COMBINED, the $2-$3.49M range experienced the most significant change of +300% from 1 home sale in 2009 to 4 in 2010, 2nd quarter. To view more specifics on your particular locations and price ranges, visit our website 1TownandCountry.com and click "Reports".
*Source: The Long Island Real Estate Report
**All information is deemed reliable and correct. Information is subject to errors, omissions and withdrawal without prior notice.