Town & Country North Fork 1st Quarter 2018 Home Sales Report
Posted by Town & Country Real Estate — April 16, 2018
NORTH FORK, NY - Jamesport (which includes Aquebogue, Baiting Hollow and South Jamesport) logged the greatest gains in the number of home sales and total home sales volume. 38.5% more homes were sold 2017 to 2018 first quarter and 27% more total home sales volume changed hands. Median home sales price remained stable.
Mattituck (which includes Laurel and Cutchogue) did well with 25% more home closings quarter over quarter but dropped a bit on the sales over $1M. There were five last year and only one this year.
Orient (which includes East Marion and Greenport) realized the greatest jump in median home sales price - a 38.5% leap from $487,500 in 2017 to $675,000 in 2018, first quarter. This was due to a significant increase (250%) in sales $1M - $1.99M. We went from two in 2017 to seven in 2018 and the only two sales over $2M were both in Orient (which includes East Marion and Greenport) as well. The sound front home at 2110 Grandview, Orient traded for $2.75M and the inland farmhouse at 700 Orchard Street, Orient sold for $2.1M.
The big story is in all North Fork markets combined 11% more number of home sales, 19.5% more total home sales volume and 19% increase in median home sales price. The only red is for homes under $500,000 due entirely to lack of inventory. That window is closing rapidly — are you in?
Please visit the North Fork 1st Quarter 2018 Home Sales Report to view the entire report