NORTH FORK, NY - The 2nd Quarter of 2018 was a mixed bag for North Fork Home Sales. Our North Fork markets seem to be moving independently as opposed to in tandem.
Jamesport (which includes Aquebogue, Baiting Hollow and South Jamesport) was clearly the leader with increases in all three criteria monitored by TOWN & COUNTRY. The Number of Home Sales rose 33%, the Total Home Sales Volume more than doubled from $5,724,404 to $8,857,343 and the Median Home Sales Price increased 7.75% to just over half a million dollars.
Southold (which includes New Suffolk and Peconic) experienced fewer sales (-18.75%) which in turn lowered the Total Home Sales Volume (-4.1%) yet we saw a surge in Median Home Sales Price (+17.38%) to $645,000.
Orient (which includes East Marion and Greenport) was statistically on par, year to year, with one less Home Sales yet the homes sold were more expensive which resulted in an uptick in the Total Home Sales Volume (+12.58%) and Median Home Sales Price (+10.32%).
The anchor for this 2nd Quarter North Fork Home Sales report was Mattituck (which includes Laurel and Cutchogue) which saw red across the board except for the $500-$999,000 price range which shot up nearly 86%! Yet the highest Median Home Sales Price at $745,000 was logged in Mattituck (which includes Laurel and Cutchogue).
Looking at All North Fork Markets Combined and the numbers jump right off the page. Clearly the needle is moving to higher prices. Most of the Home Sales were in the $500-$999,000 price range and the Median Home Sales Price improved almost 16%. The Total Home Sales Volume was basically unchanged and there were five less sales year to year. 85% of all North Fork Home Sales were under a million dollars but I predict that needle will move as well.
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