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Retirement Condos- North Fork, Long Island Report

By
Home Builder

Best wishes for a healthy and peaceful 2008!

In the interest of those looking for condominiums on the North Fork of Long Island, the following is a market report, with information obtained fromMLS Long Island http://www.mlsli.com/.

Aquebogue, New York condominium sales Jan. 2007- Dec. 2007 BY COMMUNITY:

Silver Village: 2 sold; average price: $494,000. One 3 bed/2 bath; one 2 bed/3 bath. Common charges for this community are in the $223/month range. There are currently 4 homes available, ranging in price from $365k to $485k.

Baiting Hollow, New York condominium sales Jan.2007-Dec.2007 BY COMMUNITY:

The Bluffs: 5 sold; average price: $409,600. All sold were 2 bed/2bath. Common charges monthly range from $295-314.00. There are currently 12 homes for sale, ranging in price from $299k-479k.

The Knolls: 2 sold; average price: $384,500. Both sold were 2 bed/2 bath. Common charges monthly range from $295-350.00. There are currently 7 homes for sale, ranging in price from $369k-650k.

Calverton, New York condominium sales Jan. 2007- Dec. 2007 BY COMMUNITY:

Windcrest East: 7 sold; average price: $548,400. All sold were 3 bed/3bath. This is a community of independent condominiums- no attached neighbors. Common charges monthly are $211.00. There are currently 4 homes for sale, ranging in price from $589k-619k.

EAST MARION, NEW YORK condominium sales Jan. 2007-Dec.2007 BY COMMUNITY:

Cleaves Point: 3 sold; average price: $840,000. for 2 bed/2.5 bath; $500,000. for 2 bed/1 bath. Common charges range in the mid 500’s monthly. There is currently 1 home for sale in Cleaves Point, offered at $865k.

SOUTHOLD, NEW YORK condominium sales Jan.2007-Dec.2007 BY COMMUNITY:

Founders Village: 5 sold; average price: $374,300.- all have 2 bed/2 bath. Common charges range from $220-240/month. There are currently 2 homes available for $349k, and 345k.

GREENPORT, NEW YORK condominium sales Jan.2007-Dec.2007 BY COMMUNITY:

Sterling Cove: 1 sold; closed price was $699,000. Common charges are in the mid $400’s/month. There are currently no homes for sale.

Pheasant Run: 1 sold; closed price was $350,000. Common charges are approx. $300./month. There is currently 1 home for sale at $429,000.

RIVERHEAD, NEW YORK condominium sales Jan.2007-Dec.2007 BY COMMUNITY:

Mill Pond: 13 sold; closed price averaged $304,500.00. Common charges are approx. $187./month. Closed homes had 2 bed and 1.5-2 baths. There are currently 8 homes for sale, ranging in price from $285,000. to $349,000.

Willow Ponds: 3 sold; closed price averaged $320,000. Common charges are approx. $220-280/month. Closed homes had 2 bed and 1.5-2 baths. There are currently 6 homes for sale, ranging in price from $369,900. to $525,000.

Stoneleigh Woods: there are currently 2 homes for sale, priced at $365k and $375k. Common charges are approx. $250/month. The home has 2 bed/2.5 baths.

Sunken Pond: 5 homes sold; closed price averaged $361,700. Common charges are approx. $260/month. Homes sold had 2 bed/2-2.5 baths. There are currently 3 homes for sale, priced from $350k-410k.

Saddle Lakes: 4 homes sold; closed price averaged $459,500. Common charges are approx. $280./month. There is currently 1 home for sale, priced at $395k.

We’d love to help you with your second home/retirement plans. Contact us: stark@optionsrealty, or call 631-727-2227 for additional information on all retirement/second home possibilities on the North Fork!

If you are thinking about selling a condo in the North Fork, we’d love to talk with you. We have interested clients seeking condominium living- let’s talk! Contact laurie@optionsrealty.com, or call 631-727-2227.

HAVE A SAFE AND HAPPY 2008!  Confirm all stats/figures in the CURRENT market with your real estate agent- things are changing daily!

Comments (5)

Jeffrey Dolfinger
24/7 Realty Inc. - Poughkeepsie, NY
NRBA Member
I spend alot of time during the summer in Oyster Bay, Bayville, and Muttintown, but have not made it to the North Fork but here it is beautiful from my friends who reside in the town mentioned above.  I do hope to make it further east this year though during the striped bass run!  good luck in 2008!
Dec 30, 2007 01:58 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher
Laurie, I loved reading this, they are not as expensive as I would have thought.  Some friends and I were just speaking of the beautiful North Fork, I would have thought they'd be priced higher.  Even the common charges are not at all high.  Best of luck in the New Year, I'm sure many of these will sell quickly!
Dec 31, 2007 02:18 AM
Laurie Mindnich
Centennial, CO

E., if you visit, you'll want a place- it's that kind of gorgeous out here.  Happy New Year!

Carole, MOVE OUT HERE- I'd love it!  Happy New Year!

Dec 31, 2007 11:26 AM
Gary White~Grand Rapids Home Selling Pro Call: 616-821-9375
Flexit Realty "Flexible Home Selling Solutions" - Grand Rapids, MI
Real Estate Services You can Trust!
You posted some great information on the condo market opportunities...buyers and sellers will be able to review areas of choice with solid information.  Nice update Laurie.
Jan 02, 2008 11:29 AM
Laurie Mindnich
Centennial, CO
Gary, pretty simple stuff, but hopefully will provide some basics!  Thanks
Jan 04, 2008 10:08 AM