suffolk county: Homes Closing on the North fork of Long Island, NY - 03/18/09 01:05 PM
Authored by: Options Realty March 18th, 2009

This is an early glimpse of what can be expected in first quarter results, obtained from the MLSLI, on closing activity for properties on the North Fork of Long Island:
2009 vs. 2008
Total homes closed, Jan.01, 2009 through March 17, 2009: 44
Total homes closed, Jan,01, 2008 through March 17, 2008: 60
Median closed price, Jan. 01 2009 through March 17, 2009: $385k
Median closed price, Jan. 01,2008 through March 17, 2008: $435k
Median days on market, 2009:173.5
Median days on market, 2008:120
Median % difference from asking price to closed pricing, … (0 comments)

suffolk county: Selling a Second or Vacation home on the North Fork / East End, Long Island - 02/03/09 09:48 AM
Authored by: Options Realty February 3rd, 2009
With many vacation/second homeowners contemplating the benefits of keeping a property, or selling a home on the east end/North fork of Long Island, we thought that the following article would be of interest. It clarifies changes made on tax/ownership of second homes.
While consulting your own accountant is a given, staying on top of tax changes that impact the sale or rental of second homes for homeowners is worth keeping an eye on.
A provision of the recently enacted Housing Assistance Act of 2008, the bill designed primarily to provide relief to some homeowners facing foreclosure, … (0 comments)

suffolk county: East End, Long Island Home Sales- North Fork, NY November - 12/02/08 04:09 AM
Authored by: Options Realty December 2nd, 2008
 
The following report contains information obtained from the MLSLI. The numbers in bold indicate sold pricing vs. listed pricing. While all sales reported are deemed reliable, there is no guarantee of accuracy.
HOMES CLOSED ON THE NORTH FORK OF LONG ISLAND NOVEMBER 2008
Cutchogue, NY: 3
$389,9k, $395k; $624,9k, $593k; $929k, $865k
East Marion, NY: 2
$400k, $346k; $1.399m, $1.265m
Greenport, NY: 1
$429k, $385k
Peconic, NY: 1
$799k, $708k
Riverhead, NY: 3
$259,9k, $175k; $319k, $295k; $363k, $340k
Southold, NY: 2
$599k, $575k; $790k, $700k
HOMES UNDER CONTRACT, NOT CLOSED, ON THE NORTH … (0 comments)

suffolk county: Pre Foreclosure Report East End of Long Island - 10/14/08 11:49 AM
Authored by: Options Realty October 14th, 2008

The following data has been recorded for Lis Pendens filings between September 1, 2008 through October 10, 2008 on the east end of Long Island (North fork and Hamptons, New York):
NORTH FORK, LONG ISLAND LIS PENDENS REPORT:
BAITING HOLLOW, NEW YORK- 1
CALVERTON, NEW YORK- 2
CUTCHOGUE, NEW YORK- 1
LAUREL, NEW YORK- 1
MATTITUCK, NEW YORK- 4
PECONIC, NEW YORK- 1
GREENPORT, NEW YORK- 2
RIVERHEAD, NEW YORK- 6
SOUTHOLD, NEW YORK- 1
TOTAL NORTH FORK, NEW YORK: 19
SOUTH FORK (HAMPTONS) LONG ISLAND LIS PENDENS REPORT:
EAST HAMPTON, NEW YORK- … (0 comments)

suffolk county: Third Quarter Home Sales North Fork, Long Island - 10/02/08 05:13 AM
Authored by: Options Realty October 2nd, 2008
The following report provides all CLOSED properties in selected areas of the North Fork of Long Island from July 1, 2008 through September 30,2008, as reported to the MLSLI.  Asking price is in regular font, closed price is in bold.
This report does not contain condos/mobile home sales.
AQUEBOGUE, NY HOMES CLOSED
Closed: 6
$379k/$350k;  $449k/$435k;  $569,9k/$469,9k;  $599k/$525k;  $699k/$572,9k; $2,499m/$2,180m
Homes currently available for sale in Aquebogue, NY: 72
BAITING HOLLOW, NY HOMES CLOSED
Closed: 6
$409,9k/$390k;  $479,9k/$450k;  $519,9k/$519,9k;  $534,9k/$540k;  $549,9k/$549,9k  $849,9k/$825k
Homes currently available for sale in Baiting Hollow, NY: 57
CALVERTON, NY HOMES CLOSED
… (0 comments)

suffolk county: Lis Pendens Report North Fork and East End of Long Island - 08/31/08 01:42 PM
Authored by: Options Realty August 31st, 2008
If you’re thinking of selling or buying a property on the east end of Long Island, awareness of the undercurrent in distressed properties is provided in order to offer a realistic picture of the prevalence of the pre-foreclosure impact possible.
LIS PENDENS FILED IN AUGUST 2008, EAST END OF LONG ISLAND
TOTAL: 57
East Hampton, NY: 9
Cutchogue, NY: 1
Bridgehampton, NY: 3
East Quogue, NY: 3
Flanders, NY: 4
Calverton, NY: 1
Eastport, NY: 1
Hampton Bays, NY: 5
Sag Harbor: 3
Southampton: 5
Westhampton: 6
Quogue: 2
Southold: 4
Riverhead: 7
Montauk: … (0 comments)

suffolk county: Is It Time to Look For Homes for Sale on the North Fork of Long Island? - 08/06/08 04:05 AM
The North Fork of Long Island, like many communities, has felt the impact of the real estate MESS, reported with such frequency that many of potential buyers find themselves wondering, "When IS the right time to buy?" The Vest Pocket Consultant, Rosalind Resnick says yes in her post Time to Invest in Real Estate?
"With inflation on the rise, corporate America cutting jobs and a wave of foreclosures sweeping the country, is it time to dive in and start buying real estate?
At the risk of sounding like a 2 a.m. cable pitchman, I think the answer is “yes.”
Now, hear … (0 comments)

suffolk county: Numbers on the North Fork - 07/26/08 03:41 PM
Authored by: Options Realty July 26th, 2008
North Fork, Long Island Market Update The following information is offered in order to provide some insight into a disorderly market. With the abundance of news that those of us in the industry follow daily, percentages have become muddled- sometimes, breaking it down and offering the insight without the vague percentages helps to at least get closer in comprehension from one town/village on the North Fork to the next.
The following updates include the towns of Riverhead, Calverton, Baiting Hollow, Jamesport, Laurel, Mattituck, Cutchogue, Peconic, Southold, Greenport, East Marion, Orient, and Orient Point. The … (0 comments)

suffolk county: North Fork, Long Island Available Retirement/Vacation Condominiums - 07/23/08 08:48 AM
Authored by: Sean Stark July 23rd, 2008
The following report is a list of all available condos/coops listed in the mlsli as of July 20, 2008:
AQUEBOGUE, NY
Silver Village: 1; $369,900.
BAITING HOLLOW, NY
The Knolls/ The Knolls at Fox Hill: 10; $359k, $375k, $375k, $380k, $385k, $390k, $399k, $439k, $449,9k, $549,9k
The Bluffs: 4; $449k, $519,9k, $469k, $498,8k
CALVERTON, NY
Calverton Hills: 7; $144,9k, $170k, $174,9k, $195k, $199k, $199k, $210k
Foxwood Village: 11; $159k, $164,1k, $165k, $183,9k, $225k, $229,9k, $239,9k, $240k, $245k, $245,9k, $270k, $310k, $319k, $375k
Windcrest East: 2; $589,9k, $589,9k
GREENPORT, NY
Driftwood Cove (co-op): 3; $170k, … (0 comments)

suffolk county: Pre-Foreclosure Report on the East End of Long Island - 07/17/08 03:32 PM
Authored by: Sean Stark July 17th, 2008
The following figures represent the number of lis pendens filed on the east end, by towns reporting from March 14, 2008 through July 16, 2008, as reported to Options Realty:*
The purpose of sharing this report is to inform both sellers and buyers of the "behind the foreclosure process" potential for properties that might become available in the form of anREO. It is important to note that there are a number of these properties that will not culminate into a home owned by the bank (REO)- some may have been listed and sold; some … (0 comments)

suffolk county: 38 Home Sales on the North Fork of Long Island in April- Real Estate Market Report - 05/02/08 11:16 AM
Authored by: Sean Stark
May 2nd, 2008

The following is data collected from mlsli indicating properties that have gone under contract on the North Fork from each village / town and hamlet from April 01, 2008 through April 29, 2008:
 
Aquebogue NY: 2 sold; $350k*, $469,9k
Baiting Hollow NY: 5 sold; $70k*, $165k*, $409,9k, $479,9k, $519,9k
Calverton NY: 1 sold; $159,9k
Cutchogue NY: 2 sold; $779,7k, $1,399m
East Marion NY: 2 sold; $399k, $449k
Greenport NY: 1 sold; $399k
Jamesport NY: 2 sold; $529,9k, $599,9k
Mattituck NY: 1 sold; $415k
New Suffolk NY: 1 sold; $749k
Riverhead NY: … (0 comments)

suffolk county: The MLS on the North Fork of Long Island - 04/17/08 04:21 AM
Authored by: Options Realty April 17th, 2008
What is the MLS (MULTI LIST SERVICE), and what does it offer you, the seller of a home on the North Fork of Long Island?
The Multiple Listing Service of Long Island (MLSli) is a service that provides sellers with the opportunity to “share” their property with all MLSli Realtor participants. It is an elective service, meaning that real estate companies can utilize it to expand the reach of your property to all participating agents, or they can decline the service.
There are costs associated with joining the system, and brokers pay fees … (0 comments)

suffolk county: A Good Sign? - 04/08/08 06:36 AM
Authored by: Options Realty April 8th, 2008
For buyers and sellers of homes on the North Fork of Long Island, the current market woes nationally have created an uncertainty- sell? Buy? Wait it out?
This article in the Houston Chronicle, offers a glimmer of reality for all following the market. While certainly not a guarantee of improved conditions, the search for some kind of historical data that might offer a time-target has been conveyed here.
While the indicator is that we are likely nine months from tangible evidence of a turn-around, keeping an eye on builder stocks as a conduit for … (2 comments)

suffolk county: Buying Power on the North Fork - 03/26/08 12:55 PM
March 26th, 2008 - Options Realty - Laurie
Recently, we’ve received several inquiries from people interested in vacation/second/retirement homes on the North Fork of Long Island, New York.
While the majority of people are in the early stages, there is confusion- take the plunge, or wait?
Statistics are offering a clear indication that we are in a buyer-friendly market. As buyers, you control the market- a welcomed change from the days of frantic bidding wars, and disappointment.
Do buyers truly understand the power that they wield? I don’t think so- at least, not in New York.
And certainly, not on … (2 comments)

suffolk county: The 2007 Home Sales Wrap-Up for Riverhead, New York - 01/15/08 03:01 PM
Authored by: Options Realty
January 16th, 2008 
For those considering buying or selling a home in Riverhead, New York, the information below is intended to assist. RIVERHEAD, NEW YORK: MARKET REPORT FOR 2007 DETACHED HOMES SOLD and CLOSED IN 2007 BY PRICE POINT*

Price range: $150,000. TO $250,000 NUMBER SOLD: 9
Days on the market average: 91 2 STORY:1 RANCH:5 “OTHER”:1 MOBILE HOME:2 # OF HOMES CURRENTLY FOR SALE:14
Price range: $251,000 TO $350,000 Number SOLD:24 Days on the market average:119 2 STORY:11 RANCH:12 MOBILE HOME:0 “OTHER”:1 # OF HOMES CURRENTLY FOR SALE: 29
Price range: … (0 comments)