REAL ESTATE ON THE NORTH FORK REBOUNDS STRONGLY IN APRIL 09

By
Managing Real Estate Broker with Town and Country Real Estate of the North Fork

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People who have followed my blog and the statistics I keep on the most current Real Estate Data on the North Fork RE Activity were already aware, but, honestly, I am glad that the facts are now supporting my optimism since February: the number of days homes sit on the market before they sell fell, median price rebounded a bit, and April of 2009 beat April of 2008 hands down in number of transactions, number of transactions above $1 million, although total salesvolume in dollars still fell a bit behind (a lot of lower priced sales of attractively priced homes - value - the year of the deal!)

Statistics North Fork Real Estate - Contracts Signed

This is truly good news for the North Fork and signals a great buying opportunity! As Barbara Corcoran mentioned during a Wells Fargo Event in Aquebogue (WWW.VineyardCaterers.COM - a great venue for events), it is for the historic first time in a very long time that home prices and interest rates are extremely low at the same time; normally if one of the two were lower, the other was not. And of course the Government stimulus and first time Home Buyer benefits ($8,000, Federal, and maybe coming from NYS -it's already int he State Senate- another $7,000 tac deduction) make this a great market for first time home buyers - for now, this will not last.

Contact jbischoff@1townandcountry.com for more information or visit www.buyersconnections.com

 

 

Posted by

Joan H. Bischoff van Heemskerck, Managing Director, North Fork and Shelter Island, Town & Country real estate Tel 631 948 0234 or jbischoff@1townandcountry.com

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