Authored by: Laurie Mindnich
July 1st, 2009
Once again (time flies), it's time for an update on homes sold/homes under contract on the North fork of Long Island for June 2009. All info is obtained from MLSLI, and while deemed reliable, no guarantees.
Homes Under Contract June 1- June 30, 2009: 43
Median Listing Price: $358,296.00
Leading the pack for contracts was Calverton (9), followed by Riverhead (8) and Southold (7).
Homes Under Contract June 1- June 30, 2008: 44
Median Listing Price: $477,500.00
Homes CLOSED, June 1- June 30, 2009: 31
Median closed price: $385,000.00
Leading the pack for closed homes on North fork of Long Island was Southold (8), followed by Calverton (6) and Cutchogue (6).
Homes CLOSED, June 1- June 30, 2008: 34
Median closed price: $418,500.00
Little unexpected with the June results; prices have declined, but sellers providing lower prices are getting their homes sold at a pace comparable to last year.
Another element to add to the assessment are the lis pendens figures for the east end of Long Island (Hamptons/North fork).
While the North fork has significantly fewer lis pendens relative to the Hamptons, the numbers have increased over the course of the last month in total for both areas.
Reported lis pendens filings for the East end of Long Island, June 2009: 107
Reported lis pendens filings for the East end of Long Island, June 2008: 53
As has been the norm, the areas reporting the highest lis pendens actions are in Southampton and East Hampton, NY.
The number of sales is remaining consistent; the number of preforeclosure/ lis pendens actions reported has doubled.
Government mandated moratoriums that delay pre-foreclosure actions may well have impacted the lower 2008 figure.
*Lis pendens data courtesy The Long Island Real Estate Report
*Sales data courtesy MLSLI
Areas included in the under contract/sold statistics include Aquebogue, Baiting Hollow, Calverton, Cutchogue,
East Marion, Jamesport, Greenport, Peconic, New Suffolk, Laurel, Mattituck, Southold, Riverhead, and Orient, New York. Statistics include manufactured housing as reported to MLSLI.
If you are looking for a home for sale on the North Fork / East End of Long Island, please fill out the form below.
To search available homes for sale on the North Fork / East End Long Island or condos on the North Fork of Long Island, click “north fork homes”, enter your area of interest and any parameters, and click “go”- properties for sale include Riverhead, Aquebogue, Baiting Hollow, Calverton, Jamesport, Laurel, Mattituck, Cutchogue, Peconic, Southold, Greenport, East Marion, Orient, Orient Point, Westhampton Beach, Hampton Bays, Flanders, Southampton, Sag Harbor, East Hampton, Montauk, NY.