March 2010 - Recovery for Real Estate on the North Fork!

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

The month of March saw excellent sales in terms of contracts signed - the least delay sensitive measure of RE activity- compared to previous years: almost $22 1/2 Million in contracts were signed! Median Price rose almost to a record $800K.

MLS records show that the 28 transactions signed in March of 2010 was better than 2009, and even 2007, a tat less than 2008 one of the region's best years in Real Estate.  With 5 deals signed over $1 Million, that is a record for March on the North Fork.

Activity in the lower end - heavily stimulated before December 31, 2009 by the $8K tax credit, seemed to have slowed down in the first quarter, but higher priced homes were in brisk demand and contracts were sigend at very healthy levels. All great news.

STATISTICS StatsContracts

Take advantage of this market activity by calling Town and Country - call me at 631 948 0234 or email jbischoff@1townandcountry.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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