The following properties have sold in November on the North fork of Long Island (sold=closed real estate transactions for all villages). This report is for single family properties from Riverhead to Orient Point. Asking price/Closed price:
Aquebogue, NY:
365 Stonecrop Rd: $599k/$569k
Cutchogue, NY
Total sold: 6
1975 Skunk Ln: $369k/$335k
3610 Bridge Ln: $389k/$372.5k
1455 New Suffolk Rd: $400k/$355k
6145 Bridge Ln: $529k/$515k
1547 Stillwater Ave: $759k/$700k
1050 W. Cove Rd: $2.2M/$1.95M
East Marion, NY
2940 The Long Wy: $350k/$352.8k
1910 The Long Wy: $425k/$365k
240 The Crescent: $449k/$425k
15345 Main Rd: $1.335M/$1.3M
Greenport, NY
620 Maple St: $195k/$190k
300 Bailey Ave: $369k/$350k
1410 Maple Ln: $450k/$390k
Jamesport, NY
36 St. Marys Dr: $435k/$415k
966 Peconic Bay Blvd: $449k/$400k
270 Herricks Ln: $499k/$485k
Laurel, NY
1810 N. Oakwood Dr: $435k/$400k
Mattituck, Ny
2490 Pike St: $179k/$145k
1175 Central Dr.: $319k/$315k
3225 Grand Ave: $359k/$300k
3500 Cox Neck Rd: $409k/$385k
1145 Grand Ave: $454.9k/$447.5k
New Suffolk, NY
735 Jackson St: $1.395M/$1.312M
755 Kimogenor: $1.6M/$1.5M
Orient, NY
29215 Main Rd: $799k/$730k
21055 Main Rd: $799k/$754k
Riverhead, NY
772 Raynor Ave: $145k/$77k
1075 Northville Tpke: $179k/$168k
140 Woodhull Ave: $239k/$217k
140 Rabbit: $275k/$273k
906 Pond View Rd: $339k/$315k
115 Hubbard Ave: $395k/$385k
11 Kingfish Ct: $449k/$414.2k
South Jamesport, NY
126 Green St: $449k/$395k
Southold, NY
50915 Main Rd: $349k/$335k
1845 Hortons Ln: $499k/$499k
1305 Bay Haven Ln: $519k/$487k
450 Brigantine Dr: $549k/$484.6k
1135 Calves Neck Rd: $875k/$850k
Homes closed November 2011: 40
Homes closed November 2010: 42
Homes under contract have increased in November 2011 vs. November 2010.
Total homes reported under contract for 2011 are 37
Total homes reported under contract in 2010 were 35.
It would appear that while home sellers on the North fork are not reducing their homes for sale at the onset, they are accepting a larger discount from list pricing in 2011 over 2010.
Average listing discount in 2011: 7.71
Average listing discount in 2010: 4.69
Providing an “average” sales price is often skewed when a few large, or a few small properties appear, so keeping that in mind, and using as a guideline actual closings shown above, the average sales pricing from 2011 vs 2010 is as follows for all of the North fork:
2011 average sales price: $516,446.
2010 average sales price: $446,531
Interestingly, the median difference is less dramatic:
2011 median sales price: $397,500
2010 median sales price: $377,500
If you are interested in finding real estate on the North fork of Long Island, click here.
If you are interesting in finding an east end reo/foreclosure in the Hamptons and North fork, click here.
*all statistics used can be found at MLSLI. While deemed reliable, no guarantees.
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