2016 3rd Quarter Home Sales on Long Island’s North Fork demonstrates the heightened interest in these beautiful hamlets.
Jamesport (which includes Aquebogue, Baiting Hollow and South Jamesport) saw 22 homes trade hands, a 37.5% increase from last year’s 16 sales, same quarter. Additionally, the Total Home Sales Volume rose 31% from $7.1M in 2015 to $9.3M in 2016.
Mattituck (which includes Laurel and Cutchogue) enjoyed a great July, August and September this year with a 13% increase in Number of Home Sales, a 41% spike in Total Home Sales Volume and a 6% rise in Median Home Sales Price to $520,000. In fact, Mattituck (which includes Laurel and Cutchogue) recorded the 3 highest price sales for the quarter, all over $2M.
Southold (which includes New Suffolk and Peconic) had 2 less home sales for the quarter and a 12% decline in Total Home Sales Volume, but the Median Home Sales Price price remained steady at $465,000.
Orient (which includes East Marion and Greenport) experienced a similar pull back with 1 less home sale and a 20% drop in Total Home Sales Volume. Yet the Median Home Sales Price price ticked up to $515,000 or 2.7% increase.
“Our North Fork markets are poised to continue enjoying increased activity for the remainder of the year”, stated Judi Desiderio, Chief Operating Officer.
Looking at All North Fork Markets Combined and you see most categories safely in the black.
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