North Fork Real Estate 4th Quarter 2017 Home Sales Report

January 23rd, 2018 - by Judi Desiderio
Filed under: Home Sales, Home Sales Reports, market conditions

The last three months of 2017 were very strong for North Fork Home Sales. With the Number of Home Sales up nearly 20%, from 92 to 110 year over year, and Total Home Sales Volume up 13%, there’s much to cheer about!

Looking further at All North Fork Markets Combined and we see the greatest statistical jump was in the $1-$1.99M price range which exploded by 71.4%. All told though 97 of the 110 Home Sales occurred under a million and the Median Home Sales Price for the 3rd Q 2017 was 531,500, slightly higher than 2016 same quarter.

Delving deeper into the statistics and you clearly see Southold (which includes New Suffolk and Peconic) is the best in class with a staggering 62% more in Number of Home Sales and 54% greater Total Home Sales Volume 2017 compared to 2016, 4th quarter, yet Median Home Sales Price remained relatively stable.

Jamesport (which includes Aquebogue, Baiting Hollow and South Jamesport) performed incredibly well with 42% more Home Sales and 42% greater Total Home Sales Volume with the Median Home Sales Price up 23%!

Mattituck (which includes Laurel and Cutchogue) had the highest Median Home Sales Price of $595,000.

Conversely Orient (which includes East Marion and Greenport) was a bit of an anchor with 13% fewer Home Sales and a 23% drop in Total Home Sales Volume.

All in all the North Fork markets are gaining momentum. At TOWN & COUNTRY our North Fork offices are seeing the most sales activity in over the past 12 years!

To view all reports visit http://www.townandcountryhamptons.com/html/marketReports.php




Leave a Reply