TOWN & COUNTRY’S 1st Quarter Homes Sales Report for the North Fork clearly demonstrates forward motion and a new trend as the investment opportunities on the North Fork are attracting customers from as far away as France and as near as Manhattan. As a continued emerging market, the future for the North Fork is, far and away, going to outshine the past.
If you can down to All North Fork Markets Combined you will see 66 of the 70 Home Sales recorded, or over 94% are sales below $1M.
Looking at specific markets you will see Southold (including New Suffolk and Peconic) and Orient (which includes East Marion and Greenport) enjoyed significant increases in sales activity with the Number of Home Sales increasing 62% and 117% respectively.
The Total Homes Sales Volume for Orient (which includes East Marion and Greenport) exploded by over 136% from $2.488 to $5.9M!
Overall the North Fork 1st Quarter Home Sales Report is heavily weighted by robust activity. Although there is a slight dip in Median Home Sales Price from $415,500 1st Quarter 2011 to $391,750 for the 1st Quarter 2012, the remarkable 40% jump in the Number of Homes Sales and a 23% increase in total Home Sales Volume speaks for itself.
Judi A. Desiderio, CEO
**All information is deemed reliable and correct. Information is subject to errors, omissions and withdrawal without prior notice.