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North Fork 2nd Quarter 2014 Home Sales Report

By Judi Desiderio, Friday, July 18, 2014
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TOWN & COUNTRY’S 2nd Quarter North Fork Home Sales Report confirms what those of us in the industry have anticipated…2014 is the year for the North Fork.

All 4 markets monitored by TOWN & COUNTRY saw increases in the Number of Home Sales by as much as 123%. Southold (which includes New Suffolk and Peconic) also enjoyed wearing the crown for the greatest increase in Total Home Sales Volume at 152% from nearly $7M to $17.5M.

Orient (which includes East Marion and Greenport) experienced the greatest Median Home Sales Price increase at 13% from $420,000 to $474,000 year to year.

Mattituck (which includes Laurel and Cutchogue) tallied the highest Total Home Sales Volume at $23,188,189 – a sharp increase of 125% from last year’s $10,316,551. Mattituck (which includes Laurel and Cutchogue) posted the only North Fork sale in the $3.5 – $4.99M price category for the 2nd Quarter 2014.

Looking at All North Fork Markets combined and the indisputable fact IS that 2014 is the year for the North Fork. Statistically, the gains in all 3 criteria and all price ranges monitored by TOWN & COUNTRY, were significant. The Total Home Sales Volume exploded by 75.5% year over year and the Number of Home Sales jumped up 46%. This is a trend expected to continue as the beauty of the North Fork and the farm-to-table movement brings more admirers.