TOWN & COUNTRY’S 1st Quarter 2014 North Fork Home Sales Report provides the statistical evidence needed to demonstrate true strength in the North Fork Real estate market.
Orient (which includes East Marion and Greenport) is the shining beacon at the eastern most end of the North Fork peninsula with a 171% jump in Number of Home Sales from 7 to 19, in the first three months year to year. These sales were at higher price points as seen in the Median Home Sales Price increase of 33% from $327,500 in 1st Quarter 2013 to $436,000 in 1st Quarter 2014. Both statistics pushed Total Home Sales Volume for Orient (which includes East Marion and Greenport) to $9.5M from $2.7M — a jump of 254%.
Three of the 4 markets monitored by TOWN & COUNTRY realized considerable increases in sales activity. Only Southold (which includes New Suffolk and Peconic) dipped 29.4% in Number of the Home Sales from 17 to 12 which then pushed the needle down 27% for Total Home Sales Volume.
Jamesport (which includes Aquebogue, Baiting Hollow and South Jamesport) is enjoying 2014 with impressive increases in Number of the Home Sales, Total Home Sales Volume and Median Home Sales Price — 57%, 75% and21% increases respectively.
Viewing the stats for All North Fork Markets Combined and the increase in home sales activity on the North Fork is acutely clear with a 36% leap in Number of the Home Sales and a staggering 65% jump in Total Home Sales Volume.