Press Release: January 17, 2014
TOWN & COUNTRY’S 4th Quarter North Fork Home Sales Report shows a rise in all criteria, thereby positioning the North Fork to clearly be in a solid recovery mode.
The Mattituck market (which includes Laurel and Cutchogue) jumps right off the charts with an explosive 262% leap year to year in the Total Home Sales Volume and nearly twice the Number of Home Sales — from 18 in 4th Quarter 2012 to 51 home sales in 4th Quarter 2013. The four primary price ranges all enjoyed incredible gains. In fact, on the high end, the $2M – $3.49M price range, 3 of the 4 homes that sold on the North Fork in the last 3 months of 2013 were in the Mattituck market.
Both Southold (which includes New Suffolk and Peconic) and Orient (which includes East Marion and Greenport) saw over 40% increases in the Number of Home Sales 4th Quarter 2013.
Jamesport (which includes Aquebogue, Baiting Hollow and South Jamesport) realized the highest jump in the Median Home Sales Price or 25.4% increase from $366,750 to $460,000 year to year.
Looking at all North Fork Markets Combined and the tale to be told is the North Fork is ready for happy times in 2014.All three criteria, as well as all price ranges monitored by TOWN & COUNTRY are solidly in the BLACK! The Number of Home Sales is up 70%, Total Home Sales Volume is up 85%, and the Median Home Sales Price is up 13%. While the bulk of the sales are still under $500K, the next price range of $500K – $999K experienced the greatest increase of 120% from 20 homes sales in 4th Quarter 2012 to 44 home sales in 4th Quarter 2013.
Buckle in North Fork, 2014 is your year! To view all reports visit here.JD(at)1TownandCountry(dotted)com