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Town & Country North Fork 3rd Quarter 2014 Home Sales Report

By Judi Desiderio, Monday, October 20, 2014
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Since the winter of 2013 I’ve been saying 2014 will be the year of the North Fork and yes it has been like a snowball rolling downhill, building in size and momentum.

All 4 markets monitored by TOWN & COUNTRY REAL ESTATE rose in all 3 criteria – Number of Home Sales, Total Home Sales Volume and Median Home Sales Price.

In fact, 2 markets more than doubled in Home Sales activity or the Number of Home Sales transferred

Orient (which includes East Marion and Greenport) statistically realized the greatest gain with a 183% leap from 12 Home Sales in 3rd Quarter 2013 to 34 in 2014 same quarter.

In Mattituck (which includes Laurel and Cutchogue) the Total Home Sales Volume shot up 266% from nearly $6M in 2013 to almost $22M in Home Sales year to year 3rd Quarter. In Southold (which includes New Suffolk and Peconic) the Total Home Sales Volume saw the highest dollar value with $29M changing hands.

Mattituck (which includes Laurel and Cutchogue) also logged the greatest increase in Median Home Sales Price at 47% from $347,500 in 2013 to $510,000 in 2014 3rd Quarter. With 38 Home Sales in 3rd Quarter in Mattituck and a Median Home Sales Price of $510,000, the trajectory for Mattituck and the North Fork markets is up, up, up!

Viewing All North Fork Markets Combined, the future is even more clear as all 3 criteria and all 6 price ranges monitored by TOWN & COUNTRY are firmly in the BLACK!