The last 3 months of 2014 were good for the North Fork in 3 of the 4 markets monitored by TOWN & COUNTRY. In fact, Jamesport (which includes Aquebogue, Baiting Hollow and South Jamesport) increased 33%. The only hamlet to see a decline was Mattituck (which includes Laurel and Cutchogue) dropping a significant 33% from 51 home sales to 34 year to year 4th Quarter.
Orient (which includes East Marion and Greenport) had the most Number of Home Sales with 38 for the quarter. Orient (which includes East Marion and Greenport), also experienced the greatest bounce in all 3 categories monitored by TOWN & COUNTRY with a 27% increase in Number of Home Sales, a 55% jump in Total Home Sales Volume and a 23% gain in Median Home Sales Price.
All TOWN & COUNTRY Associates from our 8 offices are reporting the busiest January since 2005 for appointments. This should reflect on the TOWN & COUNTRY 1st Quarter 2015 Home Sales Report.
At TOWN & COUNTRY we are experiencing an up-tick in buyers in all price categories but a shortage of listings.
Looking at All North Fork Markets Combined and we see that the volume of business is consistent with the last 3 months of 2013 but the Median Home Sales Price rose 5.2%. There’s no doubt that the North Fork Real Estate Market is on an ascent.