The Orient market heated up during Q3. (Photo: Courtesy of Town & Country)
The Number of Sales on the North Fork, Total Sales Volume, and Median Sales Price all declined during Q3 of 2018, as noted in the Town & Country North Fork 3rd Quarter Home Sales Report.
The Number of Sales (81) dropped 28.32 percent, while Total Sales Volume ($58,406,874) decreased by 19.61 percent and Median Sales Price ($568,000) was just slightly down by only 1.22 percent.
However, this trend isn't cause for concern according to real estate veteran Judi A. Desiderio, Town & Country Chief Executive Officer. "The North Fork markets are poised to excel," she reflected. "The only element of concern is the lack of inventory, particularly under a million dollars."
In Southold (which includes New Suffolk and Peconic), half as many Home Sales were made during Q3 of 2018, compared to Q3 of 2017. Total Home Sales Volume dropped by 38.3 percent, but the Median Home Sales Price saw a minor increase (2 percent). But, Southold was home of the most expensive sale for Q3 - 1415 North Parish Drive for $4.2 million.
While overall the North Fork market cooled down, Orient (which includes East Marion and Greenport) heated up with a 55 percent increase in Number of Home Sales, 84 percent growth in Total Home Sales Volume, and the highest Median Home Sales Price for all North Fork markets - $650,000.
"It's wonderful to see the North Fork experiencing it's potential," Desiderio added.
Nicole is the Editor-in-Chief of Hamptons.com where she focuses on lifestyle, nightlife, and mixology. She grew up in the Hamptons and currently resides in Water Mill. www.hamptons.com NicoleBarylski NicoleBarylski
We pay less,and so do you.With over 1,000 stores in our buying group, we can get the lowest prices
from the best flooring manufacturers — and pass the savings on to you.Visit our other locations: Hamptons Carpet One Floor & Home, 675 North Sea Road,Southampton, NY 11968
Southampton Masonry has been serving Long Island's masonry and tile needs since 1975. Delivering quality products from Manhattan to Montauk for over three decades. The company's continued success is due primarily to their number one priority: customer satisfaction, with a promise of prompt and courteous service from the professional, knowledgeable staff.
Southampton Masonry has the largest inventory on the east end. As direct importers they can offer a large variety of the finest quality products at the most competitive pricing for both your interior and exterior projects.
Hamptons luxury real estate specialist for 33 years, Andrea Ackerman offers outstanding expertise in the field. Trusted, experienced and successful, Andrea has solidified herself as the go-to broker of the Hamptons and a wholehearted advocate for her clients. A pioneer in the real estate industry on the East End of Long Island, she is driven by her passion for the business. Andrea is based in the Bridgehampton office of Brown Harris Stevens as a licensed real estate associate broker and consultant.
Formerly, a principal partner and Senior Director at Brown Harris Stevens, Andrea now assists in developing their corporate strategy for the Hamptons region, advising other brokers and sales associates, as well as being one of the top producers and listors.
Brown Harris Stevens is the quintessential luxury real estate firm, with a history of leadership and a culture of professionalism and discretion dating back to 1873. At every level of Brown Harris Stevens, you will find highly experienced, knowledgeable experts, single-mindedly devoted to your interests and your satisfaction. With offices in the Hamptons, New York City, Palm Beach, and Miami our brokers are exceptional - leading the field with the quality of their work ethic, their outstanding success rate and the sheer quantity of their transactions.
Southrifty Drug is a small, neighborhood pharmacy with limited shelf space, and we have to be very selective about which over-the-counter items we carry. As a result you'll find a no nonsense concentration of very effective, high quality and useful products on our shelves. In this new section, we feature a number of these products that we feel are especially worthy of your consideration.
As the only one of its kind on the North Fork, we exhibit and sell contemporary fine art works by mid-career and emerging artists with an emphasis on photo-based art. Fine art admirers and collectors enjoy opportunities to meet our exhibiting artists at special events including public receptions, Gallery Talks, and workshops.
As the only one of its kind on the North Fork, we exhibit and sell contemporary fine art works by mid-career and emerging artists with an emphasis on photo-based art. Fine art admirers and collectors enjoy opportunities to meet our exhibiting artists at special events including public receptions, Gallery Talks, and workshops.
Burner Law Group, P.C. are full service elder law attorneys concentrating in the areas of Estate Planning, Trust and Estate Administration and Litigation, Special Needs Planning, Guardianship and Elder Law. Offices in East Setauket‚ NY, Westhampton Beach, NY, and New York, NY.
www.hamptons.com
NicoleBarylski
NicoleBarylski
Go To Hamptons.com Mail
Print Article
