105 Hill Road in Southold was represented by Thomas McCloskey of Douglas Elliman.
"The North Fork market remains very strong and inventory remains tight," explained Karla Dennehy, Licensed Associate Real Estate Broker and Certified Buyer's Broker at Douglas Elliman, about The Elliman Report: North Fork 3Q17.
Q3 was the sixth consecutive year over year where the North Fork saw a decline in listing inventory and it was also the lowest marketing time in 12 years with the least negotiability in three years.
"Buyers need to be decisive when they find the property that most meets their needs and make their offers as strong as possible from the onset," Dennehy reflected.
As inventory disappeared, the median sales price increased 6.8 percent from Q3 of 2016 to $550,000 and the average sales price was also slightly higher, with a 1.3 percent growth to $691,061. Overall, the number of sales declined by 10.1 percent to 179. The listing discount dropped by 6.3 percent and the listing inventory also saw a decrease, dropping 9.1 percent to 429.
"Sellers have a great opportunity to get their homes sold and should price them in the market to get the most activity and best possible offers," Dennehy concluded.
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.
Paul Guillo And Chris Hall
Two Of The Most Respected Names In The Community
Together, they are partners in CP Complete. They bring their years of experience
and integrity to creating and renovating luxury backyards.
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.