The North Fork Real Estate Market Cools Off
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
East End Tick Control
The East End's only New York State licensed dedicated tick and mosquito control specialists!
Hamptons Carpet One Floor & Home
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-Visiting the Southampton or the Wainscott locations is an exciting experience.
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.
Hamptons luxury real estate specialist for 34 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.
Southrifty Drug 54 Jagger Lane, Southampton Village
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.
Burner Law Group, P.C.
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.
Calissa is Mykonos in the Hamptons.
Our menu focuses on seafood and Greek dishes such as salt baked fish, seafood pasta and Mediterranean mezze. Our wine list has been awarded The Award of Excellence from Wine Spectator and boasts the largest selection of rosé in the Hamptons. The name Calissa is derived from the brightest constellation in the summer sky.Our sister restaurants in New York are Amali and Bar Marseille, opening 2020 in the Rockaways. Calissa offers private dining spaces for groups from 10 to 300 people. To plan your next wedding, corporate event or gathering, please email firstname.lastname@example.org. 1020 MONTAUK HIGHWAY, WATER MILL