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
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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.
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 Setauketé NY, Westhampton Beach, NY, and New York, NY.
Aimee Fitzpatrick Martin, Licensed Associate Real Estate Broker
Considered a West of the Shinnecock Canal expert with a 5-star Zillow ranking, Aimee specializes in the luxury and waterfront markets in Quogue, Westhampton Beach, Remsenburg, East Quogue and Hampton Bays. With exceptional communication skills and a buttoned-up approach to every deal, she is highly skilled in the art of the negotiation process. Understanding the nuances of buying and selling waterfront homes, especially on Dune Road, is a specialty.