The first 6 months of 2014 were outstanding for all North Fork markets monitored by TOWN & COUNTRY, as all 4 markets saw significant gains in the Number of Home Sales by as much as 69%, as was the case in Orient (which includes East Marion and Greenport).
Mattituck (which includes Laurel and Cutchogue) and Orient (which includes East Marion and Greenport) more than doubled in Total Home Sales Volume. In fact, the Mattituck (which includes Laurel and Cutchogue) market shot up 110% with over $51 million in sales traded. The two highest sales in the $3.5 to $4.99M both occurred in Mattituck (which includes Laurel and Cutchogue), which contributed to the Total Home Sales Volume.
Southold (which includes new Suffolk and Peconic) posted the greatest statistical increase in Median Home Sales Price at 9.5% from $431,500 in 2013 to $472,500 in 2014 same time period.
TOWN & COUNTRY breaks down 6 different price categories within each market we monitor, and in the first half of 2014 there were 6 home sales in the $2M – $3.49M price range which equates to a 500% increase year over year, and 2 sales in the $3.5 – $4.99M range.
The North Fork waterfronts properties and farms are seeing a new buyer demographic who appreciates the beauty of our northern peninsula.
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Judi A. Desiderio, CEO
jd(at)1TownandCountry(dotted)com
631.324.8080