Riverhead, NY

Authored by: Laurie Mindnich
July 1st, 2009

Once again (time flies), it's time for an update on homes sold/homes under contract on the North fork of Long Island for June 2009. All info is obtained from MLSLI, and while deemed reliable, no guarantees.

Homes Under Contract June 1- June 30, 2009: 43

Median Listing Price: $358,296.00

Leading the pack for contracts was Calverton (9), followed by Riverhead (8) and Southold (7).

Homes Under Contract June 1- June 30, 2008: 44

Median Listing Price: $477,500.00

Homes CLOSED, June 1- June 30, 2009: 31

Median closed price: $385,000.00

Leading the pack for closed homes on North fork of Long Island was Southold (8), followed by Calverton (6) and Cutchogue (6).

Homes CLOSED, June 1- June 30, 2008: 34

Median closed price: $418,500.00

Little unexpected with the June results; prices have declined, but sellers providing lower prices are getting their homes sold at a pace comparable to last year.

Another element to add to the assessment are the lis pendens figures for the east end of Long Island (Hamptons/North fork).

While the North fork has significantly fewer lis pendens relative to the Hamptons, the numbers have increased over the course of the last month in total for both areas.

Reported lis pendens filings for the East end of Long Island, June 2009: 107

Reported lis pendens filings for the East end of Long Island, June 2008: 53

As has been the norm, the areas reporting the highest lis pendens actions are in Southampton and East Hampton, NY.

The number of sales is remaining consistent; the number of preforeclosure/ lis pendens actions reported has doubled.

Government mandated moratoriums that delay pre-foreclosure actions may well have impacted the lower 2008 figure.

*Lis pendens data courtesy The Long Island Real Estate Report

*Sales data courtesy MLSLI

Areas included in the under contract/sold statistics include Aquebogue, Baiting Hollow, Calverton, Cutchogue,

East Marion, Jamesport, Greenport, Peconic, New Suffolk, Laurel, Mattituck, Southold, Riverhead, and Orient, New York. Statistics include manufactured housing as reported to MLSLI.

If you are looking for a home for sale on the North Fork / East End of Long Island, please fill out the form below.

To search available homes for sale on the North Fork / East End Long Island or condos on the North Fork of Long Island, click “north fork homes”, enter your area of interest and any parameters, and click “go”- properties for sale include Riverhead, Aquebogue, Baiting Hollow, Calverton, Jamesport, Laurel, Mattituck, Cutchogue, Peconic, Southold, Greenport, East Marion, Orient, Orient Point, Westhampton Beach, Hampton Bays, Flanders, Southampton, Sag Harbor, East Hampton, Montauk, NY.

Stoneleigh Woods is the newer of the active 55 and over residences in Riverhead Long Island in Suffolk County.

When completed, Stoneleigh Woods will be a gated community with groupings of 4 attached units. Situated on approximately 40 acres, there are plans for a clubhouse, fitness center and heated pool. The 2 model designs being built at Stoneleigh are the Aspen and The Birch. Each has 2 bedrooms and 2 or 2.5 baths and each has a one car attached garage. The Aspen is the end units with both bedrooms on the main level. There is a storage loft on the upper level and it can be finished at an additional charge. The Birch, which are the interior units, has a more open floor plan on the main level. This design has 1 bedroom on the first level and 1 bedroom on the upper. There are upgrades that are being offered so you can customize your interiors. The models range in size from approximately 1,942 to a little over 2,000 square feet.

LARRY AND SHEILA Realtors with Charles Rutenberg Realty can sell you a Aspen or Birch unit in this new 55 and over active retirement community of Stoneleigh Woods, or any other community on the North Shore of Long Island. Please call us at 631-805-4400. We're Licensed Associate Broker, Certified Relocation Specialists, Certified Buyer Broker Representatives, Certified Negotiation Specialists, and Certified Short Sale Specialist!

http://www.suffolkexperts.com

All content, including text, and photographs is the exclusive property of Suffolk Experts, and may not be used without the expressed written permission of Larry & Sheila. All information is believed to be accurate but is not guaranteed.

Stoneleigh Woods in Riverhead Long Island is a newer 55 and over active adult community in Suffolk County New York and can be reach by Exit 73 on the Long Island Expressway and Middle Road.

Stoneleigh Woods, when it is completed, will be a gated community. There are plans for a clubhouse, fitness center and heated pool. The 2 models at Stoneleigh Woods are the Aspen and The Birch. They both have 2 bedrooms and either 2 or 2.5 baths. The Aspen model has both bedrooms on the main level with a storage loft on the upper and are the end units. The Birch, which are the interior units, have 1 bedroom on the main level and 1 bedroom on the upper. They range in size from approximately 1,942 to a little over 2,000 square feet.

LARRY AND SHEILA Realtors with Charles Rutenberg Realty can show you this new 55 and over active retirement community of Stoneleigh Woods, or any other community on the North Shore of Long Island. Please contact LARRY & SHEILA at 631-780-4422.

Email: sheila@suffolkexperts.com

http://www.suffolkexperts.com

All content, including text, and photographs is the exclusive property of Suffolk Experts, and may not be used without the expressed written permission of Larry & Sheila. All information is believed to be accurate but is not guaranteed.

Authored by: Laurie Mindnich
March 20th, 2009

While we follow the interminable agenda of “Riverhead Revitalization”, rarely is there a more touching glimpse of the reality that waits…and waits…FOR SOMETHING!

Nan Patience, from the local Riverhead Blog, Back at the Ranch , provides an interesting look into the current semi-abandoned state of Downtown Riverhead.
http://www.nanpatience.com/?p=399

Thank you Nan Patience for such a realistic perspective, from someone else who cares.

Authored by: Options Realty
March 18th, 2009

This is an early glimpse of what can be expected in first quarter results, obtained from the MLSLI, on closing activity for properties on the North Fork of Long Island:

2009 vs. 2008

Total homes closed, Jan.01, 2009 through March 17, 2009: 44

Total homes closed, Jan,01, 2008 through March 17, 2008: 60

Median closed price, Jan. 01 2009 through March 17, 2009: $385k

Median closed price, Jan. 01,2008 through March 17, 2008: $435k

Median days on market, 2009:173.5

Median days on market, 2008:120

Median % difference from asking price to closed pricing, 2009: -8.15%

Median % difference from asking price to closed pricing, 2008: -8.05%

Towns included in the search for sold homes: Aquebogue, Baiting Hollow, Calverton,Cutchogue,East Marion,Greenport, Jamesport, Laurel, Mattituck, Orient, Peconic,Riverhead, Southold. Search does not include private sales. All info offered, while deemed reliable, has no guarantee.

Of the figures offered for 2009, three properties closed that were either bank owned (REO), or short sale transactions.

Awareness of market conditions and changes is more important now than ever- check back to receive additional North Fork/East End of Long Island updates. While much is available in the way of market information, tracking closings as they decline will afford the opportunity to await the inevitable “bottom”- think cyclical.

To search available condos or homes for sale on the North Fork / East End Long Island or condos on the North Fork of Long Island, click “north fork homes”, enter your area of interest and any parameters, and click “go”- properties for sale include Riverhead, Aquebogue, Baiting Hollow, Calverton, Jamesport, Laurel, Mattituck, Cutchogue, Peconic, Southold, Greenport, East Marion, Orient, and Orient Point, NY.

To get more specific local North Fork or East End real estate information, fill out the form below with your questions/comments. We know how to find properties coming on the market, and available. If you’re looking for a foreclosure on any part of Long Island, we’ll help you find it.

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