Sean Stark

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.

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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Authored by: Laurie Mindnich - for Options Realty
March 15th, 2009

It was with relief that a new search feature on the MLSLI (multi list service of Long Island) was discovered- it’s an REO (bank owned) and short sale search.

It’s now possible to sort properties with these buyer parameters, but is also helpful for sellers.

Knowing what’s out there, and being able to access it, is a function needed in a distressed market, and MLSLI has heeded the call.

Unfortunately, this search feature is not yet available for consumers on the MLS feed, but we’re happy to perform the search, and send properties of interest until it becomes integrated into the consumer search feed.

We’ll need parameters: towns, preferred home style, price range; once entered, we are able to implement the search, and deliver the results to your email.

Sellers, if you’re considering putting your home on the market, this is need-to-know information that we are happy to provide.

Searching for MLSLI listed properties that are foreclosures, REO, bank owned, and short sale offerings has never been easier on the North fork/East end/Hamptons, NY area, and the large majority of offerings are present in both areas- we’re happy to help!

Check back soon- we’ll be launching eastendreo.com, and well as eastendforeclosures.com. Both sites will include properties on the mls feed, making your search simple in less than simple times.

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.

Authored by: Options Realty
March 6th, 2009

When a foot of snow is the sight present at my front door, it occurs to me that owning a property absent certain time consuming tasks might be a great idea. While I have a few more years to go before the leap to a 55 and better, retirement, or active adult community occurs, I’m looking very forward to it.

Absent the element of “retirement”, there are any number of choices for those seeking a low maintenance family condo on the North fork. Below, please find an overview of available condos. All info is obtained from MLSLI, subject to error. *CS indicates common charges. Common charges and taxes are estimates.

In Aquebogue, NY:

SILVER VILLAGE

Price range available: $379.900. CS: $236 Taxes: $6774

In Baiting Hollow, NY:

THE KNOLLS

Price range available: $299k-$479K CS: $257-$335 Taxes: $4757-$4811

THE BLUFFS

Price range available: $364,500-$468,888 CS: $326 Taxes: $5603-$5581

In Calverton, NY

CALVERTON HILLS

Price range available: $137,990-$204,900 CS: $275 Taxes: $2094.

FOXWOOD VILLAGE

Price ranges available: $169,900-$360,000 CS: $410-$468 Taxes: $3229-$6097

WINDCREST EAST

Price ranges available: $545,000-$589,900 CS: $272-$300 Taxes: $4947-$5780

In East Marion, NY

CLEAVES POINT

Price ranges available: $849,000 CS: $575 Taxes: $3069

In Greenport, NY

BREEZY SHORES

Price ranges available: $ 349,900 CS:$300 Taxes: $1261

DRIFTWOOD COVE

Price ranges available: $179k-$180k CS:$303 Taxes:$-

PHEASANT RUN

Price ranges available: $439k CS:$375 Taxes:$3214

STERLING COVE

Price ranges available: $765k CS:$484 Taxes:$2306

In Jamesport, NY

MAIDSTONE LANDING

Price ranges available: $649k-$1.275m CS:$455-$535 Taxes:$6000-$7500

In Riverhead, NY

WILLOW PONDS

Price ranges available:$269k-$479k CS:$273-$291 Taxes:$4129-$5032

MILL POND COMMONS

Price ranges available:$282k-$307 CS:$187-$210 Taxes:$2454-$2574

SADDLE LAKES

Price ranges available:$369k-$379k CS:$288 Taxes:$3760-$3834

STONELEIGH WOODS

Price ranges available:$365k-375k CS:$263 Taxes:$4250-$4550

SUNKEN PONDS

Price ranges available:$375k-$419k CS:$300. Taxes:$3731-$6282

THE HIGHLANDS

Price ranges available:$574,900 CS:$394. Taxes:$10,112

Southold, NY

COLONIAL VILLAGE

Price ranges available:$172,200-$277,650 CS:$355-$390 Taxes:$150-$170

FOUNDERS LANDING

Price ranges available:$349k-$359k CS:$240 Taxes:$2570

To view MLSLI listings on all properties mentioned, just click here, and enter “condo/co-op” and your town of interest.

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 also.

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