Fall Roundup on North Fork Real Estate

The year started out like the recession had  dissipated a little and that  things were ready to turn, but that Spring promise has not materialized in the Fall selling season. although sales are slightly  ahead of 2009 there is an eerie silence right now… not to much activity . Could it be  that the  people are waiting for the  congress to decide whether to extend the  federal tax cuts and if so at what level..  the current  media speculation is…that  we now see in the regional newspapers.. trying to get the  congressional folks to take a stand. the bright spots are that homes priced correctly , that is within ten percent of  the ultimate selling price will sell in  140 days or less, home priced above that will languish on the market with little activity… if you have a home in that category you have probably seen  little activity and no offers… of if you  did have an offer is was early on the process… that may have been your best offer and you did not know it.

All in all, the best sellers so far  this year have been homes  at $500,000 or less within walking disitance of the beach.

2011 North Fork real Estate Market(Aquebogue to Orient Point)

Well,  it's almost June,  and we can see now pretty much what has happend here on the  North Fork so far this year to date(5/25). One hundred and thirty properties have gone into contract at the average price of $659,368.00 and  avrg. DOM 216  vs. 2010 year to year  one hundred and fifty two with an average price of $639, 192, and avg. DOM 192. As you can see we are about twenty two units behind  2011, but the the average price is up a smidge, $20,000.  Last year,  there was a federal tax credit available for first time home buyers which couid account for the  slight differential between  last year and this year  to date.
The properties most in demand are properties under $500,000 with  proximity to a beach. The statistics still reflect properties that are priced correctly are  averaging  one hundred and forty days or less  on  the market and are selling within ten percent of the  last asking price.

 If you woud like to see a lot of open houses make it your business to be out  on the North Fork for June  4-5th.  It is  National Open House Week End and I expect that almost every local company will be opening up their  houses as we will. Tune into our web site(http://www.lewisandnickles.com/ ) to see the time and place for Lewis & Nickles Open Houses for June 4- June 5 addresses and times will be posted there starting Monday May 30th.

About our Towns on the North Fork

North Fork Towns & Hamlets
Which North Fork town is right for you? That is a tough choice, since every hamlet is beautiful and unique.
The western most towns of the North Fork are laced with quaint antique shops, restaurant, novelty stores and motels. There are two gold courses including a National Golf Course. There are a number of equestrian farms as this area is well suited for horse raising and breeding. Many nurseries and farm stands add colorful entertainment during the growing season with corn mazes to walk through, fresh produce just picked and exciting new varieties of flowers to pick, see and smell. There are beautiful beaches to the north on the Long Island Sound and to the south on the Great Peconic Bay.

Mattituck
Mattituck a thriving village, extends from Long Island Sound to Peconic Bay. First settled in 1662, its history has been a story of progress, from an area of wholly woodland to farmland, to its present centrally located High School and Shopping Center. The inlet and surrounding waters host hundreds of waterfowl, a haven for bird watchers. Mattituck is still the perfect hide-away it has historically been used for. The picturesque Love Lane is filled with gourmet and gift shops making it one fo the sweetest lanes on the North Fork.

Cutchogue and New Suffolk
Like the other hamlets of this area was originally vast farmlands - some farms are still under the original families' domain and have been for hundreds of years. The fruit of their labors led to the successful production of wine - a tour of the wineries must include Cutchogue's finest here in the heart of wine country. New Suffolk was the sight of the first US submarine base, and that industry replaced oystering and harvesting porpoise. Windsurfers, boaters and kayakers will find the best boating around is on the Great Peconic Bay - a sail around Robins Island is most relaxing.

Southold and Peconic
Southold - Many stores are nestled along the Main Road in Southold. The architecture is so delightful. There are numerous historical buildings that are open for touring and more that are open as businesses. The Horton Point Lighthouse offers a breathtaking view of the Long Island Sound, making it easy to imagine square rigged schooners gliding by.

Peconic
Although Peconic is one of the smallest of the hamlets in Southold Town, it boasts a past that gives it an imporant rank with the other communities. Here is located some of the richest farmland in and most beautiful beaches. Indian Neck and Nassau Point in nearby Cutchogue are choice summer colonies.

Greenport
An old Maritime whaling town that now is thriving full of shops, restaurants and an old working carousel. Its roots lie in the nautical trades of Oyster culture, shipbuilding and repairing, yacht services of all kinds, dock building and commercial fishing, much of which is still practiced here today. An attractive village of good looking homes Greenport has an aire of independence and fun that is greatly enjoyed in the summer with recreation seekers from not distant cites.

East Marion and Orient
East Marion - a clean cut gem of a village, extends along the main highway from the Orient "beaches" almost to Greenport. Part of the village clusters around a beautiful sheet of water - Marion Lake. The white painted homes, the green lawns, well kept gardens, the view of twinkling blue waters delights the eye.

Orient
As you drive across the "beaches" where the waters of both bay and sound almost lap the very wheels of your car is one of the loveliest drives on Long Island. Some of the oldest and most historic homes reside here such as the old Mulford House built in 1666 and the Oldest Congregational Church in NY State dating back to 1735. With all its age and quaint charm, Orient is a very modern minded community. Many people come here in summer to enjoy its quiet sea breeze atmosphere. Specializes in selling, buying, renting, appraising and consulting on residential homes, commercial and farmland properties on New York’s, Long Island, North Fork hamlet towns of Southold