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.
No comments:
Post a Comment