Kate Carpluk of Town & Country Real Estate staged this South Jamesport home last year.
The rate of real estate sales on the North Fork has increased to the point that available inventory can no longer meet demand.
That’s the key takeaway of the fourth-quarter results released last Thursday by Manhattan appraisal firm Miller Samuel and brokerage Douglas Elliman, said Miller Samuel president Jonathan Miller.
“The supply is trying to normalize,” Mr. Miller said. “It’s still not, but it’s better for consumers than it was a year ago.”
At the end of 2013, there were 455 houses on the market on the North Fork — from Aquebogue to Orient — according to the report. Points farther west weren’t included in the analysis. By the end of 2014, that number increased — albeit modestly — to 521 available homes. Meanwhile, residential sales in 2014 jumped a significant 34 percent from the same time the previous year — from 556 to 685. (more…)
A circa 1900 photo taken a year after the Greenport Opera House was built at Main Street and Bay Avenue. (Credit: The Historical Collection at Mike Richter Photography)
The Main Street corner where it once stood is now the site of a Chase Bank parking lot, but at the turn of the 20th century the Greenport Opera House was a towering, romantic presence on the North Fork.
Built in 1899 to replace Stirling Hall, which had burned down earlier that year, the opera house was “the pinnacle of the village,” said Greenport historian Carlos DeJesus. (more…)
Thirty West Main developer Georgia Malone in the second-floor lounge. (Credit: Barbaraellen Koch)
Downtown Riverhead has been touted for years as a place “on the rise,” an up-and-coming magnet drawing both new businesses and new apartments. A 52-unit apartment complex opened on Peconic Avenue in 2010 and 19 more units are set open soon in the former Woolworth building — right next to the renovated Suffolk Theater. Another 48 affordable housing units are slated for West Main Street. (more…)
The kitchen of a Riverhead home on the market with an asking price of $300,000.
A “follow-through.” A “major recovery.” A market “on fire.”
Whatever you want to call it, North Fork’s real estate agents seem to agree: 2014 was a strong year that built on the successful bounce-back that began two years ago.
And even into December, that market was still surging. (more…)
Candy canes, flowers and other decorations — including a holiday-themed doormat and Christmas table runner — helped make this open house in Mattituck more appealing, said real estate agent Beth Pike. (Credit: Paul Squire)
The holidays have long been considered the worst time of year to put your home on the market. But could listing your property between Thanksgiving and the New Year actually not be such a bad thing?
“Look: It’s never the wrong time to sell your house,” said Sheri Winter Clarry, licensed associate real estate broker at Corcoran in Southold. “Once you’ve made that decision, go for it with your full effort.” (more…)
If you’re looking to hire, which is columnist Grant Parpan’s #1 raking tip, then Manuel Canel (left) of Canel Landscaping of Riverhead is available. Above he’s cleaning up an Aquebogue yeard with his crew, Jose Canel (center) and Victor Garcia (right hidden). (Credit: Barbaraellen Koch)
I don’t like leaves.
Sure, they’re beautiful when they change color, and I appreciate the shade they help provide on a hot day. But the agony caused by having to physically rake up thousands of leaves from my yard each autumn is enough to make me generally dislike them. (more…)
Credit: David Smith, via Wikimedia Commons
Sometimes the market’s up, sometimes the market might be down, but one thing’s always for sure: there’s always real estate out there to be bought.
Each week, sellers advertise some of the real estate they’re trying to sell — whether it’s a condo, vacant land, commercial space, or a classic single-family home — as well as rent out.
We’ve compiled some of that here for our readers — including houses for sale, condos for sale, homes for rent, as well as commercial properties — though for our complete listings, check out our classifieds section, which we post online in full every week.
And if you want to publish some real estate of your own, get in touch with our classifieds section at: firstname.lastname@example.org.
Also, be sure to keep up with our Real Estate page online for the latest in news from the field.
NEXT PAGE: Homes for sale
Real estate agents say that while Community Preservation Fund revenues indicate the market has slowed on Shelter Island in 2014, they believe a number of pending transactions will show an improved market in the fourth quarter. (Credit: Grant Parpan)
Real estate sales continue to lag despite the appearance of market recoveries on both the North and South forks, but Shelter Island may still be the hidden jewel in the East End’s crown for some house hunters.
There are, however, finally signs that this year’s property sales could, by the end of 2014, surpass last year’s numbers on the island. Community Preservation Funds — a 2 percent fee buyers pay to acquire property on Shelter Island — still lag behind 2013 revenue. But there has been significant movement in the past two months. (more…)