North Fork “bobbing along the bottom”

North Fork

Home sales declined 3.95 percent in the third quarter on the North Fork of Long Island to 73, compared to the same time period a year earlier, according to Town & Country Real Estate’s quarterly market report for the region, which analyzes all sales in the area. The total sales volume also declined year-over-year, dropping to $44.8 million, marking a 7.31 percent fall. The biggest drop in sales were seen in the higher ends of the market. No sales over $3.5 million were recorded during the quarter, compared to one logged during third-quarter 2009, while the $1 million to $1.99 million range saw four sales, a 50 percent drop. The data reflects a “bobbing along the bottom,” according to Town & Country CEO Judi Desiderio, who said that the market saw its lowest point in the second quarter of 2009. TRD

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NF Q3 2010 Report&Chart