Riverhead, NY Real Estate News

Authored by: Options Realty September 29th, 2008 The following information was gathered from the MLSLI in order to provide an update on sales activity for North Fork, Long Island retirement/vacation/55 and better condominiums. *is closed pricing. All other pricing is list price. UNDER CONTRACT/AVAILABLE FROM 07/01/2008 THROUGH 09/30/2008: AQUEBOGUE, NY: Silver Village 1 sold. $340k* 1 available. $389,9k. BAITING HOLLOW,NY: The Knolls 1 sold. $359k 6 available. $375k;$380k;$385k;$399k;$439k;$439k The Bluffs 0 sold. 3 available. $449k;$498,8k;$549,9k CALVERTON, NY: Calverton Hills 1 sold. $159k* 10 available. $144,9K;$149K;$165K;$170K;$174,9K;$179K; $189K;$189K;$189K$199K Foxwood Village 1 sold. $165k. 18 available. $153,5k;$159k;$168k;$179k;$185,9k; $199,5k;$219,9k;$220k;$225k;$225k;$229...
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By Sean Stark
(Options Realty)
Authored by: Options Realty September 5th, 2008 The following is an update on condominium/retirement/vacation homes for sale on the North Fork of Long Island. The towns include Aquebogue, Baiting Hollow, Calverton, Greenport, Jamesport, Riverhead and Southold, New York. To view available condos, click on the North fork Condos tab, and you’ll have access to all properties in detail. AQUEBOGUE, NEW YORK Silver Village: 2; $389,999, $449k. HOA DUES (RANGE): $220/mo TAXES (RANGE): $4300-6300/YR BAITING HOLLOW, NEW YORK The Knolls: 6; $375k; $380k;$385k;$390k; $399k;$439k HOA DUES (RANGE):$257-$297/mo TAXES (RANGE): $3880.-$4700/YR The Bluffs: 3; $469k; $498,9k; 549k HOA DUES (RANGE): $326-$330/MO TAXES: $5200-5400/YR CALVERTON, NEW YORK Calverton Hills: 9; $144,9k; $165k; $169k; $170k; $174...
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Authored by: Options Realty August 31st, 2008 If you’re thinking of selling or buying a property on the east end of Long Island, awareness of the undercurrent in distressed properties is provided in order to offer a realistic picture of the prevalence of the pre-foreclosure impact possible. LIS PENDENS FILED IN AUGUST 2008, EAST END OF LONG ISLAND TOTAL: 57 East Hampton, NY: 9 Cutchogue, NY: 1 Bridgehampton, NY: 3 East Quogue, NY: 3 Flanders, NY: 4 Calverton, NY: 1 Eastport, NY: 1 Hampton Bays, NY: 5 Sag Harbor: 3 Southampton: 5 Westhampton: 6 Quogue: 2 Southold: 4 Riverhead: 7 Montauk: 1 Speonk: 1 Watermill: 1 Information provided by third parties (the Real Estate Report). Options Realty makes no representation to accuracy of data reported. Share This
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Authored by: Options Realty August 31st, 2008 The following information, obtained from the MLSLI, is provided to offer insight into homes sold during the month of August, 2008, on the North Fork of Long Island (towns included: Riverhead, Jamesport, Aquebogue, Baiting Hollow, Calverton, Laurel, Peconic, Cutchogue, Mattituck, Southold, Greenport, East Marion, Orient, and Orient Point, New York). Pricing below is listed pricing, not contract pricing, unless indicated with *. AQUEBOGUE, NY Sold: 4 $238,5k, $275k, $379k, $2,499m BAITING HOLLOW, NY Sold: 2 $549,9k, $549,9k* CALVERTON, NY Sold: 2 $25k (mobile home), $310k CUTCHOGUE, NY Sold: 6 $349k, $499,9k, $595k, $799k, $2,450m, $2,250m* EAST MARION, NY Sold: 3 $395k, $479k, $729k GREENPORT, NY Sold: 3 $399k, $459k, $709k JAMESPORT, NY Sold...
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Authored by: Laurie Mindnich August 23rd, 2008  For those interested in purchasing a home on the North Fork of Long Island, but unsure about eligibility for a loan, a great place to begin is at the New York State Mortgage Agency. As prices come down, reaching levels of attainability for more buyers, awareness of state sponsored mortgage loan programs bear watching. For example: For VA purchasers, up to $5000.00 is available toward closing cost assistance . That’s a nice incentive for VA qualified purchasers. If you are selling a home on the North Fork of Long Island, and have a prospective buyer that might fall into the parameters of any NYSMA program, understand it to develop a selling strategy. The website www.nyhomes.org provides time frames for buyer qualification. Knowing how long ...
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In its 34th year, the two-day event annually draws thousands of people from across the tristate area to the community known as Polish Town, USA, to celebrates all things Polish, including "the spirit of the folks who came here at the turn of the century and settled Polish Town," says Burte Harris, an organizer of the event. Proceeds help beautify the area and support charitable efforts in the neighborhood, she says.That spirit is still alive and well, Harris says, in the people who come to "express their roots" and, of course, to eat. "I always like to say they come here to eat their way from one end of the fair to the next," she muses. "The kielbasa on a Kaiser roll with sauerkraut is out of this world."WHAT YOU'LL SEEOn Saturday, the street fair kicks off at 10 a.m., with a Polish Mas...
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Authored by: Laurie MindnichAugust 7th, 2008 category: Buyers OK, not literally jump in a lake, but perhaps a toe dip in the community pool. The decision to leave a long term family home is tough enough; the notion of “starting fresh” often adds stress to those seeking a retirement condominium. Often termed “active adult” and “55-plus” communities, the premise is to offer a home surrounded with people of like-age and life stage for those no longer in need of a larger home. There are any number of opportunities on the North Fork of Long Island, from Riverhead to East Marion. When looking at properties offering a “lifestyle” agenda, it’s important to look beyond the actual condo or townhome unit, or community. The majority of communities offer amenities that include a pool, tennis, bocce,...
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Authored by: Options Realty August 3rd, 2008  The following is an update on homes for sale, homes under contract, homes closed, and lis pendens filings on the North fork of Long Island for the month of July, 2008:* Towns, hamlets and/or villages include: Riverhead, Baiting Hollow, Calverton, Jamesport, Aquebogue, Laurel, Mattituck, Cutchogue, Peconic, Southold, Greenport, East Marion, Orient, and New Suffolk.                         Total Available Homes, July 2008: 702 Total Homes Under Contract, July 2008: 22 Total July 2008 lis pendens on the East End (including the Hamptons): 56 *All figures, while deemed reliable, are obtained from outside sources; Options Realty accepts no liability for figures that are inaccurate. Photos: Copyright 2008 Options Realty
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By Sean Stark
(Options Realty)
Authored by: Options Realty July 26th, 2008 North Fork, Long Island Market Update The following information is offered in order to provide some insight into a disorderly market. With the abundance of news that those of us in the industry follow daily, percentages have become muddled- sometimes, breaking it down and offering the insight without the vague percentages helps to at least get closer in comprehension from one town/village on the North Fork to the next. The following updates include the towns of Riverhead, Calverton, Baiting Hollow, Jamesport, Laurel, Mattituck, Cutchogue, Peconic, Southold, Greenport, East Marion, Orient, and Orient Point. The first figure indicates all single family properties that went under contract (some have closed) between the months of April, 2008 throu...
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Authored by: Sean Stark July 23rd, 2008 The following report is a list of all available condos/coops listed in the mlsli as of July 20, 2008: AQUEBOGUE, NY Silver Village: 1; $369,900. BAITING HOLLOW, NY The Knolls/ The Knolls at Fox Hill: 10; $359k, $375k, $375k, $380k, $385k, $390k, $399k, $439k, $449,9k, $549,9k The Bluffs: 4; $449k, $519,9k, $469k, $498,8k CALVERTON, NY Calverton Hills: 7; $144,9k, $170k, $174,9k, $195k, $199k, $199k, $210k Foxwood Village: 11; $159k, $164,1k, $165k, $183,9k, $225k, $229,9k, $239,9k, $240k, $245k, $245,9k, $270k, $310k, $319k, $375k Windcrest East: 2; $589,9k, $589,9k GREENPORT, NY Driftwood Cove (co-op): 3; $170k, $190k, $199k Sterling Harbor (co-op): 2; $696k, $329k Sterling Cove: 1 $850k JAMESPORT, NY Maidstone Landing: 8; $775k; $799k, $845k, $8...
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Authored by: Sean Stark July 17th, 2008 The following figures represent the number of lis pendens filed on the east end, by towns reporting from March 14, 2008 through July 16, 2008, as reported to Options Realty:* The purpose of sharing this report is to inform both sellers and buyers of the "behind the foreclosure process" potential for properties that might become available in the form of anREO. It is important to note that there are a number of these properties that will not culminate into a home owned by the bank (REO)- some may have been listed and sold; some owners may get the property current, and eliminate the possibility, and still others may find that their lender is anxious to work out a plan to have the owners remain in the property. Irrespective of the final count on those...
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Authored by: Sean Stark May 2nd, 2008 The following is data collected from mlsli indicating properties that have gone under contract on the North Fork from each village / town and hamlet from April 01, 2008 through April 29, 2008:   Aquebogue NY: 2 sold; $350k*, $469,9k Baiting Hollow NY: 5 sold; $70k*, $165k*, $409,9k, $479,9k, $519,9k Calverton NY: 1 sold; $159,9k Cutchogue NY: 2 sold; $779,7k, $1,399m East Marion NY: 2 sold; $399k, $449k Greenport NY: 1 sold; $399k Jamesport NY: 2 sold; $529,9k, $599,9k Mattituck NY: 1 sold; $415k New Suffolk NY: 1 sold; $749k Riverhead NY: 16 sold; $74,9k, $82,5k, $89k, $119,9k, $155,5k, $180k, $199,9k, $199,9k, $249,9k, $279k, $299k, $299k, $299k, $350k, $379k, $609,5k Southold NY: 5 sold; $395k, $549k, $1,650m, $13,294m*   For the purposes of this...
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Authored by: Options Realty April 28th, 2008  Vacation/Retirement Condos on the North Fork of Long Island- April 2008 Report The following is an update of condo sales/closings for the North Fork of Long Island April 1-April 28, 2008. Areas reported: Aquebogue NY Silver Village: 0 sold; Available: 1- $429,9k Baiting Hollow NY The Bluffs: 0 sold; Available: 4- $299k, $449,5k, $499k, $549,9k The Knolls: 0 sold; Available: 9- $359k, $369k, $375k, $375k, $399k, $399k, $439k, $449.9k, $455k Riverhead NY Willow Ponds: 1 sold; Available: 14- $289,9k, $299k, $295k, $299k, $299k, $319k, $329k, $359k, $369k, $399k,$405k, $440k, $445k, $485k Mill Pond: 1 sold; Available: 4- $282k, $285k, $309k, $314k Sunken Pond: 0 sold; Available: 8- $345k, $345k, $375k, $390k, $399,9k, $399,9k, $399,9k, $429k Sad...
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Authored by: Options Realty April 11th, 2008 SELLERS OF HOMES ON THE NORTH FORK OF LONG ISLAND: YOUR BUYER IS OUT THERE. While frustration has been, of late, the order of the day for home sellers in general, there are homes going under contract, and there are buyers looking for properties. The homes that go “quickly” are priced in such a way as to get the buyer to land, with a bit of negotiating on occasion, and a willingness on the part of both buyers and sellers to compromise. Nationally, we are in a precarious place- with the recent down payment increases becoming common, buyers are educating themselves in impressive numbers, as they decide if things are close to “hitting bottom” in a declining market. Presentation of your home on the Internet is critical- a single photo on Realtor.c...
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By Sean Stark
(Options Realty)
Authored by: Options Realty April 8th, 2008 For buyers and sellers of homes on the North Fork of Long Island, the current market woes nationally have created an uncertainty- sell? Buy? Wait it out? This article in the Houston Chronicle, offers a glimmer of reality for all following the market. While certainly not a guarantee of improved conditions, the search for some kind of historical data that might offer a time-target has been conveyed here. While the indicator is that we are likely nine months from tangible evidence of a turn-around, keeping an eye on builder stocks as a conduit for the thought process of investors is a key element when making a decision to buy, sell, or wait. I, for one, will be watching closely- and reporting back!
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Authored by: Options Realty March 28th, 2008    1st. Quarter 2008 Condo Sales on the North Fork of Long Island The following condominiums were reported under contract to the MULTIPLE LISTING SERVICE OF LONG ISLAND between Jan.01, 2008 and March 29,2008: (Unless the figures include *, these are asking prices- not closed pricing). BAITING HOLLOW, NY: The Knolls: 2 sold. Pricing: $339k, $375k The Bluffs: 1 sold. Pricing: $397k* CALVERTON, NY: Calverton Hills: 2 sold. Pricing: $110k, $125k Foxwood Village: 1 sold. Pricing: $158k GREENPORT, NY: Harbor Shores: (coop): 1 sold. Pricing: $280k RIVERHEAD, NY: Mill Pond: 2 sold. Pricing: $295k, $349k Willow Pond: 1 sold. Pricing: $339k SOUTHOLD, NY: Founders Village: 3 sold. Pricing: $345k, $347k, $349k   The following number of condos are current...
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By Sean Stark
(Options Realty)
Authored by: Options Realty - Sean Stark February 10th, 2008  At Options Realty we are glad to see that Riverhead’s two newest additions to the Town Board, Tim Buckley and Jim Wooten, have started the new administration in Riverhead Town Hall with local business success as a priority. Now let’s hope that the rest of the Town Board has the required fortitude to follow their comments of support with some action. Quickly. At least these two members of the Riverhead Town Board understand the urgency of the problem with derelicts and deadbeats in downtown Riverhead. Solutions are available. Having the spine to back them up and maintain optimism and vision for a revitalized Downtown will hopefully prevail. Tim Gannon had an article in The News Review on Thursday of this week entitled ‘Zero To...
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Authored by: Options Realty January 30th, 2008 Thinking of retiring to a condo on the North Fork of Long Island? Below, as of 01/29/07, the following communities have opportunities available: BAITING HOLLOW, New York: The Bluffs: 2 bedroom/2 bath. *HOA/Maintenance fee: $300-330. Amenities: Y; # of properties available: 5; price range: $299k-455k. The Knolls: 2-3 bedroom/2-2.5 bath. HOA/Maintenance fee:$260-440. Amenities: Y; # of properties available: 5; price range:$369k-649k. CALVERTON, New York: Windcrest East: 3 bedroom/3 bath. HOA/Maintenance fee: $220-270. Amenities: Y; # of properties available: 2; price range:$589k-629k. EAST MARION, NEW YORK: Cleaves Point: 2 bedroom/2.5 bath. HOA/Maintenance fee: $568. Amenities: Y; # of properties for available: 1; price range: $865k. JAMESPO...
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Authored by: Options Realty January 16th, 2008  For those considering buying or selling a home in Riverhead, New York, the information below is intended to assist. RIVERHEAD, NEW YORK: MARKET REPORT FOR 2007 DETACHED HOMES SOLD and CLOSED IN 2007 BY PRICE POINT* Price range: $150,000. TO $250,000 NUMBER SOLD: 9 Days on the market average: 91 2 STORY:1 RANCH:5 “OTHER”:1 MOBILE HOME:2 # OF HOMES CURRENTLY FOR SALE:14 Price range: $251,000 TO $350,000 Number SOLD:24 Days on the market average:119 2 STORY:11 RANCH:12 MOBILE HOME:0 “OTHER”:1 # OF HOMES CURRENTLY FOR SALE: 29 Price range: $351,000 TO $450,000 Number SOLD:17 Days on the market average:117 2 STORY:8 RANCH:6 “OTHER”:3 # OF HOMES CURRENTLY FOR SALE: 38 Price range: $451,000 TO $550,000 Number SOLD:10 Days on the market average:21...
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By Sean Stark
(Options Realty)
Authored by: Sean Stark December 16th, 2007  Condemnation possibilities were announced this past week in Riverhead. The previous post on this topic has developed into an extended situation that can only now become more stagnant than ever. The Supervisor of Riverhead, Phil Cardinale, received a request from Apollo’s Vice President to begin condemnation procedures.     With this news the continuation of a long, protracted process for revitalization, in this authors opinion, is likely. The lawsuit that Riverhead Enterprises would file could take years to settle. Those types of stops in the condemnation process place the advancement for a reborn downtown into a holding pattern. John Stefans in his article Apollo offer is rejected, closes his article with a glimmer of hope on the horizon, th...
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