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Elliman Report: North Fork Sales 2Q 2016

The North Fork housing market showed higher prices and more sales in the second quarter. Median sales price rose 2.9% to $535,000 from the year ago quarter, the ninth consecutive year over year quarterly increase. Average sales price showed the same pattern, rising 8.3% to $694,387 from the prior year quarter. Unlike the South Fork, the North Fork luxury market, representing the top 10% of all sales, saw larger price growth than the overall market. Luxury median sales price surged 33.4% to $1,797,500 and luxury average sales price jumped 15.3% to $2,018,347 respectively from the prior year quarter…

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