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Elliman Report: North Fork Sales 4Q 2014

North Fork housing prices were mixed as marketing times shortened. Median sales price edged 0.9% higher to $457,500 as average sales price declined 3.3% to $613,866 respectively from the prior year quarter. Housing prices year-to-date were up as compared to the same period last year. Median sales price for 2014 was up 2.2% to $460,000 and average sales price for 2014 increased 9% to $655,681. Luxury prices, representing the top 10% of the market, fell short of prior year levels, consistent with the 18.9% decline in the entry threshold to $990,000…

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