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BrookHampton Realty’s new office!
BrookHampton Realty has relocated to 400 Main Street, Center Moriches.
9.2 acre equestrian property that went to contract February 2009
Their are five pending sale of homes in Manorville for the month of January 2009 . Of the five, two were condominiums in Greenwood Village, a fifty five and over community, one was a condominium in the Greens, one was a condominium in Silver Ponds and the fifth was a 9.2 acre equestrian property.
What is important to realize from this is that no “traditional” single family homes sold in January last month in Manorville.
The numbers are not very different from the same time last year. In 2008, six properties sold in January in Manorville. Of the six, five were single family homes ranging in price from $425,000 to $625,000 and the sixth was a condo in the high $400,000′s. A far cry from this years spread of $90,00 to $310,000.
In February of 2009 we have nine sales. Three are condos in Greenwood Village from $90,000 to $145,000. One is a condo in Silver Ponds that was asking $309,000, and five are single family homes ranging from $389,000 to $499,000.
- Clancy Road ~ Sold Feb 2009
In February of 2008 we had twelve sales (homes that went to contract in that month). Two were Greenwood Village condos under $100,000 and eight were single family homes ranging in price from $385,000 to $615,000.
What we see from this trend is that the upper end of the market is “missing”. Homes are selling but mostly in the lower price brackets. We will continue to track these sales for the comming months and I will also compare all of 2008 to 2007.
In January of 2009 Center Moriches had five home sales ranging in price (asking) from $225,000 to $549,000 with an average 290 days on the market. In 2008 we had four sales ranging from $300,000 to $560,000 with an average 120 days on the market. February of 2009 showes six sales. Two homes are new construction asking $399,000 and $539,000 and four are resales ranging from $199,000 to $469,000. In February of 2008 we had three sales ranging from $250,000 to $449,000. Center moriches had a very good 2009.
East Moriches had only one sale for the month of January 2009, a $280,000 ranch with 3 bedrooms and 2 baths. In 2008 we had five sales ranging in price from $379,000 to $414,000. For February 2009 we had only one sale, a contemporary home in Baywood that had an original price of $699,000 and sold for below $500,000. In February of 2008 we had three sales ranging from $330,000 to $524,000. Check back for a more detailed report on this town in the next week or so.
Lilly Pond Lane Eastport sold February 2008
Eastport had two contracts for the month of January 2009. One was a $499,000 condo in Encore, a fifty five and over community with large luxury homes and a clubhouse. The other was a single family home that was for sale for several years and was asking $599,000 at the time of the sale. In 2008 we had no contracts for January in Eastport. February shows the reverse of January with no contracts in 2009 and only one in 2008 for a single family home asking $699,000 and selling for $560,000 after 144 days on the market.
Changes in the market are the source of many articles and newscasts as well as this blog. I will be compiling a chart to compare 2009 to the last few years. Clearly homes are still selling but changes are evident. It will be interesting to track the months ahead.
Source: Multiple Listing Service of Long Island
Offered at $499,000 ~ Price Reduced
This beautiful unit offers over 2,500 sq. ft. of living space. The first floor features the Master Suite, eat-in kitchen with breakfast nook and stainless steel appliances, living room, dining room, family room and library. The second floor contains the second bedroom, full bath and a loft area that would be perfect to use as an office or den. Situated in the Town of Brookhaven, current taxes are $9,895.66. Taxes with the STAR exemption are $9,395.65
For more information and to view additional photographs, click here: 24 Concerto Court
Offered at $399,000
This charming turn of the century home is a legal two family. A great location on Main Street and close to elementary school, shopping and transportation. Each apartment has a seperate entrance. The upstairs was renovated in 2007 and features 2 bedrooms, 1 bath and finished attic. First floor apartment offers 2 bedrooms and 1 bath. Partial basement via bilco doors.
For more information and to view additional photographs, click here: 453 Montauk Highway
Offered at $289,000 ~ Price Reduced!
Spacious Lakefront Towhome in the Pepperidge Lake Development. Features include a large Master Suite with full bath, walk-in closet and enclosed sun room, upstairs laundry area. 1 car attached garage. Low monthly maintenance fees. Community Pool and Tennis.
For more information and to view additional photographs, click here: 702 Pepperidge Lake
Offered at $600 Monthly
Front Building has been rented. Back building is AVAILABLE: Free standing renovated building behind main residence offers one room plus a kitchen and bathroom. The location is unbeatable for the price! Very close proximity to shopping center and elementary school. Monthly rent of $600 excludes utilities. Two months security. Credit check and references. Immediate occupancy!
For more information and to view additional photographs, click here: 499 Montauk Highway, Eastport
