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Business Real Estate

East End Home Prices Edge Upward as Inventory Shrinks

[caption id="attachment_14743" align="alignnone" width="600"] This house on Breakwater Road in Mattituck is currently on the market.[/caption] Home prices are edging higher on the East End, and inventory of houses on the market continues to shrink as the pace of sales exceeds the rate that houses are listed on the market — a prime case of lack of supply that could continue to push prices higher. Douglas Elliman's quarterly Elliman Report cited
Real Estate

In Real Estate: North Fork Houses Sell Like Hotcakes, Stock Market Sends South Fork Soaring (Again)

[caption id="attachment_12257" align="alignnone" width="600"] This mini-farm on the Main Road in Mattituck is currently on the market.[/caption] The fourth quarter of 2014 was on the seller's market end of the sweet spot between a buyer's and a seller's market on the North Fork, while a buoyant stock market sent the high end of the South Fork market soaring. In its quarterly Elliman Reports, Douglas Elliman Real Estate showed a greater number of
Business Real Estate

East End Real Estate Continues Upward Trend

[caption id="attachment_7163" align="alignleft" width="600"] The East End real estate market had a solid third quarter.[/caption] Real estate on the East End seemed in solid recovery mode in the third quarter of 2014, with most market indicators pointing higher than any time in the recent past. According to Douglas Elliman's Elliman Report, there were 701 sales in the third quarter on the South Fork, up 31.3 percent from 534 in the same
Real Estate

Riverhead Woolworth Apartments Accepting Applications for Workforce Housing

[caption id="attachment_11175" align="alignnone" width="600"] The former Woolworths Building in downtown Riverhead.[/caption] The owners of the former Woolworth Department Store in downtown Riverhead are looking for tenants for the 19 new workforce houseing apartments in the recently renovated building. The department store, which was built in 1951, went out of business in 1997 and was shuttered until new owners Woolworth LLC purchased the property last year. The new Maximus Health fitness
News Real Estate

A Piece of Southold History Hits the Market

[caption id="attachment_7293" align="alignnone" width="600"] The "Yellow House" on Traveler Street has served as a school, a chapel and the Southold Town Clerk's office.[/caption] Traveler Street in Southold is just a few blocks long, but this inconspicuous street one block north of Route 25 holds several important artifacts of Southold history. The street, which runs from Youngs Avenue to Horton Lane, is anchored near its west end by the former Traveler-Watchman
Business News Real Estate

An Eye-Popping First Quarter for East End Real Estate

[caption id="attachment_7163" align="alignnone" width="600"] The East End real estate market had an impressive first quarter.[/caption] The real estate sales numbers are rolling in strong for the first quarter of 2014, with realtors across both forks reporting increases in inventory, sales and, in most areas, price. The numbers are no more eye-popping than in Southampton Village, where, driven by 10 high-end home sales between January and March, the total sales volume