In winter we dream of summer, and for many New Yorkers, that means heading out to the East End of Long Island, where you can recharge at the beach or stroll through a picturesque village, and get away from the grind.
Your fantasy might pay off if you act now: Sales have been stagnating on the East End, resulting in more inventory for buyers to choose from, so you have more opportunity to get a deal.
And if you head to the North Fork, where house prices are traditionally lower than what you would find in the Hamptons, you'll do even better. The area is known for its vineyards, wineries and farm stands and none of the showy scene that you can find in the Hamptons. While prices are up (the median sales price increased 5.4 percent to $630,000 in the fourth quarter of 2018, a record high)—they are far lower than in the Hamptons, where the median sales price is $995,000.
Some other numbers should know: The average sales price declined 14.7 percent, the number of sales in the North Fork declined by 46.1 percent and inventory increased 1.4 percent.
Here are five North Fork houses that can be yours for under $500,000 that have all had recent price cuts.
154 Merritts Pond Rd., Riverhead
Listed for $354,000—following a recent $14,000 price drop—this 1,848-square-foot, three-bedroom, two-bath ranch (also pictured above) sits high off the road and is set back from the street in the Roanoke Heights neighborhood. Features include cement floors and exterior walls, a center hall foyer, an eat-in country kitchen with room for a table, a formal dining area, and a living room with a fireplace and built-in storage. There is also a full staircase leading to an attic storage area, as well as a staircase to a lower basement area. All utilities are located in the basement, which also has a two-car garage. Additionally, there is an in-ground swimming pool in the yard, and the back third of the .65-acre parcel is wooded.
24065 Main Rd., Orient
This three-bedroom, one-and-a-half-bath house has a new bathroom, a new roof, and a freshly painted exterior. There’s a front porch, detached garage, and room for a pool. The home also features a living room, a dining room, a den, an eat-in kitchen, and a back porch. The price recently fell by $5,000 and is now listed for $470,000.
3101 Bluffs Dr. S., Baiting Hollow
Priced at $374,000 (after a recent $5,000 drop), this 1,400-square-foot, two-bedroom, two-bath condo has a garage, finished storage, a separate laundry room, and room for a den, formal dining room, or third bedroom. Amenities include tennis courts, a pool, a beach, and golf (for a fee).
7 Badger Rd., Manorville
This 2,615-square-foot, four-bedroom, two-bath house sits on .74 acres. It has high ceilings, a covered porch, a new kitchen with custom cabinets, stainless steel appliances, and quartz countertops, a den with a fireplace, new storage shed, two-car garage, full basement, rear yard with room for a pool, and a patio with a hot tub. It’s listed for $489,000—after a $10,000 price reduction.
15 Waters Edge, Brookhaven
Listed for $439,000 (following a recent $20,000 price cut), this 2,200-square-foot, three-bedroom, two-and-a-half-bath townhouse condo has water views from every room, a one-car attached garage with storage, and two decks overlooking the bay to Smith Point Park. There’s a new dock and a community pool.
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