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Elliman Report: North Fork Sales 3Q 2013

…The North Fork housing market sales mix shifted to lower priced properties in the third quarter, causing the price indicators downward. The number of sales above $1,000,000 fell 25% from the same period last year. There was only 1 sale above $2,000,000 compared to 4 sales in the same period last year. As a result, median sales price declined 2.1% to $410,000 and average sales price declined 12.7% to $517,420 respectively from the prior year quarter. The same pattern was seen in the quintile analysis as median sales price in the top 3 quintiles posted year-over-year declines…

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