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Elliman Report: North Fork Sales 4Q 2016

The North Fork housing market reflected improving conditions with more sales, less inventory and rising prices. This performance was in contrast to the higher priced Hamptons market to the south because of the lower price point of the market. Median sales price was $595,000, up 13.9% from the year ago quarter. Average sales price followed the same pattern, rising 12.6% to $808,935 over the same period. Price trends for the luxury market, comprised of the top 10% of all sales, showed a similar pattern…

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