Home Buying in Cutchogue>Question Details

Shea5, Both Buyer and Seller in Cutchogue, NY

What is the median sale price of homes on Bridge Lane in cutchogue between Route 25 and county Rd. 48?

Asked by Shea5, Cutchogue, NY Thu Dec 23, 2010

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Most of the homes in that section of Bridge Lane are 3 bedroom homes on half acre lots built in the mid 1970's. The median sales price is around $480,000 for that segment. The recent sales for Bridge was the newly built home near the bridge and that sold this year in the mid $700,000 range. That home has two master suites, professional kitchen and vineyard views. The market has stabilized on the North Fork in terms of each segment holding its own in sales prices. The listing price has to be in range with the current market and not based on the old market in order to attain an offer from the buyers in todays marketplace. The inventory levels are still high but are slowly declining. We have less inventory available at the end of this year than we did at the start. 2010 has been a year of a corrective market and stabilization.
0 votes Thank Flag Link Thu Dec 23, 2010
What is your agent advising...If looking to either buy or sell, review comps--recently sold similar properties in the immediate area, after reviewing the data, a determination on value can be made--keep in mind many factors come into play when establishing value, location, property size, condition, upgrades, etc. You can also check out http://www.mlsli.com for available and closed properties...
0 votes Thank Flag Link Thu Dec 23, 2010
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