The red hot North Fork real estate market once again caught the attention of the New York Times real estate section in a recent piece entitled “The North Fork Has a New Name: NOFO.”
The story, which appeared online July 14 and in print July 16, summarizes the appeal of the North Fork for all the usual reasons (proximity to beaches, fresh produce, etc.) It also notes that home prices here are rising, but still about half what they are on the South Fork. The median home price on the North Fork is $487,500 compared to about $1 million on the South Fork, according to Judi Desiderio, chief executive of Town & Country Real Estate.
An interesting factoid mentioned in the piece is that Southold Town has issued 38 permits for single-family dwellings from January through May in 2017, up from 24 for the same period last year.