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Friday, December 27, 2024

Watermill home prices fall in November 2017

Realestate1

The median sale price of a home sold in November 2017 in Watermill fell by $1,525,000 while total sales increased by 40%, according to BlockShopper.com.

In November 2017, there were seven homes sold, with a median sale price of $1,200,000 - a 56% decrease over the $2,725,000 median sale price for the same period of the previous year. There were five homes sold in Watermill in November 2016.

The following table compares Watermill to other Suffolk County cities with similar median sales prices in November 2017:

CityNov. 2017 Home SalesNov. 2016 Home Sales% change (Total Home Sales)Nov. 2017 Median Sales PriceNov. 2016 Median Sales Price% change (Median Sales Price)
Shelter Island14-75%$1,450,000$1,337,5008.4%
Lloyd Harbor46-33.3%$1,327,500$1,175,00013%
Shoreham110%$1,225,000$310,000295.2%
Westhampton Beach56-16.7%$1,200,000$964,50024.4%
Montauk990%$1,200,000$600,000100%
Watermill7540%$1,200,000$2,725,000-56%
Asharoken40-$1,125,000$0-
Northwest Harbor12120%$1,037,000$892,50016.2%
East Hampton North112450%$985,000$362,500171.7%
Sag Harbor660%$980,000$1,008,150-2.8%
Orient31200%$952,000$450,000111.6%

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