Another real estate quarter, another publication dubbing the North Fork the new East End hot spot.
The Daily News refers to our rustic, farm-covered region as “the new Hamptons” in a story published online July 25 that says the median luxury home price on the North Fork is now $2.04 million. That’s a 132 percent increase from this time the previous year, the Daily News said, citing market reports expected to be released soon.
However, the News points out, that’s still a fraction of the $5 million median home price on the South Fork. But as the top fork’s median price jumped, the Hamptons’ slipped 14 percent for the same period, according to the reports.
While we at northforker remain suspect of claims the North Fork will ever attract supermodels and billionaires like our neighbor to the south (although we do get the occasional Kardashian), our real estate continues to make news in its own right.
The North Fork market got a writeup in the Financial Times in June and the Entenmann estate in Riverhead is on the market for $25 million, we reported earlier this month.
