Home prices are moving on up in Greenport.
The median first-quarter sale price reached $515,000 in 2016, up from $449,000 in the same quarter last year, according to a report released by The Corcoran Group last week. The average sale was even higher, reaching $637,000 in the first quarter of 2016, up from $478,000 in 2015.
The jump in the average price reflects a shift toward the higher end of the market, as this year’s total first-quarter sales rose to $14.64 million, more than double 2015’s first-quarter total of $5.74 million.
“Buying activity shifted to higher price points compared to last year,” the report states.
Agent Jerry Cibulski of Century 21 Albertson Realty attributed strong sales to a smaller inventory and appropriate pricing.
“We’re coming back to that confident market,” Mr. Cibulski said. “We are seeing appreciating values in a balanced and controlled way. The new stuff that’s coming in is going very quickly.”
For example, Mr. Cibulski noted, one property recently hit the market in nearby East Marion and received an offer the same day.
“The buyer had been looking for a year and a half,” he said. “When the right house shows up, they’re moving on it.”
So before Greenport real estate gets too hot for the average buyer to handle, here are five available properties priced below the comparatively modest sum of $650,000.
300 Green Hill Lane
4 bedrooms, 2 bathrooms
List price: $649,000
Acreage: 0.54
Taxes: $7,118
Description: This colonial, located in the Eastern Shores community, comes with an inground pool and rights to a Soundfront community beach. The kitchen and bathrooms have been completely renovated.
But one of the biggest selling points is the privacy it provides.
“The property behind it is five acres of open space,” said Joann Wind, one the property’s listing agents. “It’s landscaped and very private.”
Contact: Joann Wind or Jill Dunbar, Daniel Gale Sotheby’s International Realty, (631) 477-0013
605 Bay Shore Road
4 bedrooms, 3 bathrooms
List price: $599,999
Acreage: 0.48
Taxes: $7,008 (estimated)
Description: Overlooking Pipes Cove, this home features an open floor plan and easy access to all Greenport has to offer. The wood-burning stove and stone hearth are a standout.
“It’s got natural views from all three levels,” said Mr. Cibulski, the property’s listing agent. “You’re not looking into someone’s backyard.”
Contact: Jerry Cibulski, Century 21 Albertson Realty, (631) 765-3800
217 Center Street
3 bedrooms, 2 bathrooms
List price: $549,000
Acreage: 0.1
Taxes: $3,686
Description: This home was completely renovated in 2002 with generous attention paid to details like doorways and molding. It features wide plank wood floors, stainless steel appliances, granite counter tops and a gas fireplace.
“What everybody loves about the house is the light; there is so much natural light that comes through,” said listing agent Amanda Field Kelly of Douglas Elliman Real Estate.
Contact: Amanda Field Kelly, Douglas Elliman Real Estate, (631) 298-8000
118 Washington Ave. Ext.
3 bedrooms, 3 bathrooms
List price: $429,000
Acreage: 0.31
Taxes: $4,750
Description: This home was completely gutted within the past year. Located in the heart of Greenport Village, this renovated ranch features hardwood floors and a chef’s kitchen with granite counter tops.
“It has easy access to all the restaurants and all Greenport has to offer,” said listing agent Lisa Gillooly of The Corcoran Group.
Contact: Lisa Gillooly, The Corcoran Group, 631-765-1300
305 7th St.
1 bedroom, 1 bathroom
List price: $375,000
Acreage: 0.05
Taxes: $2,209
Description: This cozy cottage features a private, landscaped yard and an outdoor shower — which will come in handy after a day at a nearby beach — and a luxurious spa shower inside. “It’s luxury living in a small space,” said listing agent Jennifer Benton of Century 21 Albertson Realty.
The turn-key home features a new heating system and new roof and just hit the market April 19.
Contact: Jennifer Benton, Century 21 Albertson Realty, (631) 477-2739
