Greenport West Real Estate Market Finds Price Cuts Bottom

The Greenport West market is tightening.While sales came in at eight homes sold over the last 30 days, price reductions are at their lowest number since April, with two reported this week. When comparing other close-by municipalities within the same period, the most came from Southold with nine price reductions. Although the weak contracts numbers suggest otherwise, months of inventory is on a four-week downward trend, this week hitting three months. With inventory at such low levels, Greenport West is still a seller's market, even after taking into consideration the falling contracts numbers.

Looking for a more classic home in Greenport West? These are older homes currently available in the market:

$899K   $1.2M   $475K  

Get started right now by checking out Greenport West homes for sale or reviewing Greenport West real estate trends.

Demographic facts for Greenport West:

  • This area has an average elevation of 28 feet.
  • The median income for the homes in this area is $65,611.
  • For every counselor there are 457 students in this area. (513 = national average)

Data reported through 10/12/2016

Comments:

Ask a local expert about this area:
Douglas Elliman Real Estate
Snapped 3 homes in this area
Douglas Elliman Real Estate
Snapped 1 home in this area

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