Peconic Bay region community preservation fund revenues are up 5.5 percent in the first six months of 2015 compared to the same period last year, South Fork Assemblyman Fred Thiele announced yesterday. The boost reflects an increase in the overall number of real estate transactions in the five East End towns and the ongoing recovery in the local real estate market, according … [Read more...] about Real estate recovery boosts CPF tax revenues in first 6 months of 2015 — but not in Riverhead, where revenues fall
North Fork median home prices jump in first quarter of 2015
The North Fork real estate market showed strong signs of recovery in the first quarter of the year, according to home sales figures released by Suffolk Research Service. The number of home sales jumped 21.5 percent in Riverhead Town and 11.5 percent in Southold during the first three months of 2015, compared to the same period in 2014. The median price of a single-family … [Read more...] about North Fork median home prices jump in first quarter of 2015
What you need to do to avoid a $250 surcharge on your flood insurance policy
If you have flood insurance on your home, listen up. The Federal Emergency Management Agency has begun charging a renewal surcharge on all flood insurance policies, effective April 1. The surcharge is $25 if the policy insures your primary residence and $250 if the insurance is for a second home. To be eligible for the lower surcharge, however, property owners mus fill … [Read more...] about What you need to do to avoid a $250 surcharge on your flood insurance policy
CPF revenues rebound in ’14, mirroring improvement in local real estate market
Annual Community Preservation Fund revenues collected by the five East End towns have nearly doubled since the bottom fell out of the real estate market in the economic crash of 2008, according to data released last week by South Fork Assemblyman Fred Thiele. The 2-percent transfer tax that generates the CPF produced revenues of $107.69 million for the five towns in 2014, … [Read more...] about CPF revenues rebound in ’14, mirroring improvement in local real estate market
It’s move-in day at new Woolworth apartments in downtown Riverhead
It’s move-in day at Woolworth Apartments. New tenants in the brand-new downtown Riverhead apartment building were hauling an assortment of personal possessions into their new abodes this morning. “It’s like college dorm day,” a grinning Mike Patern, 24, said as he carried boxes into his one-bedroom apartment. “It’s very exciting.” The Southold native, who had been … [Read more...] about It’s move-in day at new Woolworth apartments in downtown Riverhead