North Fork's Real Estate Market Is Exploding!
Competitive property values, glorious sound and bay views, and excellent dining and nightlife are making the North Fork a hot ticket. From Riverhead to Orient, the real estate market has exploded, as everyone from Brooklyn millennials to empty-nester baby boomers has flocked to the area for its beauty and laid-back charm. “The North Fork has a lot going for it—a growing farm-to-table movement, some of the best restaurants on Long Island, and plenty of great beaches—and it’s still reasonably priced,” says Douglas Elliman Real Estate broker Karla Dennehy, who reports that median sales prices are up 18 percent over last year. (Better act quickly.)
“Flying under the radar is the norm on the North Fork,” adds Sheri Winter Clarry of Corcoran Group Real Estate, espousing the allure of the quieter “anti-Hamptons,” and the stylish set is following suit. Take Manhattan-based handbag designer Rafé Totengco, who bought a weekend house in utterly low-key East Marion two years ago, after several visits to a friend’s place in Orient. “I fell in love with how chill the area is,” says Totengco. “It has that small-town vibe that I’m drawn to, and having a home there has completely changed my quality of life. And all the nature, especially surrounding the lake near my house, is out of control.” Tara Connaughton, a communications executive at Jo Malone London, has rented various properties near Greenport, Mattituck, and Jamesport over the past three years. “We love the region because there’s a lack of pretention, and it’s not overcrowded with Manhattanites,” she says. “While it’s not for people who love the ocean, it’s perfect if you want a New England feel and great cuisine. I have to say, I recently had a moment of horror when the North Fork was featured on an episode of Girls.”