Local Hamptons brokerage Town & Country Real Estate has released its 4th quarter market report and it looks like ’09 ended with a nice little pop: 47% increase in overall sales from '08 to '09, with median prices rising over 12%.
Combined with Corcoran's vague prediction of good things in 2010, this latest news adds to that faint whiff of optimism now floating on the crisp winter breeze. Now off the floor, could the East End market be learning to stand on its own feet? Perhaps. Still a little wobbly, however, were East Hampton Village (median price: -27%), Amagansett (-39%) and, although overall sales increased 90% in Sag Harbor, prices dropped 41%.
· 4th Quarter 2009 Home Sales Report [Town & Country Real Estate]