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Top Of The Market Sighting: 2005 Was A Good Year

Local real estate brokerage Town & Country has seen the high point of the East End's housing market and its name is 2005. According to their five-year breakdown, things were in full swing in '05 with 11 of the Hamptons markets reporting record sales before it all went terribly wrong. For big-time deals, 2007 was the peak with median high-end home prices at $999,000. Low points? Sag Harbor village and parts of Southampton, each dropped 67% of sales from '05 to '10. Ouch. On the bright side, nowhere to go but up!
· Hamptons report: residential peak at 2005 [TheRealDeal]