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3rd Quarter Numbers

Town & Country Real Estate just released its 3rd Quarter Home Sales Report for the Hamptons and the news was generally positive, especially for the high end market. Eight of the twelve regions covered in the report saw gains in median home sale price. The greatest increase was found in the village of East Hampton, which, thanks to only seven houses changing hands, saw the median sale price jump over 150% to an astounding $4.85M. And while this trend is definitely encouraging, activity in the market remains a fraction of what it once was. The 3rd quarter in 2007 saw more than $920M in home sales. For the same quarter this year the number is less than half that. [Town & Country]