The numbers have been crunched and it turns out the final quarter of 2012 wasn't so bad for the East End, especially at the high end of the market. Jonathan Miller, who prepares the quarterly reports for Douglas Elliman, breaks it down into these three bullet points:
- Most fourth quarter sales and lowest level of inventory in 6 years.
- Highest average sales price in 7 years, skewed by the high end.
- Days on market increased (since many older listings finally sold).
Your thoughts and analysis in the comments, please.
· 4th Quarter Hamptons Market Report [Douglas Elliman]