Hamptons Real Estate Market Reports
The real estate market on Long Island is thriving
Compared to 2Q in 2015, the number of sales fell 20.5% to 561; however, the median sales price, $975,000, increased 4.3%, the highest second quarter result in 9 years.
After the financial crisis began, the fourth quarter suddenly became the biggest quarter of the year for high end sales. Why?
The vagaries of Wall Street meant for declining sales during the first quarter of 2016. Compared to the same quarter in 2015, the number of sales fell as did the median sales price; the average sales price, however, was the highest for a first quarter in 8 years.