Fourth quarter and year-end market reports issued by brokerages in the Hamptons indicate that the market was healthy and stable throughout 2010.
Sales volume increased steadily throughout the year, though prices were largely flat without trending strongly up or down on a sustained basis. But average prices rose in the fourth quarter as high-end buyers returned to the market in numbers not seen since the crash of 2007. These high-end buyers followed a rush of entry-level buyers who led the way earlier in the year.
As always, the major brokerages (for this analysis, figures from The Corcoran Group, Brown Harris Stevens, Prudential Douglas Elliman and Town & Country were used) define the geography of the Hamptons differently. These geographical definitions account for some of the variation in reported data, which has been... more
Sales volume increased steadily throughout the year, though prices were largely flat without trending strongly up or down on a sustained basis. But average prices rose in the fourth quarter as high-end buyers returned to the market in numbers not seen since the crash of 2007. These high-end buyers followed a rush of entry-level buyers who led the way earlier in the year.
As always, the major brokerages (for this analysis, figures from The Corcoran Group, Brown Harris Stevens, Prudential Douglas Elliman and Town & Country were used) define the geography of the Hamptons differently. These geographical definitions account for some of the variation in reported data, which has been... more
