MORE SIZZLE IN THE HAMPTON'S REAL ESTATE MARKET!...HAMPTON'S MARKET REPORTS ARE SIZZLING! On July 14th I wrote a featured post regarding the unit sales we were witnessing in the month of June here in Southampton Village:SIMMERING SALES IN SOUTHAMPTON VILLAGE, NEW YORK!...An Update On Sales Here:
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Miller Samuel is the accounting firm for Prudential Douglas Elliman and when they release their quarterly report on real estate sales, they are quoted as gospel for the Hamptons housing activity. Below is the link that will take you to the most recent release for second quarter of 2012 for Hamptons and the North Fork of Long Island.
- We had an increase of sales for 2012, Q2 of +77.4% (676 units) over 2012, Q1 (381 units)
- There were 676 units sold in 2012, Q2, versus 619 units sold in 2011, Q2--a +9.2 increase
- Median selling price went from $630,000 in 2011, Q2 to $735,000 in 2012, Q2
It appears that The Hamptons is making real estate headlines right now--lets hope that is a bell weather for the rest of the Nation!!!