TOWN & COUNTRY hereby releases their much anticipated year end Home Sales Report.
WASHINGTON, D.C. – February 18, 2013 – (RealEstateRama) — The 12 unique markets monitored by TOWN & COUNTRY enjoyed improved sales activity. 11 of the 12 saw gains in the Number of Home Sales by as much as 47%, which was posted in East Hampton Village. The single market of Hampton Bays had 4 less home sales from 158 in 2011 to 154 in 2012 — a flat or stable year, in our opinion.
Our darling hamlet of Amagansett set the high bar on the Median Home Sales Price with an increase of 22% to
East Hampton Village once again steals the show. The Number of Home Sales rocked a 47% increase from 47 sales in 2011 to 69 in 2012. The Total Home Sales Volume more than doubled year over year from $173M to $362M, 2011 to 2012 respectively. Closer examination of the 7 different price ranges monitored by TOWN & COUNTRY and you see that East Hampton Village had the most amount of sales over $10M with 10 of the 33 for the entire year. The Median Homes Sales Price for 2012 in East Hampton Village was nearly $3M.
In addition 6 of the 10 most expensive home sales in the Hamptons for 2012 were in district 0301 — for those not in the business that would be none other than East Hampton Village.
To view more specifics on your particular locations visit www.1TownandCountry.com/reports.
Judi A. Desiderio, CEO
*Source: The Long Island Real Estate Report