Cook Pony Farm report: Hamptons housing prices up. (Residential).The Hamptons residential real estate market made a strong comeback Comeback Australian breed of wool sheep, bred by crossing Merino with Corriedale, Polwarth or Zenith sheep; wool is 21 to 25 microns. It is a registered breed, but the term is more commonly used in the sense of a type of sheep produced by crossbreeding a crossbred Merino back to Merino. in 2002, with the average sales price of a home jumping by 18% to $858,500 and total sales volume and number of purchases also on the rise. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the 2002 Year End Report just released by Cook Pony pony, small horse, officially any horse under 14.2 hands (58 in./145 cm) high. Most ponies are of Celtic origin. They are noted for their extreme hardiness and gentle natures. Some ponies are only 26 in. (65 cm) high. See Shetland pony; Welsh pony. Farm, one of the area's top real estate brokerage firms, over $1.82 billion worth of home sales were recorded on the Hamptons East End last year, an increase of 28.2% over the 2001 figure of $1.42 billion. The number of purchases also rose, from 1,951 transactions in 2001 to 2,120 last year, a rise of 8.7%. "It's it's 1. Contraction of it is. 2. Contraction of it has. See Usage Note at its. it's it is or it has it's be ~have been a year of steady growth, with million dollar and up sales driving the marketplace," asserted Cook vice president Judi Desiderio, who noted that sales in $1 million to $1.99 million category rose by a dramatic 69.6% -- from 148 purchases in 2001 to 251 last year. All other categories above half-a-million dollars also increased from 31% to 37%, with $3 million and up sales rising by 31.4%. "It's not surprising that the only decrease in sales last year occurred in the $500,000 and under category," added Desiderio. "With Hampton home prices continuing to steadily appreciate, that shrinking market (homes priced below $500,000) has only one direction to go." The Cook Pony Farm Report monitors and analyzes home sales activity and price trends in Amagansett, Bridgehampton, the East Hampton East Hampton or its variants is the name of several places in the United States:
A village of southeast New York on the eastern end of Long Island on an inlet of Long Island Sound. A major whaling port in the early 19th century, it is today primarily a resort. Population: 2,360. area, Sag Harbor Village, Shelter Island Shelter Island (1990 pop. 1,193), 7 mi (11.2 km) long and 6 mi (9.7 km) wide, between the two peninsulas of E Long Island, SE N.Y. Settled in the 17th cent. by English colonists, the island has been a summer resort since the 1870s. , Southampton area, Southampton Village and Westhampton on a quarterly basis. Some of the interesting findings revealed in the 2002 Year End Report included the following: * Average sales prices were up in nine of the eleven Hamptons markets, with the largest appreciation occurring in Montauk ($551,600-up 43.7%) and Westhampton ($767,800-up 42.7%). * Despite a slight 7% dip in its average sales price, East Hampton Village still took honors in this category, with an average sales price of $2.4 million! * Bridgehampton, which includes Water Mill and Sagaponack, had the biggest increase in sales transactions (209 compared to 152-up 37.5%). The East Hampton Area was second with a 21.8% rise. * The highest priced sale of the year was $21.75 million for a home in Water Mill South. There were five other sales of $10 million and up -- two in East Hampton Village, two in Southampton Village, and one in Southampton. |
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