Corcoran Group reports busy third quarter for Hamptons home sales.The Hamptons home sales market was busier than usual during the third quarter, with nearly a hundred more closings this year than for the same three-month period in 2002. 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 just released Third-Quarter 2003 Report issued by The Corcoran Group (formerly Cook Pony Farm), one of the Hampton's top real estate brokerage firms, a total of 656 sales took place in the exclusive South Fork South Fork may refer to:
tr.v. con·sum·mat·ed, con·sum·mat·ing, con·sum·mates 1. a. To bring to completion or fruition; conclude: consummate a business transaction. b. last year, while sales volume rose by 10.9% from $476.8 million to $528.6 million. Average sales prices, however, dipped by 5.7%, falling from $854,600 to $805,817, due largely to a drop in the number of $3 million and up transactions. "While there was a modest slowdown in activity at the most expensive end of the market, the good news is sales activity is healthy overall and getting stronger, and high-end buyers have definitely returned to the marketplace, asserted Corcoran Group Vice President Judi Desiderio. Citing other current strongholds, Ms. Desiderio pointed to 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. , where Third Quarter sales activity rose by 23.5%; sales volume increased by 79%; and the average sales price climbed by 44.9%, from $507,754 to $735,667. Numbers for Montauk were even more impressive: a 55% increase in sales activity; a whooping whoop n. 1. a. A loud cry of exultation or excitement. b. A shout uttered by a hunter or warrior. 2. A hooting cry, as of a bird. 3. The paroxysmal gasp characteristic of whooping cough. 165% surge in sales volume and a 71.2% rise in average sales price, from $532,675 to $911,952. "Best of all, as the economy continues to gain momentum, buying real estate in the Hamptons will be an increasingly attractive option for growing numbers of consumers and investors alike," asserted Ms. Desiderio, who added that she expected a "very strong market this coming season." Published quarterly, 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, Southampton area; Southampton Village and Westhampton. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion