PAULA'S SOUTHAMPTON BLOG: July 2012

MORE SIZZLE IN THE HAMPTON'S REAL ESTATE MARKET!

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:

With most major real estate firms reporting their Hampton's Q2 results for 2012, there is one good strong message: we are seeing a jump in sales that surprises even the most diligent market watchers for the second quarter of 2012! 

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.

 HNF_Q2_2012_highlights.pdf‎ (646 KB‎)

In short:

  • 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

 BLOOMBERG NEWS:

Hamptons Home Sales Jump to 5-Year High as Luxury Demand Climbs

NEW YORK MAGAZINE TODAY:

Buyers Snapping Up Vacant Land in the Hamptons

 

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!!!

 

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                                     **ALL INFORMATION AND CONTENT IN THIS BLOG IS ORIGINAL TO PAULA I. HATHAWAY.  The views expressed herein are my personal views and do not reflect the views of Douglas Elliman Real Estate

 

Paula I. Hathaway, Senior Broker Associate, Douglas Elliman Real Estate

Southamtpon Village Real Estate Specialist since 1995;  Also Specializes in North Sea, Noyac, Water Mill and Bridgehampton, New York

Diamond , Gold and Chairman's Circle Awards; Top Producer since 2005

 

Click here to see my Hampton's website to see all my listings; please email me or call me for all your real estate needs in Southampton, Bridgehampton and Watermill:  http://www.elliman.com/paulahathaway

 http://www.hathawayhamptonhomes.com

MY REAL ESTATE SHOWS:

http://www.realestateshows.com/671362

http://www.realestateshows.com/671345

http://www.realestateshows.com/651587

http://www.realestateshows.com/flyer.php?id=654265

 

Comment balloon 13 commentsPaula Hathaway, REALTOR, Sr. LBA, • July 27 2012 11:18AM
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