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The 1Q 2010 Hamptons/North Fork Market Overview that I author for Prudential Douglas Elliman was released today.

Other reports we prepare can be found here.

Additional insight can be gained from charts we create to supplement the report and press coverage.

An excerpt

>…There were 486 sales in the first quarter,
141.8% more than the 201 sales of the prior year
quarter, but 13.8% below the 564 sales in the
prior quarter, which was a two-year high. The
last three quarters of sales activity has been
consistent with the quarterly average of the past
5 years. Gains in the financial markets, Higher
Wall Street compensation, low mortgage rates
and improved affordability have stimulated
demand. Despite economic turmoil of the
past two years, the East End housing market,
which is driven by its second home market, has
continued to keep pace with the New York City
housing market. Although there were sharp gains
in the number of sales, up from levels not seen
in at least six years, listing inventory rose. There
were 2,318 listings, up 1.3% from 2,289 listings
in the same period last year and up 7.4% from
2,159 listings in the prior quarter. Re-sale shadow
inventory, which consists of listings that were
removed from the market in the prior year due
to unfavorable market conditions, is being added
to the current market…

Download report 1Q 2010 Hamptons/North Fork Market Overview [Miller Samuel]
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