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Elliman Report: Hamptons Sales 3Q 2015
Hamptons sales activity remained below the last year’s heavy volume but above long term averages. There were 507 sales in the third quarter, 20% below the prior year total but 11% above the decade quarterly average of 457. The number of sales declined 5.8% yearto- date. The market share of sales below $1 million fell to 49.5%, the lowest point in the four years this metric has been tracked. Hamptons sales market share accounted for 75.3% of all East End sales and 88.4% of all East End dollar volume, down slightly from year ago levels…
