Hamptons housing price indicators and the
number of sales were up sharply over prior year
levels. Median sales price jumped 26.5% to
$975,000 from the prior year quarter. Average
sales price increased 31% to $2,062,072 over
the same period. Price momentum increased
towards the end of the year as sales rose and
inventory remained stable. Year-to-date median
sales price and average sales price increased
13.9% and 8.2% respectively from the same
period last year. The luxury market, representing
the top 10% of all sales, began at $4,100,000 in
the fourth quarter, up a modest 4.1% from the
prior year period despite the higher gains seen
in the price indicators…