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Elliman Report: Hamptons Sales 4Q 2016
The pace of the Hamptons sales market slowed but still moved faster than long-term averages. The decline in high-end sales played a large role in skewing market wide price indicators lower. Transactions above $5 million fell 40.3% to 37 from a record 60 sales in the prior year quarter. Sales also declined in lower priced segments but to a lesser degree. The number of sales from $1 million to $5 million dropped 15.6% to 200. Sales below $1 million, representing 54.8% of the overall market, declined 8.6% to 287 over the same period…
