The Hamptons real estate markets closed out the year with a BANG for 2017!
All Hamptons Markets Combined clearly proves 2017 blew 2016 away in the last 3 months year over year. There were 105 more homes, or 36% jump in Number of Home Sales and nearly 43% more Total Home Sales Volume. No doubt the East End towns are celebrating the inflow to their CPF (Community Preservation Fund) coffers.
Digging deeper into the statistics and you will see East Hampton Village and Southampton Village once again prove their bluechip status. East Hampton Village statistically logged the greatest increases for both the Number of Home Sales and Total Home Sales Volume (+181%) with a staggering $4,000,000 Median Home Sales Price, which was eclipsed only by Southampton Village which produced a Median Home Sales Price of $4,292,500! Impressive! Southampton Village closed over $145 million dollars in the last 3 months of 2017.
Another top performing market was East Hampton Area (includes Wainscott), closing 92 Home Sales in the 4th Quarter 2017.
All in all 11 of the 12 HAMPTONS markets monitored by TOWN & COUNTRY realized increases or the same Number of Home Sales and 10 of the 12 saw gains in Total Home Sales Volume. A fine way to close out the year.
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