Ordinarily, from mid-August through October, Real Estate agents on the East End don’t take vacations, don’t get a day off and pretty much remain connected 24/7 via BlackBerry, iPhones, iPads, etc., as the fall is normally the busiest time of the year for us. Unfortunately, nothing is “normal” or “ordinary” about the Real Estate markets these days.
This year, while September and October were unusually quiet, November and December – when we would ordinarily experience the winter hibernation begin – we are experiencing a heightened activity in sales…particularly at the high end markets $3 – 5 million and over $5 million.
It’s been 2 years since we’ve seen this much activity and when the Town & Country 4th Q Report is released you will see the actual number of sales in all the different East End hamlets in 6 different price categories.
Additionally, we will report to you median home sale prices and TOTAL home sales volumes. Based on what each Town & Country office is experiencing the reports will substantiate this increase in activity. One clear indicator is the 61% YTD increase in CPF (Community Preservation Fund). While the CPF collections are up 61%, the TOTAL number of home sales will not reflect such a staggering increase but the total home sales volume will – a further confirmation of heightened activity on the high end.
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