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Quarterly Report Roundup – 2nd Quarter 2011

Quarterly Report Roundup – 2nd Quarter 2011

Reprinted from East Hampton and Southampton Press

August 3, 2011

by Phelan Wolf

Bullet Points on the quarterly data:

-       Volume approaching pre-crash levels

-       High-end becoming a seller’s market

-       Low-end remains a buyer’s market

Brokerages in the Hamptons are reporting a significant increase in high-end sales in the second quarter of 2011.  ...

Quarterly Report Roundup – 1Q 2011

Quarterly Report Roundup – 1st Quarter 2011

Reprinted from East Hampton and Southampton Press

May 11, 2011

by Phelan Wolf

Bullet ...

Quarterly Report Roundup – 4th Quarter 2010

Quarterly Report Roundup – 4th Quarter 2010

 Reprinted from East Hampton and Southampton Press

 February 16, 2011

 by Phelan Wolf

 Bullet Points on the quarterly and year-end data:

 -          Prices and volume generally stable

 -          Luxury sales volume rapidly increasing

 -          Land and Tear-Down sales south of the highway very strong

 Fourth quarter and year end market reports ...

4th Quarter Reports and Media Coverage

All the 4th Quarter Reports are out and I am busy reading them for my quarterly review which will appear in the President's Day Weekend edition of the East Hampton and Southampton Press.

The major theme in all the reports is the increase in the average price statistic.  This doesn't mean ...

The Real Deal’s Top 10 of 2010

Here's the Real Deal's List:

1. 239 Gibson Lane, Sagaponack -- $43.5 million 2. 86 Lily Pond Lane, East Hampton -- $25.5 million 3. 2 Tyson Lane, East Hampton -- $22.88 million 4. 12 Tyson Lane, East Hampton -- $19.26 million 5. 229 Quimby Lane, Bridgehampton -- $16.2 million 6. 500 Ox Pasture Road, Southampton -- ...

Georgica Report – 3Q 2010

There were six sales in Georgica in the third quarter of 2010, compared with ten in the first quarter and three in the second quarter.

The big story in the overall Hamptons market this quarter was the increase in low-end activity and decrease in high-end activity.  In the third quarter, approximately ...

Amagansett Dunes Report – 3Q 2010

There were five sales in the Amagansett Dunes in the third quarter of 2010, with approximately the same number being sold in the prior quarters of the year.

The big story in the Dunes this quarter -- and so far this year -- is the "cherrypicking" of the best Dunes inventory.  ...

Waterfront Report – 3Q 2010

Waterfront properties continued this quarter to show that their values have, in many cases, held up strongly through the crash.

The broader Hamptons Market reports showed reduced average and median prices this quarter, as a result of strong selling in the under $1 Million market and weak high-end sales.  It continues ...

Quarterly Report Roundup – 3Q 2010

 Quarterly Report Roundup – 3rd Quarter 2010

Reprinted from East Hampton and Southampton Press

November 3, 2010

by Phelan Wolf

Bullet Points on the overall data:

 ·         Prices and Volume generally stable

·         Low-end activity is strong (good time to be a low-end seller)

·         High-end activity is weak (good time to be a high-end buyer)

·         Land ...

Bloomberg on the 3Q 2010 Reports

Bloomberg quotes the Prudential economist as follows:

“What it suggests to me is not that there was a sharp drop-off in pricing, because there wasn’t,” said Jonathan Miller, the president of Miller Samuel. “It’s a shift in the mix. We had a drop in upper-end sales ...

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