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Elliman Report: Hamptons Sales 1Q 2014

…The housing market in the Hamptons was largely characterized by a rise in sales and inventory as well as a shift towards a more typical mix of activity. In the prior year quarter, there were a limited number of high-end sales following the expiration of the “fiscal cliff” as market participants rushed to close before the end of 2012. As a result, the year-overyear rise in the price indicators were skewed higher. Median sales price jumped 18.9% to $880,000 from prior year quarter…

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