Although it is April Fool’s Day, I realized I was negligent in posting the Hamptons/North Fork report on Matrix and my web site (hey, I know 1Q 08 is now over and I am working on that report.) The report was previously available at the Prudential Douglas Elliman site.
The PDF version of the 4Q 2007 Hamptons/North Fork Market Overview [Miller Samuel] is available for download. I have been writing various incarnations of my New York regional market report series for them since 1994.
In short order (by 1Q 08), I’ll be adding data tables and charts to the Miller Samuel web site.
…The average sales price of an East End property was $1,487,161 in the current quarter, up 17.6% from the $1,264,165 average sales price of the same period last year. Median sales price, which generally eliminates price outliers, showed a similar pattern. The median sales price was $800,000, an increase of 14.7% above the prior year quarter median sales price of $697,500. Over the past few years, the year over year pace of price growth in the third quarter has been larger than any other quarter of the year. The higher price levels reached in the third quarter have inferred quarter over quarter weakness going to the fourth quarter…Over the past year, the pace of price increases in the East End has been higher in the luxury sector…
Download report: 4Q 2007 Hamptons/North Fork Market Overview [pdf]