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Hot Hamptons: Beach home sales go through roof

…Real estate sales in Long Island’s Hamptons hit a record in the second quarter, according to a report from brokerage firm Douglas Elliman and Miller Samuel, the appraisal and research firm. Sales for the quarter came to $1.145 billion, up 23 percent from last year’s second quarter, which totaled $929.4 million.

The second-quarter total is the highest since Miller Samuel began tracking the Hamptons market in 2005, according to Jonathan Miller, the company’s president and CEO….

…While the deal was expected to close in the second quarter, it wasn’t recorded in time for the second-quarter sales tally, Miller said….

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#Housing analyst, #realestate, #appraiser, podcaster/blogger, non-economist, Miller Samuel CEO, family man, maker of snow and lobster fisherman (order varies)
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