32 Middle Lane in East Hampton. (Photo: Town & Country)
"2017 was not kind to the high end. We knew going into that year that the second half of 2016 experienced a pull back for high end homes," reflected Judi A. Desiderio, Chief Executive Officer, Town & Country. "Theories as to why have been swirling, but the bottom line is the demographic of our buyers of ultra-expensive luxury real estate finds the majority work or invest in the stock market. Starting in late 2016, the stock market was poised to ride a strong surge. It did just that - 2017 closed with the DOW up 25 percent. That is why we now see a strong real estate market in 2018."
In the report, Desiderio points out that the number one spot wouldn't have even made the list back in 2014, when the staggering sale of 62 Further Lane in East Hampton, plus two contiguous lots, topped the list at $147 million. Prior to that, the most expensive sale was in 2007 - another Further Lane estate that sold for $103 million.
Paul Guillo And Chris Hall
Two Of The Most Respected Names In The Community
Together, they are partners in CP Complete. They bring their years of experience
and integrity to creating and renovating luxury backyards.
Hamptons luxury real estate specialist for 33 years, Andrea Ackerman offers outstanding expertise in the field. Trusted, experienced and successful, Andrea has solidified herself as the go-to broker of the Hamptons and a wholehearted advocate for her clients. A pioneer in the real estate industry on the East End of Long Island, she is driven by her passion for the business. Andrea is based in the Bridgehampton office of Brown Harris Stevens as a licensed real estate associate broker and consultant.
Formerly, a principal partner and Senior Director at Brown Harris Stevens, Andrea now assists in developing their corporate strategy for the Hamptons region, advising other brokers and sales associates, as well as being one of the top producers and listors.