During the second quarter of 2016, Long Island saw the highest number of second quarter sales in a decade, but that didn't reflect the Hamptons, where the number of sales indicated its fourth consecutive double-digit sales decline, according to the Douglas Elliman Market Report.
"The Hamptons market is resetting to a more sustainable level of activity after the rapid pace of the previous couple of years," explained Dottie Herman, President and CEO of Douglas Elliman. "Even with the slower pace, second quarter sales volume was 25 percent higher than the 10 year average."
The median sales price in the Hamptons rose 4.3 percent to $975,000, while the average sales price dropped a lowly 0.3 percent to $1,684,243. The number of sales dropped a significant 20 percent to 561 and the time properties spent on the market increased from 165 to 170.
Within the luxury Hamptons real estate market, the average sales price dropped 22.3 percent to $6,847,841. The median sales price saw no change, remaining at $5,500,000, but the number of sales closed improved 26.7 percent from 45 to 57.
It was a completely different story on the North Fork. The area saw its highest second quarter sales since 2008, increasing 4.7 percent to 179. The median sales price was also on the rise, increasing 2.9 percent, marking the 9th consecutive quarter it grew.
Southampton Masonry has been serving Long Island's masonry and tile needs since 1975. Delivering quality products from Manhattan to Montauk for over three decades. The company's continued success is due primarily to their number one priority: customer satisfaction, with a promise of prompt and courteous service from the professional, knowledgeable staff.
Southampton Masonry has the largest inventory on the east end. As direct importers they can offer a large variety of the finest quality products at the most competitive pricing for both your interior and exterior projects.
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 34 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.
Southrifty Drug is a small, neighborhood pharmacy with limited shelf space, and we have to be very selective about which over-the-counter items we carry. As a result you'll find a no nonsense concentration of very effective, high quality and useful products on our shelves. In this new section, we feature a number of these products that we feel are especially worthy of your consideration.
Burner Law Group, P.C. are full service elder law attorneys concentrating in the areas of Estate Planning, Trust and Estate Administration and Litigation, Special Needs Planning, Guardianship and Elder Law. Offices in East Setauket‚ NY, Westhampton Beach, NY, and New York, NY.
Our menu focuses on seafood and Greek dishes such as salt baked fish, seafood pasta and Mediterranean mezze. Our wine list has been awarded The Award of Excellence from Wine Spectator and boasts the largest selection of rosé in the Hamptons. The name Calissa is derived from the brightest constellation in the summer sky.Our sister restaurants in New York are Amali and Bar Marseille, opening 2020 in the Rockaways. Calissa offers private dining spaces for groups from 10 to 300 people. To plan your next wedding, corporate event or gathering, please email firstname.lastname@example.org. 1020 MONTAUK HIGHWAY, WATER MILL
Suburban Propane has been serving the energy needs for home owners and business in the Hampton’s for decades. We offer friendly service by local professionals you know and trust, plus the peace of mind that comes from knowing we are among the leaders in the industry for safety.