East End’s middle market steals spotlight in second quarter sales
Long Island’s East End may be known for its trophy estates, but it was the middle market that drove sales in the region last quarter. While activity in the Hamptons and the North Fork ticked down in the second quarter, homes above the market’s entry level but short of its upper echelons accounted for the largest share of transactions, according to data by Miller Samuel and Streetmatrix. That shift in deal concentration represents a departure from previous quarters, when properties in the highest price tranches dominated sales. “In both of these markets, the segment above $1 million but below the […]
This article originally appeared on The Real Deal. Click here to read the full story.
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