Housing Notes: Hamptons, North Fork & Long Island have a chronic supply problem
Takeaways Author’s Note After 19 years of reporting on the Hamptons & North Fork housing markets through a national brokerage firm, I’ve partnered with the Hamptons Real Estate Association (HREA) to continue the series with quarterly releases. For now, I’m also punching out Long Island results because it dovetails well with the East End market story (and it’s fun). Hamptons Overall, Hamptons housing prices declined, largely because the mix shifted toward smaller properties. Market distortion from limited inventory continues to drive the market’s behavior. The median sales price declined 6.3 percent annually to $1.875 million after 6 straight quarters of […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Open-Air Centers Thrive As Enclosed Malls Expire
Indonesian Tycoon Mochtar Riady’s OUE REIT Boosts Stake In
Sydney Skyscraper In Deal Valued At $607 Million
2027 Kitchen Design Trends: Leading Indicators, Part
1:
2027 Kitchen Design Trends: Leading Indicators, Part
2
New Report Reveals Hidden Homeownership Costs For 30 U.S.
Cities
Data Centers Aren’t Crowding Out Construction, Except In Hot
Spots
Tov Enters The Furniture Rental Market With A Design-Forward
Approach
Long Island’s historic Oheka Castle finds buyer for $72M at
auction
J Scott: The House of Cards Is Going to Fall
Turning $12K in Rent Payments Into a $1.3M Real Estate
Portfolio
