Third Quarter 2018 Market Report

Third Quarter 2018 Market Report

  • Michael Petersohn
  • 09/30/18

The total number of 3Q18 South Fork sales dipped 15.7% compared to 3Q17 (344 in 2018 vs. 408 in 2017), and the total dollar volume decreased 17.8% to $598,741,707.

The 3Q average sales price in the Hamptons declined 2.5% to $1,740,528 while the median price increased 14.8% to $1,033,000.

Amagansett, East Quogue, Montauk, Shelter Island and Westhampton were among the areas that had fewer total sales, but at higher prices - resulting in increased average prices in 3Q18.


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Over 30 years of experience actively managing & owning residential properties. He has an excellent reputation for honesty & integrity, the talent for being a persuasive negotiator, & the keen ability to effectively match buyer and seller.