While the second quarter of 2007 saw the median sales price of Hamptons homes hit $1.1 million, today that price has dwindled down to $770,000, according to data from Prudential Douglas Elliman. This marks a 30 percent drop, and agents working across the luxury region are noticing the changes. “Things that were priced for $1.1 [million] or $1.2 million, you can bring down to under a million now,” Southampton’s Beau Hulse Realty CEO Thomas Hulse said. According to Peter Moore, a sales agent at the Corcoran Group, the average home in the Hamptons is selling for 15 percent below its asking price.
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TWEETS
- This week, @DouglasElliman dominates @trdny's "Top Residential Agents" list, scoring three of the top five spots. http://t.co/WuwFfoQI 10:26:54 PM May 25, 2012
- Here's some #NYC residential sales data before you head off to the #Hamptons via @trdny http://t.co/41pt08N4 08:54:27 PM May 25, 2012
- Marcia Gay Harden gets $2.8M for #Harlem townhouse listed by@cathytaub of @StriblingNYC http://t.co/pR718yY4 via @trdny 08:47:36 PM May 25, 2012
- Boymelgreen, Africa Israel settle with @AGSchneiderman over 20 Pine St. construction, but face new $20M suit http://t.co/wYyqrfBP via @trdny 08:16:42 PM May 25, 2012

