After spending a year on the market without any offers, the historic Henry D. Hedges House, an East Hampton Village mansion at 29 Huntting Lane, has gained another broker.

The eight-bedroom, eight-and-a-half bathroom Victorian home had been listed with Jean Rickenbach of Sotheby’s International Realty until today, when Jim Oxnam of Brown Harris Stevens landed a co-exclusive. It was originally listed for $11.5 million in January 2009, but the price was cut to $10.9 million in October. It wasn’t immediately clear why the price was dropped.

The three-story home, located in the Huntting Lane Historical District, has six fireplaces, an elevator, carriage house and a heated pool and deck.

Sotheby’s does not recommend co-exclusive listings, Rickenbach told The Real Deal, but “we do what our client asks us to do.”

Home sales volume in East Hampton Village dropped 35 percent during the fourth quarter, according to a Hamptons residential market report released this morning by Town & Country Real Estate. [more]

Judi Desiderio, founder of Town & Country Realty

A Hamptons housing report released today shows progress in some markets, while sales volume in certain areas is still slipping. The number of home sales in the Hamptons in the third quarter was only down 2.5 percent from the same period a year ago, according to a report released today by Town & Country Real Estate, a more modest drop than other markets are experiencing, particularly in the luxury sector. There were 251 sales transactions in third-quarter 2009 versus 257 in the same three months last year, the third-quarter East End market report shows (see the full report after the jump). Judi Desiderio, founder of Town & Country, which has nine offices on the East End, said that she had predicted that the market would stabilize that quarter and that the report proves her right. Even so, six markets on the East End saw sales drop.
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