Click to enlarge (source: Town & Country Real Estate)

The highest and lowest ends of the sales market kept East End real estate alive during the first half of 2011 even as activity dwindled.

Nine of the 12 main Hamptons sales markets saw fewer closings during the first six months of the year than they did during the same period in 2010, Town & Country Real Estate said today, resulting in a 9 percent decline in Hamptons home sales overall. In some areas, the declines were severe: the number of sales dropped by 25 percent in Westhampton and 21 percent in Amagansett, for example.

But in many markets, the sales that did happen were largely in the upper echelon in terms of pricing, Town & Country’s data shows.
– Sarabeth Sanders [more]