Hamptons housing market plummets
April 15, 2009 01:10PM
Homes in the Hamptons
Hamptons real estate prices and sales continued to fall in the first quarter, according to data from analysis firm Suffolk Research Service. Sales on the East End declined by 42 percent compared to the fourth quarter of 2008. "The market is just dead," said George Simpson, head of the research service. But area brokers said they have started to see an increase in sales over the past month.
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Comments
Anonymous
Wow this is a shocker, what housing market hasn't plummeted? Save headlines for something newsworthy
Comment #1 Posted By: Anonymous 04/15/09
Anonymous
hamptons hemorrhaging has not even begun. things are gonna get ugly on the south fork!!!!!!!!!!!!!
Comment #2 Posted By: Anonymous 04/15/09
Anonymous
Don't tell the real estate agents that- they still think it'll all come back very soon! Talk about a collective group of village idiots.
Comment #3 Posted By: Anonymous 04/15/09
Anonymous
fa real?
Comment #4 Posted By: Anonymous 04/15/09
Anonymous
Brokers are sheer stupid and still dont get whats going on. Brokers who think there is activity in the market and Sales are picking up please keep dreaming and as always misinform the market.......
Comment #5 Posted By: Anonymous 04/15/09
Anonymous
$500 ppsf by the end of summah!
Comment #6 Posted By: Anonymous 04/15/09
Anonymous
oh how sweetly the jaybird sings!!
Comment #7 Posted By: Anonymous 04/15/09
Anonymous
Hamptons sellers have zzzerrooooo!!!!
Comment #8 Posted By: Anonymous 04/15/09
Anonymous
it's already less than 500 psf #6! Manhattan will soon be under 500 psf---that's inevitable--hamptons will be under 250.
Comment #9 Posted By: Anonymous 04/15/09
Anonymous
Stop, it. Manhattan will weather this storm just fine. Stop feeling like the world is over and enjoy your life; Manhattan and the Hamptons are the best places to do so
Comment #10 Posted By: Anonymous 04/15/09
Anonymous
* Between 1974 and 1980, prices declined by 12.4% citywide. * Between 1980 and 1989, prices increased by 152%. * From 1989 to 1996, prices dropped by 29.3%. * From 1996 to 2006, the City’s latest boom, housing prices increased by 124%. NYC should retrace to 90's prices by next year and then get ready for an ugly decade!!
Comment #11 Posted By: Anonymous 04/15/09
Anonymous
blame in on the Real Housewives!
Comment #12 Posted By: Anonymous 04/16/09
Anonymous
BOO HOO
Comment #13 Posted By: Anonymous 04/20/09