Hamptons residential market shows overall momentum, while certain markets still lag

The Hamptons residential market showed signs of life in the fourth quarter of 2009, according to the quarterly market report from Town & Country Real Estate (see full report below). The Bridgehampton area market, which the firm considers Bridgehampton, Water Mill and Sagaponack, led the recovery, with sales volume up 266.4 percent over the same quarter a year earlier, to $136.11 million from $37.15 million. Of course, it wasn’t all coming up roses in the Hamptons this winter. East Hampton Village saw its home sales volume drop to $34.81 million from $53.27 million, a 35 percent decline.

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