From the August issue: It’s been a rocky couple of years for the real estate market on Long Island’s East End. But now that the worst of the downturn has passed, the region’s major residential firms are seeing a slight increase in size compared to the last two years.
This year, the 10 biggest brokerages in the Hamptons, Shelter Island and the North Fork collectively had a total of 1,230 agents — up 7 percent from 1,149 in 2011, according to The Real Deal’s annual ranking of the biggest East End firms. While that is not a huge jump, it is the second year that the agent headcount has gone up. In 2010, the 10 biggest firms had a total of 1,140 agents. [more]