Q4 dip in sales just a symptom of Trump anxiety: experts

February 15, 2017 04:59PM

Hamptons real estate players are mostly unruffled by the somewhat steep drop in the number of home sales between the fourth quarter of 2015 and the same period in 2016, citing the election as the cause for the “pause” in sales. In 2015, there were 396 homes sold in the fourth quarter, according to the Long Island Real Estate Report. In 2016, that number fell to 624. “[B]uyers were focused on world events such as Brexit, the sluggish financial markets and the pending presidential election. ‘Uncertainty’ often causes buyers to pause,” Tim Davis, a top broker at the Corcoran Group, told 27East. Most, in fact, are optimistic for 2017. “City sales in the high-end luxury sector have picked up significantly and the Hamptons always follow suit,” Andrew Azoulay of Douglas Elliman said. [27East]