The already-declining real estate market on the East End of Long Island took another major hit in the first quarter of 2009 as both sales volume and median prices dropped sharply. On this week’s Webcast, The Real Deal’s Jen Benepe talks to market analyst Jonathan Miller, president of appraisal firm Miller Samuel, about the Hamptons report he released with Prudential Douglas Elliman last week. While Miller said he doesn’t think it’s time to “stick a fork” in the South Fork, he did say that in the five years that he’s been tracking data on the East End “it’s the largest decline in prices.” To watch the full Webcast click on the video below and to read the full market report click here.
