Home sales rebound on East End

April 09, 2010 06:30PM

Rick Hoffman, Corcoran’s senior vice president of the company’s East End division

By Sarah Ryley Sales activity appears back to normal on the East End of Long Island. According to the Corcoran Group’s quarterly market report, released today, there were 466 residential sales recorded in the Hamptons and on Shelter Island last quarter, compared to 208 during the first quarter of 2009 and 413 during the first quarter of 2008. Click title link for more.

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ED:  Back to normal? Looks like 50% of Q1 2007 Must be the “New Normal”.

Quarterly Sales History for East End
Quarter Total Sales
# $ Amount Median
2007  Q1 757 1,093,415,572 720,000
2007  Q2 907 1,363,583,656 765,000
2007  Q3 724 1,051,374,697 733,500
2007  Q4 737 978,953,132 673,000
2008  Q1 477 779,917,070 650,000
2008  Q2 677 901,032,078 712,500
2008  Q3 519 603,573,787 575,000
2008  Q4 465 553,361,586 585,000
2009  Q1 258 245,280,486 507,500
2009  Q2 443 510,882,312 605,000
2009  Q3 531 651,504,116 594,250
2009  Q4 678 850,370,849 600,000
2010  Q1 361 533,145,534 800,000

info : http://www.lirealestatereport.com/QuarterlySalesMaster.asp  as of 4/10/10
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