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Last weeks sales report was even with 08.

This weeks sales report shows:

-an increase of nearly 40% in the number of sales vs. ’08

-a 40%  increase in dollar volume

-a 17% decrease in median price

-a flat average sales price

Considering what we have been experiencing, that’s GOOD NEWS!

                        East End Sales Statistics
Week Ending            08/22/08
Number of Sales                                    38
Total Dollar Amount                $45,630,007
Median Price                                $       622,450
Average Price                              $   1,200,790


                        East End Sales Statistics
Week Ending           08/21/09
Number of Sales                                    53
Total Dollar Amount                $63,844,539
Median Price                               $       530,000
Average Price                             $   1,204,614

Lis Pendens news is not good, with ’09 number of homes and dollar volume nearly doubling with median and average mortgage figures rising.  That means more expensive homes are headed down the foreclosure road.

                    East End Lis Pendens Statistics
Week Ending              08/22/08
Number of Filings                                              15
Total Mortgage Amount                        $9,078,727
Median Mortgage                                      $    327,250
Average Mortgage                                    $    605,248


                    East End Lis Pendens Statistics
Week Ending              08/21/09
Number of Filings                                              27
Total Mortgage Amount                        $17,376,528
Median Mortgage                                     $       408,000
Average Mortgage                                   $        643,575

We’ll keep our eyes on the weekly numbers. Check back for more info.


information provided by http://www.lirealestatereport.com

also see the following AP post:

Some real estate agents in NY’s Hamptons see rally

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