Homes in Sag Harbor sold for a median of $935,000 in the second quarter, 2 percent less than a year earlier, according to a separate report Thursday by Corcoran Group. The number of purchases was little changed at 55.
Across 14 towns and neighborhoods in the Hamptons, the number of transactions was little changed at 597, the brokerage said.
Luxury Market
The luxury market is still strong. The median sale price of homes in the category, the top 10 percent of all deals, rose 1.8 percent to $5.29 million, Miller Samuel and Douglas Elliman said. Listings declined 10 percent to 242, according to the firms.
Corcoran broker Gary DePersia sold a newly built 7,750- square-foot (720-square-meter) house in Water Mill for $9.9 million in April after drawing three bids. The property, first listed for $9.95 million when construction began in April 2013, had its price raised to $10.95 million when it was finished last July, he said.
“The house stays on the market for a while, and then -- this may not be a delicate way to put it -- but houses become like a dog in heat,” DePersia said. “All of a sudden, all the buyers are sniffing around them, and it becomes the next greatest thing to go.”