Corcoran Report
Four of the top five sales in the quarter recorded by brokerage Corcoran Group were in Southampton Village, driving the median price there up 40 percent to $2.8 million. The total value of completed deals in the village more than doubled to $157.9 million, up from $65.9 million a year earlier, Corcoran said in its report Thursday.
In Water Mill, where transactions jumped 60 percent to 24, the median price rose 86 percent to $3.73 million, according to the brokerage.
Deals for vacant land in the Hamptons slowed to 56 from 88 a year earlier, Corcoran said. The dollar volume of land purchases fell 44 percent to $58.6 million.
This article was provided by Bloomberg News.