A separate report from the Corcoran Group showed that second-quarter sales in the Hamptons rose 11 percent. Susan Breitenbach, a Corcoran broker who worked with Folise, said she has $200 million in sales and contracts so far this year, on pace to eclipse her typical yearly volume of $250 million.
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Tim Davis, another Corcoran broker, recently sold Wooldon Manor, a 14.5-acre (6-hectare) estate in Southampton, in two parcels for a combined $80 million. The seller was Scott Bommer, president of hedge fund SAB Capital Management LP, who paid $75 million for the oceanfront property in December.
Davis said he expects more listings above $20 million to become available in the next few months.
“There’s been a pent-up demand for buying some of the most sought-after homes and properties that could ever be available on the market,” Davis said.
The lower end of the market has recently been the most active, said Judi Desiderio, chief executive officer of Town & Country Real Estate in the Hamptons. Sales from $1 million to $1.99 million increased 31 percent in the second quarter, while sales from $3.5 million to $4.99 million fell 48 percent, according to a Town & Country report released last week.
“The people who were ready to put their money where their mouth was that closed in the quarter were more comfortable buying in that” lower price range, Desiderio said.