Brokerage Town & Country, in its own report this week, said there was a 29 percent decline in sales across all price ranges.
Sales increased in the village of East Hampton, Southampton and on Shelter Island, Corcoran said in its report. In Bridgehampton, there were 31 home transactions in the quarter, the same as a year earlier. The median price rose 8 percent to $2.8 million.
Hamptons homes at the lowest end of the spectrum -- those under $1 million -- did the best during the quarter, according to Jonathan Miller, president of Miller Samuel. The median price of those properties, accounting for just under half of all sales, jumped 10 percent to $567,500, he said.
“There’s been a tremendous amount of wealth creation in New York and not all of them are billionaires,” Miller said. “There’s interest in second homes that aren’t necessarily trophy properties.”