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Elliman Report: Hamptons Sales 3Q 2014

In contrast to housing markets within New York City, the number of Hamptons sales jumped from prior year levels. There were 701 sales, up 31.3% from 534 in the prior year quarter. There have been 15.9% more sales in the first three quarters of 2014 than the same period last year. The market share of sales below $1 million fell 2.1% to 62.1% from the prior year period. Market share of sales above $5 million expanded 1.3% to 5.6%. There were 39 sales above $5 million, 69.6% more than the same period last year. Like most of the region, listing inventory has been rising, but was outpaced by the increase in sales activity…

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