Momentum grew on the East End during the third quarter. Closed sales jumped 38% year-over-year in the Hamptons and 23% on the North Fork.
Tag: Quarterly Reports
In the Town of Palm Beach, closings on single-family homes increased 120 percent compared with Q3 2019, and condo/co-op sales jumped 22 percent.
In Manhattan and Brooklyn, a challenging third quarter ended on a positive note, with signed contracts jumping 167% and 157%, respectively, over Q2.
After four consecutive quarters with year-over-year declines on the South Fork, reported closed sales increased 3% in Q4 2019.
In the Town of Palm Beach, single-family home sales increased 29% year over-year during Fourth Quarter 2019.
In a market eager for improvement, this quarter’s results provide a constructive yet tentative backdrop heading into what’s sure to be an eventful 2020.
In the Town of Palm Beach overall sales rose 16% year-over-year and 43% compared to last quarter. The significant quarterly gain is typical of the spring selling season.
Brooklyn exhibited varied market signals this quarter as buyers continued to endure supply constraints at lower price points and sellers experienced tempered demand at the high-end.
Welcome to the Third Quarter 2017 Corcoran Report, our quarterly comparison of the East End’s residential real estate market. This report uses market-wide data from the Long Island Real Estate Report and is based upon transactions reported from July through September 2017.