The East End roared into the second quarter: Compared with 2020, closed sales jumped 91 percent in the Hamptons and 95 percent on the North Fork.
Tag: Quarterly Reports
The Palm Beach market experienced an extraordinary 2Q — its strongest quarter on record, in fact, with closed sales volume exceeding $1.5 billion.
Brooklyn’s second quarter saw the highest number of closed sales on record, as eager buyers continued to flock to the borough seeking space and value.
This quarter, closings and signed contracts soared, bringing inventory down from last quarter and helping to stabilize pricing.
The East End powered into 2021 with a huge first quarter: Closed sales jumped a huge 89 percent in the Hamptons and 55 percent on the North Fork.
The Palm Beach market remains white-hot, with the number of closed sales up 109% and closed sales volume hitting a record high, exceeding $1.2 billion.
In Manhattan and Brooklyn, 2021 started strong: pent-up demand, increased purchasing power, and desire for more space powered a remarkable rebound.
The year went out like a lion on the East End. Closed sales during Q4 jumped 68% year-over-year in the Hamptons and 26% on the North Fork.
In the Town of Palm Beach, closings on single-family homes tripled from Q4 2019 and jumped 33 percent from Q3. Condo/co-op sales jumped 30 percent.