Although pricing did not change in the third quarter of 2012, sales activity some parts of the Hampton have shown some form of life according to a Town & Country Home Sales report, released Monday.
Numbers rose in 11 of the 12 markets in the country, according to the report. The number of homes sold overall in the Hamptons went up 17 percent in the past year, but the median home price went down 8.5 percent, The Real Deal confirmed.
According to The Real Deal, total sales volume increased by 1.6 percent. In East Hampton Village, sales increased more than any other market in the Hamptons.
Home sales in that area rose 57 percent over the year and sales prices fell 40 percent, from $4.85 million to $2.9 million.
The three areas where median sales prices were exceptionally high included Sag Harbor Village, Westhampton and Amangansett.
Areas of the Hamptons with attractive school districts and more concentrated areas have seen a lot of new residents in the area.
The Hamptons is a well known area that has residents such as Hollywood stars and producers, as well as those with wealthy backgrounds, who can afford and are able to keep up with the lifestyle in the area.
