2017 Real Estate in the Hamptons, North Fork & Shelter Island - what will 2018 bring?
By Joan Bischoff van Heemskerck
(Town and Country Real Estate of the North Fork)
The First Full Year Real Estate Stats for 2017 Hamptons, North Fork & Shelter Island and a prediction for 2018 [1]HAMPTONSDoomsayers at the beginning of 2016 had it all wrong. The Hamptons according to Judi Desiderio’s Town and Country third quarter reports, based on actual Suffolk County public records of closings, was doing well, although plagued by a lackluster market in $20 Million plus range. Brokers still report lack of listings, not able and willing buyers.NORTH FORK: Fewer transactions, but still a 2% dollar volume gain.Again, an all-time record in dollar volume of contracts to purchase residential real estate on the North Fork was reached in 2017: $363.6 Million. But there were fewer transactions compared to 2016: 448 vs. 481. 82 contracts were over $1 Million, vs. 70 in 2016....
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