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Community Corner

Hamptons Home Prices Slip, Sales Volume Up

New fourth quarter record for sales volume set, The Real Deal reports.

While median home prices on the South Fork took a dive in the fourth quarter, the number of homes sold from October through December more than made up for it with a total sales volume of $501.3 million, topping the fourth-quarter record set in 2010 by 4.6 percent, according to a Real Deal analysis of Town and Country Real Estate's market report.

The Real Deal reports that the number of sales in the $2 million to $3.5 million range plummeted 43 percent.

Most areas saw sales volume increase, but Montauk and the Southampton area both saw volume slide greater than 20 percent, according to the report.

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East Hampton Village remained the priciest neighborhood in the Hamptons despite a 32 percent median sales price decrease.

Read more at therealdeal.com

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