Real Estate Market in the Five Eastern Towns of Long Island

In recent years, home and vacant land real estate prices have grown at unusually high rates in all five Towns, and we expect that growth to continue for the foreseeable future.

Price increases in all five towns are impressive. In the largest town,
Southampton, median price growth was 178% over the six year period 1999 through 2005. In East Hampton, the second largest town, the growth over the same period has been 195%. The highest growth in median price over the period was in the smallest of the five towns, Shelter Island, 200%.

The Hamptons , and to a growing extent, the other three East End Towns, are celebrity driven markets. These markets are IN locations, populated by the rich and famous, and the wanna-bes . The high end Monster House Market is a segment of the market, which is growing fast and expected to grow even faster in the future. This high end of the market is less subject to down-turns in the economy, because those buying these very expensive homes tend to be more down-turn resistant.