The Hamptons/North Fork Market Overview 3Q 2009 (Data Brief)

Publication Date: October 22, 2009

analysis prepared by

Prudential Douglas EllimanJonathan J. Miller

http://www.prudentialelliman.com

President/CEOMiller Samuel Real Estate AppraisersMatrix blog - interpreting the real estate economy(646) 283-2351 mobile

http://matrix.millersamuel.com

(212) 768-8100 X101 office

jmiller@millersamuel.com

The Housing Helix Podcast

http://www.millersamuel.com/reports http://www.thehousinghelix.com

The Hamptons/North Fork MARKETMatrixCurrent QtrPrev %ChgPrior Qtr%ChgPrior Yr Qtr

Average Sales Price$1,339,5104.3%$1,284,4861.3%$1,321,738Median Sales Price$700,0002.9%$680,000-4.0%$729,000Number of Sales45949.5%30729.3%355Days on Market (From Last List Date)19827.0%15614.1%173Listing Discount (From Last List Price)16.9%16.0%10.2%Listing Inventory2,4195.8%2,28621.5%1,991

MARKETS BY REGIONThe Hamptons MARKETMatrixCurrent Qtr%ChgPrior Qtr%ChgPrior Yr Qtr

Average Sales Price$1,571,0294.7%$1,500,7352.2%$1,537,512Median Sales Price$810,0005.2%$770,000-2.4%$830,000Number of Sales33946.8%23131.9%257Days on Market (From Last List Date)21336.5%15621.7%175Listing Discount (From Last List Price)18.7%16.2%10.5%Listing Inventory1,7354.4%1,66211.1%1,561

Quintiles (Median Sales Price By NOS)

Current QtrPrior QtrPrior Yr Qtr

5/5$3,637,5009.4%$3,325,0004.0%$3,499,0004/5$1,500,0004.3%$1,437,50013.4%$1,322,5003/5$810,0005.2%$770,000-2.4%$830,0002/5$519,000-1.1%$525,000-3.8%$539,3881/5$270,074-17.4%$327,000-19.7%$336,340

Submarkets (Median Sales Price)

North of Highway (rt 27)$600,000-15.8%$712,500-13.4%$692,500South of Highway (rt 27)$1,840,000104.4%$900,00067.3%$1,100,000East of Shinnecock Canal$982,500-1.7%$999,750-0.5%$987,000West of Shinnecock Canal$550,00012.2%$490,0005.3%$522,500

The North Fork MARKETMatrixCurrent Qtr%ChgPrior Qtr%ChgPrior Yr Qtr

Average Sales Price$685,4679.3%$627,204-9.3%$755,881Median Sales Price$477,5006.1%$450,000-17.0%$575,000Number of Sales12057.9%7622.4%98Days on Market (From Last List Date)1550.0%155-8.3%169Listing Discount (From Last List Price)11.8%15.5%9.4%Listing Inventory6849.6%62459.1%430

Quintiles (Median Sales Price By NOS)