Many Sellers, Few Buyers in the Hamptons
Just in case you had any doubt the real estate market in the Hamptons is in the dumps, there's new data today to support the claim. The average home sale price fell 23.3 percent in the third quarter compared to the same period last year, and the number of sales declined by 28.8 percent. Here's a way to boost the Hamptons real estate market in these troubled times: Why not offer up tours of the homes of disgraced Wall Streeters? We'd gladly hand over a ten-dollar bill for a guided tour of ex-Lehman COO Joe Gregory's $32 million Bridgehampton home. [Real Deal]