Top 10 priciest sales show Hamptons slump
Judi Desidiero, CEO and President of Town & Country, and an aerial view of 120 Meadow Lane, the priciest Hamptons sale in 2009
Pricey homes in the Hamptons “took a hiatus from the market this year,” according to Town & Country Real Estate’s 2009 list of the top 10 most expensive sales (see full report after jump). The top sale, a Southampton Village home at 120 Meadow Lane, which went for $25.99 million, would have ranked fifth on the 2008 list and would have just barely cracked the top 10 of the priciest 2007 sales, according to the Town & Country rankings, which takes its findings from all closings on the East End.
Judi Desidiero, CEO and President of Town & Country, said that the sales figures came as little surprise, particularly with the first half of the year showing an anemic level of activity on the East End.
“[The top 10 ranking] always reaffirms what you see in the pit,” Desidiero said. “It was an eye-opener. The high end was really taking a break.”
