Overall, supply on the South Fork declined 1.8% from January to February 2021. The absorption rate and odds of selling also declined overall. Given contract activity continues at pace with all time highs, these declines indicate a continued decline in desirable listing inventory.
A 15,000-square-foot residence at 172 Cedar Street in East Hampton, plus an adjacent parcel is being offered at $12.5 million, or purchase a total of 10 single and separate parcels, spanning 21-plus acres, for $22.75 million.
If the conviction is upheld, Nicolas Sarkozy can request to serve the rest of his sentence under house confinement. While we are sure his home is, shall we say, c’est magnifique, we wonder how it compares to his half-brother’s home right here in the Hamptons.
Another newly-built home in Bridgehampton also recently went into contract, this one at 114 Rose Way. The 15,500-square-foot house, situated on 1.56 acres with ocean and pond views, was asking $19.5 million.