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Survey: Second home sales up

Hamptons real estate is enjoying a sunny sales period, along with other second home and vacation home markets, according to a new survey by the National Association of Realtors.

The survery says vacation-home sales have increased 7.9 percent.

Connie Porto of Village Real Estate says she's seeing an uptick in sales in the Hamptons.

“I have several second home listings that are showing and selling,” says Porto. “I have a couple of multimillion-dollar homes that are selling, and one that’s in a bidding war."

Vacation-home sales rose to 553,000 in 2009 from 513,000 in 2008, according to the NAR survey of 1,930 randomly-selected households who bought residential real estate in 2009. The market share for vacation homes rose to 10 percent, from 9 percent in 2008.

Porto points to a report by Prudential Douglas Elliman Real Estate and appraisal firm Miller Samuel Inc. about Hamptons real estate sales as further evidence of increasing strength in the local vacation-homes market.

The number of Hamptons sales in the fourth quarter of 2009 swelled 59 percent compared to the same quarter in 2008, and the median sale price increased 4.9 percent to $917,900 for the same periods, according to the report.

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