Licensed as Timothy G. Davis, Lic. Assoc. R.E. Broker At The Corcoran Group
The Real Deal- 8/1/2012
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Share on emailEmail Share on twitterTwitter Share on facebookFacebook .It?s been a rocky couple of years for the real estate market on Long Island?s East End. But now that the worst of the downturn has passed, the region?s major residential firms are seeing a slight increase in size compared to the last two years.
This year, the 10 biggest brokerages in the Hamptons, Shelter Island and the North Fork collectively had a total of 1,230 agents ? up 7 percent from 1,149 in 2011, according to The Real Deal?s annual ranking of the biggest East End firms. While that is not a huge jump, it is the second year that the agent headcount has gone up. In 2010, the 10 biggest firms had a total of 1,140 agents.
?There are enough brokers out here to choke a horse,? said Paul Brennan, Prudential Douglas Elliman?s Hamptons regional manager, laughing.
The Corcoran Group was the largest firm on TRD?s list this year, taking the No. 1 position from Elliman for the first time since 2009, although the firms are currently about the same size, with 327 and 326 agents, respectively. Both have grown slightly since last year, according to TRD?s count.