A fundamental shift in home buyers’ priorities guided the Hamptons real estate market in the extraordinary year of 2020.
Agents pivoted to a new way of conducting business in the second and third quarters of this year.
Sales activity in the third quarter of 2020 in our market saw a dramatic increase year over year in all price points.
2020 will be remembered as a year like no other in recent memory. As we continue to navigate these unprecedented times.
The big winner in the final quarter of 2019 was the number of properties sold above $10M.
Despite reductionist views of a slumping real estate market pushed by media outlets, the Hamptons is open for business.
Overall, total units sold decreased 18%, from 330 units in first quarter of 2018 to 270 units in the first quarter of 2019.
Narrow LaneFarm closed for $11,995,000 (A), setting a record for Sagaponack’s most expensive sale north of the highway.
In the overall Hamptons market, total units sold decreased 21% from 494 units sold in the second quarter of 2017 to 391 sales in the second quarter...
We’re excited to list six new properties this spring, starting with Narrow Lane Farm in Sagaponack for $12.5M.
Despite the decrease in the total number of sales, the total sales volume remained equal compared to fourth quarter of 2016.
Despite the increase in units sold year over year, total dollar sales volume declined by 5%, driven by a 14% decrease in average sales price.
In the overall Hamptons market, total units sold declined 10% from 459 units sold in second quarter of 2016 to 413 sales in the second quarter.
The largest sale of the quarter was 56 Gin Lane, a 4.3 acre oceanfront property in Southampton, which sold for $60,000,000.
Overall, the $1-3M price range accounted for 37% of the dollar volume ($282,991,592). With an average price of $1,402,350.
I am pleased to introduce three agents who are now working closely with me to ensure that my clients receive the highest level of service.
I started 2016 with two closings in the first month and now have several deals in the works so the market remains active and promising!
During the second quarter of 2013, Hamptons real estate experienced an active spring market.
The average sales price of Hamptons real estate dipped 4% year over year according to data compiled in the Long Island Real Estate Report.
The total dollar volume sold in the Hamptons real estate market (east of the Shinnecock Canal) in Q3 dropped 8% from the same period last year
Despite general uncertainty in the national real estate marketplace spurred by a variety of factors from financial markets to tax law.
The average sales price of Hamptons real estate east of the Shinnecock Canal increased year over year by 2%, from $2.40M.
Real estate remains a safe haven for investors of all kinds and builders are working feverishly to keep pace.
I’m busy with some great new listings and the rental and sale markets are heating up so 2014 is off to a great start!
2014 went out with a bang-- Q4’s 340 sales* (from Southampton eastward) were the most in a quarter since 2005, a decade ago.
“Tumbleweed Tuesday” is upon us but while the summer bustle is waning, the Hamptons market remains active.
Historic Wooldon Manor on Gin Lane, which Vince Camuto sold for a record $75M in 2013, traded for $50M with two parcels.
No surprises here- the uncharacteristically long and bitter Hamptons winter meant a slower than usual Q1 in the Hamptons Real estate market.
I just listed a charming pied-a-terre in the village for $1.795M and a 5-bedroom traditional in Bridgehampton Village for $3. 75M.
Dana's portfolio includes high-end residential sales and rentals as well as investment and land opportunities. She has successfully negotiated hundreds of property contracts and continues to work vigorously for buyers and sellers alike.Let's Connect