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MARKET UPDATE | Q4 2013 The Hamptons featured solds

MARKET REPORT: Culminating the year with significant overall activity, the Hamptons real estate market posted a 19 percent gain in total units sold during the fourth quarter of 2013 versus the same period in 2012, according to the Long Island Real Estate Reports. Strength was concentrated in the Sag Harbor, Southampton and East Hampton markets. Overall dollar volume was stable, up a slight one percent, driven primarily by South Hampton and Sag Harbor sales. Both total unit and dollar volume sales were concentrated in price points up to $2,999,999 and between $6,000,000 and $9,999,999. Median selling price levels varied by town, with Bridgehampton posting a significant 29 percent increase.

SOUTHAMPTON | LISTING AGENTS: JOHN F. MCHUGH & PATRICIA J. PETRILLO | Last Asking: $95,000,000

BRIDGEHAMPTON Brokerage

Debra Reece, VP, Brokerage Manager t: 631.537.6000 2446 Main Street Bridgehampton, NY 11932

EAST HAMPTON | LISTING AGENTS: EDWARD R. PETRIE & JULIE K. WOLFE | LAST ASKING: $9,750,000

EAST HAMPTON Brokerage

John Gicking, VP, Brokerage Manager t: 631.324.6000 6 Main Street East Hampton, NY 11937 SAG HARBOR Brokerage

Alice Bell, SVP, Brokerage Manager t: 631.725.6000 7 Spring Street Sag Harbor, NY 11963 SOUTHAMPTON Brokerage

Alice Bell, SVP, Brokerage Manager t: 631.283.0600 50 Nugent Street Southampton, NY 11968

WAINSCOTT | LISTING AGENT: BEATE V. MOORE | LAST ASKING $7,995,000

THE HAMPTONS BRIDGEHAMPTON | consisting of Bridgehampton, Sagaponack AVerage Sale Price | Total SFH Sold | Q3

Centrally located, Bridgehampton enjoys open farm vistas, picturesque wineries, and a bustling historic village with an array of shops, restaurants, and galleries. Minutes away are miles of ocean beaches and bays with world class yachting. Home to the finest equestrian event, the Hampton Classic, as well as numerous art and music festivals, Bridgehampton offers a sophisticated cultural life. For the sporting enthusiast there are miles of scenic roads for biking, riding stables, and golf and tennis clubs including the famed Atlantic Golf Club. 2009

2010

2011

2012

2013

% CHANGE

Median Selling Price

$3,385,000

$3,300,000

$3,400,000

$2,892,500

$3,725,000

29%

Average Selling Price

$4,509,543

$4,056,148

$5,128,157

$3,925,130

$4,636,708

18%

23

23

25

38

27

-29%

single family homes | Q4

Total Units Sold

(2013 v 2012)

EAST HAMPTON | consisting of Amagansett, East Hampton, Montauk, Wainscott AVerage Sale Price | Total SFH Sold | Q3

Voted one of the most beautiful villages in the world, East Hampton retains its historic charm while offering the top names of fashion and the culinary world in its shops and restaurants. A vibrant cultural life extends year round with Guild Hall, the Hamptons International Film Festival, art gallery exhibits and elegant fundraisers. Beautiful biking and strolling lanes shaded by majestic elm trees lead down to miles of ocean beaches and the famed Maidstone Club.  Three Mile Harbor and Gardiners Bay offer prime waters for sailing or powerboating. single family homes | Q4

2009

2010

2011

2012

2013

% CHANGE (2013 v 2012)

Median Selling Price

$1,085,000

$980,000

$750,000

$1,082,500

$940,000

-13%

Average Selling Price

$1,642,110

$1,748,261

$1,691,492

$2,357,398

$1,507,952

-36%

94

72

97

118

138

17%

Total Units Sold

Scenic Photography provided by Jake Rajs

bridgehampton | east hampton | sag harbor | southampton

2

THE HAMPTONS SAG HARBOR | consisting of Sag Harbor, North Haven, Noyack AVerage Sale Price | Total SFH Sold | Q3

The historic whaling village of Sag Harbor exudes Victorian charm with a picturesque Main Street leading down to a busy wharf with some of the finest   motor yachts in the world. Homes enjoy spectacular bay views dotted with sail boats. With a true port feel, Sag Harbor offers diverse dining options and unique boutiques with international wares. Famous artists and writers have been drawn to the rich cultural life and history of Sag Harbor, and the streets are filled with book stores and art galleries, a cinema and Bay Street Theatre. single family homes | Q4

2009

2010

Median Selling Price

$850,000

Average Selling Price

$1,306,903 31

Total Units Sold

2013

% CHANGE

$1,160,000

$925,000

-20%

$1,586,990

$1,233,320

-22%

39

55

41%

2011

2012

$1,500,000

$807,500

$1,299,165

$1,172,653

17

36

(2013 v 2012)

SOUTHAMPTON | consisting of North Sea, Southampton, Water Mill AVerage Sale Price | Total SFH Sold | Q3

Southampton combines its pedigreed past with its contemporary international culture. Famed hedged estates lead down to miles of ocean beaches and bay waters perfect for swimming, sailing or just relaxing. The historic village includes an array of fine dining, shopping and art galleries. Southampton enjoys a vibrant social calendar, including outdoor concerts and elegant fundraisers for charity and cultural institutions such as its highly regarded Parrish Art Museum. Home to famed Shinnecock and Sebonack Golf Clubs and National Golf Links it is a draw for world-class golfing. single family homes | Q4

2009

2010

2011

2012

2013

% CHANGE (2013 v 2012)

Median Selling Price

$1,450,000

$980,000

$1,037,500

$1,595,000

$1,375,000

-14%

Average Selling Price

$2,051,650

$1,916,657

$1,868,822

$2,649,130

$3,019,726

14%

87

46

62

64

87

36%

Total Units Sold

Data Source: Long Island Real Estate Reports. Data was pulled on January 17, 2014

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sothebyshomes.com/hamptons

ALL HAMPTONS | 5 Years | Q4 Comparison SALES by TOTAL DOLLAR VOLUME 2009

2010

2011

2012

2013

% CHANGE

% CHANGE

Up to $999,000

71,409,824

46,808,072

68,422,449

65,810,780

102,721,330

56%

44%

$1M - $2.99M

146,339,921

96,279,127

109,872,740

158,197,791

156,397,206

-1%

7%

$3M - $5.99M

134,545,673

63,235,000

71,910,900

168,835,551

132,027,500

-22%

-2%

$6M - $9.99M

73,965,001

50,640,000

89,985,000

118,733,200

128,315,000

8%

73%

$10M and up

50,825,000

72,456,000

110,170,000

147,187,500

144,376,110

-2%

184%

477,087,428

329,420,209

450,363,100

658,766,834

663,839,159

1%

39%

PRICE RANGE

TOTAL 2012

(2013 v 2012)

(2013 v 2009)

2013

AVERAGE SELLING PRICE

bridgehampton | east hampton | sag harbor | southampton

4

ALL HAMPTONS | 5 Years | Q4 Comparison TOTAL UNITS SOLD 2009

2010

2011

2012

2013

% CHANGE

% CHANGE

Up to $999,000

104

74

116

108

152

41%

46%

$1M - $2.99M

85

56

68

84

95

13%

12%

$3M - $5.99M

32

16

17

41

33

-20%

3%

$6M - $9.99M

10

7

12

16

18

13%

80%

$10M and up

4

5

7

10

9

-10%

125%

235

158

220

259

307

19%

31%

PRICE RANGE

TOTAL 2012

(2013 v 2012)

(2013 v 2009)

2013

MEDIAN SELLING PRICES

Throughout this Update, the Hamptons residential real estate market is defined as the 12 market areas noted on pages 2 and 3.

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sothebyshomes.com/hamptons

ON THE MARKET FEATURED PROPERTIES

LISTINGS AROUND THE WORLD IN THIS PRICE RANGE

EAST HAMPTON, NY

in metropolitan markets

IN THE HEART OF THE VILLAGE 4 br / 4 ba / 2000+/- sq. ft. WEB: 0046084  $6,495,000

Houston, Sugar Land

NEW YORK

Los Angeles

5 br / 5 ba / 2 hf ba $4,950,000

3 br / 2 ba / 1 hf ba $5,350,000

6 br / 9 ba $5,800,000

WATER MILL, NY

in resort markets

TRADITIONAL WITH POOL 4 br / 3.5 ba / 3700+/- sq. ft. WEB: 0056281 $5,495,000

SANTA FE

PALM BEACH

Ventura

5 br / 5 ba / 2 hf ba $4,800,000

3 br / 4 ba / 1 hf ba $4,700,000

5 br / 4 ba $5,195,000

SAGAPONACK SOUTH, NY

in foreign markets

QUINTESSENTIAL 6 br / 5.5 ba / heated pool WEB: 0036867 $5,300,000

South Africa

Puerto Rico

Australia

6 br / 6 ba $5,186,242

5 br / 5 ba / 2 hf ba $4,400,000

5 br / 4 ba / 1 hf ba Price Upon Request

AT AUCTION

Songye “Four Horn” Community Power Figure The Collection of Allan Stone 15 November, 2013 Estimate: $600,000-$900,000

The Pink Star Rare English & European Magnificent Jewels 13 November, 2013 Sold: $84,730,214.30


Hamptons Market Update Q4 2013