The Prosperity Report - Vol 2

Page 32

I N S I G H T I N T O T H E U LT R A - L U X U R Y R E A L E S T A T E M A R K E T

HAMPTONS MARKET REPORT

BESPOKE LUXURY MAGAZINE

151

TOTA L $ 1 0 M + S A L E S 2019 - 2020

58 SALES IN 2019

As a primary locale for vacation homes, the Hamptons market has seen unprecedented trade volume in 2020, and is continuing to thrive in 2021.

32

93 SALES IN 2020 ↑60.3%

Even before 2020, property sales volume in the Hamptons had been steadily on the rise, due to low interest rates and a generally improved economy. By the fourth quarter of 2019, that slow rise culminated in the highest quarterly trade volume in nearly a decade. An already

improved market, coupled with a rush of individuals looking for a permanent residence outside of New York City in 2020, resulted in a 60.3% sales quantity increase, and an 83.3% sales volume increase.