HAMPTONS OCEANFRONT 2020 & 2021 $10M+ MARKET REPORT

2020 AND 2021 $10M

Industries change. Markets evolve. Great companies innovate.

Luxury real estate should be no exception.

Yet, the traditional brokerage model has not evolved in decades—and as a client, you’ve noticed.

Recognizing the need for change, Bespoke Real Estate launched in 2014 as the first and only firm to solely represent homes above $10 million with a revolutionary direct-to-client model.

Since our inception, we have facilitated over $9 billion in $10M+ sales. We have been unwavering in our mission to deliver the most tailored, uncompromising, result and relationship-driven experience for you, our clients.

Contact us to learn more about The Bespoke Method, our unique client-first advantages, and to list with the $10M+ experts.

The allure of a luxury price point is just the beginning; discover the competitive advantages of Bespoke and the unprecedented value afforded to you.

TAILORED FOR $10M +

As the first and only firm to focus solely on selling homes above $10 million, Bespoke delivers unmatched expertise.

REVOLUTIONARY DIRECT-TO-CLIENT MODEL

With no independent agents and no franchises, Bespoke delivers the capabilities of our entire company directly to our clients—without the dilution of resources found within traditional brokerages.

POWERED BY BESPOKE

LUXURY MARKETING

Bespoke’s sister company, known for representing the worldʼs most prestigious brands, builds compelling campaigns for our clientsʼ properties.

WEALTH INTELLIGENCE

Bespoke’s Data Division uses the most exclusive wealth intelligence in the industry. With the removal of independent agents and internal competition, Bespoke controls, collects, and utilizes all incoming data and information to market and sell our clientsʼ properties.

THE BESPOKE METHOD

The Bespoke Method delivers the industryʼs most pinpoint-accurate UHNW-targeted marketing, driving powerful results for you.

IMMERSIVE INSIGHT

As the sole curator of national $10M+ market reports, we ensure that the Bespoke client is the most informed.

PERPETUALLY EXPANDING NETWORK

Bespoke’s curated roster of the worldʼs most influential UHNWIs acts as an ever-expanding advisory for our brand and the most qualified network for our clientsʼ offerings.

RESULTS

Bespoke has facilitated over $9B in $10M+ transactions for our clients and amassed a $2B+ portfolio of the worldʼs finest offerings, with an average sales price of $27M+ Weʼre on a mission to make the industry better for you. For decades there were no other options— Now you have Bespoke.

BESPOKE VALUES INNOVATION, INTEGRITY, INSIGHT, AND IMPECCABLE DELIVERY.

Bespoke’s mission is to perpetually elevate industry standards by purposefully breaking rules and innovating new ways to bring value to our clients.

HAMPTONS OCEANFRONT

At Bespoke, we’ve excelled in gathering nuanced, rich insight into the ever-changing Hamptons $10 million+ market, having represented and sold the most iconic Hamptons properties for several years.

This year, we’ve seen a shift in a micro-market: oceanfront properties. With quality inventory becoming scarcer than ever, there are fewer active $10 million+ oceanfront listings available to match transaction quantity of 2021. The excitement around our new, exclusive oceanfront listings like 232 Dune Road, Mylestone at Meadow Lane, and 271 & 266 Marine Boulevard have demonstrated this demand to us the most, as these offerings cover the spectrum from new and modern to iconic and prestigious.

In this report, we invite you to explore our unparalleled oceanfront market insights. As always, we look forward to discussing them with you further. Enjoy..

Southampton remains the largest source of oceanfront trade volume in both 2020 and 2021, despite a lower quantity sold in 2021, suggesting a larger average trade price.

The data shown below includes the 8 locations surveyed within the Hamptons $10M+ Oceanfront real estate market for 2020 and 2021.

$2B+

Bespoke facilitated 30% more oceanfront transactions in 2021 compared to 2020.

TOTAL HAMPTONS OCEANFRONT SALES BY PRICE POINT

The data shown illustrates the total sales quantity and volume within the ultra-luxury real estate market surveyed within the Hamptons for 2020 and 2021 year to date.

As we compiled our 2021 YoY Market Report this year, we discovered something remarkable. As the most significant facilitator of $10 million+ property sales in the Hamptons, oceanfront properties are always inevitably top of mind. However, after reviewing the data this past year, we felt the nuance in the oceanfront trades warranted their own report, constituting the most coveted—and expensive—trades of all vintages.

The Hamptons, in general, had a recordbreaking year in 2021, and Bespoke played a prominent role in its development.

Notably, we facilitated the sale of Jule Pond, a sprawling 42-acre oceanfront property with the last asking price of $145 million, having broken a Hampton’s historical record for the most expensive property sold. We also facilitated the transaction of 115 Beach Lane in Wainscott, for $52 million, and 90 Dune Road in Quogue, for nearly $14 million, the latter of which is a notable West of the Canal trade. As buyer interest is increasing after these historical, exceptional transactions, we are excited to offer listings like 232 Dune Road and Mylestone at Meadow Lane.

53% of all Hamptons oceanfront trades in volume were facilitated by Bespoke in 2021.

“There were more oceanfront trades in 2021 than there are listings currently available on the market.”

Cody Vichinsky | President, Bespoke Companies

“West of the Canal has risen to meet the demand, with sales like 90 Dune Road, as well as the immense interest we’re seeing in 232 Dune Road.”

Sam Kelly | Senior Portfolio Manager at Bespoke

That said, we noticed a specific nuance in the migratory patterns of the market. Oceanfront trades are typically concentrated within Southampton and East Hampton, the largest towns by size and number of existing $10 million+ properties. However, in 2021, buyers began to move outwards, buying properties further east in Montauk and Amagansett and westwards, West of the Canal, exemplified by notable trades like 90 Dune Road.

“With demand surpassing quality inventory, eager buyers are looking outside the Alpha market to find suitable properties that align with their investment vision,” explains Sam Kelly, Senior Portfolio Manager at Bespoke.

“West of the Canal has risen to meet this demand, with sales like 90 Dune Road, as well as the immense interest we’re seeing in 232 Dune Road.”

Eastern towns are becoming increasingly popular as well. Amagansett and Montauk had one oceanfront trade in 2020, making up 2.3% of oceanfront trade quantity, to 7 oceanfront transactions in 2021, making up 25.9% of the trade quantity. Thomas Gallanti, Head of Technological Operations at Bespoke observed, “The data shows that Montauk and Amagansett, as well as

West of the Canal, are becoming more attractive towns to buy in.”

“There’s a rare opportunity on the market in Amagansett, with interest growing by the day as the towns become more popular,” says John Hollier, Lead Listing Manager at Bespoke. “I’m excited to see the interest evolve in both these towns overall heading into 2022.”

271 & 266 Marine Blvd., Amagansett, NY

Oceanfront Compound

1.79 Acres+/- | 8,756 SF+/Bespoke Exclusive. LP – $34,995,000

HAMPTONS OCEANFRONT 2020+2021 ACCOLADES

53% OF ALL HAMPTONS OCEANFRONT TRADES IN VOLUME WERE FACILITATED BY BESPOKE DURING 2021

$2B+

IN BESPOKE TRANSACTIONS MADE WITHIN THE HAMPTONS $10M + OCEANFRONT INDUSTRY SINCE 2014

$42M AVERAGE SALE PRICE FOR BESPOKE’S OCEANFRONT TRADES

50% OF ALL OCEANFRONT TRADES IN 2022 HAVE BEEN FACILITATED BY BESPOKE

LIST WITH THE $10M+ EXPERTS

Experience the change that Bespoke represents, placing more specialized resources, more value, and more compelling results in the hands of our clients.

Over $8B in $10M+ Transactions.

Our client-centric brand breaks the rules and redefines industry standards; we believed you deserved better, so we built a data-driven platform that delivers unprecedented access to the most sophisticated resources and precisely pairs the world’s finest offerings with their most qualified buyers.

Contact us to learn more.

BESPOKEREALESTATE.COM

PROMISE

Purposefully work to over-deliver

Data-Driven. Tailored for $10M+ BESPOKEREALSTATE.COM