HAMPTONS REAL ESTATE MARKET REPORT
1 Qtr. 2025 st
HAMPTONS REAL ESTATE MARKET REPORT
1 Qtr. 2025 st
Well,the summer season is upon us and withthat, I thought it might be a goodtimeto give an assessment ofthe current Hamptons Real Estate Market atmosphere.The 1stQtr. 2025 sales numbers have seen a significant uptickvs. 1stQtr. 2024.Of note, sales transactions were up 25% anddollarvolume was up 28% in 1stQtr. 2025vs. 1stQtr. 2024. Additionally,the median priceof a home inthe Hamptons continues its steady climb and is now above $2Mforthefirsttime ever. It wasonly in 2019 when the median priceof a home inthe Hamptons was just over $1M.Thisobviously suggeststhe continued ascent of Hamptons Real Estate prices, but also suggeststhat as more modestly priced homes comeonthe market, they are replaced by bigger, newer homes.The modest “HamptonsCottage” is becomingthingofthe past.
HAMPTONS REAL ESTATE MARKET REPORT
1 Qtr. 2025 st
Certainly, the past few months of overall economic volatility has led many to ask how that will effect Hamptons Real Estate prices. Some real estate developers have expressed uncertainty over what construction costs would be, but the reality is tangible assets, such has Hamptons Real Estate, have always fared well during volatile economic times. Simply put, “they ain’t making any more of it”. In turn, banking raw land may be something to consider (see link to vacant land opportunities)
For a more in-depth summary of the Hamptons Real Estate Market, please see the link in bio to the 1st Qtr. Saunders & Associates Market Report.
For any of your Hamptons Real Estate needs please give me a call. Please see link to all of my listings.