The Hamptons Market Update | Q2 2018

Q2 | 2018

The Hamptons

Market Update

SAG HARBOR

RedwoodIslandWaterfront.com Offered at $5,989,000

WATER MILL

Offered at $30,000,000 35MorrisonLane.com

a message from

The Hamptons Brokerage Managers In the second quarter of 2018, the average sales price of real Estate in the Hamptons increased 6% year over year according to data compiled in the Long Island Real Estate Report, while the median sales price increased by 11%. In the overall Hamptons market, total units sold decreased 21% from 494 units sold in second quarter of 2017 to 391 sales in the second quarter of 2018. As a result, total dollar volume also decreased by 16%, falling to $932 million from $1.108 billion.

No matter the state of the market, Sotheby’s International Realty brokerages in the Hamptons are uniquely well positioned to service the needs of discriminating buyers, sellers and renters. While Sotheby’s International Realty has offices around the world in 72 countries and territories, in the Hamptons we operate four local offices located in Southampton, Bridgehampton, East Hampton and Sag Harbor. These Sotheby’s International Realty brokerages have approximately 110 affiliated agents who are seasoned experts in local real estate laws, zoning, building and rental codes. Our mission is simple: to pair exceptional properties with exceptional clients while offering superior, white glove service. We would be pleased to assist you in either buying or selling your dream home or planning a vacation to remember in the Hamptons.

BRIDGEHAMPTON & SOUTHAMPTON BROKERAGES

Ed Reale (Licensed as Patrick E. Reale), Brokerage Manager 2446 Main Street | Bridgehampton, NY 11932 | 631.537.6000 50 Nugent Street | Southampton, NY 11968 | 631.283.0600 SAG HARBOR & EAST HAMPTON BROKERAGES

Nanette Hansen, Brokerage Manager 35 Main Street | Sag Harbor, NY 11963 | 631.725.6000 6 Main Street | East Hampton, NY 11937 | 631.324.6000 sothebyshomes.com/hamptons All data in this report is derived from the Long Island Real Estate Reports. Since all final closed data for the current quarter had not been reported at the time this report was compiled, the available closed data was extrapolated in an attempt to approximate full results for the current quarter. Actual results may materially vary from the approximated results. The areas reported on in this report include Amagansett, Bridgehampton, East Hampton, Montauk, Sag Harbor, Sagaponack, Shelter Island, Southampton, Wainscott, and Water Mill. Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc. Equal housing opportunity.

Featured Properties We invite you to explore our exclusive offerings at S OT H E BYS H O M E S.C O M / HAM PTON S SOUTHAMPTON

Offered at $32,500,000 412FirstNeckLane.com

SOUTHAMPTON

Offered at $12,750,000 SunsetsOnSeaweedRoad.com BRIDGEHAMPTON

Offered at $6,595,000 35JackandJill.com AMAGANSETT

Offered at $5,995,000 208Main.com SAG HARBOR

Offered at $1,585,000 59Hempstead.com *in order from left to right, top to bottom

sothebyshomes.com/hamptons

Featured Properties

/ The Hamptons Q2 Market Update

Market Snapshot All Hamptons

(east of the Shinnecock Canal)

Bridgehampton

$3.0

600

$2.5

500

$2.0

400

$1.5

300

$1.0

200

$0.5

100

Southampton

East Hampton

Sag Harbor $0.0

0

2014

2015

2016

2017

*Price in Millions

Total Units Sold 22 179 63 127

Average Selling Price vs. Total Units Sold

Bridgehampton

Average Selling Price

East Hampton

Total Units Sold

Sag Harbor Southampton

2018

Q2 Highlights All Hamptons

(east of the Shinnecock Canal)

Bridgehampton

$5.0 $4.5 $4.0 $3.5

Southampton $3.0 $2.5 $2.0

East Hampton

$1.5 $1.0

Sag Harbor

$0.5

Average Selling Price 4.5 $ 2.2 $ 1.9 $ 2.6 $

Bridgehampton East Hampton Sag Harbor Southampton *Price in Millions

Southampton

Sag Harbor

East Hampton

Bridgehampton

$-

*Price in Millions

Total Dollar Volume 11 % 42 % 13 % 35 %

Bridgehampton East Hampton Sag Harbor Southampton

Q1 Highlights

/ The Hamptons Q1 Market Update

Units Sold Comparison All Hamptons | Five Years (east of the Shinnecock Canal)

600

500

400

300

200

100

-

2014

2015

2016

2017

2018 Under $1M $1 - 3M $3 - 6M $6 - 10M $10M and Above

Total Units Sold

By Price Point Below $1M

$1M $3M

$3M $6M

$6M $10M

$10M & Above

Total

Change

-22%

-28%

12%

-25%

-31%

-21%

Change

-30%

-22%

40%

50%

22%

-17%

2018

152

146

67

15

11

391

2017

196

202

60

20

16

494

2016

218

173

49

14

8

462

2015

208

194

54

21

14

491

2014

218

188

48

10

9

473

Q2 {2018 v 2017} {2018 v 2014}

*Price in Millions

Sales & Price Comparison by Town All Hamptons | Five Years (east of the Shinnecock Canal)

$5.0 $4.5 $4.0 $3.5 $3.0 $2.5 $2.0 $1.5 $1.0 $0.5 $0.0

2014

2015

2016

2017

Average Selling Price

2018

Bridgehampton East Hampton Sag Harbor Southampton

Median Selling Price

*Price in Millions $3.5 $3.0 $2.5 $2.0 $1.5 $1.0 $0.5 $0.0

2014

2015

2016

Five Year Comparison

2017

2018

/ The Hamptons Q2 Market Update

at a glance {Q2 | 2018}

bridgehampton

+21

%

Change in Average Selling Price {2018 v 2017}

-52

%

Change in Units Sold {2018 v 2017}

22 Units Sold

4.5m

$

Average Selling Price

|

Average Selling Price Total Units Sold $5,000,000

50

$4,500,000

45

$4,000,000

40

$3,500,000

35

$3,000,000

30

$2,500,000

25

$2,000,000

20

$1,500,000

15

$1,000,000

10

$500,000

5

$-

-

2014

2015

2016

Average Selling Price

2017

2018

Total Units Sold

About

Bridgehampton ALSO ENCOMPASSING SAGAPONACK

Bridgehampton’s cultural sophistication offers world-class riding events, some of the finest beaches, popular wineries, boutique shops, a historic charming village, fine dining and galleries among world-class, coveted properties.

Average Selling Price

Median Selling Price

Total Units Sold

21%

10%

-52%

2018

$4,539,060

$2,655,000

22

2017

$3,739,411

$2,407,500

46

2016

$3,901,827

$1,982,500

38

2015

$4,276,370

$3,325,000

32

2014

$2,953,861

$2,125,000

43

Q2 {2018 v 2017}

Change

Bridgehampton

/ The Hamptons Q2 Market Update

|

Average Selling Price Total Units Sold $2,500,000

250

$2,000,000

200

$1,500,000

150

$1,000,000

100 50

$500,000

-

$-

2014

2015

2016

Average Selling Price

2017

2018

Total Units Sold

About

East Hampton ALSO ENCOMPASSING AMAGANSETT, MONTAUK, AND WAINSCOTT

Distinguished by miles of sandy beaches, East Hampton retains its historic charm and offers a vibrant cultural scene as well as some of the most exclusive, extraordinary properties on the East End.

Average Selling Price

Median Selling Price

Total Units Sold

35%

8%

-21%

2018

$2,179,921

$1,162,500

179

2017

$1,616,679

$1,080,000

226

2016

$1,571,538

$965,000

219

2015

$1,783,551

$980,000

231

2014

$2,005,085

$962,500

227

Q2 {2018 v 2017}

Change

The Hamptons Q2 Market Update / East Hampton

at a glance {Q2 | 2018}

east hampton

+35

%

Change in Average Selling Price {2018 v 2017}

-21

%

Change in Units Sold {2018 v 2017}

179 Units Sold

2.2m

$

Average Selling Price

at a glance {Q2 | 2018}

sag harbor

+3

%

Change in Average Selling Price {2018 v 2017}

-2

%

Change in Units Sold {2018 v 2017}

63 $1.9m Units Sold

Average Selling Price

|

Average Selling Price Total Units Sold $2,000,000

90

$1,800,000

80

$1,600,000

70

$1,400,000

60

$1,200,000

50

$1,000,000

40

$800,000

30

$600,000 $400,000

20

$200,000

10

$-

-

2014

2015

2016

Average Selling Price

2017

2018

Total Units Sold

About

Sag Harbor ALSO ENCOMPASSING NORTH HAVEN AND NOYAC

A former whaling port, and long favored by famed writers and artists, picturesque Sag Harbor is the home base to some of the finest yachts in the world, residences with spectacular waterviews, and an energetic community.

Average Selling Price

Median Selling Price

Total Units Sold

3%

-18%

-2%

2018

$1,873,957

$1,045,000

63

2017

$1,812,203

$1,275,000

64

2016

$1,586,425

$1,074,175

80

2015

$1,672,932

$1,460,480

74

2014

$1,530,637

$966,250

68

Q2 {2018 v 2017}

Change

Sag Harbor

/The Hamptons Q2 Market Update

|

Average Selling Price Total Units Sold 180

$3,500,000

160

$3,000,000

140

$2,500,000

120

$2,000,000

100

$1,500,000

80 60

$1,000,000

40

$500,000

20

$-

-

2014

2015

2016

Average Selling Price

2017

2018

Total Units Sold

About

Southampton (EAST OF THE SHINNECOCK CANAL) INCLUDING NORTH SEA AND WATER MILL

Southampton’s prestigious oceanfront town offers unparalleled beaches and elegance. Prominent hedged estates and homes with sweeping ocean views command the classic and traditional community sought after by many.

Average Selling Price

Median Selling Price

Total Units Sold

-11%

27%

-20%

2018

$2,551,622

$1,787,500

127

2017

$2,879,198

$1,410,000

158

2016

$2,148,796

$1,250,000

125

2015

$2,440,146

$1,400,000

154

2014

$1,852,865

$1,275,000

135

Q2 {2018 v 2017}

Change

The Hamptons Q2 Market Update

/ Southampton

at a glance {Q2 | 2018}

southampton

(east of the Shinnecock Canal)

-11

%

Change in Average Selling Price {2018 v 2017}

-20

%

Change in Units Sold {2018 v 2017}

127 $2.6m Units Sold

Average Selling Price

Significant Sales We celebrate the notable success of our associates and clients

EAST HAMPTON

Further Lane Oceanfront Estate Last Asking Price $49,000,000

WATER MILL

Spectacular Mecox Bayfront with Dock Last Asking Price $20,500,000 EAST HAMPTON

Georgica Pond Waterfront Last Asking Price $16,500,000 SAG HARBOR

Village Rarity-New Construction Last Asking Price $5,700,000 SAG HARBOR

Charming & Pivate Just Minutes to Village Last Asking Price $1,699,000 *in order from left to right, top to bottom

sothebyshomes.com/hamptons Significant Sales

/ The Hamptons Q2 Market Update

Exceptional Diamonds. Curated by Sotheby’s.

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