Q2 2019 | The Hamptons Market Update

Q2 | 2019

The Hamptons

Market Update

WATER MILL SOUTH

Offered at $13,750,000 6CalfCreekCourt.com

SOUTHAMPTON

Offered at $29,500,000 365and385SouthMain Street.com

a message from

The Hamptons Brokerage Managers In the second quarter of 2019, the average sales price of Hamptons real estate east of the Shinnecock Canal increased year over year by 2%, from $2.40M in the second quarter of 2018 to $2.46M during the same period of 2019. However, according to data compiled by the Long Island Real Estate Report, the total number of sold properties fell by 18% year over year, from 456 properties sold in Q2 2018 to 376 properties in Q2 2019. As a result, the total sold volume fell by 15%.

The median sales price increased 8%, from $1.3M in 2018 to $1.4M in 2019, thanks to significant increases in the median sales price in both Southampton and Sag Harbor. Market share by price point saw a 5% swing in favor of properties above $3M which represented 27% of the market, up from 23% in 2018 during the same time period.

No matter the state of the market, Sotheby’s International Realty - Hamptons Brokerages are uniquely 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, here in the Hamptons we operate four local offices: in Southampton, Bridgehampton, East Hampton and Sag Harbor.

Sotheby’s International Realty has approximately 136 affiliated agents in the Hamptons who are “local experts worldwide.” Our brokers are well-versed in zoning, building and rental codes specific to each hamlet on the south fork. Our goal: to pair exceptional properties with exceptional clients while offering superior, white glove service. We would be pleased to partner with you to achieve your real estate goals, whether buying or selling your home or locking in a vacation to remember in the Hamptons.

BRIDGEHAMPTON & SOUTHAMPTON BROKERAGES

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

Nanette Hansen, Brokerage Manager 6 Main Street | East Hampton, NY 11937 | 631.324.6000 35 Main Street | Sag Harbor, NY 11963 | 631.725.6000 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 EAST HAMPTON

Offered at $8,495,000 98BullPath.com

EAST HAMPTON

Offered at $16,900,000 Apaquoguehouse.com WATER MILL

Offered at $10,995,000 90WildGooseLane.com SOUTHAMPTON

Offered at $4,500,000 107LeeAvenue.com EAST HAMPTON

Offered at $1,295,000 SothebysHomes.com/1051172 *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

Southampton

East Hampton Sag Harbor

$3.0

600

$2.5

500

$2.0

400

$1.5

300

$1.0

200

$0.5

100

0

$0.0

2015

2016

2017

2018

*Price in Millions

Total Units Sold 35 170 69 102

Average Selling Price vs. Total Units Sold

Bridgehampton

Average Selling Price

East Hampton

Total Units Sold

Sag Harbor Southampton

2019

Q2 Highlights All Hamptons

(east of the Shinnecock Canal)

Bridgehampton

$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 4.2 $ 2.0 $ 2.0 $ 2.9 $

Bridgehampton East Hampton Sag Harbor Southampton *Price in Millions

Southampton

Sag Harbor

East Hampton

Bridgehampton

$-

*Price in Millions

Total Dollar Volume 16 % 37 % 15 % 33 %

Bridgehampton East Hampton Sag Harbor Southampton

Q2 Highlights

/ The Hamptons Q2 Market Update

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

600

500

400

300

200

100

-

2015

2016

2017

2018

2019 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

-28%

-14%

-10%

10%

14%

-18%

Change

-35%

-29%

17%

10%

14%

-23%

2019

136

138

63

23

16

376

2018

190

161

70

21

14

456

2017

196

202

60

20

16

494

2016

218

173

49

14

8

462

2015

208

194

54

21

14

491

Q2 {2019 v 2018} {2019 v 2015}

*Price in Millions

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

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

2015

2016

2017

2018

Average Selling Price

2019

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

2015

2016

2017

Five Year Comparison

2018

2019

/ The Hamptons Q2 Market Update

at a glance {Q2 | 2019}

bridgehampton

-1

%

Change in Average Selling Price {2019 v 2018}

+25

%

Change in Units Sold {2019 v 2018}

35 Units Sold

4.2m

$

Average Selling Price

|

Average Selling Price Total Units Sold $4,400,000

50

$4,300,000

45

$4,200,000

40

$4,100,000

35

$4,000,000

30

$3,900,000

25

$3,800,000

20

$3,700,000

15

$3,600,000

10

$3,500,000

5

$3,400,000

-

2015

2016

2017

Average Selling Price

2018

2019

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

-1%

9%

25%

2019

$4,161,101

$2,900,000

35

2018

$4,210,313

$2,655,000

28

2017

$3,739,411

$2,407,500

46

2016

$3,901,827

$1,982,500

38

2015

$4,276,370

$3,325,000

32

Q2 {2019 v 2018}

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

$500,000

50

$-

-

2015

2016

2017

Average Selling Price

2018

2019

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

-13%

2%

-19%

2019

$2,018,863

$1,250,000

170

2018

$2,323,093

$1,222,775

209

2017

$1,616,679

$1,080,000

226

2016

$1,571,538

$965,000

219

2015

$1,783,551

$980,000

231

Q2 {2019 v 2018}

Change

The Hamptons Q2 Market Update / East Hampton

at a glance {Q2 | 2019}

east hampton

-13

%

Change in Average Selling Price {2019 v 2018}

-19

%

Change in Units Sold {2019 v 2018}

170 Units Sold

2

$ m Average Selling Price

at a glance {Q2 | 2019}

sag harbor

+18

%

Change in Average Selling Price {2019 v 2018}

-18

%

Change in Units Sold {2019 v 2018}

69 $2m Units Sold

Average Selling Price

|

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

90 80

$2,000,000

70 60

$1,500,000

50 40

$1,000,000

30 20

$500,000

10 $-

-

2015

2016

2017

Average Selling Price

2018

2019

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

18%

39%

-18%

2019

$1,955,877

$1,382,500

69

2018

$1,653,883

$995,000

84

2017

$1,812,203

$1,275,000

64

2016

$1,586,425

$1,074,175

80

2015

$1,672,932

$1,460,480

74

Q2 {2019 v 2018}

Change

Sag Harbor

/The Hamptons Q2 Market Update

|

Average Selling Price Total Units Sold $3,500,000

180 160

$3,000,000

140

$2,500,000

120

$2,000,000

100

$1,500,000

80 60

$1,000,000

40

$500,000

20 -

$-

2015

2016

2017

Average Selling Price

2018

2019

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

13%

24%

-24%

2019

$2,949,219

$1,950,000

102

2018

$2,606,464

$1,575,000

135

2017

$2,879,198

$1,410,000

158

2016

$2,148,796

$1,250,000

125

2015

$2,440,146

$1,400,000

154

Q2 {2019 v 2018}

Change

The Hamptons Q2 Market Update

/ Southampton

at a glance {Q2 | 2019}

southampton

(east of the Shinnecock Canal)

+13

%

Change in Average Selling Price {2019 v 2018}

-24

%

Change in Units Sold {2019 v 2018}

102 $2.9m Units Sold

Average Selling Price

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

SAGAPONACK

Waterfront on Prestigious Quimby Lane Last Asking Price $34,000,000

SOUTHAMPTON

Historic Wyndecote Last Asking Price $22,500,000 SAGAPONACK SOUTH

Prime Sagaponack South Lot Last Asking: $8,950,000 MONTAUK

Old West Lake Waterfront Last Asking Price $7,950,000 SAG HARBOR

Premier North Haven Estate Last Asking Price $5,250,000 *in order from left to right, top to bottom

sothebyshomes.com/hamptons Significant Sales

/ The Hamptons Q2 Market Update

NOW ACCEPTING BIDDERS AND CONSIGNORS

15-17 AUGUST

MONTEREY

CONSIGNMENTS INVITED THROUGH 3 JULY

29 AUGUST – 1 SEPTEMBER

AUBURN FALL

CONSIGNMENTS INVITED THROUGH 17 JULY FOR CATALOGUE INCLUSION

10-11 OCTOBER

HERSHEY

CONSIGNMENTS INVITED THROUGH 28 AUGUST

5 NOVEMBER

LONDON

CONSIGNMENTS INVITED THROUGH 18 SEPTEMBER

30 NOVEMBER

ABU DHABI

CONSIGNMENTS INVITED THROUGH EARLY OCTOBER

TO BE OFFERED AT MONTEREY

1964 Aston Martin DB5 Chassis no. DB5/1305/L

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