The Hamptons Market Report | Q4 2017

Q4 | 2017

The Hamptons

Market Update

SAG HARBOR

LaurelLanePondfront.com Offered at $4,650,000

SAGAPONACK

Offered at $15,995,000 TheBarnsAtSagaponack.com

a message from

The Hamptons Brokerage Managers In the fourth quarter of 2017, the number of units sold in The Hamptons (East of the Shinnecock Canal) decreased 10% from the fourth quarter of 2016 according to data compiled in the Long Island Real Estate Report. For that same area, units sold fell to 349 units in the fourth quarter of 2017 from 388 units in the fourth quarter of 2016. Significant highlights included a 27% gain the total sales volume in Bridgehampton to $91 million sold from $71.8 million in the fourth quarter of 2016 as well as a 19% gain in East Hampton compared to the prior year. Despite the decrease in the total number of sales, the total sales volume remained equal compared to fourth quarter of 2016. The consistent volume year over year was due to the average sales price in the fourth quarter of 2017 increasing by 10%, while the median sale price also increased to $1.2 million, a 4% increase compared to the year prior.

No matter the state of the market, Sotheby’s International Realty - Hamptons Brokerages 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 69 countries and territories, here in The Hamptons operates four local offices located in Southampton, Bridgehampton, East Hampton and Sag Harbor. Sotheby’s International Realty - Hamptons Brokerages has 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 locking in 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 OTHEBYS H O ME S.C O M/ H AMP TO NS

EAST HAMPTON

Offered at $49,000,000 FurtherLaneOceanfront.com

EAST HAMPTON

Offered at $3,895,000 66BullPath.com SOUTHAMPTON

Offered at $3,495,000 sothebyshomes.com/0057437 EAST HAMPTON

Offered at $3,999,000 30LaurelHillLane.com SAG HARBOR

Offered at $1,750,000 2548DeerfieldRoad.com *in order from left to right, top to bottom

sothebyshomes.com/hamptons

Featured Properties

/ The Hamptons Q4 Market Update

Market Snapshot All Hamptons

(east of the Shinnecock Canal)

Bridgehampton

Southampton

Sag Harbor

East Hampton

$3.0

600

$2.5

500

$2.0

400

$1.5

300

$1.0

200

$0.5

100

$0.0

0

2013

2014

2015

2016

*Price in Millions

Total Units Sold 24 185 63 77

Average Selling Price vs. Total Units Sold

Bridgehampton

Average Selling Price

East Hampton

Total Units Sold

Sag Harbor Southampton

2017

Q4 Highlights All Hamptons

(east of the Shinnecock Canal)

Bridgehampton

$4.5 $4.0 $3.5 $3.0

Southampton

$2.5 $2.0

East Hampton $1.5 $1.0

Sag Harbor

$0.5

Average Selling Price 3.8 $ 1.9 $ 1.5 $ 4.0 $

Bridgehampton East Hampton Sag Harbor Southampton *Price in Millions

Southampton

Sag Harbor

East Hampton

Bridgehampton

$-

*Price in Millions

Total Dollar Volume 11 % 41% 11 % 37%

Bridgehampton East Hampton Sag Harbor Southampton

Q4 Highlights

/ The Hamptons Q4 Market Update

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

600

500

400

300

200

100

-

2013

2014

2015

2016

2017 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

-16%

-9%

-4%

0%

43%

-10%

Change

-44%

-5%

-8%

-32%

-38%

-27%

2017

135

140

49

15

10

349

2016

161

154

51

15

7

388

2015

173

165

62

20

22

442

2014

197

201

59

19

24

500

2013

242

148

53

22

16

481

Q4 {2017 v 2016} {2017 v 2013}

*Price in Millions

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

$7.0 $6.5 $6.0 $5.5 $5.0 $4.5 $4.0 $3.5 $3.0 $2.5 $2.0 $1.5 $1.0 $0.5 $0.0

2013

2014

2015

2016

Average Selling Price

2017

Bridgehampton East Hampton Sag Harbor Southampton

Median Selling Price

*Price in Millions

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

2013

2014

2015

2016

Five Year Comparison

2017

/ The Hamptons Q4 Market Update

at a glance {Q4 | 2017}

bridgehampton

+16

%

Change in Average Selling Price {2017 v 2016}

+9

%

Change in Units Sold {2017 v 2016}

24 Units Sold

3.8m

$

Average Selling Price

|

Average Selling Price Total Units Sold $7,000,000

60

$6,000,000

50

$5,000,000

40

$4,000,000 30 $3,000,000 20

$2,000,000

10

$1,000,000

-

$-

2013

2014

2015

Average Selling Price

2016

2017

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

16%

81%

9%

2017

$3,788.337

$3,475,000

24

2016

$3,261,389

$1,919,300

22

2015

$5,567,246

$3,225,000

48

2014

$6,360,648

$2,750,000

53

2013

$5,106,528

$3,725,000

39

Q4 {2017 v 2016}

Change

Bridgehampton

/ The Hamptons Q4 Market Update

|

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

250

$2,500,000

200

$2,000,000

150

$1,500,000 100

$1,000,000

50

$500,000 $-

-

2013

2014

2015

Average Selling Price

2016

2017

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

16%

14%

2%

2017

$1,882,941

$1,085,000

185

2016

$1,616.746

$950,000

181

2015

$2,438,525

$1,150,000

200

2014

$2,242,026

$1,187,500

234

2013

$1,420,513

$900,000

220

Q4 {2017 v 2016}

Change

The Hamptons Q4 Market Update / East Hampton

at a glance {Q4 | 2017}

east hampton

+16

%

Change in Average Selling Price {2017 v 2016}

+2

%

Change in Units Sold {2017 v 2016}

185 Units Sold

1.9m

$

Average Selling Price

at a glance {Q4 | 2017}

sag harbor

-9

%

Change in Average Selling Price {2017 v 2016}

-7

%

Change in Units Sold {2017 v 2016}

63 $1.5m Units Sold

Average Selling Price

|

Average Selling Price Total Units Sold $1,800,000

90

$1,600,000

80

$1,400,000

70

$1,200,000

60

$1,000,000

50

$800,000

40

$600,000

30

$400,000

20

$200,000

10 -

$-

2013

2014

2015

Average Selling Price

2016

2017

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

-9%

3%

-7%

2017

$1,498,399

$1,196,750

63

2016

$1,647,631

$1,167,000

68

2015

$1,587,559

$1,135,000

66

2014

$1,714,067

$1,160,000

69

2013

$1,395,085

$965,000

83

Q4 {2017 v 2016}

Change

Sag Harbor

/The Hamptons Q4 Market Update

|

Average Selling Price Total Units Sold $4,500,000

160

$4,000,000

140

$3,500,000

120

$3,000,000

100

$2,500,000

80

$2,000,000

60

$1,500,000 $1,000,000

40

$500,000

20

$-

-

2013

2014

2015

Average Selling Price

2016

2017

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

26%

-13%

-34%

2017

$4,011,622

$1,660,000

77

2016

$3,190,762

$1,900,000

117

2015

$3,161,578

$1,582,500

128

2014

$3,076,574

$1,318,108

144

2013

$3,035,990

$1,350,000

139

Q4 {2017 v 2016}

Change

The Hamptons Q4 Market Update

/ Southampton

at a glance {Q4 | 2017}

southampton

(east of the Shinnecock Canal)

+26

%

Change in Average Selling Price {2017 v 2016}

-34

%

Change in Units Sold {2017 v 2016}

77 $4m Units Sold

Average Selling Price

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

SOUTHAMPTON

Superior Waterfront Estate Last Asking Price $27,900,000

SOUTHAMPTON

Private Ocean Access Last Asking Price $26,950,000 BRIDGEHAMPTON

Coveted Location, Immediate Ocean Access Last Asking Price $7,500,000 EAST HAMPTON

Stroll to Georgica Beach Last Asking Price $7,500,000 SOUTHAMPTON

Exquisitely Curated Manor with Pool & Tennis Last Asking Price $2,195,000 *in order from left to right, top to bottom

sothebyshomes.com/hamptons Significant Sales

/ The Hamptons Q4 Market Update

ARTIST NAME Title of Work, 19XX Estimate £XX,000–XX,000

Property from the Collection of Herb and Helen Gordon BIKASH BHATTACHARJEE Untitled (Rooftops), 1964 Estimate $ 70,000 – 90,000

Asia Week Auctions New York 19–24 March 2018

The Great Within:

MING: Luminous Dawn

Important Chinese Art

The Chew Family

Photographs of India

of Empire

Auction 21 March

Collection of Chinese

and the British Raj in

Auction 20 March

the 19th century

Paintings & Calligraphy

The Richard R. and

Auction 22 March

Jingyatang: Treasures

Magdalena Ernst

of Buddhist Sculpture

Collection of Himalayan Art

Fine Classical Chinese

Auction 20 March

Auction 22 March

Paintings & Calligraphy

KANGXI: The Jie Rui

Indian, Himalayan

Tang Collection

and Southeast Asian

Saturday at Sotheby’s:

Sale Title 15–28 March

Auction March Sale 20 Title

Auction X–X Month Modern & Contemporary

AuctionChinese X–X Month Inspired: Art from

Works of Art Sale Title Auction 22 March Auction X–X Month

Asian Art Sale Title Auction 24 March Auction X–X Month

Selling exhibition 14–29 March Luis Chan: The World Comes to Him Selling Exhibition

Sale TitleArt South Asian Auction 19 March Auction X Month

theSale Collection Title of Gerson and Judith Leiber Auction X Month Auction 20 March

Auction 23 March

Sale Title

Sale Title

Auction X Month

Auction X Month

We invite you to explore our real estate listings at sothebyshomes.com and view the worldwide auction schedule at sothebys.com/auctions.

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