Third Quarter Hamptons Market Report

HAMPTONS M A R K E T

R E P O RT

THIRD QUARTER 2019

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P E RC E N T O F HA M P TO N S SAL E S

BY M A R K E T A R E A

BRIDGE HAMPTO N AREA Includes Bridgehampton, Sagaponack and Wainscott

EAST HAMPTO N Includes East Hampton and East Hampton Village

SAG HARBO R AREA Includes North Haven, Noyac, Sag Harbor, and Sag Harbor Village

SO UTHAMPTO N AREA Includes North Sea, Southampton, Southampton Village and Water Mill

WESTHAMPTO N AREA Includes East Quogue, Hampton Bays, Quogue, Quogue Village, Remsenburg, Speonk, Westhampton, Westhampton Beach, Westhampton Beach Village, Westhampton Dunes

THE HAMPTONS

A M AG A N S E T T / M O N TA U K

RECOVERING FROM MORE SIGNIFICANT DECLINES

IN THE FIRST TWO QUARTERS OF 2019,

THE HAMPTONS EXPERIENCED A MORE MODEST

DROP IN SALES IN THE

THIRD QUARTER AS COMPARED TO THE

SAME PERIOD IN 2018

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3 Q 1 9 D ATA H I G H L I G H T S

1.7%

Average price was nearly unchanged,

6.8% $2B+

down only 1.7% to $608,710

to $1,004,500

2.6%

24.1%

compared to 3Q18 (296 in 2019 vs. 304 in 2018)

to $73,045,229

10.3%

26.3%

to $483,095,362

rose 26.3% to 120 in 3Q19

Total number of South Fork sales declined 2.6%

Total dollar volume dropped 10.3%

$500 -1M

The price category with the largest number of sales was the $500K - $1M range, with 118 sales

Median price declined 6.8%

Total dollar volume rose as well, up 24.1%

The number of sales on the North Fork

10 over$5M 10 sales over $5M (down from 18 in 3Q18)

4 were over $10M (compared to 5 in 2018)

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AV E R A G E & M E D I A N SALES PRICE

AV E R A G E & M E D I A N S A L E S P R I C E

N U M B E R O F SAL E S P R I C E

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LO N G T E R M T R E N D S 2 0 1 5 - 2 0 1 9 T O TA L D O L L A R V O L U M E

H A M P T O N S T O TA L D O L L A R V O L U M E

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P E RC E N T O F HA M P TO N S SAL E S

BY P R I C E

H A M P TO N S E AST OF SHINNECOCK CANAL

H A M P TO N S W E ST OF SHINNECOCK CANAL

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D O L LAR VO L U M E

BY A R E A

H A M P TO N S E AST & W E ST

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D O L LAR VO L U M E

BY A R E A

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P E RC E N T O F HA M P TO N S SAL E S

BY P R I C E

3Q19 VS 3Q18

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S O U T H F O R K S I N G L E - FA M I LY H O M E S EAST O F THE S HINNECOCK CANAL

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Copyright 2019 Douglas Elliman Real Estate. All Material presented herein is intended for information purposes only. While this information is believed to be correct, it is represented subject to errors, omissions, changes, or withdrawal without notice.

All property information, including but not limited to square footage, room count, number of bedrooms and the school district in property listings are deemed reliable, but should be verified by your own attorney, architect, or zoning expert. Equal housing opportunity.

Data for this report is sourced from The Real Estate Report Inc. Based upon data available as of October 18, 2019

Design by Spear Design Group

S O U T H F O R K S I N G L E - FA M I LY H O M E S EAST O F THE S HINNECOCK CANAL

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