Hamptons | North Fork Q2 Market Report

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MICHAELA KESZLER

Michaela Keszler

#1 Agent in the Hamptons by GCI for 2023, 2021, 2020 and 2019

Dear Clients, Friends, and Hampton’s Real Estate Lovers,

After traveling to Turkey and Greece in July and enjoying the beautiful culture, food, and weather, I feel refreshed and ready for the Hampton’s summer hustle. Coming home is always a wonderful reminder of how beautiful the Hamptons truly are. The white sand beaches, the unique light, and the sprawling farmland make the Hamptons a special place. Here, there is something for everyone.

Even though I call the Hamptons home year-round, the summer is extraordinary. There are countless opportunities to go out and enjoy the social buzz, try new things, and meet new people. For those who seek tranquility, there are also great places to relish in the peace and quiet.

The Hamptons seamlessly blend vibrant social life with serene escapes, making it an unparalleled destination.

Be sure to take a look at the Hamptons 2nd Quarter Market Report to stay updated on the latest trends and developments in the area. I am available to answer all your questions.

Best wishes for a wonderful summer!

CURRENTLY LISTED | elliman.com/H378198

134 Herrick Road

Southampton Village, New York

Designed by Douglas C. Wright and built in 2023, this meticulously crafted home evokes traditional Southampton architecture while offering all the comforts of contemporary living. Set on an expansive 0.85-acre south-facing lot, this distinguished property boasts seven bedrooms, each with an en suite bathroom. Upon entering, guests are greeted by a grand entryway, formal sitting room, and a living room with double high ceilings with floor-to-ceiling windows. The kitchen and spacious pantry exude functionality and style and are equipped with state-of-the-art appliances. The home’s finished lower level features a gym, golf simulator, living room for relaxation, and two additional bedrooms for added convenience or accommodating guests. The luxury of living continues with the wrap-around porches overlooking the beautiful mature landscaping, oversized pool, and pool house.

Condo & Single Family Dashboard

YEAR-OVER-YEAR

Prices + 30.8%

Median Sales Price - 3.3% Pace Months of Supply + 74.1% Sales

Closed Sales + 3 DAYS Marketing Time Days on Market + 22.8% Inventory

Total Inventory + 1.9%

Negotiability

Listing Discount

Source: Miller Samuel Real Estate Appraisers & Consultants

IN CONTRACT | elliman.com/H376651

320 Majors Path Southampton, New York

The Rosewood Farm Estate encompasses more than 34+/- bucolic acres with a rich history as the former home of the Southampton Riding & Hunt Club. Renowned architect, designer, and late owner Thierry Despont transformed the property into the one-of-a-kind estate it is today. The approx. 5,536sf main house with 6 bedrooms offers impeccable living spaces. The grounds are magnificent, featuring a lush rolling lawn with a tree-lined path leading to an infinity-edge pool and a grand pool house. The pool house includes a lounge area, workout room, sauna, and steam shower. South of the pool house, a picturesque meadow with a walking path leads to a Gazebo and mature specimen trees from Africa. The property also includes a 2,115+/- sq. ft. 4 bedroom guest house and a four-car garage.

Hamptons Condo & Single Family Dashboard

YEAR-OVER-YEAR

• The median sales price surged year over year to a new high.

• Sales rose annually for the third time at an expanding rate.

• Listing inventory continued to expand, enabling additional sales.

• The market share of sales above the $5 million threshold more than doubled annually.

“Sales and price trend indicators continued to post significant annual gains.”
Source: Miller Samuel Real Estate Appraisers & Consultants

2024 Hamptons 2nd Quarter Report

Bridgehampton

2024 Hamptons 2nd Quarter Report

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