Q1-2022
Report
Hamptons, NY Sales
Hamptons
Median Sales Price
Condo & Single Family Dashboard
Number of Sales
$1.525M
950
$1.350M
800
$1.175M
650
$1.0M
500
$825K
350
YEAR-OVER-YEAR
+ 7.7% Prices
Median Sales Price
- 1.7 mos Pace
Months of Supply
- 22.4% Sales
Closed Sales
- 41.5%
Inventory
Total Inventory
- 11 days
Marketing Time Days on Market
- 1.6%
Negotiability Listing Discount
•
Since the pandemic era began, median sales price has reached the top three highest levels each quarter
•
Bidding wars were incurred in more than one out of four sales for the third straight quarter
•
Listing inventory fell to a new low for the second straight quarter
•
Severely restrained by lack of supply, sales declined annually for the past three quarters
200
$650K 2012
2013
2014
2015
2016
Hamptons Matrix
2017
2018
2019
2020
2021
2022
Q1-2022
%∆ (qtr)
Q4-2021
%∆ (yr)
Q1-2021
Average Sales Price
$2,620,899
4.2%
$2,515,546
24.7%
$2,102,315
Median Sales Price Median Sales Price
Hamptons Luxury $1,400,001 2.9%
Number of Sales (Closed) $9.0M Days on Market (From Last List Date) $7.8M Listing Discount (From Last List Price)
Number $1,300,000 of Sales 7.7%
$1,360,000
395
-25.5%
530
-22.4%
509 85
90
2.3%
88
-10.9%
101 73 7.6%
6.0%
6.5%
Listing Inventory $6.6M
671
-15.5%
794
-41.5%
1,147 61
Months of Supply $5.4M Year-to-Date
5.1
13.3%
4.5
-25.0%
Q1-2022
%∆ (qtr)
Q4-2021
%∆ (yr)
6.8 49 Q1-2021
Average Sales Price (YTD) $4.2M
$2,620,899
N/A
N/A
24.7%
$2,102,315 37
Median Sales Price (YTD) $3.0M Number of Sales (YTD)
$1,400,001
N/A
N/A
7.7%
395
N/A
N/A
-22.4%
$1,300,000 25 509
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
Heavy bidding war activity confirmed high demand despite sale declines, largely due to the collapse in listing inventory. Median Sales Price of Sales Hamptons Median sales price rose 7.7% year over Condo listing inventory reigned inNumber demand as sales year to the second-highest level on record fell 22.4% annually to 395. Despite the third $1.05M 60 and 41.4% above the pre-pandemic level. quarter with a year over year sales decline, Average sales price followed the same the number of sales was still 15.2% higher pattern, than pre-pandemic levels. An indicator $900K surging 24.7% to a record $2,620,899 48 and 23.4% above the same period two years of continued demand, the market share ago. The lack of supply was a key driver of of bidding wars reached 26.5%, the third$750Kprice trends. Listing inventory fell 41.5% 36 rising highest amount tracked and only nominally year over year to a record low of 671 for the lower than both the prior quarter’s market tenth consecutive decline and 65.2% below share of 26.6% and the all-time high of 26.7% $600K 24 the pre-pandemic levels. The collapse of two quarters ago. $450K
12
$300K
0 Q1-2021
Q2-2021
Q3-2021
Q4-2021
Q1-2022
Prepared by Miller Samuel Real Estate Appraisers & Consultants Median Sales Price
Hamptons Single Family
Number of Sales
$750K 2012 Sales 2013 Median Price 2014
2015
2016Hamptons 2017
2018
36
2019
2020Number 2021 of Sales 2022
$1.525M $600K Median Sales Price
Hamptons Luxury
950 24 Number of Sales
$9.0M Median Sales Price $1.350M $450K
Hamptons Luxury
85 Number of Sales 800 12
Q1-2022 The Elliman Report • Quarterly Survey 73 85 of Hamptons, NY Residential Sales
elliman.com/marketreports
$7.8M $9.0M
$1.175M $300K $6.6M $7.8M
Q1-2021
Q2-2021
Q3-2021
Q4-2021
650 0 61 73
Q1-2022
Single Family
4961 500
$5.4M $1.0M $6.6M
$4.2M $5.4M $825K $3.0M $4.2MMedian Sales Price 2012
$650K $1.55M $3.0M
2012
2012
2013
2013
Hamptons Single Family
2014 2014
2013
37 49 350
2014
2015
2016
2017
2018
2019
2020
2015
2016
2017
2018
2019
2020
2015
2016
2017
2018
2019
Number of Sales 2537 2021
2020
2022
200 700
2021
2021
2022
$1.50M
600
Median Sales Price $1.45M Median Sales Price $1.05M $9.0M Median Sales Price $1.40M $900K $1.05M $7.8M $1.35M $6.6M $750K $900K $5.4M $1.30M $600K $750K $4.2M
Number of Sales500 60 85 Number of Sales 400 4860 73
Hamptons Condo
Q1-2021
Q2-2021
2013
2014
Q3-2021
2015
Condo
2016
$300K Median Sales Price $8.5M
Number of Sales
Hamptons Condo Hamptons Luxury
2017
2018
Q1-2022
2019
2020
Q2-2021
Q3-2021
Q4-2021
Q2-2021
Q3-2021
Q4-2021
$6.7M Sales Price Median $750K $1.50M
Q2-2021
Luxury 22.4%
Median Sales Price
$1.30M $1.55M Median Q1-2021 Sales Price
Q3-2021
9.7%
Q4-2021
Q4-2021
%∆ (yr)
Q1-2021
$1,002,113
17.5%
$797,466
Median Sales Price Median Sales Price Number of Sales (Closed)
$942,500 12.5% Hamptons
$838,050
400
Q1-2022
Hamptons Luxury
Q1-2022 Number of Sales
700
Median Sales Price
500 70 Number of Sales
Hamptons Luxury
-81.5%
54
$1.525M Days on Market (From Last List Date)
150
11.9%
134
Listing Discount (From Last List Price)
6.2%
$1.350M Listing Inventory
Months of Supply
-66.7%
3.6
176.9%
1.3
-26.5%
Luxury Matrix (Top 10% of Sales) $1.0M Average Sales Price
Q1-2022
%∆ (qtr)
Q4-2021
%∆ (yr)
$12,102,413
12.8%
$10,730,796
48.7%
$7,711,250
-4.2%
$8,050,000
32.4%
40
-25.9%
54
-23.1%
-17.1%
140
-11.5%
Days on Market (From Last List Date)
116
Listing $650KDiscount (From Last List Price)
6.6%
200 25 55
Listing Inventory 2012 2013
73.4%Q1-2022
Q4-2021
North Fork
$5.5M $6.7M Q1-2021
Q2-2021
$6.1M Median Sales Price
10 40
Q3-2021
Q4-2021
Q1-2022
East End By Dollars
$7.9M
Q1-2021
Q2-2021
Q3-2021
Q4-2021
Q1-2022
East End equals Hamptons and North Fork $7.3M
22.4%
East End By Units
East End By Dollars
$6.7M
$6.1M
22.4% 77.6%
85
10
70
Months of Supply
2014
2015
Entry Price Threshold
8.9%
2016354 2017 25.5% 2018
26.6
69.4%
$4,800,000
-7.7%
Q1-2021 500 $8,136,794 $5,825,000 350 52 131 10.5% 200
2019 282 2020-34.2% 2021
15.7
-14.2%
$5,200,000
24.7%
2022 538
31.0
$3,850,000
Hamptons Luxury
Median Sales Price
Number of Sales
$9.0M
85
$7.8M
73
$6.6M
61
$5.4M
49
$4.2M
37
55
40
9.7% 90.3%
4.9
25
Number of Sales
Hamptons Luxury
East End By Units
Share of East End9.7% Region
$8.5M $5.5M
800 36 650
300 4070
Q3-2021 Hamptons
950 142
6.7%
23
400 55 85
Q2-2021
3.5% -47.8%
$1.35M $7.9M $6.7M
Q1-2021
5.6%
12
$8.5M $1.40M $7.3M
$1.30M $6.1M $7.3M
19.7% $787,500 Number of Sales -54.5% 22
$1.175M
Median Sales Price $825K of Sales (Closed) Number
90.3%
77.6%
$1.45M $7.9M
10
300
600 85
$1.50M $8.5M
97 7.6%
-6.5%
Number of Sales
Q3-2021
-9.3%
%∆ (qtr)
200
Q2-2021
84 6.6%
Q1-2022
Q1-2022
Q4-2021
4.8%
6.0%
$937,350
0 70 60
East End By Dollars
Hamptons Single Family
88
Listing Discount (From Last List Price)
Average Sales Price
12
85
200 Q1-2021
$1.35M
Days on Market (From Last List Date)
24
500
Q4-2021
487
Hamptons Condo Matrix
25 12
0 300 Q3-2021
-20.9%
6.8
600
Q2-2021
476
1,111
10 12 400
Q1-2021
-19.1%
-25.0%
700
East End By Units
$1,340,000
385
-40.7%
$1.50M $5.5M $450K $1.40M
$1.40M $1.30M
$2,161,261
8.2%
4.9
40 Number of Sales 36 600
Q1-2022
23.3%
$1,500,250
771
Q1-2022
Q4-2021
$2,687,238
-3.3%
4.1%
55 48 700
Q3-2021
-0.8%
$1,450,000
-14.5%
25 24 500
Q2-2021
$2,664,628
Median Sales Price
5.1
$1.55M $6.1M $600K $1.45M
Q1-2021
Average Sales Price
659
2022
$1.45M $300K $1.35M
Q1-2021
Months of Supply
Number of Sales
Hamptons Single Family
%∆ (yr)
Listing Inventory
Q1-2022
Hamptons Single Family
Q4-2021
49 200 24 37 36
Number of Sales
Hamptons Condo
Median Sales Price $7.3M $900K $1.55M
2021
%∆ (qtr)
300 61 36
Number of Sales 0
Hamptons Luxury
Q1-2021
$300KMedian Sales Price $7.9M Q1-2021 $1.05M
Q4-2021
Q1-2022
Number of Sales (Closed)
48
$3.0M $450K $600K 2012
$450K
25
2022
Hamptons Single Family Matrix
25
10
$5.5M Q1-2021
Q2-2021
Q3-2021
Q4-2021
77.6%
East End By Units
East End By Dollars
73.4% 9.7%
Hamptons North Fork
22.4%
Hamptons 77.6%
Single Family Units Condo Units Single Family Dollars Condo Dollars
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
73.4%
Hamptons
90.3%
North Fork
Hamptons
Current Quarter
Prior Year Quarter
97.5% 73.4% 95.7%
Hamptons
North Fork
25
$3.0M
Northfork
By Sales Share Type
Q1-2022
90.3%
2.5%
Median Sales Price Price $1.05M Over $5M
Current Quarter
Prior Year Quarter
Over/Under Last List
Hamptons Condo
9.1%
6.1%
Current Prior Year Number of Sales Quarter Quarter
Over
26.5%
60 21.7%
4.3%
$1M – $5M
44.3%
44.2%
At
13.6%
11.4%
99.1%
98.4%
$900K Under $1M
46.6%
49.7%
Under
59.9%
48 66.9%
0.9%
1.6%
$750K Questions or comments? Email report author Jonathan Miller at jmiller@millersamuel.com Methodology: millersamuel.com/research-reports/methodology
Douglas Elliman Real Estate $600K575 Madison Avenue, New York, NY 10022 212.891.7000 • elliman.com
36 Miller Samuel Real Estate Appraisers & Consultants 21 West 38th Street, New York, NY 10018 24 212.768.8100 • millersamuel.com
© 2022 DOUGLAS ELLIMAN REAL ESTATE AND MILLER SAMUEL REAL ESTATE APPRAISERS & CONSULTANTS. ALL WORLDWIDE RIGHTS RESERVED. 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 $450K IS CURRENTLY LISTED WITH ANOTHER REAL ESTATE BROKER, PLEASE DISREGARD THIS OFFER. IT IS NOT OUR INTENTION TO SOLICIT THE OFFERINGS OF OTHER REAL 12 LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. IF YOUR PROPERTY ESTATE BROKERS. WE COOPERATE WITH THEM FULLY. EQUAL HOUSING OPPORTUNITY.