Q4 | 2018
The Hamptons
Market Update
BRIDGEHAMPTON SOUTH
Offered at $34,000,000 BestBridgehamptonOceanfront.com
EAST HAMPTON
Offered at $7,995,000 SothebysHomes.com/0048275
a message from
The Hamptons Brokerage Managers In the fourth quarter of 2018, the average sales price of Hamptons real estate east of Shinnecock Canal increased year over year by 3%, from $2.26M in 2017 to $2.33M in 2018, according to data compiled by the Long Island Real Estate Report. At the same time, the median sales price increased by 4% from $1.25M in 2017 to $1.30M in 2018. Overall, total units sold decreased 9% from 424 units in fourth quarter of 2017 to 384 units in the fourth quarter of 2018. As a result, total dollar volume dipped 7%, to $894M from $959M. 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 WATER MILL
Offered at $19,500,000 475FlyingPointRoad.com
SOUTHAMPTON
Offered at $4,850,000 SothebysHomes.com/0048250 SOUTHAMPTON
Offered at $4,975,000 2MillFarmLane.com SAG HARBOR
Offered at $4,250,000 11-HowardStreet.com EAST HAMPTON
Offered at $2,995,000 22MileHillRoad.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
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
2014
2015
2016
2017
*Price in Millions
Total Units Sold 30 180 66 107
Average Selling Price vs. Total Units Sold
Bridgehampton
Average Selling Price
East Hampton
Total Units Sold
Sag Harbor Southampton
2018
Q4 Highlights All Hamptons
(east of the Shinnecock Canal)
Bridgehampton
$6.0
$5.0
Southampton $4.0
$3.0
Sag Harbor
$2.0
East Hampton
$1.0
Average Selling Price 4.8 $ 2.1 $ 1.9 $ 2.3
$
Bridgehampton East Hampton Sag Harbor Southampton *Price in Millions
Southampton
Sag Harbor
East Hampton
Bridgehampton
$-
*Price in Millions
Total Dollar Volume 16 % 43 % 14 % 27 %
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
-
2014
2015
2016
2017
2018 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
-15%
-18%
9%
50%
8%
-10%
Change
-25%
-31%
2%
26%
-42%
-23%
2018
147
138
60
24
14
383
2017
172
168
55
16
13
424
2016
163
154
49
14
7
387
2015
173
165
62
20
22
442
2014
197
201
59
19
24
500
Q4 {2018 v 2017} {2018 v 2014}
*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
2014
2015
2016
2017
2018
Average Selling Price
Bridgehampton East Hampton Sag Harbor Southampton
Median Selling Price
*Price in Millions
$5.0 $4.5 $4.0 $3.5 $3.0 $2.5 $2.0 $1.5 $1.0 $0.5 $0.0
2014
2015
2016
Five Year Comparison
2017
2018
/ The Hamptons Q4 Market Update
at a glance {Q4 | 2018}
bridgehampton
+25
%
Change in Average Selling Price {2018 v 2017}
-17
%
Change in Units Sold {2018 v 2017}
30 Units Sold
4.8m
$
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 $-
-
2014
2015
2016
Average Selling Price
2017
2018
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
25%
49%
-17%
2018
$4,769,531
$4,537,500
30
2017
$3,825,794
$3,050,000
36
2016
$3,400,465
$2,213,599
21
2015
$5,567,246
$3,225,000
48
2014
$6,360,648
$2,750,000
53
Q4 {2018 v 2017}
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
-
$-
2014
2015
2016
Average Selling Price
2017
2018
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
18%
16%
-13%
2018
$2,111,244
$1,250,000
180
2017
$1,791,745
$1,075,000
207
2016
$1,550,048
$950,000
175
2015
$2,438,525
$1,150,000
200
2014
$2,242,026
$1,187,500
234
Q4 {2018 v 2017}
Change
The Hamptons Q4 Market Update / East Hampton
at a glance {Q4 | 2018}
east hampton
+18
%
Change in Average Selling Price {2018 v 2017}
-13
%
Change in Units Sold {2018 v 2017}
180 Units Sold
2.1m
$
Average Selling Price
at a glance {Q4 | 2018}
sag harbor
+12
%
Change in Average Selling Price {2018 v 2017}
-4
%
Change in Units Sold {2018 v 2017}
66 $1.9m Units Sold
Average Selling Price
|
Average Selling Price Total Units Sold $1,900,000
70
$1,850,000
69
$1,800,000 $1,750,000
68
$1,700,000
67
$1,650,000 $1,600,000
66
$1,550,000
65
$1,500,000 $1,450,000
64
2014
2015
2016
Average Selling Price
2017
2018
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
12%
8%
-4%
2018
$1,858,570
$1,379,000
66
2017
$1,663,984
$1,280,000
69
2016
$1,628,692
$1,140,000
69
2015
$1,587,559
$1,135,000
66
2014
$1,714,067
$1,160,000
69
Q4 {2018 v 2017}
Change
Sag Harbor
/The Hamptons Q4 Market Update
|
Average Selling Price Total Units Sold $3,500,000
160
$3,000,000
140 120
$2,500,000
100
$2,000,000
80 $1,500,000
60
$1,000,000
40
$500,000
20 -
$-
2014
2015
2016
Average Selling Price
2017
2018
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
-24%
-31%
-4%
2018
$2,280,997
$1,120,000
107
2017
$3,000,012
$1,616,500
112
2016
$3,109,267
$1,836,250
122
2015
$3,161,578
$1,582,500
128
2014
$3,076,574
$1,318,108
144
Q4 {2018 v 2017}
Change
The Hamptons Q4 Market Update
/ Southampton
at a glance {Q4 | 2018}
southampton
(east of the Shinnecock Canal)
-24
%
Change in Average Selling Price {2018 v 2017}
-4
%
Change in Units Sold {2018 v 2017}
107 $2.3m Units Sold
Average Selling Price
Significant Sales We celebrate the notable success of our associates and clients
EAST HAMPTON
Exceptional Further Lane Estate Last Asking Price $14,995,000
SOUTHAMPTON
Better Than New Estate Last Asking Price $12,400,000 EAST HAMPTON
Grey Gardens Carriage House Last Asking: $8,950,000 SAGAPONACK
Ocean Sunrises & Pond Sunsets Last Asking Price $8,950,000 SAG HARBOR
Sag Harbor’s L’Hommedieu House Last Asking Price $4,950,000 *in order from left to right, top to bottom
sothebyshomes.com/hamptons Significant Sales
/ The Hamptons Q4 Market Update
PHOTO BY PAUL VAN COTTHEM ON UNSPLASH
w i n e i s a n e v e r- e n d i n g j o u r n e y. sothebyswine.com
AUCTION • RETAIL • ADVISORY New York Hong Kong London
