Shelter Island, NY | web: 0037231
The Hamptons Market Update Second Quarter 2014 THE HAMPTONS BROKERAGES Bridgehampton Brokerage | t. 631.537.6000 East Hampton Brokerage | t. 631.324.6000 Sag Harbor Brokerage | t. 631.725.6000 Southampton Brokerage | t. 631.283.0600
sothebyshomes.com/hamptons All data in this report is pulled from the Long Island Real Estate Reports.Throughout the Hamptons residential real estate market is defined as the 12 market areas noted on pages 2 and 3.
Market Update Compared to the same time last year, overall median prices in the Hamptons have increased, according to the Long Island Real Estate Report. The $1-2.99 million price category saw an increase of 17 percent both in total units sold and in sales by total dollar volume versus the same time last year. Sales activity was strongest in Sag Harbor, where total units sold increased 29 percent. Median selling prices rose most significantly in East Hampton by ten percent followed by Bridgehampton at four percent.
BRIDGEHAMPTON BROKERAGE | t: 631.537.6000 Debra Reece, VP, Brokerage Manager 2446 Main Street | Bridgehampton, NY 11932
EAST HAMPTON BROKERAGE | t: 631.324.6000 John Gicking, VP, Brokerage Manager 6 Main Street | East Hampton, NY 11937
SAG HARBOR BROKERAGE | t: 631.725.6000 Alice H. Bell, SVP, Brokerage Manager Temporary address same as Southampton Brokerage
SOUTHAMPTON BROKERAGE | t: 631.283.0600 Alice H. Bell, SVP, Brokerage Manager 50 Nugent Street | Southampton, NY 11968
SIGNIFICANT SALES | Q2 2014
SOUTHAMPTON, NY | Last Asking: $98,000,000 Southampton/East Hampton Brokerages Harald Grant | Associate Broker | 631.227.4913 Edward R. Petrie | Associate Broker | 631.907.8442
SAGAPONACK, NY | Last Asking: $10,950,000 Bridgehampton Brokerage Sharon Stern | Licensed Salesperson | 631.613.7330
WATER MILL, NY | Last Asking: $12,500,000 Southampton Brokerage Christina M. Galesi | Licensed Salesperson | 631.227.4919
EAST HAMPTON, NY | Last Asking: $6,600,000 East Hampton Brokerage Ann Ciardullo | Associate Broker | 631.907.8470
FEATURED LISTINGS
EAST HAMPTON, NY | $21,500,000 | Web ID: 0046256 East Hampton Brokerage Patricia Wadzinski | Associate Broker | 631.907.8454 Edward R. Petrie | Associate Broker | 631.907.8442
WATER MILL, NY | $14,000,000 | Web ID: 0056416 Southampton Brokerage Walter F. Glennon | Licensed Salesperson | 631.227.4912
EAST HAMPTON, NY | $9,750,000 | Web ID: 0037403 Bridgehampton Brokerage Beate V. Moore | Associate Broker | 631.613.7316
MONTAUK, NY | $7,700,000 | Web ID: 0046365 East Hampton Brokerage Rylan Jacka | Associate Broker | 631.907.8475
SOUTHAMPTON, NY | $5,750,000 | Web ID: 0055982 Southampton Brokerage Michael Conroy | Licensed Salesperson | 631.227.4942
SAG HARBOR, NY | $2,195,000 | Web ID: 1050348 Sag Harbor Brokerage Michael Daly | Associate Broker | 631.613.7205 Robert Florio | Licensed Salesperson | 631.613.7206
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q2
BRIDGEHAMPTON Sagaponack Centrally located, Bridgehampton enjoys open farm vistas, picturesque wineries, and a bustling historic village with an array of shops, restaurants, and galleries. Minutes away are miles of ocean beaches and bays with world class yachting. Home to the finest equestrian event, the Hampton Classic, as well as numerous art and music festivals, Bridgehampton offers a sophisticated cultural life. For the sporting enthusiast there are miles of scenic roads for biking, riding stables, and golf and tennis clubs including the famed Atlantic Golf Club.
2010
2011
2012
2013
2014
% Change (2014 v 2013)
MEDIAN SELLING PRICE
$2,150,000
$3,100,000
$3,325,000
$2,037,500
$2,125,000
4%
AVERAGE SELLING PRICE
$4,269,087
$4,447,667
$4,707,800
$3,378,512
$2,988,286
-12%
23
33
40
40
35
-13%
SINGLE FAMILY HOMES | Q2
TOTAL UNITS SOLD
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q2
EAST HAMPTON Amagansett, Montauk, Wainscott
2010
2011
2012
2013
2014
% Change (2014 v 2013)
MEDIAN SELLING PRICE
$865,000
$999,500
$970,000
$990,000
$1,090,000
10%
AVERAGE SELLING PRICE
$1,338,868
$1,588,100
$1,646,978
$1,994,783
$1,851,354
-7%
140
122
163
187
154
-18%
SINGLE FAMILY HOMES | Q2
TOTAL UNITS SOLD
BRIDGEHAMPTON | EAST HAMPTON | SAG HARBOR | SOUTHAMPTON
Scenic Photography provided by Jake Rajs
Voted one of the most beautiful villages in the world, East Hampton retains its historic charm while offering the top names of fashion and the culinary world in its shops and restaurants. A vibrant cultural life extends year round with Guild Hall, the Hamptons International Film Festival, art gallery exhibits and elegant fundraisers. Beautiful biking and strolling lanes shaded by majestic elm trees lead down to miles of ocean beaches and the famed Maidstone Club. Â Three Mile Harbor and Gardiners Bay offer prime waters for sailing or powerboating.
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AVERAGE SALE PRICE | TOTAL SFH SOLD | Q2
SAG HARBOR North Haven, Noyack The historic whaling village of Sag Harbor exudes Victorian charm with a picturesque Main Street leading down to a busy wharf with some of the finest motor yachts in the world. Homes enjoy spectacular bay views dotted with sail boats. With a true port feel, Sag Harbor offers diverse dining options and unique boutiques with international wares. Famous artists and writers have been drawn to the rich cultural life and history of Sag Harbor, and the streets are filled with book stores and art galleries, a cinema and Bay Street Theatre.
2010
2011
2012
2013
2014
% Change (2014 v 2013)
MEDIAN SELLING PRICE
$932,500
$910,000
$710,000
$975,000
$950,000
-3%
AVERAGE SELLING PRICE
$1,407,884
$2,370,793
$1,074,782
$1,662,143
$1,416,038
-15%
37
29
39
35
45
29%
SINGLE FAMILY HOMES | Q2
TOTAL UNITS SOLD
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q2
SOUTHAMPTON North Sea, Water Mill Southampton combines its pedigreed past with its contemporary international culture. Famed hedged estates lead down to miles of ocean beaches and bay waters perfect for swimming, sailing or just relaxing. Southampton enjoys a vibrant social calendar, including outdoor concerts and elegant fundraisers for charity and cultural institutions such as its highly regarded Parrish Art Museum. Home to famed Shinnecock and Sebonack Golf Clubs and National Golf Links, it is a draw for worldclass golfing.
2010
2011
2012
2013
2014
% Change (2014 v 2013)
MEDIAN SELLING PRICE
$1,441,000
$1,650,000
$1,235,000
$1,484,500
$1,350,000
-9%
AVERAGE SELLING PRICE
$1,915,122
$2,789,575
$2,068,310
$2,765,703
$2,134,633
-23%
84
97
102
94
86
-9%
SINGLE FAMILY HOMES | Q2
TOTAL UNITS SOLD
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ALL HAMPTONS | 5 Years | Q2 Comparison SALES BY TOTAL DOLLAR VOLUME 2010
2011
2012
2013
2014
% CHANGE
% CHANGE
Up to $999,000
95,631,693
73,418,727
104,652,014
105,674,453
90,471,141
-14%
-5%
$1M - $2.99M
171,368,739
197,033,300
230,131,120
201,126,107
235,889,980
17%
38%
$3M - $5.99M
132,342,000
142,365,999
120,791,250
215,810,433
141,096,500
-35%
7%
$6M - $9.99M
55,750,000
68,345,000
105,021,230
82,295,000
73,966,018
-10%
33%
$10M and up
43,500,000
198,700,000
149,058,000
221,410,000
95,575,000
-57%
120%
498,592,432
679,863,026
709,653,614
826,315,993
636,998,639
-23%
28%
PRICE RANGE
TOTAL
2012
(2014 v 2013)
(2014 v 2010)
2013
Up to $999,000
$1M-$2.99M
$3M-$5.99M
$6M-$9.99M
$10M and up
AVERAGE SELLING PRICE
BRIDGEHAMPTON | EAST HAMPTON | SAG HARBOR | SOUTHAMPTON
6
ALL HAMPTONS | 5 Years | Q2 Comparison TOTAL UNITS SOLD 2010
2011
2012
2013
2014
% CHANGE
% CHANGE
UP TO $999,000
145
116
164
166
136
-18%
-6%
$1M - $2.99M
96
112
127
114
133
17%
39%
$3M - $5.99M
34
35
30
54
33
-39%
-3%
$6M - $9.99M
8
9
14
11
10
-9%
25%
$10M AND UP
1
9
9
11
8
-27%
700%
284
281
344
356
320
-10%
13%
PRICE RANGE
TOTAL
2012
(2014 v 2013)
(2014 v 2010)
2013
Up to $999,000
$1M-$2.99M
$3M-$5.99M
$6M-$9.99M
$10M and up
MEDIAN SELLING PRICES
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FEATURED LISTINGS
EAST HAMPTON, NY Web ID: 0046363 | $75,000,000 East Hampton Brokerage Edward R. Petrie | Associate Broker | 631.907.8442
NORTH HAVEN, NY Web ID: 0056481 | $65,000,000 Southampton Brokreage Harald Grant | Associate Broker | 631.227.4913
BRIDGEHAMPTON, NY Web ID: 0036492 | Price Upon Request Bridgehampton Brokerage Dana Trotter | Associate Broker | 631.613.7346