MARKET UPDATE | Q4 2013 The Hamptons featured solds
MARKET REPORT: Culminating the year with significant overall activity, the Hamptons real estate market posted a 19 percent gain in total units sold during the fourth quarter of 2013 versus the same period in 2012, according to the Long Island Real Estate Reports. Strength was concentrated in the Sag Harbor, Southampton and East Hampton markets. Overall dollar volume was stable, up a slight one percent, driven primarily by South Hampton and Sag Harbor sales. Both total unit and dollar volume sales were concentrated in price points up to $2,999,999 and between $6,000,000 and $9,999,999. Median selling price levels varied by town, with Bridgehampton posting a significant 29 percent increase.
SOUTHAMPTON | LISTING AGENTS: JOHN F. MCHUGH & PATRICIA J. PETRILLO | Last Asking: $95,000,000
BRIDGEHAMPTON Brokerage
Debra Reece, VP, Brokerage Manager t: 631.537.6000 2446 Main Street Bridgehampton, NY 11932
EAST HAMPTON | LISTING AGENTS: EDWARD R. PETRIE & JULIE K. WOLFE | LAST ASKING: $9,750,000
EAST HAMPTON Brokerage
John Gicking, VP, Brokerage Manager t: 631.324.6000 6 Main Street East Hampton, NY 11937 SAG HARBOR Brokerage
Alice Bell, SVP, Brokerage Manager t: 631.725.6000 7 Spring Street Sag Harbor, NY 11963 SOUTHAMPTON Brokerage
Alice Bell, SVP, Brokerage Manager t: 631.283.0600 50 Nugent Street Southampton, NY 11968
WAINSCOTT | LISTING AGENT: BEATE V. MOORE | LAST ASKING $7,995,000