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
THE HAMPTONS BRIDGEHAMPTON | consisting of Bridgehampton, Sagaponack AVerage Sale Price | Total SFH Sold | Q3
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. 2009
2010
2011
2012
2013
% CHANGE
Median Selling Price
$3,385,000
$3,300,000
$3,400,000
$2,892,500
$3,725,000
29%
Average Selling Price
$4,509,543
$4,056,148
$5,128,157
$3,925,130
$4,636,708
18%
23
23
25
38
27
-29%
single family homes | Q4
Total Units Sold
(2013 v 2012)
EAST HAMPTON | consisting of Amagansett, East Hampton, Montauk, Wainscott AVerage Sale Price | Total SFH Sold | Q3
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. single family homes | Q4
2009
2010
2011
2012
2013
% CHANGE (2013 v 2012)
Median Selling Price
$1,085,000
$980,000
$750,000
$1,082,500
$940,000
-13%
Average Selling Price
$1,642,110
$1,748,261
$1,691,492
$2,357,398
$1,507,952
-36%
94
72
97
118
138
17%
Total Units Sold
Scenic Photography provided by Jake Rajs
bridgehampton | east hampton | sag harbor | southampton
2
THE HAMPTONS SAG HARBOR | consisting of Sag Harbor, North Haven, Noyack AVerage Sale Price | Total SFH Sold | Q3
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. single family homes | Q4
2009
2010
Median Selling Price
$850,000
Average Selling Price
$1,306,903 31
Total Units Sold
2013
% CHANGE
$1,160,000
$925,000
-20%
$1,586,990
$1,233,320
-22%
39
55
41%
2011
2012
$1,500,000
$807,500
$1,299,165
$1,172,653
17
36
(2013 v 2012)
SOUTHAMPTON | consisting of North Sea, Southampton, Water Mill AVerage Sale Price | Total SFH Sold | Q3
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. The historic village includes an array of fine dining, shopping and art galleries. 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 world-class golfing. single family homes | Q4
2009
2010
2011
2012
2013
% CHANGE (2013 v 2012)
Median Selling Price
$1,450,000
$980,000
$1,037,500
$1,595,000
$1,375,000
-14%
Average Selling Price
$2,051,650
$1,916,657
$1,868,822
$2,649,130
$3,019,726
14%
87
46
62
64
87
36%
Total Units Sold
Data Source: Long Island Real Estate Reports. Data was pulled on January 17, 2014
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sothebyshomes.com/hamptons
ALL HAMPTONS | 5 Years | Q4 Comparison SALES by TOTAL DOLLAR VOLUME 2009
2010
2011
2012
2013
% CHANGE
% CHANGE
Up to $999,000
71,409,824
46,808,072
68,422,449
65,810,780
102,721,330
56%
44%
$1M - $2.99M
146,339,921
96,279,127
109,872,740
158,197,791
156,397,206
-1%
7%
$3M - $5.99M
134,545,673
63,235,000
71,910,900
168,835,551
132,027,500
-22%
-2%
$6M - $9.99M
73,965,001
50,640,000
89,985,000
118,733,200
128,315,000
8%
73%
$10M and up
50,825,000
72,456,000
110,170,000
147,187,500
144,376,110
-2%
184%
477,087,428
329,420,209
450,363,100
658,766,834
663,839,159
1%
39%
PRICE RANGE
TOTAL 2012
(2013 v 2012)
(2013 v 2009)
2013
AVERAGE SELLING PRICE
bridgehampton | east hampton | sag harbor | southampton
4
ALL HAMPTONS | 5 Years | Q4 Comparison TOTAL UNITS SOLD 2009
2010
2011
2012
2013
% CHANGE
% CHANGE
Up to $999,000
104
74
116
108
152
41%
46%
$1M - $2.99M
85
56
68
84
95
13%
12%
$3M - $5.99M
32
16
17
41
33
-20%
3%
$6M - $9.99M
10
7
12
16
18
13%
80%
$10M and up
4
5
7
10
9
-10%
125%
235
158
220
259
307
19%
31%
PRICE RANGE
TOTAL 2012
(2013 v 2012)
(2013 v 2009)
2013
MEDIAN SELLING PRICES
Throughout this Update, the Hamptons residential real estate market is defined as the 12 market areas noted on pages 2 and 3.
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sothebyshomes.com/hamptons
ON THE MARKET FEATURED PROPERTIES
LISTINGS AROUND THE WORLD IN THIS PRICE RANGE
EAST HAMPTON, NY
in metropolitan markets
IN THE HEART OF THE VILLAGE 4 br / 4 ba / 2000+/- sq. ft. WEB: 0046084 $6,495,000
Houston, Sugar Land
NEW YORK
Los Angeles
5 br / 5 ba / 2 hf ba $4,950,000
3 br / 2 ba / 1 hf ba $5,350,000
6 br / 9 ba $5,800,000
WATER MILL, NY
in resort markets
TRADITIONAL WITH POOL 4 br / 3.5 ba / 3700+/- sq. ft. WEB: 0056281 $5,495,000
SANTA FE
PALM BEACH
Ventura
5 br / 5 ba / 2 hf ba $4,800,000
3 br / 4 ba / 1 hf ba $4,700,000
5 br / 4 ba $5,195,000
SAGAPONACK SOUTH, NY
in foreign markets
QUINTESSENTIAL 6 br / 5.5 ba / heated pool WEB: 0036867 $5,300,000
South Africa
Puerto Rico
Australia
6 br / 6 ba $5,186,242
5 br / 5 ba / 2 hf ba $4,400,000
5 br / 4 ba / 1 hf ba Price Upon Request
AT AUCTION
Songye “Four Horn” Community Power Figure The Collection of Allan Stone 15 November, 2013 Estimate: $600,000-$900,000
The Pink Star Rare English & European Magnificent Jewels 13 November, 2013 Sold: $84,730,214.30