2021 has been a record breaking year for real estate sales in the Hamptons. The final numbers have been reported for the year-end, and The Hamptons hit the pinnacle mark of $10 Billion in total dollar volume for all sales transactions, with the actual number being $10,022,980 Billion. This is up from the previous year by 18.2%. Prior to 2021 the highest amount of real estate sold was in 2020 with a total dollar volume of $8.5 Billion. Before 2020, the best year was 2014 with $5.5 Billion in total dollar volume. Transaction are up too, with the number of transactions being up 2% from 2020, with a total of 3,709 transactions. The 2021 median price of all sales was $1.5 Million which is up 13% from 2020.
“Welcome to the new roaring twenties! I have never experienced a Hamptons real estate market quite like the one we are in now. Reaching $10 Billion in dollar Volume in 2021 is unbelievable. Back in 2014 and 2015 the average baseline for sales was $4 – $4.5 Billion. In my opinion, once the market settles down, the new baseline will become $6-$6.5 Billion in dollar volume but that’s me being conservative,” said Steve Glick, Senior Vice President of Advertising & Marketing at Saunders & Associates.
Some other interesting notes about 2021. There were 9 home sale transactions each over $50 Million. The Village of Sag Harbor was up 74% in dollar volume followed by Wainscott which was up 71% from the previous year in 2020. In the Village of Sagaponack, the median price rose to $7.86 Million which is up 24.8%.
To view the complete, most accurate and updated Hamptons Real Estate Market reported for 2021, visit www.hamptonsrealestate.com/eng/the-saunders-report
Transaction data provided by LIRealEstateReport.com
