Wednesday, August 10, 2022
Tuesdays at Main Beach LIVE! 6pm "Click Here"
Subscribe to Guide
No Result
View All Result
Hamptons.com
  • Live Cameras
    • All Live Cameras
    • Live! Weather Cams
    • 39A Corner
    • Main Beach
    • South Ferry
    • Coopers Beach
    • Southampton Village (South)
    • Southampton Village (North)
    • Southampton Village (Hildreths)
    • Downtown Circle Montauk
    • Long Island Aquarium | Shark Tank
    • Long Island Aquarium | Coral Reef
    • Tiana Beach
    • Ponquogue Beach
    • Ponquogue Bridge
    • Shinnecock Fishing Dock
    • Village Main Street
    • Downtown Sag Harbor
    • Windmill Beach Sag Harbor
    • Foster Memorial Beach
    • Conscience Point Marina
  • Public WiFi
  • Happening
    • Arts
    • Community
    • Dining
    • Entertainment
    • Kids
    • Recreation
    • Real Estate
    • Events Calendar
    • Post an Event
    • Gallery
    • Spotlight
  • Real Estate
    • Open Houses
    • Search Sales
    • Search Rentals
    • Recorded Sales
    • Title Insurance
  • Live Cameras
    • All Live Cameras
    • Live! Weather Cams
    • 39A Corner
    • Main Beach
    • South Ferry
    • Coopers Beach
    • Southampton Village (South)
    • Southampton Village (North)
    • Southampton Village (Hildreths)
    • Downtown Circle Montauk
    • Long Island Aquarium | Shark Tank
    • Long Island Aquarium | Coral Reef
    • Tiana Beach
    • Ponquogue Beach
    • Ponquogue Bridge
    • Shinnecock Fishing Dock
    • Village Main Street
    • Downtown Sag Harbor
    • Windmill Beach Sag Harbor
    • Foster Memorial Beach
    • Conscience Point Marina
  • Public WiFi
  • Happening
    • Arts
    • Community
    • Dining
    • Entertainment
    • Kids
    • Recreation
    • Real Estate
    • Events Calendar
    • Post an Event
    • Gallery
    • Spotlight
  • Real Estate
    • Open Houses
    • Search Sales
    • Search Rentals
    • Recorded Sales
    • Title Insurance
No Result
View All Result
Hamptons.com

Luxury Hamptons Estates And Homes Below $1 Million Make A Mark During The Third Quarter

Nicole Barylski by Nicole Barylski
October 27, 2016
in Real Estate
Home Real Estate

The Long Island real estate market experienced a strong third quarter in 2016, with the most sales in 14 years and the lowest inventory in 13 years, according to a report from Douglas Elliman. The median sales price increased 3.8 percent to $405,000 and the third quarter saw the quickest market pace in 13 years.

In the Hamptons, listing inventory dropped again for the 5th consecutive quarter. There was a surge in sales above $5 million and the luxury market outpaced the overall market by price trend. The median sales price plunged 13.2 percent to $825,000, while the average sales price grew a minimal 0.6 percent to $1,746,413. The number of sales was 517, a 2 percent increase and listing inventory fell 10.4 percent to 1,533.

“The Hamptons market saw a small increase in sales after 5 quarters of year over year declines,” explained Jonathan J. Miller, President and CEO of Miller Samuel Inc. “Two patterns that stood out this quarter was the surge in sales below $1 million, accounting for nearly 60 percent of all transactions, and an uptick in activity above $5 million.”

3 Kirks Place is among current luxury listings. (Courtesy Photo)


The average Hamptons sales price in the luxury market grew 24.7 percent from last quarter to $8,538,746 and the median sales price also increased by 13.6 percent to $6,250,000. The number of sales (52) was down 8.8 percent and days on the market significantly dropped from 336 to 186 – a 44.6 percent decrease.

The North Fork saw the highest third quarter sales in over a decade, and a decrease in inventory didn’t deter buyers. After nine quarters of growth, the median sales price fell 0.2 percent to $515,000. The listing inventory dropped a dramatic 23.4 percent to 472, but the number of sales increased by 19.9 percent to 199 and houses were on the market for a shorter time period – from 157 days in the second quarter to 118 days in the third quarter.

Previous Post

Breast Cancer Research Foundation Raises Over $2 Million During Annual Symposium And Awards Luncheon

Next Post

Hamptons-Based Technology-Driven Real Estate Platform Closes Deal That Preserves Over 80 Acres Of East End Woodlands

Nicole Barylski

Nicole Barylski

Next Post
Hamptons-Based Technology-Driven Real Estate Platform Closes Deal That Preserves Over 80 Acres Of East End Woodlands

Hamptons-Based Technology-Driven Real Estate Platform Closes Deal That Preserves Over 80 Acres Of East End Woodlands

ADVERTISE

SEARCH ARTICLES

No Result
View All Result

Categories

  • Arts (2,180)
  • Community (1,935)
  • Dining (814)
  • Entertainment (985)
  • Featured (305)
  • Gallery (2,154)
  • Kids (52)
  • Real Estate (652)
  • Recreation (1,605)
  • Spotlight (38)
  • Traffic in the Hamptons is Time Sensitive

Traffic in the Hamptons is time sensitive. Going east from 6 a.m. to 10:30 a.m. and west from 4 p.m. until 8:30 p.m. has become quite an ordeal. The initial expansion of “Highway 39” back around 2006-2007, in which the two-lane road was expanded to four and in some places six lanes, no longer is alleviating the traffic flow.

Read the full article at Hamptons.com (Link in Bio) #traffic #hamptons
  • Sixty/Something: Solid Gold Rent

My first full-time year in the Hamptons started as a weekend and lasted a decade. I paid rent to a host of folks thinking I’d be moving back to NYC. Somehow the east end helped me transition to a very happily remarried east end guy.

This tale all started with me, a divorced dad having a fateful ride to Joe Shaw’s home as a favor to pick up a deposit on his sailboat. That day ended with me buying his sailboat. It was an on the spot spur of the moment epiphany moment. I knew nothing about sailboats or east end bays.

Read the full article at Hamptons.com (Link in Bio) #hamptons #community
  • Bideawee Animal Rescue: “Stay Awhile”

It’s been more than two years since the start of the pandemic where there was a significant increase in animal adoptions, known as the “pandemic puppy craze.” Now, animal shelters across the country have been experiencing a lull in adoptions.

Bideawee is one of the country’s oldest and most respected animal welfare and pet adoption organizations. They have locations in New York City, Wantagh, and Westhampton, and they are encouraging the community to consider bringing a deserving and lovable pet into their home. @bideawee

Read the full article at Hamptons.com (link in Bio) #bideawee #adoption #animaladoption #adoptdontshop #community
  • A Perfect Blend of Classic Southampton History and Luxurious Modern Design

A very rare find in the heart of Southampton Village this stylish gated farmhouse built in 1800 is a seamless synthesis of historic features and 21st century finishes, furnishings and amenities. Transformed by Bremer Designs, its owner, with a complete renovation, the home has true character. Wide plank pine floors and original fireplaces speak to the home’s history, while central air, updated electric and many other upgrades provide up to the minute amenities all expressed with the owner’s impeccable style. No detail has been left unconsidered and the workmanship is of the finest quality. @hamptonsrealestate @djida_oppenheim

Read the full article at Hamptons.com (Link in Bio) #southampton #realestate #hamptonsrealestate #luxuryrealestate #saunders #hamptons
  • Growing Up Getty Book Publication Celebration at Canoe Place Inn

On Friday evening, July 29th  the beautifully restored Canoe Place Inn in Hampton Bays was the setting for a celebration of the publication of Growing Up Getty: The Story of America’s Most Unconventional Dynasty by James Reginato. Hamptons.com spoke with the author about his background and his new book. Mr. Reginato has a distinguished career in publishing, having been with Vanity Fair Magazine for 15 years. Previously, he served as features editor of W Magazine. @canoeplace @jamesnreginato

Read the full article at Hamptons.com (Link in Bio) #author #hamptonbays #hamptons #canoeplace
  • As Local as It Gets, Sundaes on Main Now Open

You may have noticed a new frozen yogurt shop opened on Main Street in Bridgehampton. At first glance, you think surely it must be an NYC business making a run for Hamptons customers. How wrong you would be—”Sundaes on Main” is as local as it gets. @sundaes_on_main

Read the full article at Hamptons.com (Link in Bio) #frozenyogurtshop #sundaes #sundaesonmain #bridgehampton #local #hamptons
Facebook Twitter Instagram Youtube
Hamptons.com

Saunders Broadcasting Corp.

Phone: 631-405-3902
Email: [email protected]
Facebook: Facebook.com/HamptonsOnline
Twitter: @Hamptons
Instagram: @HamptonsOnline

Contact Us

Happening in the Hamptons

  • Arts
  • Community
  • Dining
  • Entertainment
  • Featured
  • Gallery
  • Kids
  • Real Estate
  • Recreation
  • Spotlight

Subscribe

Get daily news updates to your inbox!

Subscribe to our mailing list to receives daily updates!

© 2021 Hamptons.com | All rights reserved
Saunders Broadcasting Corp.
Terms & Conditions | Privacy Policy | Contact Us

No Result
View All Result
  • Live Cameras
    • All Live Cameras
    • Live! Weather Cams
    • 39A Corner
    • Main Beach
    • South Ferry
    • Coopers Beach
    • Southampton Village (South)
    • Southampton Village (North)
    • Southampton Village (Hildreths)
    • Downtown Circle Montauk
    • Long Island Aquarium | Shark Tank
    • Long Island Aquarium | Coral Reef
    • Tiana Beach
    • Ponquogue Beach
    • Ponquogue Bridge
    • Shinnecock Fishing Dock
    • Village Main Street
    • Downtown Sag Harbor
    • Windmill Beach Sag Harbor
    • Foster Memorial Beach
    • Conscience Point Marina
  • Public WiFi
  • Happening
    • Arts
    • Community
    • Dining
    • Entertainment
    • Kids
    • Recreation
    • Real Estate
    • Events Calendar
    • Post an Event
    • Gallery
    • Spotlight
  • Real Estate
    • Open Houses
    • Search Sales
    • Search Rentals
    • Recorded Sales
    • Title Insurance

© 2021 Hamptons.com | All rights reserved
Saunders Broadcasting Corp.
Terms & Conditions | Privacy Policy | Contact Us