Subscribe to Guide
No Result
View All Result
Hamptons.com
  • Spotlight Magazine
  • Lifestyle
    • Featured
    • Entertainment
    • Arts
    • Community
    • Dining
    • Recreation
    • Trending
  • Events
    • Events Calendar
    • Post an Event
    • Gallery
  • Real Estate
    • Real Estate Features
    • Search Real Estate
      • Open Houses
      • Search Sales
      • Search Rentals
    • Title Insurance
    • Happening In The Hamptons Podcast
  • Live Cameras
    • All Live Cameras
    • Live Weather Cams
    • Amagansett, Atlantic Avenue Beach
    • Bridgehampton, West Scott Cameron Beach
    • East Hampton Village, Main Beach
    • East Hampton Village, Main Street
    • East Hampton Village, Newtown Lane
    • Hampton Bays, Ponquogue Beach
    • Hampton Bays, Ponquogue Bridge
    • Hampton Bays, Shinnecock Fishing Dock
    • Hampton Bays, Tiana Beach
    • Long Island Aquarium | Coral Reef
    • Long Island Aquarium | Penguins
    • Long Island Aquarium | Shark Tank
    • Montauk, Downtown Circle
    • Montauk, Lars Simenson Skatepark
    • Montauk, Gin Beach & Inlet
    • Montauk, Sunset Beach & Inlet
    • Sagaponack, Sagg Main Beach
    • Sag Harbor, Foster Memorial Beach
    • Sag Harbor, Long Wharf Marina
    • Sag Harbor, Main Street (South)
    • Sag Harbor, Windmill Beach & Bay
    • Shelter Island, South Ferry
    • Southampton, 39A to Montauk Hwy Merge
    • Southampton, Conscience Point Marina
    • Southampton Village, Coopers Beach
    • Southampton Village, Main Street (South)
    • Southampton Village, Main Street (North)
    • Southampton Village, Main Street (Hildreths)
    • Westhampton Village, Main Street (East)
    • Westhampton Village, Rogers Beach
  • Public WiFi
    • Public WiFi Map
    • Public Wi-Fi Support
  • Spotlight Magazine
  • Lifestyle
    • Featured
    • Entertainment
    • Arts
    • Community
    • Dining
    • Recreation
    • Trending
  • Events
    • Events Calendar
    • Post an Event
    • Gallery
  • Real Estate
    • Real Estate Features
    • Search Real Estate
      • Open Houses
      • Search Sales
      • Search Rentals
    • Title Insurance
    • Happening In The Hamptons Podcast
  • Live Cameras
    • All Live Cameras
    • Live Weather Cams
    • Amagansett, Atlantic Avenue Beach
    • Bridgehampton, West Scott Cameron Beach
    • East Hampton Village, Main Beach
    • East Hampton Village, Main Street
    • East Hampton Village, Newtown Lane
    • Hampton Bays, Ponquogue Beach
    • Hampton Bays, Ponquogue Bridge
    • Hampton Bays, Shinnecock Fishing Dock
    • Hampton Bays, Tiana Beach
    • Long Island Aquarium | Coral Reef
    • Long Island Aquarium | Penguins
    • Long Island Aquarium | Shark Tank
    • Montauk, Downtown Circle
    • Montauk, Lars Simenson Skatepark
    • Montauk, Gin Beach & Inlet
    • Montauk, Sunset Beach & Inlet
    • Sagaponack, Sagg Main Beach
    • Sag Harbor, Foster Memorial Beach
    • Sag Harbor, Long Wharf Marina
    • Sag Harbor, Main Street (South)
    • Sag Harbor, Windmill Beach & Bay
    • Shelter Island, South Ferry
    • Southampton, 39A to Montauk Hwy Merge
    • Southampton, Conscience Point Marina
    • Southampton Village, Coopers Beach
    • Southampton Village, Main Street (South)
    • Southampton Village, Main Street (North)
    • Southampton Village, Main Street (Hildreths)
    • Westhampton Village, Main Street (East)
    • Westhampton Village, Rogers Beach
  • Public WiFi
    • Public WiFi Map
    • Public Wi-Fi Support
No Result
View All Result
Hamptons.com
April 27, 2017

Limited Inventory Doesn’t Deter Hamptons Home Sales From Increasing During First Quarter Of 2017

Nicole Barylskiby Nicole Barylski
in Real Estate
Home Real Estate

For the 16th consecutive quarter, the Long Island median sales price has continued to increase, rising 4 percent to $384,890, according to The Elliman Reports: Long Island, Hamptons & North Fork 1Q17. 2017 saw the most first quarter sales in 14 years with 5,754 sales and listing inventory dropped 21.4 percent to 10,796, which is the lowest quarterly inventory recorded in more than 15 years.

In the Hamptons, even though there was less inventory available, expanded negotiability led to an 8 percent increase in the number of Q1 sales to 472, however the market remains “soft at the top.”

“We have seen extraordinary sales in Westhampton and Hampton Bays,” noted Scott Durkin, Chief Operating Officer of Douglas Elliman. “Oceanfront Hampton Bays and Westhampton properties are trading at a fast pace as the buyers have realized that this is a much closer trip from the City and that they cannot pass up the incredible values as compared to further east properties from Bridgehampton to Amagansett.”

In the luxury Hamptons market, the average sales price dropped a staggering 24.1 percent from $8,811,964 (Q1 2016) to $6,691,021 (Q1 2017). The median sales price declined by 5.9 percent from $5,500,000 (Q1 2016) to $5,175,000 (Q1 2017), but the number of sales slightly increased, from 45 (Q1 2016) to 48 (Q1 2017). Listing inventory was also up, from 252 (Q1 2016) to 263 (Q1 2017).

“The buyers have come out strong in all prices from $1 million to $5 million,” he explained. “The overall feeling has been that there is no better time now to buy and the inventory is shrinking in all categories below the $5 million price point.”

Sign up for our weekly newsletter!

Get the top Hamptons events and latest scoop!

What's Happening in the Hamptons

Related Posts

Happening in the Hamptons Podcast: Working Together as a Team and July 4th Weekend
Real Estate

Happening in the Hamptons Podcast: Working Together as a Team and July 4th Weekend

July 4, 2025
Precision & Performance: Mark Greenwald’s Approach to Hamptons Real Estate
Real Estate

Precision & Performance: Mark Greenwald’s Approach to Hamptons Real Estate

July 3, 2025
Luxury New Construction on 2.4 Acres
Real Estate

Luxury New Construction on 2.4 Acres

July 3, 2025

Search Articles

No Result
View All Result

LOCAL EVENTS

Events

06
Jul
06
Jul
-
06
Jul

HAMPTON VINTAGE – A Luxury Marketplace

July 6 @ 10:00 AM - July 6 @ 05:00 PM
Second House Museum, 626 Montauk Highway, Montauk, NY (Opposite Hero Beach Club)
06
Jul
06
Jul
-
06
Jul

Afternoon Tea

July 6 @ 01:30 PM - July 6 @ 04:00 PM
The Baker House 1650
06
Jul
06
Jul
-
06
Jul

Afternoon Tea

July 6 @ 01:30 PM - July 6 @ 04:00 PM
The Baker House 1650
06
Jul
06
Jul
-
06
Jul

BRUCE NAUMAN in conversation with ERIC FISCHL

July 6 @ 04:00 PM - July 6 @ 05:30 PM
The Church, 48 Madison St., Sag Harbor, NY, 11963
06
Jul
06
Jul
-
06
Jul

Backyard BBQ

July 6 @ 05:30 PM - July 6 @ 07:30 PM
Chabad of the Hamptons 13 Woods Ln
Load more listings
Next Post
Average Hamptons Sales Price Drops By 16 Percent

Average Hamptons Sales Price Drops By 16 Percent

    Facebook Twitter Instagram Youtube
    Hamptons.com

    Saunders Broadcasting Corp.

    Phone: 631-613-8440
    Email: [email protected]
    Facebook: Facebook.com/HamptonsOnline
    Twitter: @Hamptons
    Instagram: @HamptonsOnline

    About Us | Contact Us

    Hamptons.com

    • Lifestyle
    • Events
    • Real Estate
    • Live Cameras
    • Public WiFi

    Subscribe

    Sign up for our weekly newsletter!

    Get the top Hamptons events and latest scoop!

    © 2025 Hamptons.com | All rights reserved
    Saunders Broadcasting Corp.
    Terms & Conditions | Privacy Policy | About Us | Contact Us

    No Result
    View All Result
    • Spotlight Magazine
    • Lifestyle
      • Featured
      • Entertainment
      • Arts
      • Community
      • Dining
      • Recreation
      • Trending
    • Events
      • Events Calendar
      • Post an Event
      • Gallery
    • Real Estate
      • Real Estate Features
      • Search Real Estate
        • Open Houses
        • Search Sales
        • Search Rentals
      • Title Insurance
      • Happening In The Hamptons Podcast
    • Live Cameras
      • All Live Cameras
      • Live Weather Cams
      • Amagansett, Atlantic Avenue Beach
      • Bridgehampton, West Scott Cameron Beach
      • East Hampton Village, Main Beach
      • East Hampton Village, Main Street
      • East Hampton Village, Newtown Lane
      • Hampton Bays, Ponquogue Beach
      • Hampton Bays, Ponquogue Bridge
      • Hampton Bays, Shinnecock Fishing Dock
      • Hampton Bays, Tiana Beach
      • Long Island Aquarium | Coral Reef
      • Long Island Aquarium | Penguins
      • Long Island Aquarium | Shark Tank
      • Montauk, Downtown Circle
      • Montauk, Lars Simenson Skatepark
      • Montauk, Gin Beach & Inlet
      • Montauk, Sunset Beach & Inlet
      • Sagaponack, Sagg Main Beach
      • Sag Harbor, Foster Memorial Beach
      • Sag Harbor, Long Wharf Marina
      • Sag Harbor, Main Street (South)
      • Sag Harbor, Windmill Beach & Bay
      • Shelter Island, South Ferry
      • Southampton, 39A to Montauk Hwy Merge
      • Southampton, Conscience Point Marina
      • Southampton Village, Coopers Beach
      • Southampton Village, Main Street (South)
      • Southampton Village, Main Street (North)
      • Southampton Village, Main Street (Hildreths)
      • Westhampton Village, Main Street (East)
      • Westhampton Village, Rogers Beach
    • Public WiFi
      • Public WiFi Map
      • Public Wi-Fi Support

    © 2025 Hamptons.com | All rights reserved
    Saunders Broadcasting Corp.
    Terms & Conditions | Privacy Policy | About Us | Contact Us