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Hamptons.com
July 27, 2017

Hamptons Real Estate Prices Are On The Rise

Nicole BarylskibyNicole Barylski
in Real Estate
Home Real Estate

The Hamptons real estate market is on the rebound. After a lackluster 2016, the first two quarters of 2017 have showed significant sales increase, with sales being at their highest level in two years, according to Douglas Elliman Q2 2017 Hamptons Sales Market Reports.

“Sales activity in the Hamptons has been quite robust after a somewhat lackluster two years, along with a continued decline in inventory. What’s most interesting is that we are seeing more sales at the upper end of the market, something that was lacking last year,” noted Scott Durkin, COO, Douglas Elliman. “The North Fork showed a similar pattern. Both markets had noticeable improvement.”

The median Hamptons sales price increased 5.6 percent to $1,030,000, and the average sales price also grew, increasing by 12.7 percent to $1,898,934. The number of sales increased 22.8 percent to 689, while days on market was 150, down from 170, and listing discount dropped to 12 percent, a .4 percent fall.

“After an underperforming 2016, the first two quarters of 2017 showed a pronounced increase in activity in the Hamptons, with sales at their highest levels in two years,” noted Jonathan Miller of Miller Samuel, Inc, the author of the report. “The North Fork mirrored the Hamptons, with the number of sales rising year over year for the fourth time in five quarters. Inventory slipped in both markets, as price indicators moved higher. At the same time, the Long Island market to the west saw rising sales and falling inventory for an unprecedented ten consecutive quarters and the least negotiability in twelve years.”

Listing inventory fell 4.1 percent to 1,464. “We’re experiencing extremely heavy sales, rising prices and low inventory here on Long Island,” echoed Ann Conroy, President, Long Island Division, Douglas Elliman. “With intense sales volume burning off supply faster than it can be created, prices are rising. There’s no question that the Long Island market is booming!”

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  • Chef’s Spotlight: Casual Luxury, Jean-Georges at Topping Rose House

Topping Rose House, nestled in the heart of Bridgehampton, is a beacon of sophistication and culinary excellence in the Hamptons. This iconic destination has earned its reputation as a bastion of luxury and style, making it a must-visit for locals and visitors alike seeking an unforgettable dining experience.

At the helm of Jean-George at Topping Rose House’s kitchen is French celebrity chef Jean-Georges Vongerichten—a culinary maestro whose talents have garnered widespread acclaim. The chef’s specialty lies in crafting a menu that harmonizes the finest local ingredients with a global perspective. This fusion of flavors and techniques results in dishes that are not only visually stunning but also explode with taste. @toppingrosehouse

Read the full article at Hamptons.com (Link in Bio)
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#dining #hamptons #luxury #toppingrosehouse #bridgehampton
  • Discover Hamptons History with East Hampton Historical Society’s Guided Tours

We all know that September is the best month in the Hamptons. The summer renters have mostly gone (we’ll miss you!). The weather practically demands that you go out for a walk. Maybe you’ve been too busy at the beach or planning activities for the kids, but now that it’s September, take a stroll, stretch your legs, and explore the rich, beautiful history around the Hamptons.

The East Hampton Historical Society is hosting Guided Walking Tours around the Hamptons all September long, so stay a while and listen.

I love walking tours not just because of the guides, who are great storytellers, but the company and conversations sparked with other attendees. We’re the kind of people you’ll see, hands on hips, squinting to read the well-worn plaque on a historical monument. The people who read those brown signs, who pick up and read the local leaflets at a museum or hotel lobby.  @easthampton_histsoc

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When most people think back to the one that got away, they think about relationships.

I think about real estate.

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HamptonsFilm, the home of the Hamptons International Film Festival (HIFF), announced today a handful of additional Spotlight selections, which include Jennifer Esposito’s FRESH KILLS, Andrew Haigh’s ALL OF US STRANGERS, George C. Wolfe’s RUSTIN, and Jonathan Glazer’s THE ZONE OF INTEREST. The 31st annual edition of HIFF will take place October 5-12, 2023, with in-person screenings and events across the Hamptons.

“This year’s Signature programming and Spotlight films include a diverse array of powerful and thought-provoking titles,” said HamptonsFilm Artistic Director David Nugent. “We feel it is important to feature projects that are not only compelling but also socially impactful and capable of sparking a dialogue among our audiences.” @hamptonsfilm

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Yacht Hampton has docked at the Canoe Place Marina on the Shinnecock Canal. Canoe Place Inn & Cottages has been reimagined as a luxurious haven of hospitality, and now, with the arrival of Yacht Hampton, the historic Inn embarks on a prestigious new voyage.

Yacht Hampton is renowned for its expansive fleet and unrivaled service, offering a rich variety of opportunities for excursions in the waters surrounding the Hamptons. Enthusiasts can now indulge in the luxury boating/yachting lifestyle safely without the hassle and prohibitive costs that come with ownership. @canoeplace

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