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Hamptons.com
July 26, 2018

Real Estate Pro Thinks Now’s The Time To Buy In The Hamptons

Nicole Barylskiby Nicole Barylski
in Real Estate
Home Real Estate

The Hamptons Q2 real estate reports are in and home sales are up, but year over year they’re off by over 10 percent.

Of the 12 markets Town & Country monitors, five saw an increase in the number of home sales, five saw a decrease and two remained the same. However, overall the number of home sales are up 3 percent.

However, there was an area that jumped out. “East Hampton Village impressed everyone with her $6,000,000 median home sale price in the 2nd Quarter of 2018,” Judi A. Desiderio, Town & Country Chief Executive Officer, noted. “But, it was the Bridgehampton market (which includes Sagaponack and Water Mill) which maintained its high earner award with the greatest total home sale volume – nearly $217M changed hands for those three months.”

“One noteworthy statistic was the elite price category of over $20,000,000 which sank 75 percent – only one home sold in that price bracket,” Desiderio added. “It was 290 Further Lane in East Hampton. The estate of James Marcus at $40M.”

Year over year, The Elliman Reports: Hamptons Q2-2018 notes that the median sales price in the Hamptons declined by 5.3 percent to $975,000 – a first in six quarters. The number of sales year over year was also down, with a 12.8 percent drop to 601.

“The numbers demonstrate what we’ve known for some time: the Hamptons market is undergoing a reasonable downward correction. However, the gap between buyer and seller expectation seems to be closing,” noted Carl Benincasa, Douglas Elliman Regional Vice President of Sales. “Original listing prices are dropping, as are absorption rates, which means that sellers are making moves to meet buyers, making this a prime time to buy a home for the informed purchaser.”

The luxury market saw an uptick in prices, with a 17 percent increase in average luxury price and the median luxury price was up by 18 percent.

“We definitely saw an increase in buyer activity in the second quarter, including a lot of activity on the high end. Just Corcoran agents alone were involved in five deals over $10 million,” said Ernest Cervi, Regional Senior Vice President of Corcoran’s East End offices. “We also had an increase in rentals, many of whom also purchased a home; historically, this trend makes for a strong third quarter. I think we are also going to see more condo sales in the third quarter, as sales have been really ramping up at our condo development at Southampton Pointe. Overall, a very stable quarter on the East End!”

“Hamptons real estate shows strong sales prices with overall less volume. Hamptons total average sale price rose 6.9 percent and the median price increased 4.5 percent while the actual number of transactions dipped 12.3 percent and total dollar volume of all sales was off 6.3 percent,” noted Robert M. Nelson, Senior Managing Director of Brown Harris Stevens of the Hamptons, LLC. “The strength of the high end of the market was evidenced by a significant number of sales late in the second quarter that have closed, but not yet recorded, bringing the total number of sales over $5 million to 53, with 15 sales over $10 million. Rentals continue to be a challenge as tenants opt for shorter time frames than in years past.”

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Brooklyn-Based Artist, Andrew Brischler, Exhibiting Work At Madoo Conservancy

Brooklyn-Based Artist, Andrew Brischler, Exhibiting Work At Madoo Conservancy

  • The 33rd Hamptons International Film Festival kicked off last Friday with the U.S. premiere of A24’s Eternity starring Elizabeth Olsen, Miles Teller, and Callum Turner.⁠
⁠
Elizabeth Olsen attended the premiere on Friday, and on Saturday sat down with IndieWire’s Editorial Director Kate Erbland at the Sag Harbor Cinema as a part of the festival’s “A Conversation With” series. Later that day, the second “A Conversation With” took place as Ethan Hawke and moderator Alison Stewart talked about Blue Moon, as well as Hawke’s filmography. ⁠
⁠
Sydney Sweeney received the festival’s Achievement in Acting Award following the U.S. premiere of her film Christy in East Hampton. ⁠
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Notable Guests included: Alessandro Nivola, Alec Baldwin, Amanda Peet, Tonatiuh, Miriam Shor, Lois Smith, Tim Blake Nelson, Mareille Enos, Bob Balaban, E. Jean Carroll, Roberta Kaplan, Ellen Barkin, Bernie Telsie, Bill Condon.⁠
⁠
📸: Jess Dalene⁠
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Check out the full gallery at Hamptons.com (Link in Bio)⁠
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#hiff #hamptonsinternationalfilmfestival #film #elizabetholsen #sydneysweeney #hamptons #hamptonsfilm⁠
  • When: Fri, Oct 3rd – Sun, Oct 5th, 2025
8am – 5pm

Where: Levain Bakery, 354 Montauk Hwy, Wainscott, NY

Levain Bakery is introducing a new cookie for a limited time: Peanut Butter Dark Chocolate Chip – a decadent mix of creamy and chunky peanut butter with rich dark chocolate chunks. Originally created to celebrate the opening of Levain’s Beverly Hills Bakery, this indulgent new flavor will now be available for just three days only, October 3–5, at all retail bakery locations.

To make the weekend even sweeter, guests who purchase a cookie will receive a Levain Bakery mini tote (while supplies last), a fan-favorite collectible sure to go quickly.

#levain #levainbakery #cookie #minitote #tote #hamptons
  • From world premieres at the Hamptons International Film Festival to SouthamptonFest! ⁠
⁠
Check out the Top Hamptons Events This Weekend!⁠
⁠
🎬 33rd Hamptons International Film Festival⁠
📅 Oct 3 – 13, 2025 | 9AM – 10PM⁠
📍 Various Locations⁠
A global lineup of films, shorts & documentaries.⁠
⁠
🍪 Levain Bakery⁠
📅 Oct 3 – 5, 2025 | 8AM – 5PM⁠
📍 354 Montauk Hwy, Wainscott⁠
Try the Peanut Butter Dark Chocolate Chip cookie + snag a mini tote (while supplies last).⁠
⁠
🎉 13th Annual SouthamptonFest⁠
📅 Oct 3 – 5, 2025 | 10AM – 7PM⁠
📍 Southampton Village⁠
Arts, culture, food & family fun all weekend long!⁠
⁠
🎶 SpringsFest⁠
📅 Oct 4, 2025⁠
📍 1 Parsons Pl, East Hampton⁠
Live music, raffles, crafts, blacksmith demos & more.⁠
⁠
💃 Salsa Social @ The Clubhouse Hamptons⁠
📅 Oct 4, 2025 | 9PM – 11:30PM⁠
📍 East Hampton⁠
Dance the night away w/ DJ Chile & more!⁠
⁠
🐚 34th Annual Largest Clam Contest⁠
📅 Oct 5, 2025 | 12PM – 3PM⁠
📍 Amagansett Life Saving Station⁠
Taste clam chowder, clam pies & cheer on the winners!⁠
⁠
🎷 East Meets West Jazz Jam Session⁠
📅 Oct 5, 2025 | 2PM – 5PM⁠
📍 Southampton Cultural Center⁠
Free community jazz jam – all are welcome.⁠
⁠
🌕 Full Hunter’s Super Moon Hike⁠
📅 Oct 6, 2025 | 6:30PM – 7:30PM⁠
📍 SOFO Museum Parking Lot⁠
Guided evening hike under the moonlight.⁠
⁠
✨ Which event are you most excited for?⁠
⁠
Check out more events at Hamptons.com (Link in Bio)⁠
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#hamptons #hamptonsinternationalfilfestival #hiff #jazz #fullmoon #hike #film #levainbakery #community
  • So many fun fall activities in the Hamptons 🎃

@fairviewfarmatmecox 
@corwithsfarmstand 
@milkpailfarmorchard 

Check out our fall guide at Hamptons.com (Link in Bio)

#hamptons #fall #applepicking🍎 #pumpkin #maze #pettingfarm
  • As summer winds down and the cool breezes of fall approach, jewelry enthusiasts and fashion lovers alike are looking for the latest seasonal trends. Yael Fraynd, founder and president of Yaya Publicity, offers an insider’s perspective on what to expect this fall — especially for those embracing the chic lifestyle of the Hamptons.⁠
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Looking ahead to fall, Fraynd described the evolving styles with enthusiasm. For fall, expect to see bold statement pieces, rich gemstone colors like orange and a playful mix of metals. ⁠
⁠
She also noted the influence of pop culture on jewelry trends, including celebrities like Taylor Swift, who is recently engaged, saying, “It could also be just, you know, with Taylor Swift, who has such a big effect on what people like.”⁠
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On the seamless transition from summer to fall styles, she observed, “In the summer, you see a bit of Western-inspired pieces, and I think that they really do kind of transition into fall really nicely. ⁠
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@yayapublicity⁠
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Read the full article at Hamptons.com (Link in Bio) ⁠
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#fall #falltrend #falljewelry #hamptons⁠
  • Apollo in the Hamptons returned with a celebratory evening at the EHP Resort & Marina (Si Si Restaurant) in East Hampton. The annual fundraiser supported Apollo’s year-round artistic and educational programs and its first full-scale renovation and restoration. ⁠
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📸: Danté Crichlow for The Apollo⁠
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Check out the full gallery at Hamptons.com (Link in Bio)⁠
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#apollo #apollotheater #hamptons #easthampton #benefit #fundraiser
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