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Hamptons.com
January 24, 2019

The Hamptons Luxury Real Estate Market Sees Uptick, While Average And Median Sales Prices See Little Change

Nicole Barylskiby Nicole Barylski
in Real Estate
Home Real Estate

The number of Hamptons homes put up for sale during the fourth quarter of 2018 boomed, as noted in the recently released Elliman Reports: Hamptons Q4-2018.

“A big story here is the increase in inventory year over year,” Carl Benincasa, Douglas Elliman Regional Vice President of Sales for the Hamptons, shared. After twelve quarters of declines, listing inventory significantly increased. “There are nearly 82 percent more listings on the market than there were this time last year,” Benincasa noted.

Even though the number of sales declined year over year for the fourth consecutive quarter, compared to same year ago period, the median sales price remained unchanged at $995,000. The average sales price saw a slight boost (9.1 percent) to $2,006,610. “Upticks in average and median sale prices may be attributable to a greater percentage of sales occurring in the ultra-high end,” Benincasa said.

“Greater competition amongst sellers means greater opportunities for buyers,” Benincasa added. “If you’re thinking of buying in the Hamptons, this may be the time.”

Overall, on the South Fork, the majority of sales (73.9 percent) during in the fourth quarter of 2018 were below $2 million, the Brown Harris Stevens 4th Quarter 2018 Hamptons Report notes.

“The fourth quarter compensated for a slower second and third quarter which brought totals at the end of the year to be somewhat similar to the prior year,” Cia Comnas, Brown Harris Stevens Executive Managing Director Hamptons, and Robert Nelson, Brown Harris Stevens Senior Managing Director Hamptons, noted. ” The fourth quarter should not be looked at individually as some closings do happen at year end for tax reasons. Overall average prices and volume showed little variation with the previous year.”

The luxury market gained steam – with the number of sales in the $10 to $19.99 million range up by a whopping 67 percent, according to the Town & Country Hamptons 4th Quarter 2018 Home Sales Report. The $3.5 to $4.99 million range also saw notable growth (32 percent), while the $5 to $9.99 million range was up by 25 percent.

“The T&C Hamptons 4th Q Home Sales shows the broad stroke across the South Fork there were solid gains,” Judi A. Desiderio, Town & Country Real Estate Chief Executive Officer, noted. “The high-end was a strong performer. There is great public awareness for the amazing new construction in the Hamptons.”

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Artists Invited To Explore Their Roots For Exhibition Open Call

Artists Invited To Explore Their Roots For Exhibition Open Call

  • 167 Dune Road, Bridgehampton, NY 11932⁠
Saunders Exclusive: $42,500,000⁠
@jenniferwilsonhamptons 
@edbruehl @leemohlerehamptons 
@hamptonsrealestate 
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Experience extraordinary coastal living with this exquisite oceanfront estate on Dune Road in Bridgehampton. ⁠
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Designed by the renowned architect Francis Fleetwood, this remarkable property boasts 300 feet of private ocean frontage, complete with its own private boardwalk leading directly to the beach, all set on over 3 acres of prime land.⁠
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The charming shingle-style residence encompasses 4,200 +/- sq. ft. of luxurious living space, featuring 5 bedrooms and 5 full bathrooms, plus an additional half bath.⁠
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Read the full article at Hamptons.com (Link in Bio)⁠
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#duneroad #oceanfront #bridgehampton #realestate #hamptons #francisfleetwood ⁠
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  • The Hamptons have seen their fair share of collaborations and takeovers this summer. Still, nothing compares to The h.wood Group and Chase Sapphire Reserve’s transformation of Montauk hotspot Mary Lou’s into Delilah Montauk.⁠
⁠
The four-day takeover combined unforgettable dining experiences with show-stopping live entertainment featuring performances by Zack Bia, Alesso, Gwen Stefani, and DJ Pee.Wee (Anderson Paak). ⁠
⁠
Exclusively for Chase Sapphire Reserve cardholders, diners were treated to white glove hospitality and Delilah’s staples, including the famous chicken tenders and tuna tartare, and bold twists on Hamptons classics like lobster rolls, striped bass crudo, and crab and avocado toast. 

Check out more at Hamptons.com (Link in Bio)

#gwenstefani #alesso #djpeewee #chasesapphirereserve #delilahmontauk #montauk #hamptons
  • LVIS thrift shops are open Tuesdays through Saturdays 10 AM through 5 PM

donations are accepted Wednesday through Saturday 10 AM through 1 PM by appointment 

located at 95 Main St East Hampton
  • Check out the Top Hamptons Events This Weekend!⁠
⁠
🚗 The Bridge IX⁠
📅 Sat, Sept 13 | 2–7PM⁠
📍 The Bridge, Bridgehampton⁠
Over 300 rare automobiles showcased across stunning landscapes.⁠
⁠
🎬 23rd Annual Surf Movie Night⁠
📅 Fri, Sept 12 | 5:30–9PM⁠
📍 Southampton Arts Center⁠
Surfboard swap, live music & outdoor film screening. 🌊⁠
⁠
🍝 San Gennaro Feast of the Hamptons⁠
📅 Sat, Sept 13 – Sun, Sept 14 | 10AM⁠
📍 Hampton Bays⁠
Italian pastries, live entertainment & fireworks Sat @ 8:15PM 🎆⁠
⁠
🎭 In Process: Roderick George⁠
📅 Sat, Sept 13 | 7PM⁠
📍 Guild Hall, East Hampton⁠
A special in-process presentation of The Missing Fruit (Part I).⁠
⁠
🎤 Sheena Easton at WHBPAC⁠
📅 Sat, Sept 13 | 8PM⁠
📍 Westhampton Beach PAC⁠
Grammy-winning artist live on stage!⁠
⁠
☕ Cars & Coffee⁠
📅 Sun, Sept 14 | 9–11AM⁠
📍 Bridgehampton Museum⁠
Classic & exotic cars, food, drinks & live music.⁠
⁠
🛍 Hampton Vintage⁠
📅 Sun, Sept 14 | 10AM–5PM⁠
📍 Westhampton Beach Village Green⁠
Shop unique vintage finds!⁠
⁠
🎶 Hamptons Festival of Music Finale⁠
📅 Sun, Sept 14 | 4PM⁠
📍 St. Luke’s Church, East Hampton⁠
Featuring Cimarosa, Berlioz & Beethoven.⁠
⁠
🍷 Wine Dinner with Pradorey at R.AIRE⁠
📅 Tues, Sept 16 | 6:30PM⁠
📍 Hampton Bays⁠
Five-course tasting menu with exquisite wine pairings.⁠
⁠
🎥 Toy Story 30th Anniversary Screening⁠
📅 Sept 12–15 | Various Times⁠
📍 Southampton Playhouse⁠
Celebrate Woody & Buzz’s timeless adventure!⁠
⁠
Check out more events at Hamptons.com (Link in Bio)⁠
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#carshow #hamptons #sangennaro #sangennarofeast #winedinner #bridgeIX
  • The Animal Rescue Fund of the Hamptons (ARF Hamptons) hosted the Bow Wow Meow Ball in East Hampton. The evening’s honorees, Ellen and Chuck Scarborough, were presented with the Champion of Animals Award, recognizing their more than twenty-five years of support to ARF. ⁠
⁠
Over 400 guests celebrated ARF’s remarkable work with cocktails, followed by dinner catered by Olivier Cheng. Peter Marino, accompanied by his daughter and ARF Board Member Isabelle Trapnell Marino, presented the Scarboroughs with their award. ⁠
⁠
📸: Patrick McMullan/PMC⁠
⁠
Check out the full gallery at Hamptons.com (Link in Bio)⁠
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#arf #bowwowmeowball #hamptons #animalrescuefund #animalrescue
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    • Long Island Aquarium | Coral Reef
    • Long Island Aquarium | Penguins
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