Archive for January, 2018

Hamptons Real Estate 4th Quarter 2017 Home Sales Report

Tuesday, January 23rd, 2018

The Hamptons real estate markets closed out the year with a BANG for 2017!

All Hamptons Markets Combined clearly proves 2017 blew 2016 away in the last 3 months year over year. There were 105 more homes, or 36% jump in Number of Home Sales and nearly 43% more Total Home Sales Volume. No doubt the East End towns are celebrating the inflow to their CPF (Community Preservation Fund) coffers.

Digging deeper into the statistics and you will see East Hampton Village and Southampton Village once again prove their blue chip status. East Hampton Village statistically logged the greatest increases for both the Number of Home Sales and Total Home Sales Volume (+181%) with a staggering $4,000,000 Median Home Sales Price, which was eclipsed only by Southampton Village which produced a Median Home Sales Price of $4,292,500! Impressive! Southampton Village closed over $145 million dollars in the last 3 months of 2017.

Another top performing market was East Hampton Area (includes Wainscott), closing 92 Home Sales in the 4th Quarter 2017.

All in all 11 of the 12 HAMPTONS markets monitored by TOWN & COUNTRY realized increases or the same Number of Home Sales and 10 of the 12 saw gains in Total Home Sales Volume. A fine way to close out the year.

To view all reports visit http://www.townandcountryhamptons.com/html/marketReports.php

North Fork Real Estate 4th Quarter 2017 Home Sales Report

Tuesday, January 23rd, 2018

The last three months of 2017 were very strong for North Fork Home Sales. With the Number of Home Sales up nearly 20%, from 92 to 110 year over year, and Total Home Sales Volume up 13%, there’s much to cheer about!

Looking further at All North Fork Markets Combined and we see the greatest statistical jump was in the $1-$1.99M price range which exploded by 71.4%. All told though 97 of the 110 Home Sales occurred under a million and the Median Home Sales Price for the 3rd Q 2017 was 531,500, slightly higher than 2016 same quarter.

Delving deeper into the statistics and you clearly see Southold (which includes New Suffolk and Peconic) is the best in class with a staggering 62% more in Number of Home Sales and 54% greater Total Home Sales Volume 2017 compared to 2016, 4th quarter, yet Median Home Sales Price remained relatively stable.

Jamesport (which includes Aquebogue, Baiting Hollow and South Jamesport) performed incredibly well with 42% more Home Sales and 42% greater Total Home Sales Volume with the Median Home Sales Price up 23%!

Mattituck (which includes Laurel and Cutchogue) had the highest Median Home Sales Price of $595,000.

Conversely Orient (which includes East Marion and Greenport) was a bit of an anchor with 13% fewer Home Sales and a 23% drop in Total Home Sales Volume.

All in all the North Fork markets are gaining momentum. At TOWN & COUNTRY our North Fork offices are seeing the most sales activity in over the past 12 years!

To view all reports visit http://www.townandcountryhamptons.com/html/marketReports.php

Westhampton Beach Market Share – Deals For 2017

Thursday, January 11th, 2018

Based upon MLS statistics this report represents listings under contract from January 1, 2017 through January 1, 2018 in the areas of East Quogue, Quogue, Remsenburg, Westhampton, Westhampton Beach, and Westhampton Dunes.