It was a remarkable year for Hamptons Real Estate, particularly the high end as evidenced by 19 home sales $20 million or more. This was a 138% leap over 2013. Last year, 8 home shared that elite status, this year in Bridgehampton (which includes Water Mill and Sagaponack) there were 5 in the last quarter alone. An amazing statistic.
But let’s take a look at the remaining 99% of the Home Sales for 2014.
Amagansett statistically saw the greatest leap in the Number of Home Sales with 27% more. In fact, our sweet and sophisticated hamlet of Amagansett had a great year with a staggering 63.4% increase in Total Home Sales Volume and a Median Home Sales Price for the year of $2 million — nearly 10% higher than last year
Sag Harbor was another jewel in the crown posting 20% more Home Sales, a 64% increase in Total Home Sales Volume and 18% higher Median Home Sales Price. A good year at the Harbor!
Westhampton (which includes Remsenburg, Westhampton Beach, East Quogue, Quogue and Quiogue) closed 374 homes or 21% more sales than in 2013.
The Montauk market may look like it is softening but that’s not at all the case. Here’s where boots on the floor tell the real story — TOWN & COUNTRY Montauk Associates report it is simply a lack of inventory, that’s the issue.
Bridgehampton (which includes Water Mill and Sagaponack) almost hit the elusive billion dollar Total Home Sales Volume threshold with $975,741,467 trading hands.
Viewing All Hamptons Markets Combined and the year 2014 showed significant gains in all 3 criteria monitored by TOWN & COUNTRY, with the high end adding a turbo boost.
Judi A. Desiderio, Chief Executive Officer
631.324.8080 ext. 221