The Hamptons Market Update | Q3 2014

All data in this report is pulled from the Long Island Real Estate Reports.Throughout the Hamptons residential real estate market is defined as the 12 market areas noted on pages 2 and 3.

The Hamptons Market UpdateThird Quarter 2014

THE HAMPTONS BROKERAGES

Bridgehampton Brokerage | t. 631.537.6000

East Hampton Brokerage | t. 631.324.6000

Sag Harbor Brokerage | t. 631.725.6000

Southampton Brokerage | t. 631.283.0600

sothebyshomes.com/hamptons

East Hampton, NY | web: 0046256

http://www.sothebyshomes.com/hamptons

http://www.sothebyshomes.com/hamptons/sales/0046256

SIGNIFICANT SALES | Q3 2014

Market UpdateDramatic increases in median prices continued to be the dominant trend of the Hamptons real estate market during the third quarter of 2014, according to the Long Island Real Estate Report. The overall gain of 30 percent over the same period last year was led by strong performances in Sag Harbor and Bridgehampton at 43 and 23 percent respectively, followed by Southampton and East Hampton at 16 and 13 percent respectively. Changes in total units sold and total dollar volume varied by town and by price point. Total dollar volume gains were posted in the $3 million-to-$5,999,999 and $10 million-and-up ranges. In Southampton, overall total dollar volume rose 22 percent, spurred by a notable 263 percent increase in luxury properties of $10 million and up.

EAST HAMPTON, NY | Last Asking: $1,650,000Sag Harbor Brokerage Michael F. Daly | Associate Broker | 631.613.7205Robert Florio | Licensed Salesperson | 631.613.7206

BRIDGEHAMPTON BROKERAGE | t: 631.537.6000 Debra Reece, VP, Brokerage Manager 2446 Main Street | Bridgehampton, NY 11932

EAST HAMPTON BROKERAGE | t: 631.324.6000John Gicking, VP, Brokerage Manager 6 Main Street | East Hampton, NY 11937

SAG HARBOR BROKERAGE | t: 631.725.6000 Alice H. Bell, SVP, Brokerage ManagerTemporary address same as Southampton Brokerage

SOUTHAMPTON BROKERAGE | t: 631.283.0600Alice H. Bell, SVP, Brokerage Manager50 Nugent Street | Southampton, NY 11968

WATER MILL, NY | Last Asking: Price Upon Request Bridgehampton Brokerage Beate V. Moore | Associate Broker | 631.613.7316

SOUTHAMPTON, NY | Last Asking: $48,000,000Southampton/East Hampton Brokerages Harald Grant | Associate Broker | 631.227.4913Edward R. Petrie I Associate Broker I 631.907.8442

EAST HAMPTON, NY I Last Asking: $24,500,000East Hampton BrokerageEdward R. Petrie I Associate Broker I 631.907.8442Frank E. Newbold I Associate Broker I 631.324.6000

4BRIDGEHAMPTON | EAST HAMPTON | SAG HARBOR | SOUTHAMPTON

SINGLE FAMILY HOMES | Q3 2010 2011 2012 2013 2014 % Change(2014 v 2013)

MEDIAN SELLING PRICE $645,000 $945,000 $820,000 $882,500 $999,000 13%

AVERAGE SELLING PRICE $1,634,450 $1,618,109 $1,688,524 $1,643,240 $1,614,244 -2%

TOTAL UNITS SOLD 93 71 111 164 135 -18%

BRIDGEHAMPTONSagaponackIn the heart of the Hamptons, amid superb beaches and sailing waters, Bridgehampton offers a blend of impressive estates, pastoral farmlands and picturesque wineries. This prestigious equestrian center is home to the Bridgehampton Polo Club, renowned Hampton Classic horse show and numerous riding stables. Bridgehampton’s lovely village offers fine boutiques, antique shops, galleries and restaurants. Cultural attractions include the Dan Flavin Art Institute of the Dia Art Foundation. The famed Atlantic Golf Club features a stunning Rees Jones course.

EAST HAMPTONAmagansett, Montauk, Wainscott Picturesque East Hampton has been deemed America’s most beautiful village, where majestic elm trees, stately homes and old windmills dot the pastoral scenery. Keeping its timeless character, this preservation-minded community offers sophisticated country living with a mix of historic charm and world-class amenities. The arts are a vibrant focus, with noted attractions including Guild Hall and the Hamptons International Film Festival. The fabled Maidstone Club, exquisite ocean beaches and prime sailing waters are highlights of the sporting life.


MEDIAN SELLING PRICE $1,000,000 $2,550,000 $1,600,000 $3,610,000 $4,450,000 23%

AVERAGE SELLING PRICE $2,823,627 $5,847,219 $2,158,769 $4,539,786 $4,796,421 6%

TOTAL UNITS SOLD 13 14 13 28 19 -32%

AVERAGE SALE PRICE | TOTAL SFH SOLD | Q3


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MEDIAN SELLING PRICE $1,116,700 $1,700,000 $999,500 $1,255,000 $1,460,000 16%


TOTAL UNITS SOLD 65 63 103 114 87 -24%

SAG HARBORNorth Haven, NoyackSteeped in maritime history, Sag Harbor was once a busy whaling port, now a beautifully preserved village in an enchanting setting that makes it a popular retreat for artists and writers. Residing along shady streets, its gracious homes feature many fine examples of 18th- and 19th-century architecture, some formerly the residences of sea captains. Lined with wonderful shops and restaurants, Main Street stretches down to the spectacular yacht-filled bay. Other attractions include lovely beaches, the Bay Street Theatre and landmark American Hotel.

SOUTHAMPTONNorth Sea, Water Mill Endowed with miles of pristine beaches and excellent sailing waters, historic Southampton is an international resort destination famous for its hedged estates nestled in a bucolic seaside landscape. Select shops, galleries and restaurants line the quaint village streets. Home to the acclaimed Parrish Art Museum and Southampton Cultural Center, Southampton hosts an active calendar of cultural and social events. World-class golfing is available at the top-ranked courses of the landmark Shinnecock Hills Golf Club, Sebonack Golf Club and National Golf Links.


MEDIAN SELLING PRICE $950,000 $925,000 $1,035,000 $858,500 $1,227,050 43%


TOTAL UNITS SOLD 21 23 29 50 41 -18%



6BRIDGEHAMPTON | EAST HAMPTON | SAG HARBOR | SOUTHAMPTON

AVERAGE SELLING PRICE

SALES BY TOTAL DOLLAR VOLUME

PRICE RANGE 2010 2011 2012 2013 2014 % CHANGE(2014 v 2013)

% CHANGE(2014 v 2010)

Up to $999,000 68,419,230 53,624,223 90,475,895 119,397,940 78,977,726 -34% 15%

$1M - $2.99M 86,631,114 108,344,762 156,001,522 206,124,729 180,693,655 -12% 109%

$3M - $5.99M 46,750,000 63,279,000 100,044,650 125,728,800 147,478,950 17% 215%

$6M - $9.99M 29,880,000 70,248,170 9,726,500 90,470,000 76,150,000 -16% 155%

$10M and up 106,361,595 95,400,000 69,037,000 150,417,500 168,764,000 12% 59%

TOTAL 338,041,939 390,896,155 425,285,567 692,138,969 652,064,331 -6% 93%

20142013

ALL HAMPTONS | 5 Years | Q3 Comparison

Up to $999,000 $1M-$2.99M $3M-$5.99M $6M-$9.99M $10M and up

7 sothebyshomes.com/hamptons

TOTAL UNITS SOLD

PRICE RANGE 2010 2011 2012 2013 2014 % CHANGE(2014 v 2013)

% CHANGE(2014 v 2010)

UP TO $999,000 116 80 140 182 120 -34% 3%

$1M - $2.99M 52 60 85 123 105 -15% 102%

$3M - $5.99M 13 16 25 31 38 23% 192%

$6M - $9.99M 4 9 1 11 10 -9% 150%

$10M AND UP 7 6 5 9 9 0% 29%

TOTAL 192 171 256 356 282 -21% 47%

20142013

MEDIAN SELLING PRICES

ALL HAMPTONS | 5 Years | Q3 Comparison

Up to $999,000 $1M-$2.99M $3M-$5.99M $6M-$9.99M $10M and up

BRIDGEHAMPTON SOUTH, NY

Web ID: 0037623 | $16,900,000

Bridgehampton Brokerage

Beate V. Moore | Associate Broker | 631.613.7316

816MecoxRoad.com

WATER MILL, NY

Web ID: 0056504 | $38,500,000

Southampton Brokerage

Harald Grant | Associate Broker | 631.227.4913

EAST HAMPTON, NY

Web ID: 0046425 I $27,500,000

East Hampton Brokerage

Edward R. Petrie | Associate Broker | 631.907.8442

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The Hamptons Market Update | Q3 2014

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