Southampton home prices jump, rest of East End displays traction

New York /
Jul.July 15, 2011 06:05 PM

Southampton village home sales prices have outperformed prices in all other Hamptons markets, hitting a median price of $2.995 million, according to a second-quarter, market-wide home sales report by Hamptons brokerage Town & Country released today (see report below).

For Southampton, that’s a 41 percent jump from $2.125 million in the second quarter of 2010. Of the total sales, there were six of $5 million or more compared to three such sales in second-quarter 2010. There was also a 135 percent gain in total sales volume for the town, to $144.4 million in 2011 from $61.5 million in the second quarter of 2010.

The other 10 markets monitored by Town & Country display different degrees of growth or stability. Amagansett posted a 24 percent gain in home sales and a nearly 13 percent increase in median price, to $1.875 million in the second quarter of 2011 from $1.66 million in the same period in 2010.

Westhampton experienced an 8 percent drop in home sales, to 54 from 59 home sales, but saw an increase in median price to $952,000 from $900,000.

Hamptons Bays is the only Hamptons market still struggling, according to the report. The number of home sales dropped to 34, from 36 in the second quarter of 2010. The median home sales price also dropped to $376,000 from $405,000. — Katherine Clarke
1310758066HamptonsQ2 2011 SalesReport-Site


Related Articles

arrow_forward_ios
Robert Futterman charged with DUI in Hamptons car crash

Robert Futterman charged with DUI in Hamptons car crash

Robert Futterman charged with DUI in Hamptons car crash
Kyle Barisich (iStock)

Break a leg: Broadway actor turns Hamptons broker

Break a leg: Broadway actor turns Hamptons broker
(iStock)

Evidence mounts that high-end sales powered pandemic market

Evidence mounts that high-end sales powered pandemic market
A new report finds that Hamptons prices skyrocketed as demand outpaced supply this year (iStock)

Report details Hamptons rental boom

Report details Hamptons rental boom
Ron Perelman and his estate in the Hamptons (Getty; Google Maps)

Ron Perelman mulls listing Hamptons estate for $180M

Ron Perelman mulls listing Hamptons estate for $180M
Renters continue their tri-state bookings, eliminating the post-Labor Day slowdown (iStock)

In Hamptons and elsewhere, season no longer ends on Labor Day

In Hamptons and elsewhere, season no longer ends on Labor Day
32 Windmill Lane and Andrew Saunders (Realtor)

Hefty prices, robust sales: Hamptons market thrives in Q2

Hefty prices, robust sales: Hamptons market thrives in Q2
Chopper ride-sharing services are seeing increased demand for Hamptons helicopter route as wealthy New Yorkers book commutes to Manhattan (Illustration by The Real Deal; iStock)

Chopper rides from Hamptons fly off the shelves as Covid changes plans

Chopper rides from Hamptons fly off the shelves as Covid changes plans
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...