Hamptons residential sales up in 1Q

New York /
Apr.April 16, 2012 03:30 PM

Closing out an active winter season, Hamptons sales prices and volume were up in the first quarter of 2012 compared with sales at this time last year, according to a report from East End brokerage Town & Country. Across all Hamptons markets, sales volume increased by 30 percent, to more than $394 million from $303.7 million in the first quarter of 2011, the report shows. The number of sales was up 18 percent, to 257 from 217 in the same period a year earlier, and the median sale price was up to $817,500, from $775,000.

The largest increases in sales were in the under $500,000 price range, which saw a 49 percent increase in sales, to 73 from 49 year-over-year, and the $3.5 million to $4.99 million range, which saw 15 sales, up from nine in first quarter 2011– an increase of 67 percent.

The Sag Harbor area saw “eye-popping increases,” the report says, with a 95 percent increase in total sales volume, up to $13.7 million, from $7.1 million, and a 68 percent increase in median sales price year-over-year, up to $1.6 million from $950,000. — Guelda Voien


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
This energy efficient house has 6 bedrooms and sits on 3.2 acres. (Compass)
First Hamptons passive house on market asks $4.5M
First Hamptons passive house on market asks $4.5M
(Getty, iStock)
Buyers hunt Hamptons, North Fork homes — often in vain
Buyers hunt Hamptons, North Fork homes — often in vain
Philip Falcone and his homes at 142 Crestview Lane in Sagaponack and 22 East 67th Street (Getty, Corcoran, Google Maps)
Phil Falcone files appeal halting foreclosure of UES, Hamptons homes
Phil Falcone files appeal halting foreclosure of UES, Hamptons homes
Solow Building Company chairman Stefan Soloviev, CEO Michael J. Hershman and vice chairman Hayden Soloviev (Solow Residential, Fairfax, LinkedIn)
Stefan Soloviev, Sheldon Solow’s son, reorganizes family firm
Stefan Soloviev, Sheldon Solow’s son, reorganizes family firm
Philip Falcone and his homes at 142 Crestview Lane in Sagaponack and  22 East 67th Street (Getty, Corcoran, Google Maps)
Foreclosure on Phil Falcone’s homes can move forward
Foreclosure on Phil Falcone’s homes can move forward
90 Jule Pond Drive (Sotheby’s International Realty)
Hamptons estate asking $145M under contract, may set record
Hamptons estate asking $145M under contract, may set record
90 Jule Pond Drive is on t he market for $145 million (Sotheby’s International Realty)
$145M Hamptons estate languishes on market amid surging demand
$145M Hamptons estate languishes on market amid surging demand
arrow_forward_ios

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

Loading...