East Hampton Village sales volume up 47 percent in 2012: report

New York /
Jan.January 21, 2013 12:30 PM

Hamptons home sales volume saw gains in 11 of 12 markets tracked by the East End brokerage Town & Country in 2012, according to a report released today by the firm.

East Hampton Village saw the greatest gains during the year, with the number of home sales in the area jumping 47 percent from 47 total home sales in 2011 to 69 in 2013. Those sales raked in a total $362 million last year, compared to $173 million the previous year. East Hampton Village also had the greatest number of home sales over $10 million in 2012, according to the report. Ten of the 33 sales over $10 million in the Hamptons came from East Hampton Village.

Sales volume also increased substantially in Sag Harbor Village, Shelter Island, Westhampton and Montauk, with respective gains of 45.43 percent, 24.2 percent, 29.14 percent and 40.38 percent, the report shows. On the flip side, Hamptons Bays had four fewer home sales in 2012; volume dropped from 158 sales in 2011 to 154 sales in 2012.

Among the largest Hamptons deals of The Year Was An Ocean Road estate in Bridgehampton that was listed for $32.5 million and purchased by Goldman Sachs CEO Lloyd Blankfein. Private equity executive Marc Rowan also sold his Southampton mansion for $28.5 million, it was reported. –Katherine Clarke


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
 9 Olde Towne Lane
Southampton home in exclusive enclave sells for $34.5M
Southampton home in exclusive enclave sells for $34.5M
Hamptons businesses desperate for workers
Hamptons businesses desperate for workers
Hamptons businesses desperate for workers
700 Meadow Lane
Serious buyers only: The 10 priciest new Hamptons listings
Serious buyers only: The 10 priciest new Hamptons listings
Judith Nathan, Rudy Giuliani and 353 Lopers Path in Water Mill (Getty, Google Maps)
Rudy Giuliani’s ex-wife sells Hampton home for $5M
Rudy Giuliani’s ex-wife sells Hampton home for $5M
40 Meadow Lane, Nir Meir and Robert Kraft (Google Maps, HFZ, Getty)
Patriots owner Robert Kraft buys Nir Meir’s Hamptons home for $43M
Patriots owner Robert Kraft buys Nir Meir’s Hamptons home for $43M
David Walentas and 199 Coopers Neck Lane (Getty, Tim Davis)
Developer David Walentas lists Hamptons mansion for $35M
Developer David Walentas lists Hamptons mansion for $35M
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
arrow_forward_ios

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

Loading...