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


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