Hamptons towns take sale-price rankings hit

Seven of its zip codes cracked nation’s top 100, but five lose ground

Tri-State /
Nov.November 11, 2021 05:19 PM
(iStock)

(iStock)

In the Hamptons, like anywhere else, it’s all relative.

Despite home prices climbing in the ritzy enclave, five of the six towns among the nation’s 40 most expensive fell in the rankings this year, according to Property Shark.

On the plus side, the Hamptons claimed seven of the 100 most expensive zip codes, one more than last year. The new entry was Sag Harbor at No. 69.

The rankings are based on median sale prices through Oct. 22. Atherton, California, remained atop the list for the fifth straight year, with 94027 sporting a median sale price of $7.5 million.

The Hamptons’ Sagaponack clocked in at No. 3, falling one spot as it was passed by Boston’s Back Bay neighborhood. The drop came despite its median sale price rising to $5 million from $3.9 million a year ago. The 11962 zip code was the only one in New York to rank in the nation’s top 10, as Bridgehampton’s 11932 fell to No. 31 from No. 7 because its median sale price sank by 11 percent to just under $3 million.

To be sure, Bridgehampton’s drop may be a random fluctuation, which is more likely with small sample sizes.

Still, a year ago the Hamptons had two zip codes in the top 10 and four in the top 30. Both numbers were cut in half this year.

The Hamptons accounted for six of the 10 most expensive zip codes in New York state. Water Mill’s 11972 was the only one from last year’s national top 40 to rise, jumping to 13th in the nation from No. 29 with a median sale price of more than $3.7 million.

Wainscott’s 11975 dropped 17 spots to No. 34 ($2.75 million median sale price), Amagansett’s 11930 fell five spots to No. 37 ($2.65 million) and Quogue’s 11959 dropped one tick to No. 38 ($2.59 million).

Sag Harbor’s 11963 rounded out the Hamptons entries at No. 69 ($1.9 million).

Among New York zip codes beyond the Hamptons, Old Westbury’s 11568 in Nassau County finished at No. 62 with a median sale price of $1.95 million; it has been called New York’s richest suburb. In Westchester County, Rye’s 10580 finished at No. 72 ($1.86 million) and Purchase’s 10577 was 88th ($1.7 million). Next was another Long Island entry: Manhasset’s 11030 at No. 96 ($1.65 million).

New York City placed six zip codes in the top 100, led by lower Manhattan’s 10013 at No. 22 ($3.2 million). It’s the first time since PropertyShark began its ranking that no New York City zip code finished in the top 20.

According to a Douglas Elliman report by appraisal firm Miller Samuel, Hamptons home prices neared record highs in the third quarter, seeing the year-over-year median price rise by 8.3 percent to $1.3 million. Low supply helped push that up, as only about 1,100 homes were available.





    Related Articles

    arrow_forward_ios
    172 Cedar Street in East Hampton LI (Google Maps)
    Enormous East Hampton equestrian estate sold for $22M
    Enormous East Hampton equestrian estate sold for $22M
    Darien First Selectman Monica McNally and Great Island in Darien, Connecticut (Darien Republicans, Google Maps)
    Fairfield County town nears purchase private island for over $100M
    Fairfield County town nears purchase private island for over $100M
    From left: Oaktree Capital Management co-chairman Howard Mark; Helmut Lang; Hess CEO John Hess; and 8 Tyson Lane in East Hampton, Long Island (Getty Images, Oaktree Capital Management, Google Maps, Hess)
    Helmut Lang finally sells East Hampton estate
    Helmut Lang finally sells East Hampton estate
    Clockwise from top left: Eric and Bridget Elkin, Diane Mollica, Liz and Lisa Gillooly and Sarah Frigo (Compass)
    Compass aims to grow its North Fork agent count fivefold
    Compass aims to grow its North Fork agent count fivefold
    Southampton Village mayor Jesse Warren (Getty Images, iStock, Illustration by Kevin Cifuentes for The Real Deal)
    Southampton Village allows owners to collect summer’s rent upfront
    Southampton Village allows owners to collect summer’s rent upfront
    A photo illustration of charter bus company North Fork Express (left), Tritec Real Estate's planned Ronkonkoma Hub project (middle) and Tritec Real Estate's principal Robert Coughlan (EverybodyWiki/Orenawong, Tritec Real Estate, iStock)
    Holdout threatens massive Long Island development
    Holdout threatens massive Long Island development
    (Top) 1580 Meadow Lane in Southampton NY and (Bottom) 2056 Montauk Highway in Amagansett NY (Zillow)
    A tale of two oceanfront Hamptons homes
    A tale of two oceanfront Hamptons homes
    Charles Cohen of Cohen Brothers Realty Corporation with 975 Anderson Hill Road in Rye Brook, NY (Google Maps, Wikipedia)
    Charles Cohen eyeing Rye Brook redevelopment
    Charles Cohen eyeing Rye Brook redevelopment
    arrow_forward_ios

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

    Loading...