Log In   ·   Become A Member

Hamptons Real Estate Agency’s Report Shows The Highs And Lows Of The Market

Nicole Barylski

Of the top ten most expensive sales from 2015, seven were oceanfront properties. (Photo: Nicole Barylski)

"Analyzing multi-year home sales statistics brings many trends into clear focus," shared Judi A. Desiderio, Chief Executive Officer of Town & Country. "For Hamptons real estate, the engine that moves us is the financial world of Wall Street."

Of the top ten most expensive sales from 2015, it should come as no surprise that the majority of them were situated by water, according to a report by Town & Country. Nine of the ten properties had a waterfront location, with seven being oceanfront. Four of the homes were in Southampton, two of them in Bridgehampton and East Hampton, and one was in Montauk. But, once again, the priciest purchase was in East Hampton with 226 Further Lane leaving the market for $57.3 million.

Over the past 10 years, the area's median home sale price fluctuated around $900,000, with a low of $849,500 in 2005 and a high of $999,000 in 2007. 2015 came in at $997,500.

"2014 closed nearly $4.7 billion in Hamptons Home Sales," Desiderio noted. And 2015 wasn't far behind with over $4.6 billion in sales. "2013 was a banner year for equity markets, with 30% +/- gains which then took the Jitney directly East to make 2014 THE YEAR for high end sales," Desiderio explained. "Luxury items such as art, yachts and so on all enjoyed the wave." 2005 is still the high water mark for the number of homes sold with 2,544 purchases. 2009 in comparison only saw 1,094 homes closed, and 2015 had 2,163.

Nicole is the Editor-in-Chief of Hamptons.com where she focuses on lifestyle, nightlife, and mixology. She grew up in the Hamptons and currently resides in Water Mill. www.hamptons.com NicoleBarylski NicoleBarylski

Related Articles:

Be the first to comment on this article. (Just fill out the form below)

Submit Your Comment

Please note, you are not currently logged in. Your comment will be submitted as a guest.
To submit your comment as a member, please click here.
Your Name:
* Comments will be reviewed and posted in a timely fashion
* All fields are required
What color is the sky?
(For spam prevention, thanks)
East End Tick Control
The East End's only New York State licensed dedicated tick and mosquito control specialists!

Advertise on Hamptons.com - Have your business be seen by over 2 million viewers including NEW searches
Hamptons.com- Our exclusive online magazine has 2.6 million Page Views YTD for 2015. Contact us to join our elite group of clients that benefit from having a presence on the Hamptons award winning publication www.Hamptons.com

Hamptons Carpet One Floor & Home
We pay less,and so do you.With over 1,000 stores in our buying group, we can get the lowest prices from the best flooring manufacturers — and pass the savings on to you.Visit our other locations: Hamptons Carpet One Floor & Home, 675 North Sea Road,Southampton, NY 11968

Hampton Coffee Company is dedicated to making sure you have the best possible experience with our brand, whether you visit one of our cafés, our Mobile Unit, one of our wholesale partners, order through our website, or purchase our coffee on the supermark
We strongly believe that one of the most important parts of being a successful business in the community is truly becoming a part of it. Hampton Coffee Company is proud to support more than 100 different local charities, schools, and organizations each and every year. It is our pleasure to participate in events that are important to our staff and our customers.

RJD Gallery specializes in contemporary art with a focus on Magical, Figurative Realism, Narrative Portraiture and Urban Landscape.
We exhibit representational artists from around the world, who produce fine art of exceptional quality that challenge collectors to contemplate concepts about the artist, themselves, and our human experience. Utilizing timeless techniques in creating their drawings, paintings and sculptures, our artists have developed unique, signature styles that present a current vision of our world.