Prime oceanfront real estate in the Hamptons will cost a buyer a pretty penny. (Photo: Nicole Barylski)
The Hamptons real estate market is showing no signs of slowing down.
The average price for a home in the Hamptons has reached an all-time high, up 15.6 percent to $2,389,499, according to a report by Douglas Elliman Real Estate and appraiser Miller Samuel Inc., which also states that a record number of houses were purchased for over $5 million and over $10 million within the fourth quarter.
"After a lull in high end sales over the past several quarters, Hamptons high end sales activity snapped back in contrast to other housing markets in the region, especially above the $5 million threshold," explained Jonathan J. Miller, President and CEO of Miller Samuel Inc.
The median price on the North Fork was also on the rise, and was measured at its highest level since the financial crisis began. The median price, which rose 14.2 percent to $522,500, increased year over year for the seventh quarter in a row. The North Fork real estate market saw a 40 percent increase in sales falling between $1 million and $2 million, but overall, the number of sales fell 19.6 percent to 180.
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
Paul Guillo And Chris Hall
Two Of The Most Respected Names In The Community
Together, they are partners in CP Complete. They bring their years of experience
and integrity to creating and renovating luxury backyards.
Hamptons luxury real estate specialist for 34 years, Andrea Ackerman offers outstanding expertise in the field. Trusted, experienced and successful, Andrea has solidified herself as the go-to broker of the Hamptons and a wholehearted advocate for her clients. A pioneer in the real estate industry on the East End of Long Island, she is driven by her passion for the business. Andrea is based in the Bridgehampton office of Brown Harris Stevens as a licensed real estate associate broker and consultant.
Formerly, a principal partner and Senior Director at Brown Harris Stevens, Andrea now assists in developing their corporate strategy for the Hamptons region, advising other brokers and sales associates, as well as being one of the top producers and listors.
Southrifty Drug is a small, neighborhood pharmacy with limited shelf space, and we have to be very selective about which over-the-counter items we carry. As a result you'll find a no nonsense concentration of very effective, high quality and useful products on our shelves. In this new section, we feature a number of these products that we feel are especially worthy of your consideration.
Burner Law Group, P.C. are full service elder law attorneys concentrating in the areas of Estate Planning, Trust and Estate Administration and Litigation, Special Needs Planning, Guardianship and Elder Law. Offices in East Setauket‚ NY, Westhampton Beach, NY, and New York, NY.
Our menu focuses on seafood and Greek dishes such as salt baked fish, seafood pasta and Mediterranean mezze. Our wine list has been awarded The Award of Excellence from Wine Spectator and boasts the largest selection of rosé in the Hamptons. The name Calissa is derived from the brightest constellation in the summer sky.Our sister restaurants in New York are Amali and Bar Marseille, opening 2020 in the Rockaways. Calissa offers private dining spaces for groups from 10 to 300 people. To plan your next wedding, corporate event or gathering, please email email@example.com. 1020 MONTAUK HIGHWAY, WATER MILL
Suburban Propane has been serving the energy needs for home owners and business in the Hampton’s for decades. We offer friendly service by local professionals you know and trust, plus the peace of mind that comes from knowing we are among the leaders in the industry for safety.
We build client revenues and reputations.
Our reputation is built on delivering a strong media presence and, as a result, demand for our clients' offerings, resulting in a positive impact on sales. Successful campaigns start with understanding the goals of our clients and developing a customized strategy that will achieve those objectives.