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[Sales Surged] 2Q 2013 Hamptons Sales Report

Posted By Jonathan Miller On July 26, 2013 @ 11:05 am In Douglas Elliman,Elliman Reports,Hamptons/North Fork | Comments Disabled

[1]

Douglas Elliman published the market report we prepared on the Hamptons sales market for 2Q 2013 [2].

This is part of an evolving market report series I’ve been writing for Douglas Elliman [3] since 1994.

Key Points

  • Highest number of second quarter sales since 2006.
  • Listing inventory continued to fall.
  • Second highest median sales price in 5 years.
  • Sales above $5M slipped, but overall gain in sales above $1M expanded.
  • Despite jump in sales, would likely have been more without 2012 year end “fiscal cliff” rush.

Here’s an excerpt from the 2Q 2013 report:

…Like the prior quarter, there were fewer highend transactions, fallout from the year-end rush to close before the expiration of the “fiscal cliff” deadline for tax planning purposes. Although the number of sales at or above $5M fell by 13.2% to 33, the number of sales over $1M actually expanded by 4% to 44.7% over the same period reflecting a more active “trade-up” or upper middle market than last year. As a result of this skew, the overall average sales price fell by 1.6% to $1,696,879, yet the median sales price increased 8.2% to $920,000, the second highest median sales price in 5 years, second only to $937,500 reached in the second quarter two years ago…

You can build your own custom data tables [4] on the market – now updated with 2Q 13 data. Check out the charts by browsing in our chart library [5].


The Elliman Report: 2Q 2013 Hamptons Sales [Miller Samuel [6]]
The Elliman Report: 2Q 2013 Hamptons Sales [Douglas Elliman [2]]
Market Chart Library [Miller Samuel [7]]
Aggregated Custom Market Data Tables [Miller Samuel [4]]


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URLs in this post:

[1] Image: http://www.millersamuel.com/files/2013/07/Hamptons_2Q_2013.jpg

[2] Hamptons sales market for 2Q 2013: http://www.elliman.com/reports-and-guides/reports/long-island-the-hamptons-and-north-fork/2q-2013-hamptons-sales/6-442

[3] Douglas Elliman: http://www.elliman.com/marketreports/

[4] build your own custom data tables: http://aggregate-data.millersamuel.com/

[5] browsing in our chart library: http://www.millersamuel.com/charts-category/hnf-market-charts

[6] Miller Samuel: http://www.millersamuel.com/reports/elliman-report-hamptons-sales-2q-2013

[7] Miller Samuel: http://www.millersamuel.com/browse-all-charts

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