- Miller Samuel Real Estate Appraisers & Consultants - http://www.millersamuel.com -

[Sales Surged] 2Q 2013 Hamptons Sales Report


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

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]]