HAM PTON S+NORTH FORK M A R K E T R E P O R T Y E A R E N D 2 0 1 7 Based Upon Data Available as of January 19, 2018
DATA HIGHLIGHTS: 2017 The total number of 2017 South Fork sales increased +10.4% compared to 2016 (2,150 in 2017 vs. 1,947 in 2016), and the total dollar volume rose +9.2% $3.92B to. The average sales price in the Hamptons remained nearly the same as 2016 (-1.1%), at $1,824,554 and the median price rose 4% to$988,000. 16 Palma Terrace, East Hampton. Halstead.com Web# 33491 Of the 41 sales over 2017, 14 $10M on the East End in The number of sales on the North Fork rose 4.5% to 938 in were in Southampton Village. 2017, while total dollar volume 34.7% of all sales on the South Fork in 2017 were between $500,000 and $1,000,000. increased +9.6% to $514,208,721. 74 Hampton Road, Amagansett Halstead.com Web# 40531 Data for this report is sourced from The Long Island Real Estate Report. Cover Property: 34 Longview Road, Southampton. Halstead.com Web# 33696
THE HAMPTONS AVERAGE AND MEDIAN SALE PRICE $1,944,603 $1,844,208 $975,000 $850,000 $1,824,554 $899,500 NUMBER OF SALES 2,134 1,947 2,150 $2,000,000 2,000 $1,500,000 1,500 $1,000,000 1,000 $500,000 500 2015 2016 2017 2015 2016 2017 Average Price Median Price Number of Sales NORTH FORK AVERAGE AND MEDIAN SALE PRICE $531.803 $522.391 $425,000 $425,000 $548,197 $440,500 NUMBER OF SALES 784 898 938 $600,000 1,000 $500,000 750 $400,000 500 $300,000 250 2015 2016 2017 2015 2016 2017 Average Price Median Price Number of Sales Halstead 3
PERCENT OF HAMPTONS SALES BY MARKET AREA 2017 10.6% 217 SALES 5% 103 SALES 25.3% 518 SALES 8.6% 177 SALES 30.3% 621 SALES 20.1% 411 SALES AMAGANSETT/MONTAUK BRIDGEHAMPTON AREA Includes Bridgehampton, Sagaponack and Wainscott EAST HAMPTON Includes East Hampton and East Hampton Village SAG HARBOR AREA Includes North Haven, Noyac, Sag Harbor and Sag Harbor Village SOUTHAMPTON AREA Includes North Sea, Southampton, Southampton Village and Water Mill WESTHAMPTON AREA Includes East Quogue, Hampton Bays, Quogue, Quogue Village, Remsenburg, Speonk, Westhampton, Westhampton Beach, Westhampton Beach Village, Westhampton Dunes Halstead 4
THE HAMPTONS LONG-TERM TRENDS 2000-2017 DOLLAR VOLUME DOLLAR VOLUME IN MILLIONS 5,000 1,864 1,449 1,975 2,230 3,284 3,576 3,288 3,743 2,294 1,878 2,676 2,477 3,451 3,590 4,415 4,149 3,591 3,923 4,000 3,000 2,000 1,000 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Dollar Volume (Millions) Halstead 5
THE HAMPTONS LONG-TERM TRENDS 2000-2017 AVERAGE AND MEDIAN PRICES AVERAGE AND MEDIAN SALE PRICE $643K $703K $777K $917K $1.14M $1.43M $1.71M $1.89M $1.89M $1.63M $1.65M $1.73M $1.87M $1.73M $1.95M $1.98M $1.84M $1.82M $2,000,000 $377K $399K $495K $595K $733K $850K $935K $999K $950K $900K $900K $905K $910K $885K $975K $987K $950K $988K $1,600,000 $1,200,000 $800,000 $400,000 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Average Price Median Price Halstead 6
THE HAMPTONS LONG-TERM TRENDS 2000-2017 NUMBER OF SALES TOTAL NUMBER OF SALES 3,000 2,896 2,059 2,541 2,430 2,873 2,508 1,922 1,970 1,208 1,154 1,625 1,428 1,846 2,100 2,232 2,134 1,947 2,150 2,500 2,000 1,500 1,000 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Number of Sales Halstead 7
SOUTH FORK SINGLE-FAMILY HOMES AMAGANSETT 2015 $1,985,000 $2,512,283 85 2016 $1,784,225 $2,855,569 66 2017 $1,800,000 $2,605,982 71 BRIDGEHAMPTON 2015 $3,000,000 $4,627,304 116 2016 $2,200,000 $4,236,454 77 2017 $2,160,750 $3,045,477 84 75% of the individual towns saw increases or stable numbers of sales in 2017. EAST HAMPTON 2015 $859,000 $1,190,991 395 2016 $850,000 $1,124,745 369 2017 $900,000 $1,182,306 448 EAST HAMPTON VILLAGE 2015 $3,550,000 $5,604,971 64 2016 $2,400,000 $6,401,012 53 2017 $3,100,000 $4,988,611 57 Wainscott (-38.1%) and North Haven (-14.7%) experienced the largest decline in the number of sales. Sag Harbor Village and Sagaponack also saw decreases in total sales. EAST QUOGUE 2015 $581,250 $744,440 88 2016 $550,046 $659,816 92 2017 $590,000 $649,262 122 MONTAUK 2015 $987,500 $1,488,454 98 2016 $1,012,000 $1,449,442 90 2017 $999,500 $1,473,554 106 HAMPTON BAYS 2015 $410,000 $523,605 225 2016 $420,000 $512,384 241 2017 $476,250 $574,707 244 NORTH HAVEN 2015 $1,415,000 $2,004,362 34 2016 $2,475,000 $4,151,416 34 2017 $1,900,000 $2,655,396 29 Halstead 8
SOUTH FORK SINGLE-FAMILY HOMES QUOGUE VILLAGE 2015 $1,775,000 $2,313,148 61 2016 $1,825,000 $2,689,870 41 2017 $2,250,000 $2,257,155 53 REMSENBURG 2015 $820,000 $1,343,604 37 2016 $875,000 $1,413,833 39 2017 $800,000 $889,261 39 The Westhampton Area had the highest number of sales with 621 SAG HARBOR 2015 $881,500 $1,072,846 110 2016 $922,558 $1,269,962 110 2017 $1,239,541 $1,527,122 111 SAG HARBOR VILLAGE 2015 $1,200,000 $1,768,455 77 2016 $1,437,500 $1,939,420 82 2017 $1,500,000 $1,988,777 77 (30.3% of total sales), followed by the East Hampton Area with 518 sales (25.3% of the total). SAGAPONACK 2015 $4,387,500 $5,562,011 28 2016 $2,410,000 $4,119,828 22 2017 $5,750,000 $7,374,526 19 SHELTER ISLAND 2015 $775,000 $1,098,573 75 2016 $920,000 $1,297,276 85 2017 $820,000 $1,302,284 75 SOUTHAMPTON 2015 $800,000 $1,237,334 229 2016 $875,000 $1,496,428 189 2017 $950,000 $1,261,352 223 SOUTHAMPTON VILLAGE 2015 $2,400,000 $4,588,256 119 2016 $2,350,000 $4,339,666 85 2017 $2,800,000 $5,419,955 101 Halstead 9
SOUTH FORK SINGLE-FAMILY HOMES WAINSCOTT 2015 $1,810,000 $3,229,240 25 2016 $1,760,000 $3,604,333 21 2017 $2,400,000 $2,801,346 13 WATER MILL 2015 $2,640,000 $3,578,065 99 2016 $2,750,000 $3,895,651 73 2017 $3,175,000 $4,326,868 87 Quogue and East Quogue saw the largest increases in the number of sales, with a 29.3% and 32.6% rise respectively. WESTHAMPTON 2015 $808,500 $1,069,091 42 2016 $700,000 $848,876 55 2017 $820,000 $1,114,229 56 WESTHAMPTON BEACH VILLAGE 2015 $1,250,000 $1,703,891 61 2016 $1,050,000 $1,496,319 55 2017 $1,087,500 $1,768,211 60 WESTHAMPTON BEACH 2015 $770,000 $1,217,918 30 2016 $515,000 $733,551 30 2017 $600,500 $1,233,739 36 WESTHAMPTON DUNES 2015 $2,499,000 $2,476,063 11 2016 $2,070,000 $2,204,963 12 2017 $2,025,000 $2,295,909 11 Halstead 10
PERCENT OF HAMPTONS SALES BY PRICE 2017 HAMPTONS EAST OF THE SHINNECOCK CANAL >3M-5M 9.7% 148 SALES >2M-3M 11.2% 170 SALES >5M-10M 5.7% 87 SALES >10M 2.6% 40 SALES 0 to 500K 9.2% 140 SALES >500K-1M 33.4% 509 SALES 0 to 500K >500K-1M >1M- 2M >2M-3M >3M-5M >5M - 10M >10M HAMPTONS WEST OF THE SHINNECOCK CANAL >2M-3M 4.8% 30 SALES >3M-5M 4.6% 29 SALES >5M-10M 1.1% 7 SALES >10M 0.2% 1 SALE >1M-2M 28.1% 428 SALES >1M-2M 14.2% 89 SALES 0 to 500K 37.4% 235 SALES 0 to 500K >500K-1M >1M-2M >2M-3M >3M-5M >5M-10M >500K-1M 37.7% 237 SALES Halstead 11
HAMPTONS DOLLAR VOLUME BY AREA 2017 $341M $396M $850M $400M $1.2B $612M $150M $300M $450M $600M $750M $1B $1.15B $1.3B 16.1% 9% 10.4% 31.7% 22.4% 10.5% Halstead 12
NORTH FORK SINGLE-FAMILY HOMES AQUEBOGUE 2015 $415,000 $453,556 53 2016 $408,000 $432,287 48 2017 $414,000 $461,527 41 BAITING HOLLOW 2015 $369,993 $337,447 19 2016 $410,000 $426,116 31 2017 $431,500 $458,876 36 The average sales price for 2017 on the North Fork rose +4.9% compared to 2016, to $548,197. CUTCHOGUE 2015 $550,000 $677,278 68 2016 $615,000 $759,108 83 2017 $602,100 $869,873 66 EAST MARION 2015 $522,500 $693,161 28 2016 $571,250 $731,971 24 2017 $540,000 $559,628 16 GREENPORT GREENPORT VILLAGE 92% of sales on the North Fork in 2017 were under $1M. 2015 $455,000 $501,558 32 2016 $412,900 $573,100 40 2017 $481,500 $580,263 34 2015 $445,000 $458,587 29 2016 $535,000 $543,765 31 2017 $490,000 $549,524 29 JAMESPORT 2015 $429,500 $480,259 22 2016 $438,500 $522,193 29 2017 $427,500 $450,422 31 LAUREL 2015 $495,000 $689,821 22 2016 $450,500 $646,436 25 2017 $490,000 $685,577 21 Halstead 13
NORTH FORK SINGLE-FAMILY HOMES MANORVILLE 2015 $285,000 $285,000 2 2016 $310,000 $310,000 1 2017 $348,284 $332,095 3 MATTITUCK 2015 $470,000 $591,791 82 2016 $445,000 $613,141 77 2017 $545,000 $729,206 86 The median price for 2017 on the North Fork rose +3.6% compared to 2016, to $440,500. NEW SUFFOLK 2015 $828,750 $2,026,375 4 2016 $608,000 $552,000 4 2017 $657,500 $724,000 6 PECONIC 2015 $570,000 $1,765,389 9 2016 $780,000 $729,393 15 2017 $661,750 $945,305 20 ORIENT 2015 $800,000 $934,757 27 2016 $732,000 $862,630 27 2017 $799,000 $861,212 25 RIVERHEAD 2015 $269,250 $300,944 146 2016 $280,000 $339,072 174 2017 $300,000 $342,287 195 SOUTH JAMESPORT 2015 $595,666 $669,583 7 2016 $470,000 $437,250 6 2017 $593,750 $710,538 8 SOUTHOLD 2015 $475,895 $600,201 135 2016 $496,250 $602,374 130 2017 $550,000 $632,868 173 Halstead 14
Toilsome Lane, East Hampton Halstead.com WEB# 34991 NORTH FORK SINGLE-FAMILY HOMES 2017 PRICE BREAKDOWN 1 14 61 NUMBER OF SALES: FIVE-YEAR COMPARISON 61 233 274 294 300 1,200 250 1,000 200 800 150 600 100 400 50 200 >5M >2M -5M >1M -2M >750K -1M >500-700K >350-500K 0-350K Number of Sales For this report North Fork Area consists of Aquebogue, Baiting Hollow, Calverton, Cutchogue, East Marion, Greenport, Greenport Village, Jamesport, Laurel, Manorville, Mattituck, New Suffolk, Orient, Peconic, Riverhead, South Jamesport, Southold, Wading River 708 701 784 898 938 2013 2014 2015 2016 2017 Number of Sales Halstead 15
OFFICES HAMPTONS EAST HAMPTON 2 Newtown Lane East Hampton, NY 11937 631.324.6100 SOUTHAMPTON 31 Main Street Southampton, NY 11968 631.283.2883 MANHATTAN PARK AVENUE 499 Park Avenue New York, NY 10022 212.734.0010 EAST SIDE 770 Lexington Avenue New York, NY 10065 212.317.7800 WEST SIDE 408 Columbus Avenue New York, NY 10024 212.769.3000 VILLAGE 831 Broadway New York, NY 10003 212.381.6500 SOHO 451 West Broadway New York, NY 10012 212.381.4200 HARLEM 2169 Frederick Douglass Boulevard New York, NY 10026 212.381.2570 WASHINGTON HEIGHTS 819 West 187th Street New York, NY 10033 212.381.2452 BRONX RIVERDALE JOHNSON 3531 Johnson Avenue Riverdale, NY 10463 718.878.1700 RIVERDALE MOSHOLU 5626 Mosholu Avenue Riverdale, NY 10471 718.549.4116 BROOKLYN BROOKLYN HEIGHTS 122 Montague Street Brooklyn, NY 11201 718.613.2000 NORTH SLOPE 76 Seventh Avenue Brooklyn, NY 11217 718.399.2222 PARK SLOPE 160 7th Avenue Brooklyn, NY 11215 718.878.1960 COBBLE HILL 162 Court Street Brooklyn, NY 11201 718.613.2020 BEDFORD STUYVESANT 316 Stuyvesant Avenue Brooklyn, NY 11233 718.613.2800 BEDFORD STUYVESANT 1191 Bedford Avenue Brooklyn, NY 11216 N/A SOUTH SLOPE 1214 8th Avenue Brooklyn, NY 11215 718.878.1888 FORT GREENE 725 Fulton Street Brooklyn, NY 1127 718.613.2800 HUDSON VALLEY HUDSON 526 Warren Street Hudson, NY 12534 518.828.0181 CONNECTICUT DARIEN 671 Boston Post Road Darien, CT 06820 203.655.1418 NEW CANAAN - ELM STREET 183 Elm Street New Canaan, CT 06840 203.966.7800 NEW CANAAN - SOUTH AVENUE 6 South Avenue New Canaan, CT 06840 203,966.7772 ROWAYTON 140 Rowayton Avenue Rowayton, CT 06853 203.655.1418 GREENWICH 125 Mason Street Greenwich, CT 06830 203.869.8100 STAMFORD 1099 High Ridge Road Stamford, CT 06905 203.329.8801 WESTPORT 379 Post Road East Westport, CT 06880 203.221.0666 WILTON 21 River Road Wilton, CT 06897 203.762.8118 QUEENS LONG ISLAND CITY 47-12 Vernon Boulevard Queens, NY 1110 718.878.1800 FOREST HILLS 108-23 Ascan Avenue Forest Hills, NY 11375 Main #: 718-520-0303 NEW JERSEY HOBOKEN 200 Washington Street Hoboken, NJ 07030 201.478.6700 MONTCLAIR 635 Valley Road, Montclair, NJ 07030 973.744.6033 CORPORATE COMMERCIAL SALES 770 Lexington Avenue New York, NY 10065 212.381.3208 DEVELOPMENT MARKETING 445 Park Avenue New York, NY 10022 212.521.5703 GLOBAL SERVICES 770 Lexington Avenue New York, NY 10065 212. 381.6521 MANAGEMENT COMPANY 770 Lexington Avenue, 7th floor New York, NY, 10065 212.508.7272 Prepared by Lisa Rae Castrigno, SVP of Research. 2017 by Halstead Property, LLC. All Rights Reserved. This information may not be copied, commercially used or distributed without Halstead s prior consent. While information is believed true, no guaranty is made of accuracy. Visit halstead.com for access to all of our reports, listings, neighborhood information and more.