The Summer of 2020 will go down in the Hamptons Real Estate Books! Looking at All Hamptons Markets Combined delineates the power of the market with the Total Home Sales Volume doubled to $971.5M from $481M and a 52% jump in the Number of Home Sales. The $5-$9.99M price category realized the greatest statistical increase of a huge 333%. Four of the Hamptons markets monitored by Town & Country closed over twice as many homes this year compared with last: Southampton Village, Amagansett, Bridgehampton (which includes Water Mill and Sagaponack) and Montauk. The spring was a rental feeding frenzy, which later segued into a hot sales market. This 3rd Quarter Home Sales Report reflects just the beginning of the ascent, due to the time it takes from O & A to contract signing to closing to recording — which is 60-90 days. The only report better than this one will be next quarter!
Learn More: Hamptons 3Q 2020 Market Report