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Hamptons 4Q 2019 Home Sales Market Report

By Judi Desiderio, Monday, January 20, 2020
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, Hamptons 4Q 2019 Home Sales Market Report, Town & Country Real Estate

Brace yourself! I’ve been warning that the 4th Quarter Home Sales Report was going to be bad…well it certainly was. In my three decades of reporting on the Hamptons Real Estate statistics, this is the first time we’ve experienced such declines without the catalyst of a financial crisis such as the ‘87 crash or when Bear & Lehman fell. In fact, we’ve never seen our markets decline while the Dow soars! Let’s dig deeper into the numbers and define these figures. Looking at All Hamptons Markets Combined and the view of the last 3 months of 2019 shows a considerable pull back in home sales (-44%) yet the Median Home Sales Price increased 23.26%. The ultra high end ($20M+) shot up 200% year over year. In my professional opinion this was the bottom for this market cycle! Keep in mind these figures reflect deals that were negotiated and put in contract 3 months or more before the close and recording. All 8 Town & Country Real Estate offices experienced the busiest December and January we have seen in over a decade. This tells me we are now bouncing off that bottom. Obviously time to jump in and secure your piece of East End dirt!

For the full report click here – Hamptons 4Q 2019 Home Sales Report