Starting our 2019 year end report at the bottom, let’s review All Hamptons Markets Combined. While home sale prices remained stable year over year, both the Number of Home Sales and Total Home Sales Volume were down by 19% and 19.5% respectively. The 4th Q of 2019 was way off, therefore pulling these figures down. Seven of the eight prices categories monitored by Town & Country Real Estate realized declines of up to 38%, while the ultra high end of $20M and up rose 29%. This demonstrates a resurgence of sales activity of the uber wealthy. If December 2019 and January are indicators for 2020, we expect this year to be a great year for Hamptons Real Estate since all 8 Town & Country Real Estate offices are reporting greater winter sales activity than we’ve seen in over a decade.
For the full report click here – Hamptons Year End 2019 Market Report