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EAST END
SINGLE-FAMILY HOMES
Preliminary*
2016 Year-End
Market Report
*Based Upon Data Available as of January 13th, 2017. Final 2016 Report to be Issued April, 2017.
Data Highlights
In the Hamptons, the number of sales in
2016 fell 7.3% compared to 2015.
Total dollar volume dipped 11.5%
to $3.57B.
Cover Property: BrownHarrisStevens.com WEB# 373644
BrownHarrisStevens.com WEB# 165339
BrownHarrisStevens.com WEB# 170677
Data for this report is sourced from The Long Island Real Estate Report.
While most of the South Fork saw a decrease in sales in 2016, Shelter Island
realized an 18.1%increase in transactions and a 36.7%rise in dollar volume.
Bolstered by 8 sales over $5M, including 2 over $10M, total dollar volume in
North Haven rose 93.3%. Sag Harbor Village (+13.3%) and
Westhampton (+29.3%) also saw higher numbers of transactions as compared to 2015.
The Hamptons NUMBER OF SALES
Number of Sales
2,000
1,500
1,000
500
2,500
2,0812,179 1,929
20152014 2016
AVERAGE AND MEDIAN SALE PRICE
Average Price Median Price
$1,940,112
$995,000
2015 2016
$1,852,247
$960,000
$1,500,000
$1,000,000
$500,000
$2,000,000
$2,500,000
$1,974,647
$975,000
2014
NUMBER OF SALES
Number of Sales
800
600
400
200
1,000
768692 886
20152014 2016
AVERAGE AND MEDIAN SALE PRICE
Average Price Median Price
$535,020
$425,000
2015 2015
$523,510
$425,000
$500,000
$400,000
$300,000
$600,000
$700,000
$543,377
$411,000
2014
North Fork
Brown Harris Stevens 3
The North Fork achieved a record
number of sales transactions in 2016
at 886.
Prices averaged $1,852,247
in the Hamptons in 2016, 4.5%
lower than 2015. The median
price dipped 3.5% to
$960,000.
13%
5%
24%
19%30%
9%
Percent of Hamptons
Sales by Market Area
2016 YEAR-END
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, Sag
Harbor Village and Shelter Island
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
Brown Harris Stevens 4
154 SALES
441 SALES
227 SALES
99 SALES
345 SALES
552 SALES
South Fork
Single-Family
Homes
AMAGANSETT
Average Price Median Price Sales
2014 $2,794,991 $2,025,000 106
2015 $2,512,283 $1,985,000 85
2016 $2,855,569 $1,784,225 66
BRIDGEHAMPTON
Average Price Median Price Sales
2014 $3,828,086 $2,200,000 91
2015 $4,588,942 $2,997,500 116
2016 $4,236,454 $2,200,000 77
EAST HAMPTON
Average Price Median Price Sales
2014 $1,103,689 $828,314 373
2015 $1,206,159 $859,500 378
2016 $1,123,863 $850,000 367
EAST HAMPTON VILLAGE
Average Price Median Price Sales
2014 $6,007,810 $2,500,000 68
2015 $5,644,732 $3,800,000 63
2016 $6,401,012 $2,400,000 53
EAST QUOGUE
Average Price Median Price Sales
2014 $541,138 $452,500 100
2015 $739,203 $577,500 87
2016 $647,562 $548,000 89
HAMPTON BAYS
Average Price Median Price Sales
2014 $476,552 $375,000 236
2015 $523,617 $410,000 222
2016 $513,721 $422,500 234
MONTAUK
Average Price Median Price Sales
2014 $1,392,309 $933,000 110
2015 $1,502,826 $995,000 95
2016 $1,454,941 $1,012,000 88
NORTH HAVEN
Average Price Median Price Sales
2014 $3,023,070 $2,250,000 39
2015 $2,004,362 $1,415,000 34
2016 $3,992,368 $2,350,000 33
Brown Harris Stevens 5
On the South Fork,
77.8%of 2016 sales
were at or below
$2M.
South Fork
Single-Family
Homes
QUOGUE VILLAGE
Average Price Median Price Sales
2014 $2,424,856 $1,377,500 72
2015 $2,358,678 $1,800,000 59
2016 $2,689,870 $1,825,000 41
REMSENBURG
Average Price Median Price Sales
2014 $840,450 $680,000 35
2015 $1,343,604 $820,000 37
2016 $1,413,833 $875,000 39
SAG HARBOR
Average Price Median Price Sales
2014 $1,294,510 $750,000 100
2015 $1,072,846 $881,500 110
2016 $1,275,191 $943,015 109
SAG HARBOR VILLAGE
Average Price Median Price Sales
2014 $1,587,690 $1,197,500 80
2015 $1,807,281 $1,202,000 75
2016 $2,007,430 $1,500,000 85
SAGAPONACK
Average Price Median Price Sales
2014 $6,680,596 $4,450,000 47
2015 $5,763,382 $5,000,000 27
2016 $4,119,828 $2,410,000 22
SHELTER ISLAND
Average Price Median Price Sales
2014 $1,585,384 $824,500 68
2015 $1,120,145 $797,600 72
2016 $1,297,276 $920,000 85
SOUTHAMPTON
Average Price Median Price Sales
2014 $1,465,236 $830,000 199
2015 $1,242,123 $846,500 222
2016 $1,501,675 $888,125 188
SOUTHAMPTON VILLAGE
Average Price Median Price Sales
2014 $4,162,102 $1,875,000 141
2015 $4,321,012 $2,342,500 114
2016 $4,338,055 $2,300,000 84
Brown Harris Stevens 6
The Westhampton Area had the
highest number of sales in 2016 at
552, while the Southampton
Area achieved the highest total dollar
volume, with $931M
in total sales.
South Fork
Single-Family
Homes
WAINSCOTT
Average Price Median Price Sales
2014 $3,158,397 $2,130,000 34
2015 $3,229,240 $1,810,000 25
2016 $3,604,333 $1,760,000 21
WATER MILL
Average Price Median Price Sales
2014 $3,443,930 $2,350,000 91
2015 $3,579,246 $2,600,000 95
2016 $3,895,651 $2,750,000 73
WESTHAMPTON
Average Price Median Price Sales
2014 $843,865 $727,235 54
2015 $1,081,752 $810,000 41
2016 $842,420 $690,000 53
WESTHAMPTON BEACH
Average Price Median Price Sales
2014 $823,766 $491,250 34
2015 $1,217,918 $770,000 30
2016 $733,551 $515,000 30
WESTHAMPTON BEACH VILLAGE
Average Price Median Price Sales
2014 $1,656,121 $1,150,000 59
2015 $1,696,057 $1,250,000 59
2016 $1,508,659 $1,093,750 54
WESTHAMPTON DUNES
Average Price Median Price Sales
2014 $1,963,620 $1,770,000 20
2015 $2,476,063 $2,499,000 11
2016 $2,204,963 $2,070,000 12
Brown Harris Stevens 7
In 2016, there were 2sales in
the Westhampton Area over
$10M.
Both were Brown Harris Stevens
listings.
Percent of Hamptons
Sales by Price
2016 YEAR-END
0 to 500K
9.3%
>500K-1M
34.4%
>1M-2M
>3M-5M
8.6%
>5M - 10M
6.5%
0 to 500K
>500K-1M
>1M- 2M
>2M-3M
>3M-5M
>5M - 10M
>10M
2.5%
>2M-3M
10.2%
>10M
28.5%
0 to 500K
43.9%
>500K-1M
32.5%
>1M - 2M
15.2%
>2M-3M
>5M-10M
1.6%
0 to 500K
>500K-1M
>1M- 2M
>2M-3M
>3M-5M
4%
>3M-5M
2.4%
>5M - 10M
>10M
>10M
0.4%
Hamptons East of the Shinnecock Canal
Hamptons West of the Shinnecock Canal
Brown Harris Stevens 8
Hamptons
Dollar Volume by Area
2016 YEAR-END
Brown Harris Stevens 9
9.2%
12.8%
27%
15%
24%
12.1%
$300M $400M $500M $600M $700M $800M $900M $1B
Hamptons
Sales Count by Area
2016 YEAR-END
Brown Harris Stevens 10
100 200 300 400 500 600
8.5%
12.5%
19%
30.4%
24.3%
5.4%
Long-Term Trends 2012 - 2016: Total Dollar Volume
Brown Harris Stevens 11
NORTH FORK TOTAL DOLLAR VOLUME
$400M
$300M
$200M
$100M
$500M
$269M$2.89B $336M$3.52B $376M$4.30B $410M$4.03B $463M$3.57B
20122012 20132013 20142014 20152015 20162016
HAMPTONS TOTAL DOLLAR VOLUME
$3B
$2B
$1B
$4B
$5B
Dollar Volume (Millions)Dollar Volume (Billions)
BrownHarrisStevens.com WEB# 374307
North Fork
Single-Family
Homes
Brown Harris Stevens 12
AQUEBOGUE
Average Price Median Price Sales
2014 $409,931 $373,750 42
2015 $465,569 $435,000 50
2016 $431,165 $400,000 47
CUTCHOGUE
Average Price Median Price Sales
2014 $829,491 $575,000 72
2015 $672,347 $530,000 66
2016 $766,679 $606,250 78
EAST MARION
Average Price Median Price Sales
2014 $548,734 $446,500 30
2015 $693,161 $522,500 28
2016 $731,971 $571,250 24
GREENPORT
Average Price Median Price Sales
2014 $466,926 $402,500 30
2015 $501,558 $455,000 32
2016 $573,100 $412,900 40
GREENPORT VILLAGE
Average Price Median Price Sales
2014 $451,513 $408,750 40
2015 $461,321 $472,500 28
2016 $543,765 $535,000 31
JAMESPORT
Average Price Median Price Sales
2014 $457,537 $395,000 31
2015 $483,224 $441,000 21
2016 $522,193 $438,500 29
MATTITUCK
Average Price Median Price Sales
2014 $650,050 $450,000 67
2015 $591,179 $470,000 81
2016 $613,141 $445,000 77
SOUTHOLD
Average Price Median Price Sales
2014 $645,724 $510,000 107
2015 $599,423 $475,895 135
2016 $602,082 $492,500 129
The North Fork saw a 15.4%
increase in the number of transactions and
a 12.9%rise in dollar volume
compared to 2015.
NUMBER OF SALES: FIVE-YEAR COMPARISON
Number of Sales
800
600
400
200
1,000
574 698 692 768 886
2012 2013 2014 2015 2016
2016 PRICE BREAKDOWN
Number of Sales
225
150
75
300
>5M
1
>2M
-5M
10
>1M
-2M
47
>750K
-1M
72
>500
-750K
196
>350
-500K
266
0
-350K
294
Brown Harris Stevens 13
BrownHarrisStevens.com WEB# 170682
North Fork
Single-Family
Homes
PETER M. TURINO
President
631.903.6115
pturino@bhshamptons.com
ASPASIA G. COMNAS
Executive Managing Director
631.537.4321
acomnas@bhshamptons.com
ROBERT NELSON
Senior Managing Director
631.204.2431
Rnelson@bhshamptons.com
GINA A. GALANTE
Managing Director - North Fork
631.477.8007
ggalante@bhsnorthfork.com
©2016 by Brown Harris Stevens. All Rights Reserved. This information may not be copied, used or distributed without Brown Harris Stevens’ consent. While information is believed true, no guaranty is made of accuracy.
Westhampton
Beach
70 Main Street
Westhampton, New York
11978
631.288.5500
Southampton
24 Main Street
Southampton, New York
11968
631.287.4900
Bridgehampton
2408 Main Street
Bridgehampton, New York
11932
631.537.2727
East Hampton
27 Main Street
East Hampton, New York
11937
631.324.6400
Amagansett
167 Main Street
Amagansett, New York
	 11930
631.267.7100
Sag Harbor
96 Main Street
Sag Harbor, New York
11963
631.725.2250
Greenport
120 Front Street
Greenport, New York
	 11944
631.477.0551

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Brown Harris Stevens 2016 Year End Preliminary Hamptons Market Report

  • 1. EAST END SINGLE-FAMILY HOMES Preliminary* 2016 Year-End Market Report *Based Upon Data Available as of January 13th, 2017. Final 2016 Report to be Issued April, 2017.
  • 2. Data Highlights In the Hamptons, the number of sales in 2016 fell 7.3% compared to 2015. Total dollar volume dipped 11.5% to $3.57B. Cover Property: BrownHarrisStevens.com WEB# 373644 BrownHarrisStevens.com WEB# 165339 BrownHarrisStevens.com WEB# 170677 Data for this report is sourced from The Long Island Real Estate Report. While most of the South Fork saw a decrease in sales in 2016, Shelter Island realized an 18.1%increase in transactions and a 36.7%rise in dollar volume. Bolstered by 8 sales over $5M, including 2 over $10M, total dollar volume in North Haven rose 93.3%. Sag Harbor Village (+13.3%) and Westhampton (+29.3%) also saw higher numbers of transactions as compared to 2015.
  • 3. The Hamptons NUMBER OF SALES Number of Sales 2,000 1,500 1,000 500 2,500 2,0812,179 1,929 20152014 2016 AVERAGE AND MEDIAN SALE PRICE Average Price Median Price $1,940,112 $995,000 2015 2016 $1,852,247 $960,000 $1,500,000 $1,000,000 $500,000 $2,000,000 $2,500,000 $1,974,647 $975,000 2014 NUMBER OF SALES Number of Sales 800 600 400 200 1,000 768692 886 20152014 2016 AVERAGE AND MEDIAN SALE PRICE Average Price Median Price $535,020 $425,000 2015 2015 $523,510 $425,000 $500,000 $400,000 $300,000 $600,000 $700,000 $543,377 $411,000 2014 North Fork Brown Harris Stevens 3 The North Fork achieved a record number of sales transactions in 2016 at 886. Prices averaged $1,852,247 in the Hamptons in 2016, 4.5% lower than 2015. The median price dipped 3.5% to $960,000.
  • 4. 13% 5% 24% 19%30% 9% Percent of Hamptons Sales by Market Area 2016 YEAR-END 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, Sag Harbor Village and Shelter Island 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 Brown Harris Stevens 4 154 SALES 441 SALES 227 SALES 99 SALES 345 SALES 552 SALES
  • 5. South Fork Single-Family Homes AMAGANSETT Average Price Median Price Sales 2014 $2,794,991 $2,025,000 106 2015 $2,512,283 $1,985,000 85 2016 $2,855,569 $1,784,225 66 BRIDGEHAMPTON Average Price Median Price Sales 2014 $3,828,086 $2,200,000 91 2015 $4,588,942 $2,997,500 116 2016 $4,236,454 $2,200,000 77 EAST HAMPTON Average Price Median Price Sales 2014 $1,103,689 $828,314 373 2015 $1,206,159 $859,500 378 2016 $1,123,863 $850,000 367 EAST HAMPTON VILLAGE Average Price Median Price Sales 2014 $6,007,810 $2,500,000 68 2015 $5,644,732 $3,800,000 63 2016 $6,401,012 $2,400,000 53 EAST QUOGUE Average Price Median Price Sales 2014 $541,138 $452,500 100 2015 $739,203 $577,500 87 2016 $647,562 $548,000 89 HAMPTON BAYS Average Price Median Price Sales 2014 $476,552 $375,000 236 2015 $523,617 $410,000 222 2016 $513,721 $422,500 234 MONTAUK Average Price Median Price Sales 2014 $1,392,309 $933,000 110 2015 $1,502,826 $995,000 95 2016 $1,454,941 $1,012,000 88 NORTH HAVEN Average Price Median Price Sales 2014 $3,023,070 $2,250,000 39 2015 $2,004,362 $1,415,000 34 2016 $3,992,368 $2,350,000 33 Brown Harris Stevens 5 On the South Fork, 77.8%of 2016 sales were at or below $2M.
  • 6. South Fork Single-Family Homes QUOGUE VILLAGE Average Price Median Price Sales 2014 $2,424,856 $1,377,500 72 2015 $2,358,678 $1,800,000 59 2016 $2,689,870 $1,825,000 41 REMSENBURG Average Price Median Price Sales 2014 $840,450 $680,000 35 2015 $1,343,604 $820,000 37 2016 $1,413,833 $875,000 39 SAG HARBOR Average Price Median Price Sales 2014 $1,294,510 $750,000 100 2015 $1,072,846 $881,500 110 2016 $1,275,191 $943,015 109 SAG HARBOR VILLAGE Average Price Median Price Sales 2014 $1,587,690 $1,197,500 80 2015 $1,807,281 $1,202,000 75 2016 $2,007,430 $1,500,000 85 SAGAPONACK Average Price Median Price Sales 2014 $6,680,596 $4,450,000 47 2015 $5,763,382 $5,000,000 27 2016 $4,119,828 $2,410,000 22 SHELTER ISLAND Average Price Median Price Sales 2014 $1,585,384 $824,500 68 2015 $1,120,145 $797,600 72 2016 $1,297,276 $920,000 85 SOUTHAMPTON Average Price Median Price Sales 2014 $1,465,236 $830,000 199 2015 $1,242,123 $846,500 222 2016 $1,501,675 $888,125 188 SOUTHAMPTON VILLAGE Average Price Median Price Sales 2014 $4,162,102 $1,875,000 141 2015 $4,321,012 $2,342,500 114 2016 $4,338,055 $2,300,000 84 Brown Harris Stevens 6 The Westhampton Area had the highest number of sales in 2016 at 552, while the Southampton Area achieved the highest total dollar volume, with $931M in total sales.
  • 7. South Fork Single-Family Homes WAINSCOTT Average Price Median Price Sales 2014 $3,158,397 $2,130,000 34 2015 $3,229,240 $1,810,000 25 2016 $3,604,333 $1,760,000 21 WATER MILL Average Price Median Price Sales 2014 $3,443,930 $2,350,000 91 2015 $3,579,246 $2,600,000 95 2016 $3,895,651 $2,750,000 73 WESTHAMPTON Average Price Median Price Sales 2014 $843,865 $727,235 54 2015 $1,081,752 $810,000 41 2016 $842,420 $690,000 53 WESTHAMPTON BEACH Average Price Median Price Sales 2014 $823,766 $491,250 34 2015 $1,217,918 $770,000 30 2016 $733,551 $515,000 30 WESTHAMPTON BEACH VILLAGE Average Price Median Price Sales 2014 $1,656,121 $1,150,000 59 2015 $1,696,057 $1,250,000 59 2016 $1,508,659 $1,093,750 54 WESTHAMPTON DUNES Average Price Median Price Sales 2014 $1,963,620 $1,770,000 20 2015 $2,476,063 $2,499,000 11 2016 $2,204,963 $2,070,000 12 Brown Harris Stevens 7 In 2016, there were 2sales in the Westhampton Area over $10M. Both were Brown Harris Stevens listings.
  • 8. Percent of Hamptons Sales by Price 2016 YEAR-END 0 to 500K 9.3% >500K-1M 34.4% >1M-2M >3M-5M 8.6% >5M - 10M 6.5% 0 to 500K >500K-1M >1M- 2M >2M-3M >3M-5M >5M - 10M >10M 2.5% >2M-3M 10.2% >10M 28.5% 0 to 500K 43.9% >500K-1M 32.5% >1M - 2M 15.2% >2M-3M >5M-10M 1.6% 0 to 500K >500K-1M >1M- 2M >2M-3M >3M-5M 4% >3M-5M 2.4% >5M - 10M >10M >10M 0.4% Hamptons East of the Shinnecock Canal Hamptons West of the Shinnecock Canal Brown Harris Stevens 8
  • 9. Hamptons Dollar Volume by Area 2016 YEAR-END Brown Harris Stevens 9 9.2% 12.8% 27% 15% 24% 12.1% $300M $400M $500M $600M $700M $800M $900M $1B
  • 10. Hamptons Sales Count by Area 2016 YEAR-END Brown Harris Stevens 10 100 200 300 400 500 600 8.5% 12.5% 19% 30.4% 24.3% 5.4%
  • 11. Long-Term Trends 2012 - 2016: Total Dollar Volume Brown Harris Stevens 11 NORTH FORK TOTAL DOLLAR VOLUME $400M $300M $200M $100M $500M $269M$2.89B $336M$3.52B $376M$4.30B $410M$4.03B $463M$3.57B 20122012 20132013 20142014 20152015 20162016 HAMPTONS TOTAL DOLLAR VOLUME $3B $2B $1B $4B $5B Dollar Volume (Millions)Dollar Volume (Billions) BrownHarrisStevens.com WEB# 374307
  • 12. North Fork Single-Family Homes Brown Harris Stevens 12 AQUEBOGUE Average Price Median Price Sales 2014 $409,931 $373,750 42 2015 $465,569 $435,000 50 2016 $431,165 $400,000 47 CUTCHOGUE Average Price Median Price Sales 2014 $829,491 $575,000 72 2015 $672,347 $530,000 66 2016 $766,679 $606,250 78 EAST MARION Average Price Median Price Sales 2014 $548,734 $446,500 30 2015 $693,161 $522,500 28 2016 $731,971 $571,250 24 GREENPORT Average Price Median Price Sales 2014 $466,926 $402,500 30 2015 $501,558 $455,000 32 2016 $573,100 $412,900 40 GREENPORT VILLAGE Average Price Median Price Sales 2014 $451,513 $408,750 40 2015 $461,321 $472,500 28 2016 $543,765 $535,000 31 JAMESPORT Average Price Median Price Sales 2014 $457,537 $395,000 31 2015 $483,224 $441,000 21 2016 $522,193 $438,500 29 MATTITUCK Average Price Median Price Sales 2014 $650,050 $450,000 67 2015 $591,179 $470,000 81 2016 $613,141 $445,000 77 SOUTHOLD Average Price Median Price Sales 2014 $645,724 $510,000 107 2015 $599,423 $475,895 135 2016 $602,082 $492,500 129 The North Fork saw a 15.4% increase in the number of transactions and a 12.9%rise in dollar volume compared to 2015.
  • 13. NUMBER OF SALES: FIVE-YEAR COMPARISON Number of Sales 800 600 400 200 1,000 574 698 692 768 886 2012 2013 2014 2015 2016 2016 PRICE BREAKDOWN Number of Sales 225 150 75 300 >5M 1 >2M -5M 10 >1M -2M 47 >750K -1M 72 >500 -750K 196 >350 -500K 266 0 -350K 294 Brown Harris Stevens 13 BrownHarrisStevens.com WEB# 170682 North Fork Single-Family Homes
  • 14. PETER M. TURINO President 631.903.6115 pturino@bhshamptons.com ASPASIA G. COMNAS Executive Managing Director 631.537.4321 acomnas@bhshamptons.com ROBERT NELSON Senior Managing Director 631.204.2431 Rnelson@bhshamptons.com GINA A. GALANTE Managing Director - North Fork 631.477.8007 ggalante@bhsnorthfork.com ©2016 by Brown Harris Stevens. All Rights Reserved. This information may not be copied, used or distributed without Brown Harris Stevens’ consent. While information is believed true, no guaranty is made of accuracy. Westhampton Beach 70 Main Street Westhampton, New York 11978 631.288.5500 Southampton 24 Main Street Southampton, New York 11968 631.287.4900 Bridgehampton 2408 Main Street Bridgehampton, New York 11932 631.537.2727 East Hampton 27 Main Street East Hampton, New York 11937 631.324.6400 Amagansett 167 Main Street Amagansett, New York 11930 631.267.7100 Sag Harbor 96 Main Street Sag Harbor, New York 11963 631.725.2250 Greenport 120 Front Street Greenport, New York 11944 631.477.0551