EAST END
SINGLE-FAMILY HOMES
Pre l i m i na r y *
2016 Yea r-EndMarket 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 HamptonsNUMBER OF SALES
Number of Sales
2,000
1,500
1,000
500
2,5002,0812,179 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
1,000768692 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 HamptonsSales by Market Area2016 YEAR-END
AMAGANSETT/MONTAUK
BRIDGEHAMPTON AREAIncludes Bridgehampton, Sagaponack and Wainscott
EAST HAMPTONIncludes East Hampton and East Hampton Village
SAG HARBOR AREAIncludes North Haven, Noyac, Sag Harbor, Sag Harbor Village and Shelter Island
SOUTHAMPTON AREAIncludes North Sea, Southampton, Southampton Village and Water Mill
WESTHAMPTON AREAIncludes 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 SALES552 SALES
South ForkSingle-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 ForkSingle-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 ForkSingle-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 2 sales in
the Westhampton Area over
$10M.
Both were Brown Harris Stevens
listings.
Percent of HamptonsSales by Price2016 YEAR-END
0 to 500K9.3%
>500K-1M34.4%
>1M-2M
>3M-5M8.6%
>5M - 10M6.5%
0 to 500K
>500K-1M
>1M- 2M
>2M-3M
>3M-5M
>5M - 10M
>10M
2.5%
>2M-3M10.2%
>10M
28.5%
0 to 500K43.9%
>500K-1M32.5%
>1M - 2M15.2%
>2M-3M
>5M-10M1.6%
0 to 500K
>500K-1M
>1M- 2M
>2M-3M
>3M-5M
4%
>3M-5M2.4%
>5M - 10M
>10M
>10M0.4%
Hamptons East of the Shinnecock Canal
Hamptons West of the Shinnecock Canal
Brown Harris Stevens 8
HamptonsDollar Volume by Area2016 YEAR-END
Brown Harris Stevens 9
9.2%
12.8%
27%
15%
24%
12.1%
$300M $400M $500M $600M $700M $800M $900M $1B
HamptonsSales Count by Area2016 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
1,000574 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. [email protected]
ASPASIA G. COMNAS Executive Managing Director [email protected]
ROBERT NELSONSenior Managing Director 631.204.2431 [email protected]
GINA A. GALANTEManaging Director - North [email protected]
©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 Beach70 Main Street
Westhampton, New York
11978
631.288.5500
Southampton24 Main Street
Southampton, New York
11968
631.287.4900
Bridgehampton2408 Main Street
Bridgehampton, New York
11932
631.537.2727
East Hampton27 Main Street
East Hampton, New York
11937
631.324.6400
Amagansett167 Main Street
Amagansett, New York
11930
631.267.7100
Sag Harbor96 Main Street
Sag Harbor, New York
11963
631.725.2250
Greenport 120 Front Street
Greenport, New York
11944
631.477.0551