Current Report Report Archives Projections


WHAT DOES $3,000,000 BUY YOU...HERE IN THE HAMPTONS?
The examples of sold properties contained in this Transfer Report help to answer the $3,000,000 question! Right now, especially, this popular price point is a moving target...and yet is, for the most part, based on a number of traditional factors, plus one. Of course, it's all about location, location, location; the size of the parcel; South of the Highway or North; age and amenities of the structure(s); curb appeal, etc. The illusive 'plus one' is timing...what time of the year the transaction actually took place! The correlation between supply and demand, at any given time, can inevitably affect the selling price of a property. Three-million dollars buys you more bang-for-your-buck when the supply is in excess of the demand...and, conversely, less 'bang' when the demand is equal to or greater than the inventory. Another consideration is that as the inventory of homes in the $3,000,000 category continues to swell, as it has so significantly over the past 18 months, we may witness the prices triming slightly to meet and/or beat any competition. Though the overall price of real estate here in the Hamptons continues to soar...outperforming other investments...some with crystal-balls have said that projections for this year are estimated at (only!) single-digit increases, rather than the double-digit increases experienced throughout 2004 and 2005. In my opinion, a more studied approach for the serious buyer is to keep an eye on the ratios of supply to demand...in a specific price point, in a particular area, et al. Purchasing the greatest degree of equity (for your dollars) can be as simple as sticking to the basic three "W"s...what, where, and when!

  1st QUARTER SALES 2nd QUARTER SALES 3rd QUARTER SALES 4th QUARTER SALES
SOUTHAMPTON VILLAGE:
Sold @ $2,760,000
320 Little Plains Road, Southampton Vill.
0904-018.00-02-001.000 S.O.H.; .72 Acre Parcel. Transfer-Date: 3/3/2005
Sold @ $2,825,000
92 Post Crossing, Southampton Vill.
0904-007.00-01-016.000 N.O.H.; .40 Acre Parcel. Transfer-Date: 6/22/2005
Sold @ $2,950,000
153 Breeze Lane, Southampton Vill.
0904-003.00-03-053.000 N.O.H.; .39 Acre Parcel. Transfer-Date: 8/12/2005 (PICTURED)
Sold @ $3,100,000
37 South Main St., Southampton Vill.
0904-015.00-02-025.000 S.O.H.; 1.61 Acres Parcel. Transfer-Date: 10/27/2005

SOUTHAMPTON:
Sold @ $2,825,000
295 Flying Point Road, Southampton
0904-020.00-02-006.000 S.O.H.; .95 Acre Parcel. Transfer-Date: 1/14/2005 (PICTURED)
Sold @ $3,050,000
20 Sandringham Lane, Southampton
0900-271.00-01-048.005 S.O.H.; Bayfront; .87 Acre. Transfer-Date: 3/16/2005
Sold @ $3,062,500
120 Edge of Woods Rd., Southampton
0900-099.00-01-002.008 N.O.H.; 2.66 Acres Parcel. Transfer-Date: 6/27/2005
Sold @ $2,900,000
13 Edgemere Drive, Southampton
0900-042.00-02-019.007 N.O.H.; 2.1 Acres Parcel. Transfer-Date: 11/14/2005

WATER MILL:
Sold @ 2,950,000
1164 Deerfield Road, Water Mill
0900-065.00-01-004.013 N.O.H.; 1.95 Acres Parcel. Transfer-Date: 3/16/2005
Sold @ $2,850,000
19 New Ground Lane, Water Mill
0900-066.00-01-020.007 N.O.H.; 1.74 Acres Parcel. Transfer-Date: 4/13/2005
Sold @ $3,200,000
19 Wood Edge Court, Water Mill
0900-100.00-02-005.017 N.O.H.; 1.4 Acres Parcel. Transfer-Date: 7/27/2005 (PICTURED)
Sold @ $2,875,000
862 Old Sag Harbor Road, Water Mill
0900-036.00-01-029.006 N.O.H.; 3.01 Acres Parcel. Transfer-Date: 11/14/2005

BRIDGEHAMPTON:
Sold @ $2,800,000
7 Morgan Way, Bridgehampton
0900-087.00-01-004.008 S.O.H.; 1.7 Vacant Acres. Transfer-Date: 2/16/2005
Sold @ $2,825,000
26 Bridge Hill Lane, Bridehampton
0900-030.00-02-011.000 N.O.H.; 1.34 Acres Parcel. Transfer-Date: 4/1/2005
Sold @ $3,000,000
80 Butter Lane, Bridgehampton
0900-085.00-01-014.000 N.O.H.; 1.3 Acres Parcel. Transfer-Date: 9/15/2005
Sold @ $3,100,000
160 Sandpiper Lane, Bridgehampton
0900-117.00-01-029.000 S.O.H.; 1.95 Acres Parcel. Transfer-Date: 10/4/2005 (PICTURED)

SAGAPONACK:
Sold @ $3,000,000
382 Jobs Lane, Sagaponack
0900-134.00-01-030.000 S.O.H.; .96 Acre Parcel. Transfer-Date: 3/30/2005
Sold @ $ 3,188,000
291 Parsonage Lane, Sagaponack
0900-090.00-01-022.002 S.O.H.; 1.41 Acres Parcel. Transfer-Date: 6/28/2005 (PICTURED)
Sold @ $2,995,000
443 Sagaponack Road, Sagaponack
0900-089.00-04-002.000 S.O.H.; 2 Vacant Acres. Transfer-Date: 8/10/2005
Sold @ $2,725,000
139 Seascape Lane, Sagaponack
0900-117.00-03-020.000 S.O.H.; .99 Acre Parcel. Transfer-Date: 11/21/2005

SAG HARBOR & NORTH HAVEN:
Sold @ $ 2,950,000
31 Rawson Road, SagHarbor
0900-010.00-01-094.016 Bayfront; 1.18 Acres Parcel. Transfer-Date: 3/16/2005
Sold @ $3,100,000
30 On The Bluff, NorthHaven
0901-002.00-04-072.000 Bayfront; 1.84 Acres Parcel. Transfer-Date: 5/17/2005 (PICTURED)
Sold @ $2,750,000
65 Clearview Drive, SagHarbor
0900-003.00-01-044.005 Bayfront; .68 Acre Parcel. Transfer-Date: 9/27/2005
Sold @ $2,950,000
12 Mill Path Road, SagHarbor
0900-038.00-01-014.011 N.O.H.; 1.9 Acres Parcel. Transfer-Date: 12/2/2005

WAINSCOTT:
Sold @ $2,900,000
7 Wainscott Hollow Rd., Wainscott
0300-196.00-01-008.008 S.O.H.; 1.27 Acres Parcel. Transfer-Date: 3/15/2005
Sold @ $3,806,001
114 Sayres Path, Wainscott
0300-197.00-04-013.002 S.O.H.; 1.33 Acres Parcel. Transfer-Date: 4/19/2005
Sold @ $3,100,000
156 Wainscott Main St, Wainscott
0300-200.00-03-035.000 S.O.H.; 1.3 Acres Parcel. Transfer-Date: 6/27/2005
Sold @ $2,800,000
133 Sayres Path, Wainscott
0300-197.00-06-013.000 S.O.H.; 1 Acre Parcel. Transfer-Date: 9/23/2005 (PICTURED)

EAST HAMPTON:
Sold @ $3,250,000
241 Georgica Road, EastHampton
0301-012.00-02-007.004 S.O.H.; 1.97 Acres Parcel. Transfer-Date: 1/5/2005 (PICTURED)
Sold @ $3,000,000
211 Cove Hollow Road, East Hampton
0301-007.00-06-006.003 S.O.H.; 1 Acre Parcel. Transfer-Date: 4/13/2005
Sold @ $3,200,000
10 Grassy Hollow Drive, East Hampton
0300-091.00-01-002.004 N.O.H.; 5.51 Acres Parcel. Transfer-Date: 9/14/2005
Sold @ $2,950,000
299 Kings Point Road, East Hampton
0300-024.00-01-014.000 Bayfront; .78 Acre Parcel. Transfer-Date: 11/10/2005

AMAGANSETT & MONTAUK:
Sold @ $2,750,000
11 Beach Plum Court, Amagansett
0300-109.00-02-009.001 S.O.H.; 1.21 Vacant Acres. Transfer-Date: 3/9/2005
Sold @ $2,900,000
92 Old West Lake Drive, Montauk
0300-020.00-05-015.000 N.O.H.; .97 Acre Parcel. Transfer-Date: 5/17/2005
Sold @ $2,895,000
65 Hampton Lane, Amagansett
0300-174.00-07-020.000 S.O.H.; .51 Acre Parcel. Transfer-Date: 9/9/2005 (PICTURED)
Sold @ $2,800,000
17 Oceanview Lane, Amagansett
0300-151.00-02-009.003 N.O.H.; 2.16 Acres Parcel. Transfer-Date: 11/3/2005

WESTHAMPTON & QUOGUE:
Sold @ $3,025,000
205 Dune Road, Westhampton Beach
0905-020.00-02-008.000 S.O.H.-Oceanfront;.90 Acre. Transfer-Date: 3/7/2005
Sold @ $3,250,000
61 Dune Road, Westhampton Beach
0905-022.00-02-004.000 S.O.H.; Bayfront; .57 Acre. Transfer-Date: 6/24/2005
Sold @ $3,000,000
22 Post Lane, QuogueVillage
0902-014.00-01-047.000 Canalfront;SOH;1.56 Acres. Transfer-Date: 8/22/2005 (PICTURED)
Sold @ $2,950,000
13 Sandpiper Court; Westhampton
0900-382.00-01-053.000 S.O.H.; .67 Acre Parcel. Transfer-Date: 10/21/2005









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