Hamptons Fine Homes

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

Return To Projections