Market Reports

Q1 2022 

The Hamptons

 Market Report 

 

OVERALL MARKET SUMMARY

The overall number of sales in Q1 fell 28.9% compared to Q1 2021. However, sales volume dipped slightly by only 4% due to a surge in the average sales price by 35% to $3,138,983, while the median price saw a healthy 20% gain to $1,675,000.

Bridgehampton and East Hampton saw the most notable increases in average price of 69.2% and 61.8% respectively. These price increases were driven predominantly by a $50M sale in Sagaponack and an $84.5M sale in East Hampton. The luxury end of the market saw 12 deals above $10M in Q1, which doubled year-over-year.

Negotiability in Q1 of 2022 contracted to an extremely tight 2.86%, which is a drop from 4.48% in Q1 of 2021 and just a slight reduction from 2.94% in the previous quarter.

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