Southampton market Average and Median Sales Price


$1,264,814 $825,000


$2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000


The Southampton market experienced a substantial gain in high-end sales in the first quarter. A year ago, there were just 3 closings of homes priced at $2.5 million or higher in Southampton. In the first quarter of 2010, there were 12 such closings, which caused the average price to rise 47%, and the median price to rise 70% from a year ago.


1Q09 2Q09 3Q09 Average Price 4Q09 1Q10 Median Price Includes North Sea, Southampton, Southampton Village and Water Mill.


$2,322,070 $1,625,000


$2,448,246 $1,495,000


$2,180,678 $1,680,000


$1,864,065 $1,400,000


1Q09


Less than $1,000,000 $1,000,000-$2,499,999 $2,500,000-$3,999,999 $4,000,000-$7,999,999 $8,000,000 and higher Total


Sales Price Sales 14


6 2 1 0


23


Percent of total Median Price Sales


61% 26%


$687,861 $1,447,500


9% $3,121,000 4% $5,000,000 0%


n/a 100% $825,000


21 36 7 4 1


69 1Q10


Percent of total Median Price


30% 52% 10% 6%


100% $720,000


$1,575,000 $2,850,000 $5,055,750


1% $16,000,000 $1,400,000


weSthampton market Average and Median Sales Price


$872,216 $548,500


$1,200,000 $1,000,000 $800,000 $600,000 $400,000


While the Westhampton market posted the smallest sales increase in the Hamptons, closings were still 139% higher than a year ago. Both the average and median price rose over the past year, up 9% and 12% respectively.


1Q09 2Q09 3Q09 Average Price 4Q09 1Q10 Median Price


Includes East Quogue, Flanders, Hampton Bays, Quiogue, Quogue Village, Remsenburg, Westhampton, Westhampton Beach, Westhampton Beach Village and Westhampton Dunes.


$919,830 $562,500


$1,011,144 $622,500


$980,862 $527,500


$949,891 $615,000


1Q09


Less than $1,000,000 $1,000,000-$2,499,999 $2,500,000-$3,999,999 $4,000,000-$7,999,999 $8,000,000 and higher Total


Sales Price Sales 29


5 2 2 0


38


Percent of total Median Price Sales


76% 13%


$425,000 $1,225,000


5% $2,718,750 5% $4,087,500 0%


n/a 100% $548,500


71 12 6 2 0


91 1Q10


Percent of total Median Price


78% 13% 7% 2% 0%


100% $380,000


$1,550,000 $2,825,000 $4,875,000 n/a


$615,000


First Quarter 2010 6


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