Town & Country Real Estate just released the numbers for sold homes on the East End for the first six months of 2021. All criteria that they monitor rose significantly with a huge 68 percent spike in “Total Home Sales Volume.” There were 51 percent more homes trading hands and a median home sales price of $1,586,000. That’s 34 percent greater than the $1,180,000 logged in 2020 in the same period.
Forth four percent more homes in the $20 million and up category sold. The price-point with the greatest statistical increase was the $5 to $9.99 million range. The only red across the board was in the under $500,000 range, which is a price category that Town & Country says will be in the rear-view mirror soon on the East End.
The East Hampton area, which includes Wainscott, experienced the greatest number of trades at 269. That is a 49 percent increase year-to-year, same period. The total home sales volume shot up 127 percent for the first six months of 2021 with $608,429,517 in total home sales volume.
Shelter Island had a great first half of 2021. The median home sales price exploded 53 percent higher from $880,000 in 2020 to $1,345,000 in 2021.
Sag Harbor Village blew the competition away with statistical changes in number of home sales increasing 205 percent and total home sales volume up 271 percent. These changes were the greatest of all Hamptons markets.
Southampton Village enjoyed a 100 percent increase in the number of home sales up from 33 in 2020 to 66 in 2021. But it was also the only hamlet to post red in two of the three criteria monitored by Town & Country Real Estate – there were slight decreases in total home sales volume and median home sales price due entirely to the reduction in home sales $10 million and up. In that category there were 11 home sales in 2020 and 7 in 2021. Still, four of the 13 home sales $20 million and up were here in Southampton Village.
East Hampton Village closed three of the 13 home sales $20 million and up and also experienced an incredible rise of 108 percent in the number of home sales and 85 percent more in total home sales volume. The needle shifted a bit in median home sales price from $4,412,500 in 2020 to $3,850,000 in 2021 same period.
In the Bridgehampton area, which included Water Mill and Sagaponack in the stats, had the highest median home sales price for the first six months of 2021 at $3,950,000. Bridgehampton also experienced the most home sales dollars changing hands with a total home sales volume of an impressive $731,738,273. Notably, four of the 13 home sales $20 million and up were in this market.
Sag Harbor area, which includes Noyack and North Haven, had a 19 percent increase in the number of home sales and held steady figures for median home sales price and total home sales volume.
The Southampton area outside of the village, which includes North Sea, closed 40 percent more home sales up from 88 in the first half of 2020 to 123 in the 2021, same time period. This increased the total home sales volume by almost 80 percent and moved the median home sales price needle 21 percent higher.
West of the canal, Westhampton, Remsenburg, Westhampton Beach, East Quogue, Quogue, and Quiogue, closed the second most home sales at 182 transfers. That is a 30 percent increase from the prior year. Further, the median home sales price pierced the million-dollar mark reaching $1,233,194 — 23 percent higher than in 2020.
Hampton Bays saw 46 percent more home sales dollars changing hands at $87,594,343 in total home sales volume. There was an increase of 22 percent more home sales and a 19 percent greater median home sales price.
Amagansett closed 42 home sales, that’s a 68 percent increase from the 25 home sales for the first six months 2020 to 2021. In the $2 to $3.49 million price range the statistical increase was 150 percent higher year-over-year.
Montauk more than doubled increasing 114.7 percent the total home sales volume at $109,101,746 from the prior year same time period. The median home sales price at $1,590,000, which is slightly higher than the median home sales price for all Hampton markets combined, was a 34 percent increase year-to-year. Also in Montauk, 52 percent more homes changed hands in the first six months of 2021.
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