Monday Morning Matters - How’s the Market

Monday Morning Matters - How’s the Market

Home. It's more than just a house, or an address. It's the sanctuary where we find comfort, safety, and belonging. It's the place where memories are made, where laughter echoes, and where love resides.

This week, we witness the tragic reality that home can be lost in an instant. The devastation in Los Angeles is a stark reminder of the fragility of our possessions and the importance of the intangible - the memories, the connections, the sense of security that truly define a home.

As we pray for those affected, please consider donating to the American Red Cross. The most effective way to help the Red Cross disaster relief efforts is by making a financial donation. You can do this by texting 'CAWILDFIRES' to 90999 or visiting redcross.org.

Hamptons Real Estate Market Data – Week of 12/31/2024

Over the past week there were 8 Listings that went into contract from Westhampton to Montauk.

Compared to this same week last year (2024), there were 18 Listings that went into contract.

Which is a year over year DECREASE of 56%.

This same week in 2022, there were 15 Listings that went into contract.

Compared to this past week in 2023, it’s an DECREASE of 47%.                                                

The breakdown of these 8 Transactions are:

Over $20 Million 

3 Between $3 and $5 Million 

Between $2 and $3 Million 

2 Between $1 and $2 Million 

1 Under $1 Million 

Over the past week, the Dollar Volume was $107 Million.

Compared to this same week last year (2024), the Dollar Volume was $83 Million.

Which is a year over year INCREASE of 29%.

This same week in 2022, the Dollar Volume was $46 Million.

Compared to this past week in 2023, t’s an INCREASE of 133%.

 

 

Work With Jennifer

With 20 years of luxury real estate experience in the Hampton's, Jennifer Wilson offers a unique and unparalleled approach to the purchasing and marketing of luxury properties in the Hamptons. Backed by the Saunders design team, Jennifer offers her clients a comprehensive and state of the art approach to marketing that promotes her luxury listings locally and globally. In addition, her strategic partnerships with NY Title Abstract Service, award winning design and staging companies, mortgage brokers, and top local attorneys makes the buying or selling process competitive and seamless.

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