Monday Morning Matters - How’s the Market

Monday Morning Matters - How’s the Market

Happy St. Patrick’s Day!!

Did you know that the Hampton’s is home to some of the largest & the smallest St. Patrick’s Day parades!

The Montauk Friends of Erin parade is host to pipe and drum bands and fire departments from across Long Island and typically draws a crowd of thousands every year!

And the Amagansett parade, otherwise known as The AmO’Gansett Parade is quite possibly the smallest and shortest parade in the US!

Join the fun at this years AmO’Gansett parade this coming Saturday, March 22 at noon, and the Montauk Friends of Erin parade on March  30th at noon

Let’s look at what happened in the market this past week:

Over the past week there were 28 Listings that went into contract from Westhampton to Montauk.

Compared to this same week last year (2024), there were 26 Listings that went into contract.

Which is a year over year INCREASE of 8%.

This same week in 2023, there were 29 Listings that went into contract.

Compared to this past week, it’s an DECREASE 3%.                                               

The breakdown of these 28 Transactions are:

2 Between $5 and $10 Million 

4 Between $3 and $5 Million 

8 Between $2 and $3 Million 

10 Between $1 and $2 Million 

4 Under $1 Million 

Over the past week, the Dollar Volume was $70 Million.

Compared to this same week last year (2024), the Dollar Volume was $90 Million.

Which is a year over year DECREASE of 22%.

This same week in 2023, the Dollar Volume was $79 Million.

Compared to this past week, it’s an DECREASE of 11%.

This past week there were 38 New Listings coming onto the market.

With 28 Listings going into contract, this INCREASES the inventory by 10 Listings.                                                                                                                       

The breakdown of these 38 New Listings are:

4 Between $10 and $15 Million 

8 Between $5 and $10 Million 

9 Between $3 and $5 Million 

7 Between $2 and $3 Million 

6 Between $1 and $2 Million 

4 Under $1 Million 

 

The overall inventory as of 3/11/2025

1,819 Total Listings (Active & In Contract)

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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