“The Hampton’s is more than a place…It’s a natural world of endless blue skies, the ocean, green fields, and white fences, rusticity and elegance with a quality of light that drew artists here decades ago.” Ralph Lauren
The stunning landscapes, and the quality of the light in the Hampton’s inspired many artists over the years such as Jackson Pollack, Lee Krasner and Willem de Kooning, many of them living and working in Springs in East Hampton. Our gorgeous bays, inlets and ocean beaches continue to inspire many, and through the community preservation fund, the townships have worked hard to keep these spaces rural and untouched.
The Community Preservation Fund (CPF) in the Hamptons is a program designed to protect the region’s natural resources and open spaces. It primarily uses revenue generated from a real estate transfer tax to fund the preservation of land, including agricultural lands, scenic areas, historic sites, and natural habitats. The CPF’s goal is to maintain the area’s rural character, conserve its environmental resources, and enhance the quality of life for residents and visitors.
The Community preservation fund is supported by revenues from a 2.5% real estate transfer tax. The funds are often used to purchase development rights or outright land acquisitions, preventing overdevelopment and ensuring the preservation of the landscape for future generations. This program has been instrumental in preserving large portions of the Hamptons’ iconic environment, such as its beaches, wetlands, and farmland.
Take a look at what happened in the market last week:
Over the past week there were 27 Listings that went into contract from Westhampton to Montauk.
Compared to this same week last year (2024), there were 34 Listings that went into contract.
Which is a year over year DECREASE of 21%.
This same week in 2023, there were 27 Listings that went into contract.
Compared to this past week, there is no change.
The breakdown of these 27 Transactions are:
3 Between $10 and $15 Million
1 Between $5 and $10 Million
4 Between $3 and $5 Million
7 Between $2 and $3 Million
5 Between $1 and $2 Million
7 Under $1 Million
Over the past week, the Dollar Volume was $92 Million.
Compared to this same week last year (2024), the Dollar Volume was $109 Million.
Which is a year over year DECREASE of 16%.
This same week in 2023, the Dollar Volume was $61 Million.
Compared to this past week, it’s an INCREASE of 51%.
This past week there were 43 New Listings coming onto the market.
With 27 Listings going into contract, this INCREASES the inventory by 16 Listings.
The breakdown of these 43 New Listings are:
3 Over $20M
2 Between $10 and $15 Million
14 Between $5 and $10 Million
5 Between $3 and $5 Million
11 Between $2 and $3 Million
6 Between $1 and $2 Million
2 Under $1 Million
The overall inventory as of 3/18/2025
1,838 Total Listings (Active & In Contract)
1,391 Active Listings
447 In Contract Listings
