After two decades of representing Hampton’s properties, there is one thing that I have seen time and time again: buyers are looking for turnkey, or close to it. In today’s fast-paced market, many potential homeowners are not just searching for a house; they are looking for a home that requires minimal work upon moving in. The appeal of a turnkey property lies in its convenience, allowing buyers to settle in quickly without the stress of renovations or repairs.
The demand for such properties has increased, especially among millennials and first-time buyers who often lack the time or resources to undertake significant renovations. Features like updated kitchens, modern bathrooms, and freshly painted walls can significantly boost a property’s appeal. Additionally, outdoor spaces that are ready for enjoyment, such as landscaped yards or functional patios, are also high on buyers' wish lists.
As a realtor in the Hampton area, I encourage sellers to consider these factors when preparing their homes for sale. Making small improvements can lead to a faster sale and potentially higher offers, as buyers are more willing to commit to a property that feels ready for immediate enjoyment.
Here’s what happened in the market this past week:
Over the past week there were 33 Listings that went into contract from Westhampton to Montauk.
Compared to this same week last year (2024), there were 25 Listings that went into contract.
Which is a year over year INCREASE of 32%.
This same week in 2023, there were 20 Listings that went into contract.
Compared to this past week, it’s an INCREASE of 65%.
The breakdown of these 33 Transactions are:
5 Between $5 and $10 Million
5 Between $3 and $5 Million
10 Between $2 and $3 Million
10 Between $1 and $2 Million
3 Under $1 Million
Over the past week, the Dollar Volume was $98 Million.
Compared to this same week last year (2024), the Dollar Volume was $91 Million.
Which is a year over year INCREASE of 8%.
This same week in 2023, the Dollar Volume was $69 Million.
Compared to this past week, it’s an INCREASE of 42%.
This past week there were 29 New Listings coming onto the market.
With 33 Listings going into contract, this DECREASES the inventory by 4 Listings.
The breakdown of these 29 New Listings are:
1 Between $15 and $20 Million
1 Between $10 and $15 Million
7 Between $5 and $10 Million
5 Between $3 and $5 Million
5 Between $2 and $3 Million
7 Between $1 and $2 Million
3 Under $1 Million
The overall inventory as of 6/10/2025
1,926 Total Listings (Active & In Contract)
