2013 had the greatest number of Hamptons and Shelter Island home sales in a single year since before the Great Recession, according to stats compiled by Town & Country Real Estate.
The total number of sales was up 26 percent year-over-year and more than double the 2008 amount. While 996 homes changed hands in 2008, during last year 2,055 were sold. The Hamptons/Shelter Island market hasn’t come close to hitting 2,000 sales since 2007.
All 12 Hamptons markets experienced more sales. Sag Harbor Village saw great movement from 2012 to 2013, from 57 homes to 87, a 53% increase. Montauk increased 54%, from 79 to 122.
East Hampton Village had the least movement, from 69 in 2012 to 72 in 2013, a 4% increase. The Bridgehampton area, including Water Mill and Sagaponack, had a 6% increase, from 208 sales to 220.
Across the Hamptons and on Shelter Island, the sales volume in dollars was up 22% over 2012, reaching $3.5 billion. The median home sales price stayed stagnant at $895,000. For individual markets, the lowest median home sales price for 2013 was in Hampton Bays, with $325,000. The market with the greatest median was Bridgehampton/Water Mill/Sagaponack, with $2.3 million.