Everything You Need to Know About Hamptons Real Estate Right Now



Everything You Need to Know About Hamptons Real Estate Right Now

Finding a home in the Hamptons is a difficult dance right now, with limited housing stock breeding competition among eager buyers. “We’re starting to see the inventory get swept up,” says broker Gary DePersia of the Corcoran Group. “A lot of the properties that have been on the market for a year or more are now in contract.” Corcoran reports that the number of sales on the South Fork increased 34 percent from the fourth quarter of 2016 to the fourth quarter of 2017. Meanwhile, the median price barely changed, dropping one percent, to $985,000. Inventory also moved on the North Fork, where the number of year-over-year sales rose 11 percent and the median price increased seven percent, to $533,000. 

Agents have been carefully watching the area west of the Shinnecock Canal—particularly Quogue and Westhampton Beach, which have recently experienced price bumps. “It’s unusual to see a house above $10 million west of the canal,” says Enzo Morabito of Douglas Elliman Real Estate, “but there are currently two homes on Dune Road listed for more than $20 million.” Rose Alfano, a Daniel Gale Sotheby’s International Realty agent in Westhampton Beach, adds, “Last year was a very big year, and it looks like the buying frenzy will continue. People are scooping up whatever comes onto the market. And Westhampton and Quogue are a hop, skip, and a jump to Manhattan.” According to a report from her agency, the number of sales in Quogue increased 49 percent from 2016 to 2017, with the median price growing 53 percent, to $1.85 million, and the highest price nearly doubling to $16 million.

Everything You Need to Know About Hamptons Real Estate Right Now

Another under-the-radar area that’s seeing more action is Springs. “It never developed as a high-end market, so it’s a wonderful place for someone looking for a deal or a renovation project,” says DePersia, who claims that buyers don’t feel the need to be near the ocean like they once did. “There are so many possibilities when you move away from the beach, and more people are using their homes all year long.”

As for rentals, websites such as Airbnb continue to pose stiff competition on the lower end, says DePersia, but “landlords whose seasonal rentals range from $100,000 to $1 million aren’t listing in an environment where they have no idea who’s living in their house.” That said, the demand for luxury rentals has also surged, making it even more difficult for prospective tenants with deep pockets to get a piece of the Hamptons this summer. 

To snap up stellar properties that are still for sale, make sure to check our coverage of recent Hamptons listings

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33 Crooked Mile Road, Darien, CT
Magnificent blend of classic Connecticut craftsmanship and style with the ease of contemporary living, filled with natural light and modern flow. Each space has been designed with exquisite attention to detail, from the intimate paneled library to the luxurious master bathroom with heated glass mosaic floor and elegant soaking tub. Set on a private cul-de-sac with a pool surrounded by beautiful gardens, enjoy privacy and serenity in a park-like setting only 5-minutes from Darien town and train.



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20 Juniper Road, Darien, CT
One of the largest waterfront properties in Darien. Magnificent 11-room estate on 7.1 private acres looking south to Long Island Sound and north to Goodwives River and Rings End Bridge. The 8,300 sq.ft. home includes: great room with 12’ ceilings and 2 limestone fireplaces, gourmet kitchen with breakfast room, family room with stone fireplace. 10 sets of French doors to expansive flagstone terrace. 5 en-suite bedrooms with water views, 8 bathrooms, full basement with billiard room, astroturf play room, workshop. Includes a pool/spa, outdoor shower and dock and more!



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29 Barn Lane, Bridgehampton
Beautiful 6-bedroom, 6-bathroom home conveniently located between Bridgehampton and Sag Harbor. This 6,400 SF Dutch Gambrel home is the perfect place to relax or host family and friends this summer. 10’ – 11’ ceilings throughout main level including a designer kitchen featuring breathtaking stonework with Sub-Zero, Wolf and Miele appliances. The master suite showcases a luxurious bathroom. Finished lower level, upgraded construction features, and integrated concierge services by Chaloners make Barn and Vine the easiest home for you.

Barn and Vine

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Unprecedented Compound, East Hampton NY
Featured in the Wall Street Journal Mansion section and the New York Post, this luxurious 23-acre compound minutes from East Hampton Village includes an approx. 18,000-sq.ft., 12+ bedroom main house, chic 6-bedroom former carriage house, and charming horse stables with paddocks and riding fields. The Cotswold-inspired main house with heated gunite pool, oversized spa, pool house, and hard-court tennis is framed by stone courtyards, covered arbors, and idyllic gardens.



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265 Thimble Island Road
Lifestyle & Luxury meet the sea in this 4 bedroom waterfront home with panoramic views of the Thimble Islands. This home embraces it’s surrounding & is the epitome of seaside elegance. The interior is caressed with charm & character. The walls of windows bring in the light of illuminating ocean sunrises & by evening the interior space is filled with picturesque evening sunsets. The lush side courtyard & wrap around deck both take on spectacular water views making this home the envy of the most rich & famous.

265 Thimble Island Road

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11 Musket Ridge Road, Wilton CT
Perched at the top of a roaring Silvermine River waterfall on almost 4 acres, the property spreads out into Wilton and New Canaan. Every inch of this home has been perfected to capture the timeless appeal of the river while exuding ultimate refinement and good taste. The architect-designed home captures river views and sounds, and almost every room opens to one of the magnificent decks or to a private balcony.

11 Musket Ridge Road

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