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Report: Hamptons sales up in 2010

The number of home sales in the Hamptons was up in every single market tracked by Town & Country Real Estate’s newly released 2010 Sales Report, with a combined 42 percent increase in the number of home sales and a combined 41.5 percent increase in total home sales volume for all 11 markets compared to 2009.

Prices were a mixed bag, with four markets showing an increase in the median sales price, while seven showed a decrease. Amagansett and Montauk were the biggest losers last year: Amagansett showed a 22.89 percent drop in median sales price, and in Montauk the median fell 19.75 percent compared to 2009.

But for all 11 markets combined, the median still inched up .55 percent, from $905,000 in 2009 to $910,000 last year.

Things were particularly flush in Sag Harbor Village and East Hampton Village. In Sag Harbor Village, the number of home sales jumped 122 percent from 23 in 2009 to 51 in 2010 and volume saw a 190 percent increase, from $27.4 million to $79.6 million. At $2.925 million, East Hampton Village had the highest median home price on the East End -- a 22 percent increase from 2009’s median.

The markets tracked for this report were Amagansett, Bridgehampton, the East Hampton area including Wainscott, East Hampton Village, Montauk, the Sag Harbor area including Noyack and North Haven, Sag Harbor Village, Shelter Island, the Southampton area including North Sea, Southampton Village and Westhampton.

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