Hamptons Home Sales Decline to Three-Year Lows

The video discusses the Hamptons housing market, highlighting its close ties to Wall Street and Manhattan. It notes a decline in sales activity, aligning with trends seen in Manhattan a year prior. The market is stabilizing, with sales returning to historical averages. High-end properties, particularly those over $5 million, are experiencing a slowdown. International buyers, mainly from Europe, have been active, but their influence is waning due to a strong dollar. The market is seeing a shift towards more normal buying patterns post-financial crisis. Palm Beach emerges as a competitor to the Hamptons.

What is the current trend in the Hamptons housing market compared to historical averages?

• Sales have completely stopped.

• Sales are consistent with historical averages.

• Sales are at an all-time high.

• Sales are significantly below historical averages.

Which price point in the Hamptons has seen a significant quieting in the market?

• Below $1 million

• Between $1 million and $3 million

• Above $5 million

• Between $3 million and $5 million

Which group of international buyers has been most active in the Hamptons market recently?

• Middle Eastern

• Europeans

• Russians

• Chinese

What is the average sale price in the Hamptons as of the latest data?

• $4 million

• $2 million

• $1 million

• $3 million

Which location is emerging as a competitor to the Hamptons for buyers?

• Cape Cod

• Martha's Vineyard

• Palm Beach

• Nantucket