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Tag: hamptons real estate

What is the average house price in the Hamptons? 

Even if you have never visited the area, you are surely well aware of the Hamptons and their place in upper class society on the east coast of America. People from all over the country and the world are familiar with the Hamptons and its preeminent spot in culture. 

There is a high volume of mansions in the Hamptons and the several waterfront locations that consist of it. The mansions vary in size and style but they are all top of the line, the best of the best, and very expensive. In fact, the Hamptons is one of the most expensive regions in the country. 

There are countless celebrities populating the Hamptons year round. From retired politicians to CEOs, business people, and Hollywood elite, you’re really somebody if you own a spot in the Hamptons. And while some people do in fact own their property in the area, other people only rent out summer houses, which also cost a pretty penny too. 

If you are one of the lucky few who would like to buy a house in the Hamptons, you need to be aware of a few things, most importantly, the average house price in the Hamptons. Hamptons real estate isn’t always necessarily easy. The good news about the Hamptons is that you are getting a lot of great value for the money you spend. You can rest assured that you’ll invest in a very nice, cutting edge property that will be far nicer than any other home you’ve lived in.

How expensive is it to live in the Hamptons? 

If you are looking to buy a home in the current housing market in the Hamptons, you need to be aware of the median property price in that region.

According to the yearly Town & Country Market Report, the average house price in the Hamptons were up 1.71% since last year. The median average price of a house in this part of the country was about $1,780,000. That is a definite increase from the years before, although the price of a home in the Hamptons varies and you can find something that is both more and less expensive.

The price of housing across the country faced a downward trend during the recent COVID-19 pandemic but that wasn’t the case for housing in the Hamptons. In fact, it was one of the few locations where the price point for most property actually went up during the epidemic. That is because there were many wealthy people from nearby New York City who wanted to escape the hectic, scary situation in the big city and moved to the Hamptons for safety and peace of mind.

What neighborhood should you live in?

One of the best things about the Hamptons is that there are several popular neighborhoods in the area and each of them are well worth your money. They don’t come cheap, of course, but they are all packed with wonderful architecture, terrific amenities, and beautiful views too. 

The most popular neighborhoods in the Hamptons are Southampton, East Hampton, Montauk, and Sag Harbor. Each of them bring their own benefits and, thankfully, the home prices in each area are usually fairly similar.   

What is the average price of a Hamptons single-family? 

Imagine being able to visit the Hamptons during the popular, gorgeous summer months. You’d be just a few minutes away from the beach and your days would be spent in the sun while your nights would be spent around a yummy barbecue and fire pit in your backyard. 

If you’re looking to spend a good amount of time in the Hamptons, buying a single-family house might be a great approach for you. 92.4% of all sales are single-family homes, showing how high the interest is in that region for a more private and spacious living environment compared to condo living closer to the city center.

You can find single-family in the Hamptons for a median sales price of $1,542,000. These will come with the great location that people desire when they move to the Hamptons. It is important to note, however, that they don’t always stay on the market for too long since demand is always high. 

What is the average price of a Hamptons condo? 

The average price of a condo during the last quarter of 2023 was $774,000, with prices on a downward trend from the previous year. Condos sales represented about 7.6% of all the property sales, showing a net preference for single-family housing in the area.  

What is the average price of a Hamptons luxury property? 

The median price of a luxury property during the last quarter of 2023 was $6,195,000 with an 18.5% decrease from the previous year. About 6.6% of all sales in the Hamptons during Q4 2023 were over $5 million dollars.

Summary 

If you are living in the Hamptons, you can be proud of the fact that you’ve finally made it and reside in one of the nicest parts of the country. The area is worth it if you have the desire to live in this luxurious region with easy access to the beach and a quiet living environment. If you are serious about moving to the Hamptons, you should contact us at BARNES New York. We understand that luxury real estate can be complicated but we know the ins and outs of the industry and are ready to find a home that fits you perfectly. 

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Why should you buy a house in Southampton?

Why should you buy a house in Southampton? Imagine waking up in the morning and being less than a ten minute walk away from some of the most stunning beaches in all of the east coast of the United States? You don’t have to call a ride or hop in your car to get to the amazing coast. Instead, you can simply wander down the street and be there in no time at all. 

That is a reality for the people who live in Southampton, New York. Long known as one of the most incredible beachfront communities in America, Southampton is a sight to behold. It’s a mix of amazing businesses, stunning restaurants, incredible houses, and beaches that will give you endlessly sensational summer days. If your dream is to buy a house in Southampton, you’re in the right place.

Moving to Southampton is what you might be looking for. There is a lot that you need to know about the real estate market in this part of the country. You need to be aware of what you are getting yourself into when you are moving to Southampton. But you should also be excited because this region offers you things that simply aren’t available in other parts of the country.  

Let’s take a deep dive on what is provided for you when you move to Southampton. Moving can be tiring and expensive, so you want to be sure you’re getting a lot of that investment, right? The good news is that you are. 

How much does it cost to live in Southampton?  

The price of living in Southampton, New York is almost always very high no matter what sort of residence you are looking to buy or rent.  

According to the Town & Country Real Estate Market Report, the median sales price in the Hamptons as of Q3 2023 was $1,812,500, a 12.23% increase from last year. These are typically the luxury mansions in Southampton. Houses for sale in Southampton can be cheaper than that, however, with some selling at just under a million dollars. 

There are also lots of land that are available for purchase in Southampton. These typically cost close to half-a-million dollars but you will also have to spend for the construction of your house. 

Why buy a house in Southampton? 

As you can see, buying or renting in Southampton is going to cost you a lot of money. Even the most inexpensive locations in this area are going to be far more than many other parts of the country.  

But it is important to always remember that you are going to get a lot of great value for your investment in Southampton. Not only will you be getting a house or condo or luxury mansion that is top of the line, but you will also have access to amazing beaches, terrific businesses, and a bunch of local events that make Southampton special. What is it about this part of the country that keeps people coming back, aside from the high-end, expansive homes? 

Dining

As you may have expected, there are a lot of fine dining choices for you when you are living in Southampton. In fact, you can find a number of great high-end eateries that will offer great quality and ingredients.  

One of the most expensive and popular restaurants in Southampton is Plaza Cafe, known for its delectable tastes and wonderful plate presentations. Main Prospect is yet another fancy eatery that is known for its great taste as well as its wonderful flourishes on the plate. Cowfish, as well, is included in that group. 

But there are other restaurants in the area that are much more affordable while still amazing. 75 Main, Le Charlot, and Bamboo Restaurant and Sushi Bar are just a few of them.

Culture

Southampton isn’t just a sleepy beach town. Instead, there are many things you can do in this city that you can’t do just anywhere. The Southampton Mela, Pride and Let’s Rock are a few of the events that are exclusive to the city and show its strong personality and culture. 

There are also a few art galleries and museums in the area that show off the rich history of the region. The Solent Sky Museum, SeaCity Museum, and Tudor House and Garden are just some of the locations that will provide hours of entertainment and education too. 

Outdoors 

Of course, many people come to Southampton not for the museums or the food but for the stunning beaches. Sure enough, there are multiple unique seaside spots in this city that will take your breath away. The Road D Beach is just one of them, along with Southampton Beach, Coopers Beach, Cryder Beach, and more.  

You will never be lacking a place to watch the tides come in and out with Southampton. It is true that some of these locations will get pretty crowded in the summer but you can almost always find a place that is comfortable. There are few better ways to end the day than watching the sun go down while sitting in the sand at a Southampton beach.  

Summary

Southampton, New York is one of the most gorgeous, stunning locations on the east coast. However, it is also one of the most expensive. If you are comfortable spending the money for your next luxury home, you will be able to find something that is right up your alley. If you want to make the move and buy a house in Southampton, you should contact our expert team of realtors at BARNES New York. We know Southampton inside and out and we also know what you should be aware of when you are trying to find a luxury home that you can call your own.  

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Where should you buy a house in the Hamptons? 

The Hamptons is a grouping of towns and villages on the far eastern side of New York’s Long Island and borders the Atlantic Ocean. It is easily accessible by car or bus from the city, and travelers should expect an approximately 2-hour drive from the center of Manhattan. If you wonder where you should buy a house in the Hamptons, keep on reading!

Many people—celebrities, the wealthy, and well-to-do travelers—use the Hamptons to get away from the hustle and bustle of New York City for a while. So buy a house in the Hamptons is a very good choice. With its scenic ocean surroundings, more rural setting, and historic landscapes, it’s easy to see why. Spend enough time in the area, and you’re bound to run across someone famous. 

But the Hamptons offer much more than just resorts for a short stay or extended summer get away. It, too, provides an array of condominiums and single-family homes for year-round stays. 

Which area is best for me? 

Depending on whether you want an ocean side getaway, an inland home with plenty of yard space, or even a modern condominium, the Hamptons have you covered. With so much open space and plenty of options available, there are so many great areas to choose from when considering buying real estate in the Hamptons. 

Exactly where are the Hamptons? 

The Hamptons are located in Suffolk County, which is directly east of Nassau County, the county that borders the New York City borough of Queens. As stated previously, it is accessible from New York City via a 2-hour car drive or a trip by commuter bus. For those wishing to take a train, that option is available, too. The Hamptons are just 3.5 hours away from New York City by train. At the 2020 United States census, Suffolk County listed a population of over one million spread between its cities and towns. 

Which areas are best in the Hamptons? 

When considering to buy a house in the Hamptons, options in Suffolk County’s cities, there is little to complain about, especially as you drift toward the Hamptons. Being in the narrow-most stretch of Long Island, the Hamptons offers plenty of housing with immediate access to water. Even the housing options that don’t come with water access still come packed with amenities like land, greenery, and cozy surroundings. 

It then becomes a pick of preference. Do you want an ocean side getaway? Or do you want a tucked away escape? Then, consider exploring Southampton and East Hampton for real estate options. 

Small residential houses on the seaside in the Hamptons.

What is in Southampton? 

Southampton consists of many towns and hamlets and a thriving community full of food, shops, a strong community, and activities. It has a closed-off bay protecting it from the waves of the Atlantic Ocean and is the ideal place for a relaxing environment. Perhaps the most popular area of Southampton are the Hampton Bays. 

What are the Hampton Bays? 

The Hampton Bays are technically a hamlet, which, in New York, simply means a populated space not defined as a city or town. Think of a hamlet in the same way you would a neighborhood within a large city—a populated part of the city, but not a city by itself. Three bays border the Hampton Bays—the Great Peconic, Shinnecock, and the Tiana—meaning there is plenty of waterfront real estate to go around. 

What options are there in the Hampton Bays? 

As stated above, The Hampton Bays are surrounded by water, even more so when you consider the creeks and ponds that extend inland from the ocean. There is a little something for everyone here, ranging from quaint 2 bed/ 1 bath homes to extravagant 5+ bed/ 5+ bath ocean side homes. And don’t worry, the architecture in the Hampton Bays is aesthetically pleasing, and there is no wrong answer for house buying here. 

The southern section of the Hampton Bays is where most of the housing is gathered. It’s also where many of the restaurants, bars, and shopping centers are located, too. Oceanside dining is Hampton Bays’ forte, and there are no shortages of options. With plenty of indoor and outdoor dining options, crafting a scenic and memorable dining experience is effortless. 

Does Southampton have a downtown? 

Situated a little inland from the ocean, on the tip of Agawam Lake, is a quaint downtown area for Southampton. It offers all of the necessities like schools, shops, dining, hotels, and hospitals while also offering cultural adds like an arts center, museums, parks, and sports fields. 

What options are there in East Hampton? 

East Hampton offers a more spread-out, suburban feel when compared to the popular Hampton Bays in Southampton. Its long coastline cuts right up to the Atlantic Ocean and offers some breathtaking scenery. There is a downtown similar to that of Southampton and, perhaps, bigger and more frequent nature parks complete with hiking trails and wildlife. 

The famous Montauk Point Lighthouse in the daylight, with a view of the sea.

Where can I find more information about real estate in the Hamptons? 

Options to buy a house in the Hamptons are exploding, with more and more people moving away from the city, in part because of the global pandemic and others wanting to branch away from densely-populated areas. The cities and counties surrounding New York have really blossomed—and a lot of that New York City culture is moving along with it.

Meaning that if you crave buying a home and getting that New York City lifestyle, you don’t have to look into Manhattan solely. Now, more than ever, real estate in the Hamptons is on the rise. To check out the best listings that the Hamptons offers, along with guidance and expert advice, check out BARNES New York. 

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Why should you consider buying a dream property in the Hamptons?

By Annie Newman

Did you ever find yourself thinking about purchasing your dream home? We often hear of names of cities and areas across the United States that are synonym with beautiful beaches, sceneries, celebrity homes, luxurious manors and fancy streets. Some of the most popular places in the United States that come to mind when thinking of those dreamy places include Beverly Hills, Miami Beach, Manhattan and most definitely the Hamptons in New York State. When one thinks of expensive oceanfront homes, places like South Florida and California come to mind but make no mistake, the Hamptons can live up to the highest expectations for offering some of the most breathtaking beachfront properties that the East Coast has to offer. The Hamptons real estate market is worth exploring for your choice of a primary or second home.

Luxury properties in the Hamptons

Real estate prices in the Hamptons rank among the most expensive zip codes in the United States. Buyers can expect to find houses for sale in the Hampton Bays that range from 40 to 100 million dollars. The high value of these homes can be attributed to their proximity to Manhattan, one of the most sought out places to live in the world, and the desirable beachfront location. The Business Week magazine cites Sagaponack, Water Mill and Bridgehampton as being the first, sixth and eighth most expensive zip codes in the U.S. The southern tip of Long Island is comprised of the different neighborhoods of the Hamptons that can be accessed easily from New York City. The population of the Hamptons increases greatly during the summer as well as during many weekends throughout the year. Theatres, golf courses, and shopping in the area are considered exclusive and highly regarded. Most people in the country have heard of the Hamptons but due to its exclusive nature, many have not yet even visited the region. There are more affordable homes in the Hamptons, but it is very common to find residences there in the higher price ranges.

A favorite vacation spot for New Yorkers

Many New Yorkers who are looking to buy a second home often consider the Hamptons as a close-by and first choice peaceful escape from the big city life. It is refreshing for people who live in the densely populated metropolis to view oceanfront homes that are spacious, quiet and incomparable in size to residential properties in the Big Apple. Even with a budget for investment in the millions of dollars, homes in New York City are bound by the limited space that is available and one cannot even dream to have a home in Manhattan as large as can be found in the Hamptons. Houses for sale in Southampton are particularly desirable because they are part of the commercial center of the region. It also includes the largest communities in this part of the Long Island strip. Hard working New Yorkers who have the budget to purchase a second home in places like Florida don’t always have the luxury of time to travel often to those places. Those other locations may require a flight or longer vacations and time off to be accessible. On the other hand, the Hamptons is just a drive away for New Yorkers and they can enjoy going there even for weekends if they cannot take a lot of time off to travel to more far away vacation destinations. It is truly a great choice for people all across the New England area who are looking for a private and upscale setting for their second home.

The Hamptons are no longer known just for vacation homes

During the Covid Pandemic, many people across the United States and especially in big overcrowded cities like Manhattan started to head out temporarily to more quiet regions where they didn’t have to be concerned with densely populated buildings and big crowds. Now, many of those big city residents are starting to find a new appreciation for regions that are more livable yet still quite close to the attractions of a metropolitan area. For many New Yorkers, their second home in the Hamptons have now become their first choice of residence throughout the year. Those who appreciate luxury and a more extravagant yet quiet lifestyle flock to places like the Hamptons that have so much to offer. Some wealthy residents of places like Manhattan still find themselves investing a lot of funds into tiny condos or apartments that are highly priced solely because of their location near Wall Street or Times Square. In the Hamptons, buyers can obtain more amenities and living space in return for their investment. The prices that are high reflect more value in the actual property itself. A two bedroom apartment in Manhattan can have the same asking price as a home in the Hamptons that is many times the size. Private beaches, celebrity sighting, peaceful and less crowded streets, picturesque views, proximity to the big city for work, are all part of the reasons why the communities in the Hamptons are becoming increasingly popular. The architecture in the Hamptons is pleasant to the eye and many homes built across the country even describe themselves as being built with a ‘Hampton Style.’ That style includes natural looks, wide spaces, sunlight, color, and relaxed living styles. The Hamptons include historic and charming buildings, old farming communities as well as the most modern and up to date architecture and decor. This coastal area has some of the most stylish and grandiose homes one can find in any beachfront community in the nation. It is most likely that sales in the area post-pandemic will only increase in the near future.  

BARNES New York is at your disposal to help you choose your dream property in the Hamptons due to a strong team of experts that are available to guide you in your search for your perfect residence.

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