With 23 transactions totaling approximately $400.2 million, Q1 significantly outpaced the same period last year, posting a notable 77% increase in transaction volume and a 61% increase in total dollar volume compared to Q1 2024. This robust start underscores continued high demand and active buyer engagement, setting a positive tone for the year ahead.
Oceanfront properties experienced remarkable momentum, with trade quantity surging by 300%, increasing from one transaction in Q1 2024 to four transactions in Q1 2025, accompanied by a 92% growth in dollar volume totaling $152 million. Bespoke notably facilitated the second-largest oceanfront trade at 1320 Meadow Lane, Southampton, with a sale price approaching $50 million, reinforcing renewed ultra-high net worth individual (UHNWI) interest in premium oceanfront estates.
Inland properties maintained strong appeal, demonstrating a strategic shift among buyers toward accessible yet exceptional options. Transactions in this segment increased by 70%, reaching 17 trades, with total dollar volume up 52% to $222.26 million. Bespoke further highlighted this trend by facilitating the third-largest trade in Amagansett at 266 Marine Boulevard, valued at $12.9 million, emphasizing continued interest in prime mainland locations.
Notably, land and teardown properties, which has had slow movement in previous years with high construction costs, made an impactful comeback with a substantial 384% increase in dollar volume to over $53 million from two trades—highlighted by Bespoke's facilitation of the quarter's largest land/teardown transaction at 1320 Meadow Lane. This resurgence underscores the scarcity-driven premium placed on prime buildable locations.
Turn-key properties emerged as the dominant category, driven by buyer preference for immediate occupancy. With 18 transactions totaling nearly $313 million, turn-key properties saw a 125% increase in trade quantity and a significant 70% increase in dollar volume compared to Q1 2024. This marked their strongest Q1 performance in the past five years, illustrating robust demand for hassle-free, move-in-ready solutions.
The $10–$20 million price segment saw particularly strong buyer interest, experiencing a 111% increase in trade quantity and a 127% increase in dollar volume, confirming sustained buyer preference for properties within this approachable luxury tier. Conversely, the $20–$30 million segment recorded lower activity, indicating a strategic pivot among buyers toward other market opportunities. At the uppermost tier ($40 million and above), activity remained consistent with two significant transactions, including 1320 Meadow Lane, totaling $110 million.
“Early-year engagement underscores just how much liquidity has returned to the Hamptons,” says Cody Vichinsky, Founding Partner of Bespoke Real Estate. “When best-in-class inventory surfaces, buyers move quickly and decisively.” For example: Bridgehampton witnessed a striking increase from one trade at $10.25 million in Q1 2024 to four trades totaling $55.9 million in Q1 2025—a 300% rise in trade quantity and a 445% jump in dollar volume, signaling a substantially higher average sale price of nearly $14 million. Similarly, the Amagansett-Montauk area demonstrated year-over-year growth between first quarter, from 2 sales totaling $23 million to 4 sales totaling just over $60 million, a 159% increase in volume. Wainscott also stood out through Bespoke’s facilitation of its largest and only transaction at 4 Georgica Association Road, with a last asking price of $16 million, marking the neighborhood's first $10 million-plus trade in Q1 in three years.
Looking ahead to Q2 2025, current macroeconomic considerations coupled with an exceptionally active first quarter suggest a cautiously optimistic outlook. Sustained momentum, particularly within inland and mid-tier segments, positions the Hamptons market for continued robust activity.
