In last year’s issue, we reported record- breaking sales, and for the time, they were. Yet so far, the Hamptons has had 87 $10 million+ transactions in the first three quarters of 2021, only six less than the number of sales in the entire year of 2020. As markets stabilize this year, this sales rate indicates a healthily growing Hamptons market as we head into the fourth quarter and 2022. In turn, the Hamptons market has met the 2020 sales volume total in the first three quarters, at $1.6 billion in sales volume year to date.
The second quarter stood out this year the most, carrying 55 percent of the year’s sales volume and 48 percent of the number of sales, marked by a 100 percent increase in number of sales between Q1 to Q2. While market activity in the third quarter slowed down a bit, Q3 2021 nonetheless had 20 percent more transactions than Q3 2020, at 24 trades.