The Hamptons Real Estate Market Outlook.
These charts speaks volumes for the hamptons real estate market. We find ourselves in a very interesting period of the real estate market. We see prices increases dramatically in a matter of weeks; the chart shows us about 3.5 weeks. In that period of time, X amount of people decided to put 15 more homes on the market. Westhampton Beach Real Estate stats server as a good medium for most Hamptons Real Estate prices, give or take a few variable percentages (Oceanfront, size, etc).
**Note: 11978 is the area code of Westhampton Beach: the difference lies in the “Projected Value” ( [BLUE LINE] what was estimated it would be) versus the “Actual Value” ( [GREEN LINE] what it currently is). The difference is around 4.625%, which, in terms of these numbers, is huge. That number could be the difference between 3 years on the market and 3 days on the market.
Westhampton Beach, 11978 Summary
The median sales price for homes in ZIP code 11978 for Aug 12 to Oct 12 was $1,475,000. This represents an increase of 137.9%, or $855,000, compared to the prior quarter and an increase of 24.1% compared to the prior year. Sales prices have appreciated 25.9% over the last 5 years in 11978, Westhampton Beach. Average listing price for homes on Trulia in ZIP code 11978 was $1,843,813 for the week ending Mar 13, which represents an increase of 0.9%, or $16,063 compared to the prior week and an increase of 2.2%, or $39,138, compared to the week ending Feb 20. Average price per square foot for homes in 11978 was $754 in the most recent quarter. ” – Courtesy of Trulia