Wed. Oct 27th, 2021



This year is filled with luxury deals across the Hamptons, New York City and South Florida, according to a new report from Bespoke.

The Hamptons have had 87 deals at or above $ 10 million so far this year, for a total of $ 1.6 billion. New York City counted 173 transactions totaling $ 2.9 billion. Meanwhile, there were 279 trades in South Florida, totaling $ 5.4 billion. Dollars.

“The big pickup is that 2021 surpasses 2020, which is a little hard to imagine,” said bespoke CEO Joseph De Sane.

In the third quarter, The Hamptons saw 24 trades, slightly higher than the 20 listings in the same period in 2020. However, there was a 24 percent drop in the average selling price, from about $ 20 million to $ 15 million.

New York City, which struggled with sales last year with the pandemic that locked the city, marked a 192 percent increase in sales volume. The third quarter had 68 sales totaling over $ 1 billion. In the third quarter last year, there were only 23 sales.

Twenty-nine percent of all the city’s deals in the third quarter came from the Upper East Side.

“When the city is on and all the lights are on and we see this kind of transaction, it’s a sign to me of an environment and a city that is ready to get back to work,” De Sane said.

South Florida experienced a similar booming market. In the third quarter, the region had a 25 percent increase in sales compared to the previous year. 60 properties were sold compared to 48 the year before. Still, the second quarter counted massive 140 transactions.

Waterfront properties were especially popular with buyers. 62 percent of Miami-Dade dealers were at the waterfront, and in Palm Beach County, there was an 83 percent increase in the waterfront year on year.

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