The Fourth Quarter of 2019 experienced declines in the number of sales and total dollar volume on both the North and South Forks.
The total number of 2019 South Fork sales declined 43.2% compared to 4Q18 (251 in 2019 vs. 442 in 2018), and the total dollar volume dropped 30.9% to $616.4M.
Due to an increased share of high-end sales, the 4Q19 average sales price in the Hamptons rose 21.7% to $2,456,004 while the median price increased 18.6% to $1,275,000.
