Hamptons Real Estate Market Breaks Records in 2020

As New York City’s real estate market foundered during the pandemic in 2020, home sales in the Hamptons boomed.

It began with a rush for spring rentals. New Yorkers sought beach access and airy quarters months earlier than they had in previous years. Then, as the weather warmed, many of those renters, who were paying exorbitant monthly prices, began to buy. Others joined them, and the buying spree continued through the fall and winter, as the housing supply on the East End of Long Island dwindled and prices climbed.

Sales in the Hamptons rose annually at the highest rate in a decade, according to a new report from Douglas Elliman. For the year 2020, the median sale price hit $1,202,500, a 40 percent increase from 2019 and the first time the year-end price broke the million-dollar threshold. The number of sales for the year rose by 37 percent, to 2,186, compared with 1,597 in 2019.

Record-low mortgage rates have enabled buyers to pay inflated home prices, and many Manhattan office workers who have spent the pandemic working from homes on the East End have helped turn the Hamptons and the North Fork into year-round communities, at least for now.

“The

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Lexington real estate shatters sales records, prices increase in 2020 despite COVID

Jan. 27—Buoyed by near record-low interest rates, real estate transactions in Fayette and surrounding counties topped $3 billion in 2020, a new record.

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The number of Central Kentucky sales was also up compared to 2019 with 15,309 sales in 2020 compared to 14,153 the year prior, according to Lexington-Bluegrass Association of Realtors.

That’s an 8 percent increase.

Total sales were $3.5 billion, up 19 percent from 2019. It was the first year that total sales topped $3 billion.

December was also the 22nd straight month of increasing home prices.

In Fayette County, the median home price in December 2019 was $203, 985. In December 2020, the median home price was $229,000, a 12 percent increase.

“Last year was phenomenal for real estate in terms of overall transactions,”said Kristy Gooch, president of LBAR. “It served as a catalyst for the economy when many other industries weren’t so fortunate. It also shows how much demand there is for housing in our region.”

The available inventory of homes for sale is also low, driving up demand, real estate officials said.

December recorded a drop of 50 percent in total homes on the market with 1,633 residential properties for sale across all

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William Means Real Estate records best year in 87-year history | Business

William Means Real Estate announced that 2020 was the best in the company’s 87-year history with $308 million in overall sales, a 45{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} increase over 2019.

This is the highest recorded sales increase of any boutique company in Charleston. They represented the highest sales number of homes priced at $3M or more for a boutique firm with more than $250M in overall sales. This included homes all over the Charleston area including South of Broad, Sullivan’s Island, Kiawah Island and more.

“This record-breaking achievement solidifies our position as the top firm in Charleston luxury real estate,” said Helen Geer, president and broker-in-charge for William Means Real Estate. “During the past year, the housing market led to an increase in buyers from around the country moving to the Charleston area. These clients sought out the services of our established team of agents and trusted our firm to help them call the Lowcountry home.”

Some of William Means most impressive designations in 2020 include: Number one boutique firm in sales and sides in the I’On community in Mount Pleasant. Number one boutique firm in sales and sides for Belle Hall in Mount Pleasant. Number one boutique firm in sales on Sullivan’s Island.

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