“Right now the market is experiencing quality activity and we’re selling a lot of inventory that’s priced right from $1.7M to $10M, especially close to the beach from Hither Hills to Ditch Plains.” Chris is “cautiously optimistic that if this trend continues, it will be a great year in Montauk going forward.”
Christopher Coleman Licensed Real Estate Salesperson m: 516-445-1513 [email protected]
“During the first quarter of 2024, 14 homes sold in Montauk – which is 26% fewer than the 19 that traded during the same period in 2023. The median sales price for a home in Montauk was $2,525,000 – which is a slight 1% rise year-over-year. The fact homes are selling for high prices is a testament to the continued demand for property in our hamlet, which is quite simply among the most charming and special on the East End.”
“I would say the market is getting busier. I still feel it’s a sellers market as there is not a lot of inventory, especially under the $2M mark. There seems to be a lot more available in the luxury market but moving a bit slower.”
Susan Ceslow Licensed Associate Real Estate Brokerm: 631-335-0777 [email protected]