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Real Estate Market

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Market Snapshot

1 %
FORECAST APPRECIATION IN 2019 (ZILLOW)
$ 20
Per SQFT

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$ K
Median Home Value

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$ 1 K
Median List Price

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Active Listings

12
Listings

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20
Homes

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Condos

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1
Vacant Lots

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Last Month Sales

12
Sales

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$ 600 K
Average Price

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Days On Market

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Real Estate Market Data Courtesy of Boco Realty LLC

EXECUTIVE SUMMARY

Overall Market Review
Water Mill is a small hamlet in comparison to neighboring Southampton and Bridgehampton, but its historic charm and quiet feel have drawn many wealthy homeowners. The environment is a mixture of waterfront, farm fields and woodlands with sustainable agriculture. The visual and performing arts are celebrated at places like the Watermill Center, started by avant-garde opera designer and director Robert Wilson, and at the East End-focused Parrish Art Museum.

What Does This Mean Going Forward?
Homes in Water Mill have been selling for seven and eight figures, as hedge-funders and celebrities discover it as an alternative to the busier Southampton and Bridgehampton. Celebrity residents include talk show host Kelly Ripa and her husband, actor Mark Consuelos, who own a mansion in a wooded area of the hamlet. The late shoe designer Vince Camuto restored a Gatsby-era waterfront landmark in this hamlet that was listed for $72 million.

Luxury Market
Water Mill is a small hamlet in comparison to neighboring Southampton and Bridgehampton, but its historic charm and quiet feel have drawn many wealthy homeowners. The environment is a mixture of waterfront, farm fields and woodlands with sustainable agriculture. The visual and performing arts are celebrated at places like the Watermill Center, started by avant-garde opera designer and director Robert Wilson, and at the East End-focused Parrish Art Museum.

Condos
Homes in Water Mill have been selling for seven and eight figures, as hedge-funders and celebrities discover it as an alternative to the busier Southampton and Bridgehampton. Celebrity residents include talk show host Kelly Ripa and her husband, actor Mark Consuelos, who own a mansion in a wooded area of the hamlet. The late shoe designer Vince Camuto restored a Gatsby-era waterfront landmark in this hamlet that was listed for $72 million.

Land
Water Mill is a small hamlet in comparison to neighboring Southampton and Bridgehampton, but its historic charm and quiet feel have drawn many wealthy homeowners. The environment is a mixture of waterfront, farm fields and woodlands with sustainable agriculture. The visual and performing arts are celebrated at places like the Watermill Center, started by avant-garde opera designer and director Robert Wilson, and at the East End-focused Parrish Art Museum.

Rentals
Homes in Water Mill have been selling for seven and eight figures, as hedge-funders and celebrities discover it as an alternative to the busier Southampton and Bridgehampton. Celebrity residents include talk show host Kelly Ripa and her husband, actor Mark Consuelos, who own a mansion in a wooded area of the hamlet. The late shoe designer Vince Camuto restored a Gatsby-era waterfront landmark in this hamlet that was listed for $72 million.

buyer or seller?

Seller

Hot Spot

<$450K

12-Month Change

Up 8.5%

12-Month Forecast

Up 2.7%

Neighborhood Value

Under $250K
$250K to $500K
$500K to $750K
$500K to $750K
$750K to $1M
Above $1M

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