Median home prices in the Hamptons hit an all-time high in the fourth quarter, as Wall Street bonuses and tech wealth fueled a new wave of buyers in the New York beach communities, according to brokers.
The median sales price in the Hamptons hit a record $2.34 million in the fourth quarter, up 34% from last year, according to a report from Douglas Elliman and Miller Samuel. The average sale price soared to $3.76 million. The number of homes selling for over $5 million also hit a record, at 82, according to the report.
“In the past few years we’ve seen a tremendous upswing in wealth in the Hamptons,” said Jonathan Miller, CEO of Miller Samuel.
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