– Hamptons Luxury-Home Prices Soar On “Very Strong” Demand, Limited Inventory:
Despite the slowest growth in US home prices in ten years and significant price drops in numerous West Coast cities, luxury property values in New York’s Hamptons marched higher in the first quarter.
As per a Bloomberg report, citing appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate, luxury property transactions in the top 10% of the Hamptons housing market reached a median price of $8.54 million, an 11% increase compared to the previous year. The average price of the highest-end homes in the seaside playground for Wall Street’s billionaires jumped 33% to a record of $16.1 million.
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