Clayton & Clayton Realtors, Inc.

Wall Street Buyers Fuel Rebound in the Hamptons - Video

Bloomberg reports

York, home sales more than doubled in the second quarter from a year earlier, solidifying a turnaround after two years of Wall Street reluctance to splurge on beachfront property. Bloomberg’s Gigi Stone reports. (Source: Bloomberg)

Hamptons, New York, home sales more than doubled in the second quarter from a year earlier, solidifying a turnaround after two years of Wall Street reluctance to splurge on beachfront property.

Transactions climbed to 479 in the towns on Long Island’s East End, the second-biggest jump in at least a decade of record keeping. Larger, more expensive homes boosted the median price 17 percent to $900,000, New York-based appraiser Miller Samuel Inc. and broker Prudential Douglas Elliman Real Estate said in a report today. The largest sales rise was in the first quarter.

For the complete Video, please visit bloomberg.com

 

 

 

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