Home Prices in New York’s Hamptons Fall 13% as Buyers Seek Cheaper Deals
Home prices in New York’s Hamptons,
the beachside retreat of financiers and celebrities, declined 13
percent in the fourth quarter from a year earlier as buyers
opted for less-expensive properties.
The median price of homes that sold in the three months
ended Dec. 31 fell to $780,000 from $900,000 in the fourth
quarter of 2010, appraiser Miller Samuel Inc. and broker
Prudential Douglas Elliman Real Estate said in a report today.
A surge in purchases of properties for $5 million Read more [...]