Hamptons Real Estate Smashes Record on Wall Street Wealth

1 min read
Source: CNBC
Hamptons Real Estate Smashes Record on Wall Street Wealth
Photo: CNBC
TL;DR

The Hamptons’ median home price jumped to a record $2.34 million in Q4, up 34% year over year, driven by all-cash purchases from Wall Street and tech investors and a shift toward higher-priced homes. The average sale price reached $3.76 million and $5 million-plus deals hit a record 82, with inventory remaining tight. The summer market is already off to a strong start, with early rentals and buyers from New York, California and Florida seeking premium oceanfront properties.

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