A vacation house in New York’s Hamptons is getting more expensive as Wall Street bonuses and stock-market gains fuel a jump in luxury-home sales. The median sale price of a Hamptons home rose 13 percent in the third quarter from a year earlier to $865,000, appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate said today in a report. Purchases surged 31 percent to 701. Thirty-nine homes sold for $5 million or more, a 70 percent jump and the second-most in quarterly records dating to 2006. Hamptons buyers, largely employed in New York’s financial industry, completed purchases following the best year for Wall Street bonuses since the financial crisis. After sales of primary...
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