Homes sell at discount in Hamptons auction

March 24, 2009 10:25AM

Homes in the Hamptons were sold for nearly 50 percent off the listing prices in an Internet auction. A three-bedroom, 2,277-square-foot home in Westhampton went for $488,000, 39 percent off the listing price of $800,000. A three-bedroom, 1,800-square-foot condo in Southampton Village sold for $701,000, 45 percent off the listing price of $1.275 million. But the other homes in the 16-property auction, organized by Prudential Douglas Elliman brokers, failed to sell because prospective buyers’ bids did not meet the reserve prices.

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