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New York

Hot in the Hamptons: Sales prices on the rise

A look at the priciest home sales in five of the South Fork’s best-known towns

101 Lily Pond Lane, East Hampton
101 Lily Pond Lane, East Hampton

From the July issue: As the summer kicks into full gear, the residential market on Long Island’s East End continues to enjoy relatively robust prices, thanks to both the economy and the continued low interest rates.

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The median first quarter sales price in the Hamptons rose 4.6 percent to $920,500 from the same period last year, according to a report by Douglas Elliman, and sales activity increased 2.5 percent. [more]