The Real Deal New York

Hampton luxury sales are on an upswing: report

July 19, 2017 05:01PM

Thanks to a robust stock market, luxury sales saw an uptick in the second quarter of 2017, according to a Town and Country report on East Hampton, Southampton, and Bridgehampton. Four sales over $20 million closed between April and the end of June, while 10 sales between $10 million and $19.9 million also closed during that period, CNBC first reported. These sales signify a sunny forecast for Wall Street, according to Town & Country CEO Judi Desiderio, who argued that real estate in the Hamptons and the stock market are very much linked. The median home price in the three towns also jumped more than 10 percent to $1.1 million. [CNBC]