The Real Deal New York

Hamptons Q1 home sales above $20M jump 300 percent from last year

April 25, 2018 01:35PM

The number of homes sales in the Hamptons jumped 20 percent in the first quarter of 2018, compared to the same period a year before, according to numbers from residential real estate firm Town and Country. There were also 300 percent more home sales closing at more than $20 million. East Hampton Village had a particularly strong quarter, with 100 percent more sales than during the same time in 2017 and the area also saw a median sales price increase of 154 percent, to $7.6 million. Behind the Hedges attributed the robust quarter to the new tax code and a strong stock market. [Behind the Hedges]