Pursuits
Hamptons Home Prices Jump as Wall Street Gains Fuel Sales
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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.