Hamptons Home Prices Fall the Most Since 2013

  • In beachfront towns, deals for less than $1 million jump 22%
  • Yearly bonuses for NYC financial employees poised to decline

Home prices in New York’s Hamptons fell the most in almost three years as buyers in the beachfront towns sought out less-expensive properties and shunned the middle of the market, priced from $1 million to $5 million.

Homes in the area, a second-home mecca favored by Wall Street executives, sold for a median of $825,000 in the third quarter, down 13 percent from a year earlier, according to a report Thursday by appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate. It was the biggest annual decline since the fourth quarter of 2013…

Hamptons Home Prices Fall the Most Since 2013

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