Real Estate
Rich Hamptons Buyers Don't Want Mega-Mansions
Tennis courts are also on hold.
After what felt like an endless stagnant market, mansion sales in the Hamptons have finally shown signs of life. “We’re coming out of a really down market,” said Beate Moore, a broker for Sotheby’s International Realty. “It was very frustrating. But the market has picked up, and we’ve seen a surge of huge sales.”
The numbers, as reported last month, back it up— this year’s second quarter saw 48 home sales priced at $5 million or higher, the most activity in almost a year and a half, according to a report by Miller Samuel Inc. and Douglas Elliman Real Estate.