Advice to Hamptons Luxury Home Buyers: Be ‘Picky and Patient’
- Empty homes pile up as $10 million-plus property sales decline
- Buyers’ appetite ‘soft on top’ as listings linger for longer
A home in the Hamptons.
Photographer: Bruno ShreckThis article is for subscribers only.
It’s a buyer’s market for luxury properties in the Hamptons this summer.
With the biggest market glut in more than seven years, prices in New York’s seaside getaway are “soft on top and tighter as you go lower,” said Jonathan Miller, chief executive officer of appraisal firm Miller Samuel Inc.