Skip to content
Pursuits

Hamptons Home Sales Soar to a Record, and So Do Bidding Wars

  • New Yorkers seeking retreats away from the city push up prices
  • Families are settling into Long Island resort towns full time
Homes in Southampton, New York, U.S.

Homes in Southampton, New York, U.S.

Photographer: Johnny Milano/Bloomberg

New Yorkers swarming to the Hamptons pushed home sales to their highest level in almost 16 years. Buyers also set records for their willingness to overpay.

The Long Island resort towns saw 803 completed deals in the fourth quarter, the most for any three-month period in data going back to early 2005, according to a report Thursday by appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate.