Hamptons Luxury Real Estate Booms
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Despite a $84.9 million price tag (down from $120 million), a luxurious eight-bedroom East Hampton home remains on the market after 450+ days. However, luxury Hamptons real estate agents report a booming market fueled by Wall Street's success, with high-end sales up significantly year-over-year. While buyers are cautious, particularly for second or third homes, prices continue to rise, driven by wealthy individuals, including those purchasing multigenerational properties. A new zoning law may impact future development.
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