Like most other real estate markets in the United States right now, prices on the end of Long Island in the Hamptons are not only on the rise, they’re reaching record highs. If Manhattan is where America’s ultra-wealthy go to work, the Hamptons are most certainly where they go to play, and for the second quarter of 2013, the South Forks sales total reached $1.145 billion. This is the highest number recorded since appraisers Miller Samuel started tracking in 2005. A simple starter home in the area is classed as any $1 to $5 million dollar listing, numbers to which its residents no longer bat an eye.
How much would you be willing to pay for a little piece of the Hamptons?
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