The five priciest streets in the Hamptons had median home sales prices of $4.2 million to $11 million in the first half of the year, according to a report from PropertyShark.com.
The Hamptons real estate market is showing signs of cooling off, with 48 percent fewer home sales in the first half of 2022 compared with the first half of the previous year. Still, prices continued to increase, with the area’s median home sales price topping $1.5 million in the first six months of 2022, about a 5 percent bump from the first half of 2021.
The following five streets, where there were three or more sales closed in the first half, led the way as the priciest in the Hamptons:
Dune Road in Quogue was the number one priciest street with an $11 million median sale price in the first six months of 2022. Of the three transactions that closed during that period, the largest was the $17.5 million sale of an oceanfront 8,300-square-foot home at 232 Dune Road.
Marine Boulevard in Amagansett came in second place on the priciest list with a median sale price of $8.9 million. The highest sale on the street was a waterfront home at 51 Marine Blvd. that fetched $9.5 million.
Bluff Road in Amagansett took the third spot on the priciest list with a median home sale price of $6.7 million. Bittersweet Lane in Sag Harbor had the fourth highest median home sales price in the first half at $5.4 million and Dune Road in West Hampton Dunes clocked in fifth with a first-half median home sales price of $4.2 million.
The priciest list was compiled by PropertyShark.com by looking at streets that had three or more home sales closed between Jan. 2022 and June 2022. Package deals and sales under $10,000 were excluded.
Image and article originally from libn.com. Read the original article here.