EAST HAMPTON, NY-From a state of inactivity in last year, home sales in the Hamptons have bounced back with sales of up to 636 single-family homes in the Q2 of 2010, up 85% compared to that of the same period previous year.
Although the Hamptons realty market prices have declined during the downturn, home sales have rebounded well. A 3-acre estate situated in East Hampton traded for $25.5 million and a 6.5-acre property was sold for $43.5 million. For the full story, go to Wall Street Journal.
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