Top 10 Most Expensive 2009 Hamptons Sales
Top 10 Most Expensive 2009 Hamptons Sales
A report came out this week from Town & Country with the 2009 Top 10 most expensive homes sold in the Hamptons. I know how everyone loves luxurious pads and top 10 lists so here we go… The most expensive sale, a Southampton Village property that went for $25,895,000, would have been #5 in 2008 and #10 in 2007, and it was almost $7 million higher than the second most expensive home sold and the only home to go for over $20 million.
Expensive Hamptons Homes
In 2000, an $8 million house was the subject of a New York Times article called Wowing them with Excess in the Hamptons, in which construction workers and brokers alike talked about the massive growth and dramatic growth in spending. That house wouldn’t even make this year’s top ten, let alone warrant an article in the Times.
While some have been saying that 2009 was the bottom of the market for the Hamptons, it remains to be seen where and how average and top prices will stabilize, and when the region will again see market growth. Over the past decade, 2005 was the most active year in the market and 2007 the most expensive, with the #1 sale being a $103 million two-property sale in East Hampton.
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