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Boomtown in Long Island: Six communities see median house prices surge as much as 82% in a year

Boomtown in Long Island! House prices surge by as much as 82% in a year with buyers bidding $40K over asking price as pandemic drives New York exodus Luxury Hamptons getaways are being snapped up as soon as they hit the market with hopeful buyers facing competition from around a dozen other bidders per property The median house price on Long Island is up by 15.4% in the last quarter of 2020 compared to 2019 Popular areas of Locust Valley, Lindenhurst, Westbury, Freeport, Stony Brook and Medford are witnessing a surge by at least 15%  Prices in Locust Valley are up by around 82% to a median price of $1,037,500 in the last quarter of 2020

Historic Hamptons New York Estate Most Expensive For Sale Ever

One of the most expensive single-family homes for sale in the United States is right here in New York. The 48-acre compound, which was once owned by Henry Ford II, has just been listed for sale in the Hamptons. The 20,000 square foot mansion at 90 Jule Pond in Southampton is now under contract with Bespoke Real Estate with an asking price of $145 million. According to the New York Post the house was bought in 2002 for $22 million and then renovated in 2008. Get our free mobile app I just watched Ford vs Ferrari last weekend and Henry Ford II was portrayed by actor Tracy Letts. I could totally see him living in the huge, over-the-top imposing vacation home.

$145M Hamptons Estate is Under Contract, May Break Record

$145M Hamptons Estate is Under Contract, May Break Record
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