The Wall Street mess has crashed into Hamptons home prices.
Third-quarter median home sales price for the Hamptons and North Fork plummeted by 17.3 percent from a year ago and 10.8 percent from the preceding quarter, the biggest drops in more than four years, according to the Manhattan-based Miller Samuel appraisal firm.
The $729,000 median price is a far cry from last year's $882,000, which represented a 23 percent increase from the third quarter in 2006, according to the report, commissioned by Prudential Douglas Elliman Real Estate. There were 355 sales in the third quarter, a decrease of 16.9 percent from a year ago and 34.4 percent from the preceding quarter, data showed.
New York City 2010
