Hamptons real estate market sales smash records as wealthy flee New York City

Real estate prices in the Hamptons jumped 46% in the third quarter, as sales soared by over 50%.
The median sale price in the Hamptons is now higher than Manhattan’s, at $1.2 million, as more of the city’s wealthy fled to the beach and remain there.
CNBC’s Robert Frank
CNBC Television video.

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NEW YORK MANHATTAN BUSINESS CLUB USA