It is no surprise that people flocking to the Hamptons want water by their summer homes -- but even just a pool will do, a new analysis recently showed.
Properties featuring pools in the Hamptons sell at a 23 percent premium with a median asking price of $2.7 million, an increase from the second quarter of this year, according to a study by Out East, an online residential listing portal and Zillow Group subsidiary.
But that has not changed the fact that buyers still want a waterfront property with an ocean or bay view. Those homes near the bay sell for $1.05 million more, at a medium asking price of $3.25 million, while homeowners who want ocean access will spend $6.4 million to be by the Atlantic Ocean.
Out East's study also notes that the top most popular places on the South Fork that are now drawing people are Amagansett, East Hampton, Southampton, Montauk and Sag Harbor. Homebuyers are spending, on average, up to $3.1 million.
At the same time, "we’re noticing an uptick in interest for homes west of the Shinnecock Canal,” says Matt Daimler, general manager of Out East. “Historically, the most sought-after towns have been farther east, but the more affordable prices and shorter commutes from the city are drawing renters and buyers to towns like Hampton Bays, Quogue and Westhampton Beach.”