Hamptons luxury home sales soften as Wall Street weakness takes a toll

The market for luxury homes in the Hamptons, the summer playground for Wall Street's wealthiest, is losing some of its luster as financial markets limp along for a second year. The average price of the 10 most expensive homes sold in this cluster of towns, villages and hamlets on Long Island's east end was $35.5 million in 2015, 20 percent lower than the $44.6 million recorded the year before, according to real estate brokers Town & Country Real Estate in East Hampton.