Wall streeters are back in the hamptons house market

Wall Streeters, emboldened by the return of big bonuses and hopes of a light at the end of the recession tunnel, are buying in the Hamptons.

The summer playground of wealthy New Yorkers has seen a 59 per cent jump from the first to the second quarter of this year.

A report Suffolk Research Service shows overall residential sales in the East End's five towns jumped from $596million in the first three months of 2011 to $948million in April, May and June.

The five towns are Southampton, East Hampton, Shelter Island, Southold and Riverhead.  

Source:  DailyMail.co.uk