East Hampton Makes Forbes' List For America's Most Expensive Zip Codes

Zillow Photo: This home at 2 Wainscott Main Street in Wainscott is on the market for $6,995,000

Forbes revealed their list of America’s Most Expensive Zip Codes for 2014, and four villages and hamlets within East Hampton made the list.

Out of 500 zip codes, East Hampton zip codes that made the list the list included:

• Wainscott (11975) - #43, Median price: $2,951,346.15, Average days on market: 308
• Amagansett (11930) - #60, Median price: $2,645,192.31, Average days on market: 362
• East Hampton Village (11937) - #190, Median price: $1,423,129.05, Average days on market: 286
• Montauk (11954) - #194, Median price: $1,412,935.50, Average days on market: 384

According to Forbes, their annual list of America’s Most Expensive Zip Codes is based on data from Altos Research, a Mountain View, California-based real estate analysis firm.

For this ranking, Altos calculated the median home prices for more than 28,500 U.S. ZIP codes (covering 95% of the U.S. population) using asking prices for single-family homes and condominiums listed for sale.

To account for any blips that might occur when an unusually high-priced property comes on the market, Altos used a rolling average for the 90-day period ending September 19.

For each ZIP code, Altos weighted prices according to the mix of property types in that market. As a result, ski towns with a high preponderance of condominiums see their median price pushed down, even if single-family homes in these areas are priced very high.

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