Things are looking up in the Hamptons. Buoyed by a rising financial tide down on Wall Street, the volume of property sales in the ritzy Long Island beachfront community surged by 59% in the final quarter of the year, compared with the hyper-depressed levels of a year earlier, according to a report released Thursday. The results mirrored activity in Manhattan, where activity also picked up in the second half.

“It is still the Hamptons, people see value there,” said Dottie Herman, chief executive of Prudential Douglas Elliman, adding that her brokerage logged its best sales month of the year in the Hamptons in December. Typically, December is the slowest month. “There were a lot of people who saw opportunity to get into the market at a good price.”

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