Q: What kind of real estate opportunities does the summer season offer?
A: All properties in the Hamptons look their best during the summer and evoke the true essence of the Hamptons lifestyle. Sellers that are situated close to the ocean beaches and waterfront activities are definitely at the forefront during this time of the year.
Q: Which Hamptons enclaves are attracting the most inquiries right now?
A: Sag Harbor continues to be the hotspot of the Hamptons, with the village of Southampton and the Bridgehampton estate area getting a lot of attention as well.
Q: Is renting more popular than buying?
A: Not necessarily; this current market continues to offer great opportunities for the astute buyer.
Q: What kind of market are you seeing?
A: Properties that are priced in “the market”
and in good locations are active. However, listings that are priced aggressively will tend to chase the market with 20 percent to 30 percent reductions over several years before trading within 10 percent of their final list price.
Q: Who has been purchasing homes in the Hamptons?
A: It continues to be a mixture. There are young families who are first-time second-home buyers looking in the $2M and under range, and there are also more seasoned Hamptons homeowners in the higher price points.
Q: Any notable openings in the area recently?
A: Westhampton Beach seems to be getting a lot more attention—the area has been undervalued for years and is now definitely coming into its own.
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