Christopher Covert
Phone
(917) 834-0635
Email
[email protected]
May 11, 2022
Spring on the East End can mean a lot of things - like 74º and sunny one day, and 47º and raining sideways the next. But it's change that makes things exciting, and it certainly feels like change is coming to the Hamptons Real Estate Market. Looking at Q1 2022, Average and Median Prices were up 35% and 20% respectively, with Bridgehampton showing a whopping 69% average price increase YOY. However an early look at April numbers show new Inventory outpacing Sales and New Contracts for the second time in three months, which may lead to a more balanced market. Then of course there are the abysmal Wall Street numbers for April and the first week of May, increasing interest rates, a plodding and expensive war in Eastern Europe, and, well, consumer confidence is understandably eroding. All of these things point to changes in the market, and I anticipate a dynamic Summer.
We are thrilled to introduce our first offered property in St Barth. Newly constructed to the most stringent of building codes, this tropical modern beauty is both elegant and beach chic. Featuring four bedroom, four+ bath, pool, and of course, ocean views. Offered through our Exclusive Partnership at €6,200,000, this is just the first of many, and you can look at our other offerings in paradise here:
From the team behind Dopo La Spiaggia and Argento Dopo il Ponte is opening in the old Word Pie space in Bridgehampton. Expect casual Italian fare, gourmet pizza, and killer cocktails in a totally revamped and chic setting.
19 Old School House Lane, East Hampton, NY
5 BD | 6 Full & 1 Half BA | 7500 SF | 1.9 AC
Sold at $3,250,000
His comprehensive knowledge of the town and village codes and regulations, coupled with his ongoing study of market movement at both micro and macro levels enables him to provide the most detailed evaluation.
Inquire Now