Christopher Covert
Phone
(917) 834-0635
Email
[email protected]
July 29, 2024
Summer is in full swing, and no more so than in our Hamptons office. With over $300M in new and exclusive listings introduced to market since June 1st, and more than $200M in private market opportunities in our portfolio, Buyers and Sellers alike are out in full force.
Q2 numbers are robust: the increase in inventory has not had an adverse effect on pricing – in fact, the data show continued upward pressure, and the number of closed transactions more than doubled year over year. And with that we have seen a slate of new Buyers - as well as many who were holding on the sidelines - getting in on the action, and we are putting deals together at a quick pace.
Fall is traditionally the busiest time for the Hamptons real estate market, and we expect a continued increase in activity. With September approaching, Buyers would be wise to show initiative, and Sellers to be prepared to capitalize on this anticipated momentum.
In the meantime, enjoy these summer days. As always, we are always happy to discuss the Hamptons luxury real estate market so please don’t hesitate to reach out.
