Breitenbach Real Estate

After a dreadful and very long winter, summer is finally upon the Hamptons again. With all the economic doom and gloom, this particular Hamptons summer included a lot of questions marks for the first time in the last two decades. But with a sizzling Memorial day weekend, a rebounding sales market, and a hot rental market, that doom and gloom is slowly fading and has been replaced with beach towels, celebrity sightings, and all the gossip you can handle in Hamptons magazine. The arrival of Memorial Day and June (even though the weather has felt more like Seattle), has brought high spirits to the Hamptons. Prices have come down and buyers are jumping at reduced prices and amazing values. The idea of closing and moving in for summer are all positive features. The arrival of summer has jump started a Hamptons market that was hanging in the doldrums for most of the winter and spring. With incredible values lurking and the summer in it’s infancy, expect the Hamptons market to keep rising until the fall when those pesky question marks might start coming out of the closet yet again.

-Matthew Breitenbach

Associate Broker

The Corcoran Group Real Estate

“Proven Results in a Challenging Market: Over $50 million in Transactions in 2009 Alone”

This entry was posted on Tuesday, June 16th, 2009 at 8:25 am and is filed under Hot Topics, Places to Go. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.