Breitenbach Real Estate

The snow has finally melted from the Hamptons! The cold is still here, but at least there is not much snow left.

As I look out the window in my office in Bridgehampton, I am wondering what will happen to the Hamptons real estate market in 2010? The Christmas bonanza has finally ended. The year is at a close and it is now a time to reflect. My mother and I did over $120 millon in sale transactions in 2009. Considering the economic climate, I think that speaks directly to the true uniqueness of the Hamptons market. There were great signs there that the Hamptons real estate market was begining to balance and that 2010 would continue those feelings. The New York Times thought a little different (http://www.nytimes.com/2009/12/30/business/economy/30econ.html?ref=business). When I read these articles though, I don’t believe every word because the Hamptons is such a different market. The Hamptons is it’s own beast. These articles that broadly span the real estate markets across the whole country should not directly correlate what is going on in the Hamptons.

The Hamptons market is it’s own geographic climate all together. It moves different. It reacts different. It most certainly grows different then 98% of the real estate markets in the country.

As I sit here and reflect about 2010, I feel that if the economic calamity of 2009 could not sink the Hamptons real estate market I don’t know if anything can. I am not saying the Hamptons are as vibrant as ever, but I am saying there is something about the Hamptons that makes it special, unique, and a place that will always hold value even while the world is burning around it. That “something” about the Hamptons is tough to pinpoint exactly. It is tough to define. The Hamptons beauty is special. The connection to New York city is special. The embilical cord to Wall Street is special. The celebrities. The beaches. The clubs. All special.

I don’t know exactly where I am going with all this, but I do know I do enjoy working and living in this special place. As I gaze out the window into the cold and crisp December air, a smile is able to creep on my face because I know 2010 cannot possibly be as disheartening and scary as 2009. Maybe it can. I am optimist though and I know once 2010 comes upon us, and the grass eventually turns green again, and the beaches open as winter turns to spring to summer. I have faith the Hamptons will once again show us how special she truly is.

This entry was posted on Wednesday, December 30th, 2009 at 3:10 pm and is filed under Life in the eyes of a Hamptons Broker. 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.