The Hamptons first quarter has been quite active this year with sales volume greater than 2018. Tim Davis of Corcoran Real Estate is seeing activity around the entire market though buyers are definitely interested in purchasing at the right price. Transactions are happening later into the season each year as their tri-state buyer pool is enjoying an extended winter lifestyle in southern/warmer locations. Several high-end transactions have closed with many others under contract, which brings positive energy to the market, despite New Yorkers dealing with changing tax laws effect after April 15th. The negative press is starting to shift with regard to the real estate market as more sales leak their way into the mainstream media; this is incredibly positive. Tim Davis has learned for himself, that speaking to the public about the actual transactions taking place (albeit often at discounted pricing) provides for a positive conversation about the stability of our market and the reasons why the Hamptons will always be a safe destination to live and invest in for the world.
Click here for more information on The Hamptons first quarter with Corcoran’s First Quarter 2019 East End Market Report.