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Real Estate Pros See Hamptons Comeback in 2012

Optimism as summer nears, Gotham reports.

Real estate brokers, developers and analysts say the Hamptons market will continue to make a comeback in 2012, Gotham magazine reports.

broker Gary DePersia told Gotham that's it no "broker babble," and he is "cautiously optimistic" going into summer. The strongest areas are Bridgehampton, Sagaponack, Water Mill and Wainscott, while East Hampton saw a tumble in home prices, according to Corcoran.

Gotham also reports that market doubt in recent years has resulted in rising Hamptons rental rates, as people who otherwise would have purchased a vacation home opted for a seasonal rental instead.

Read the report at gotham-magazine.com.

Carmine L. Calabro Jr. March 28, 2012 at 07:11 PM
I am also cautiously optimistic about the RE market here in the Hamptons. Rentals have been outpacing sales for many reasons. I agree with Ms. Darling's assessment of the relative attractiveness of the GWB footprint with respect to comparable value propositions. There is a lot of smart money being invested into this market as well as the N27 corridor.

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