-
Quick Tour
Connect. Share. Learn.Welcome to ActiveRain, the #1 social community for real estate professionals.- Explore the world's largest storehouse of real estate knowledge
- Access free training on ActiveRain University
- Share the experience of life in the real estate industry
- Grow your business through real estate blogging
- Blogs
-
Resources
Product Reviews Curious as to what others in your profession think about a certain product or tool? AR's community takes the time to leave honest and transparent reviews of their experiences so you can be a bit wiser about your purchase.
- Broken down by categories and subcategories for easy finds
- Get an unfiltered look at what real users are saying
- Leave a review yourself for others to benefit from
- Add new products as you use them and gain points for doing so
|
Paula I. Hathaway, Senior Vice President, 
;)
;)
;)
Find NY real estate agents and Southampton real estate on ActiveRain.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2013 ActiveRain Corp. All Rights Reserved
13 Comments on MORE SIZZLE IN THE HAMPTON'S REAL ESTATE MARKET!
Paula, I don't know about the sizzle up there, I just hope one of your neighbors closes on my short-sale that's been dragging on for 5 months now..
Paula, when we see numbers that are both more transactions and higher prices, that's a good thing.
Winston: Who is this "neighbor"? I do know that short sales take up to a year or more and rarely take less than that, unfortunately..Good luck with that one!
Patricia: It is good is it not? We are having a very busy season and it looks like it is still heating up!
Very nice to hear. It seems that both coasts are doing well.
Lottie: Good to hear you are doing well too! Let's hope this is the end to the "drought"
Every market has its time. Keep the good news coming. The media needs to get this positive news out there, so the public reads it. Without the public seeing it, it really doesn't mean much.
Joe: You are so right on the mark--the public is drenched with the bad news and we really need to make sure they get the full story--I know there are areas that are NOT doing well but you can not ignore the fact that there are very strong pockets of home sales that we need to watch carefully. These markets, such as the Hamptons tend to be a forcasting or leading indicator for the rest of the nation--If the NAR were to recognize that important factor then the grinding away in the headlines of the all the bad national news would not have such a negative impact on home sales in general.
While Metro DC is NOT the Hamptons, we too are seeing a strong upswing in the market. I assume that "attractive" locations like the Hamptons and Metro DC will be the first to see the recovery.
This is terrific news...a marker that all secondary home/discretionary markets need to pay attention to!
Laura: I guess you too are a leading indicator in this tumultuous market! I think it will be interesting to watch as both of these markets progress..
Sea to Sky: You are so right--and these same people are also buying apartments in the city as if nothing is wrong with the economy!!!
Here in the Palm Springs Valley of California, we too are "sizzling!". The Luxury Market has really picked up and the entry level is saturated with buyers, driving the price/sf up about $10/sf over last quarter of 2011.
Short Sales taking a YEAR???? Short Sales make up about 40% of my business and have for the past 3 years. I have had 2 that took a year. Disasterous negotiators was the problem. Normally, I get them closed in 90-120 days..consistently!
Kimberely: Matbe it's because there are not many short sales here--but what I understand happens is the banks take an offer and even go to contract with a buyer and if they get a better offer efore ot closes, they take that one and "too bad" for the buyer who had the contract---and they DO get away with it somehow!
Glad to hear your business is sizzling! Good luck to you!