By Michelle Trauring
Not even two months into 2012's real estate market, local agents and brokers are already taking a similar stance across the East End: cautious optimism.
Though the national economy is still struggling to get back on its feet, numbers in the Hamptons are suggesting a turnaround in a big way. And the weather of late hasn't hurt, either. Sunny skies are bringing out tourists earlier than ever to scope out rentals and properties to buy, agents and brokers said. Whenasked to forecast the coming year, they predicted a challenging yet buy market- if the last seven weeks have been any indication.
David Zazula, agent for Halstead Property in East Hampton:
"If the start to the year is any indication, it will be busy in both rentals and sales. Because of the good weather, people have been out every weekend looking to rent for the summer, and they are paying full price or close to it. With prices stabilizing and low interest rates, the sales market has also been very active. It is price driven, but there are deals getting done and lost of inquiries. I've never been busier, and I expect it to stay that way for awhile. I'm also seeing an increased interest in vacant land."
Thursday, February 16, 2012