Monday, February 9, 2015
MONDAY MORNING MARKET REPORT.... HAMPTONS WEEKEND ACTIVITY!
The results of this little "report" are not very scientific but I'm trying to make it as accurate as possible. It is compiled from a cross section of about a dozen broker and agents from different companies and all have more than 5 years in the business and have at least a hand full of listings and are actually earning a living. It's a "Hamptons Chatter" exclusive and hopefully more accurate than a Brian Williams special report broadcast but not quite as detailed as PBS' Newshour.
Rental traffic has also been effected by the bad weather. While there is still ample rental inventory, homeowners are choosing to hold out for whole season rentals before breaking down to monthly terms due to the slow traffic. We can also expect to have more rentals to be added to the market as agents continue to update from 2014.
The above factors have impacted overall activity and influenced it's grading as a "C" weekend. This is on a grading system of "A" being extremely busy and an "F" being dead as a door nail. Look for a jump next weekend as the President's Day Holiday has traditionally been a busy time for everyone on the East End.
Meanwhile, since so many Hamptonites have been hunkered down and snowed in more times than not these past few days, I have a suggestion that will make that time in front of the fire and flat screen a little more bearable. Why not grab a box of wine? Yes, a box of wine. But before you roll your eyes, I'm here to tell you these aren't your "cheese cubes and Ritz crackers" boxes of wines. With some of the biggest and best vineyards in Europe and California already boxing their potable spirits, it was only a matter of time before Long Island vineyards joined the trend. If you don't believe me, check out this article from Edible East End ... it's worth the read!
So remember, stay warm be careful on the icy roads and remember to top that box to get the last drop! Cheers!