H
ouses on Griffing Avenue in Westhampton Beach are highly sought after, and when they do come to market, they sell quickly. According to Ashley J. Farrell of Corcoran, the village's limited turnover and generational ownership make properties here rare and valuable.
The Hamptons' summer season is typically a time for people to enjoy good weather, but this year many real estate agents have been busy. We asked several top agents about their experiences with clients and deals over the summer, seeking insights into the current mood of the market.
Ashley J. Farrell listed 17 Griffing Avenue in Westhampton Beach on July 22nd. The property attracted rapid interest due to its location and limited availability of homes in the area. By the end of the week, an offer was made, contracts were signed the following Monday, and the home went into contract just nine days after listing.
Matt Breitenbach notes that a "reverse snowbird effect" is occurring in the Hamptons real estate market. New Yorkers who moved to Florida during the pandemic are now spending their summers in the Hamptons, driving up demand for homes.
Yorgos Tsibiridis reports a renewed interest from buyers and serious activity this summer. Many buyers have been searching for a while and understand value, leading them to seek turnkey homes or pre-construction properties that can be customized to their specifications.
Deborah A. Pirro describes the market as "on fire," with definitive, educated buyers and sellers making deals. She has successfully listed several waterfront properties, attracting serious buyers who have been searching for a long time.
Niko Cejic shares an experience where two separate buyers pulled out of deals at the last minute, highlighting the unpredictability and emotional volatility in the current market.
Rod Cummings notes that the premium market is hot, with cash-ready buyers eager to purchase. His listing at 100 Griffing Avenue sold in just one week due to its prime location and luxurious features.
