Decreased prices, volume contribute to Hamptons rebound, Liebman says
November 25, 2009 04:30PM
The Hamptons residential market is on its way up, due in part to lower
prices and reduced inventory, Pamela Liebman, CEO of the Corcoran
Group, said on the company's "Scoop" series. Consumer sentiment in the region has improved, said Liebman, adding that many in the industry feel the market may have bottomed out. "I think that for some people they feel that the prices there have really come down substantially and now might be a good time to step in," Liebman said. Recent market reports have shown a jump in activity in the region, with the number of third quarter sales this year hitting 459 in the Hamptons and North Fork, according to Prudential Douglas Elliman, a 29.3 percent increase from the same time period a year earlier.
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Comments
Anonymous
What a self promoting joke. Once again, Corcoran is playing copy cat. The "interview series" was started years ago by innovative companies. They are the last to the game, and no too good at it! This must make Barbara sick to her stomach.
Comment #1 Posted By: Anonymous 11/26/09
Anonymous
Another witless broker speaking lies and self-serving deception. Anyone who believes this garbage is even more witless. The Hamptons is a market severely overpriced and over valued...chock full of ill-mannered people with too much money and no class. Who would want to be there? Stick a fork into the Hamptons...it is finished.
Comment #2 Posted By: Anonymous 11/27/09
Anonymous
Sorry #4, the Hamptons will never be finished but I must agree that prices are still way overvalued. Case in point, a Montauk home on the market for 3 years at 10 mil recently closed for 4. Prices will continue to drop and the Dubia mess will only add fuel to the fire.
Comment #3 Posted By: Anonymous 11/27/09
Anonymous
OH PAM LIEBMAN----YOU AIN'T NO BARBARA!!
Comment #4 Posted By: Anonymous 11/28/09
Anonymous
Prices are down 50 percent already in the Hamptons from 2007 highs. They may fall a bit more, but not much more. Sales are brisk, which shows that people with financing are jumping back in. Whether prices go back up anytime soon is doubtful, but if you're looking for that beach house you previously couldn't afford, now may be the time.
Comment #5 Posted By: Anonymous 11/30/09
Anonymous
more witless, self promoting bs jibber jabber, yum yum!!
Comment #6 Posted By: Anonymous 11/30/09
Anonymous
Can someone gently help this person with image. This is an extremely unflattering picture.
Comment #7 Posted By: Anonymous 12/01/09
Anonymous
#7 Its called Staten Island sheek.
Comment #8 Posted By: Anonymous 12/03/09