Summer rental activity up in Hamptons, Martha’s Vineyard

TRD New York /
Jun.June 01, 2010 05:30 PM

At left, 39 Cobb Hill Lane in the Hamptons, and Martha’s Vineyard

Families seeking summer rentals in the Hamptons and Martha’s Vineyard might be disappointed since brokers said that many of the best properties were locked up months ago, according to the Wall Street Journal. “Some companies have reported
advanced bookings increased as much as 60 to 80 percent over last season,” said Alex Risser, president of the Vacation Rental Managers Association, a non-profit entity that manages 150,000 vacation rentals. The Northeast market is performing especially well this year, due to rising consumer confidence and stronger economic growth. The summer rental market is
also benefiting as consumer tastes increasingly move away from hotel rooms toward rental homes and condos, which offer more space and cost savings. Vacation rental website says that inquires about rentals in the Hamptons are running 55 percent higher than the same period last year, one of the biggest gains among the destinations tracked. Requests for vacation rental information on Martha’s Vineyard are up 14 percent. Although availability in both places iis low, Alexis de Belloy, vice president of, said there are still properties available for families willing to be flexible. [WSJ]


Related Articles

(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

From left: a rendering of 3 Sutton Place, Joseph Beninati and Gamma Real Estate's Jonathan Kallikow

Failed Sutton Place developer files for bankruptcy

(Credit: Getty Images)

Express to close 100 stores, stock jumps 21%

Flo Rida is building a vodka distillery in Fort Lauderdale Opportunity Zone

Flo Rida is building a vodka distillery in Fort Lauderdale Opportunity Zone

Real estate brokers are feeling more positive about the business for the first time since dark clouds started appearing a year ago. (Credit: iStock)

Brokers feeling more upbeat for the first time in a year: REBNY

Fathom Holdings CEO Joshua Harley (Credit: Fathom)

Virtual brokerage Fathom Holdings files for IPO