East End summer trends revealed

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With summer imminent, renters and buyers are starting to set the tone in some of the East End’s most frequented vacation towns, determining which areas are hot — and which are still reeling from the recession. Montauk is top dog, according to New York magazine, with buyers and renters flocking to the hamlet once preferred by Bernie Madoff, whose home there sold to Vornado exec Steven Roth for a cool $9.4 million last year. While bargain basement prices aren’t endemic to the region, some areas — like Southampton, Water Mill and Sag Harbor — could still offer some relatively good deals, according to brokers in the region.

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