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Pricing Too High And Expecting Low Offer Not Best Strategy To Selling


Sellers in this uncertain housing market who are pricing their houses to sell at or close to the asking price are employing the best strategy, local real estate brokers said this week. Brokers said pricing a house too high, expecting lower offers, is not the best strategy in this market of tumbling prices.

Third Quarter Encouraging - Market Turns Around?


The third quarter numbers are better than expected according to real estate agents around the Hamptons who have been pleasantly surprised by the strong showing reflected by quarterly reports as October draws to a close. Some are predicting a continued upswing encouraged by the third quarter showing which may indicate the market hit bottom in the winter of 2009 and is now on the rise. 1 comment

Rosehip Partners Real Estate


Rosehip Partners, a real estate brokerage, opened its doors for business in July 2008. "It may not have been the most auspicious time to launch a new real estate agency, given the collapse of the real estate market," said partner James Young. "But in a sense it was the perfect time for us." 2 comments

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broker's outlook

Bidding Wars...Pent Up Demand


Susan Breitenbach, Associate Broker with The Corcoran Group, has handled over $1 billion in real estate sales since she began her career more than two decades ago. Breitenbach's impressive sales record has placed her at the top of the list of the Hamptons top producing brokers for years.

Good Deals Are Everywhere... Demand Emerging Again


Enzo Morabito, Executive Vice President at Prudential Douglas Elliman Real Estate in Bridgehampton, states "I am extremely optimistic for sellers and buyers. The two parties are no longer speaking different languages." Morabito, born in Italy in 1946, started in real estate in 1989, and as he recalls "I got my license right as things collapsed."

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real estate spotlight

Village Compound, Steps To Havens Beach


This spacious, newly renovated 1850's Sag Harbor home is sun-filled and conveniently located. It's set on one acre, just steps to Sag Harbor's Haven's Beach, Yacht Clubs and everything else.

transfers

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national headlines

Hamptons Real Estate Is Suddenly Sunnier, Hamptons Home Prices Rise...And More

1. Hamptons Real Estate Is Suddenly Sunnier [Crain's New York Business]
2. Hamptons Home Prices Rise as Buyers Return to $2 Million Deals Share Business [Bloomberg]
3. U.S. commercial property up in 3rd quarter [Reuters]
4. Commercial Real Estate Debt Spreads Rise as Fed Rejects Bonds [Bloomberg]
5. Luxury Auction Seeks 'Absolute' Market Value [Housing Wire]
6. Custom-Built; Customer Opted Out [New York Times]
7. Flipping a Coin, Dividing an Empire [New York Times]

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real trends

Real Estate Market Trends

Real Estate Market Trends for the Hamptons. Includes charts and graphs.

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