Great for a Wedding or Event
The Hamptons rental market continues to steam along out here in our paradise on earth. The website/blog curbed hamptons recently posted an interesting discussion about the strength of the rental market. Unfortunately there is little empirical data since there is no central clearinghouse, like an MLS for example, in the Hamptons. The data is highly fragmented among multiple agencies and it’s impossible to know exactly whats going on in the market. That said, at Rosehip we believe the market is approximately 50% rented based upon our database and the number of properties that have gone “Inactive-Fully rented,” which we track and which currently stands at 37% in our system. The fully rented status does not account for monthly rentals that have been made where there are additional time periods still available, or for listings in our system that have rented for the season that we might not have gotten the word about. The close to 3000 listings on Hamptonsrentals.com is updated directly by owners as well as by our team of 15 agents on an ongoing basis so we have a pretty good sense of available vs. rented inventory. Apparently the word is getting out as we have just been interviewed by WCBS all news radio 880 AM. Check out the interview here; there’s a button you can press for the audio version as well. If you want a Hamptons rental give us a call, it seems we’ve become experts!
