Posted on Monday March 12, 2012 9:47 PM
by Joseph Kazickas 1 Comment »

There has been a fair amount of press recently about the state of the Hamptons rental market. The consensus opinion suggests that the market has been good, if not strong, maybe even hot.

Unfortunately there is no way to accurately confirm that conclusion because the Hamptons rental market lacks a common platform off which all agencies

Newly listed in the Amagansett Dunes - July-LD $55K

operate. It is a fragmented market, with no agency listing all properties in the rental pool. Even a popular advertising billboard such as HREO.com suffers from the defect of multiple duplicate listings, and conflicting data which renders the site useless for an outsider trying to guage the overall well being of the rental market.

Curbed.com is counting the number of property de-activations and the remaining inventory at a handful of the major real estate brokerages as one way to help draw conclusions, but thank goodness they publish the information with a healthy disclaimer as to its accuracy, much less its value in determining the market’s status.

For the moment at least, without a clearing house of some sort, the most accurate information is anecdotal.

Nonetheless, from our perspective, and from conversations with Landlords and competing agencies the 2012 rental season in the Hamptons is off to an earlier and stronger start than either 2011 and 2010. Traffic to the website www.hamptonsrentals.com is up 11% year over year.