As a top broker for over fifteen years at Brown Harris Steven's in Bridgehampton, New York, Cynthia brings honesty, knowledge, integrity and respect to luxury Hamptons real estate by putting her client's needs above her own. She has added a new social media and internet sensibility to her marketing of luxury homes and is passionate about delivering exceptional client experiences with her professional work ethic and sharp negotiating skills...
As a top broker for over fifteen years at Brown Harris Steven's in Bridgehampton, New York, Cynthia brings honesty, knowledge, integrity and respect to luxury Hamptons real estate...
Cynthia has deep knowledge of the market in the Hamptons area. She is enthusiastic, proactive, and possesses a tireless work ethic. I not only purchased my home through her, but when we decided to sell it last year, I knew exactly whom we would use to help us navigate the market. We are very pleased with our decision, and will definitely be reaching out to her when we decide to buy another home.
- D. Sullivan
The Hamptons real estate market is constantly shifting and it's important to keep up on the latest market trends. Whether you're looking to buy, sell, or rent a home in the Hampton's, be sure to check out Cynthia's Hamptons Stats, updated monthly!
Hamptons February 2023:
Existing inventory continues to increase starting in January 2023: 1203 available units in January and 1260 in February. (Chart #2 and #3) New-to-the-Market properties in February was relatively flat from January while Sold properties substantially reduced from 98 properties to 72 properties in February. The overall low #’S continue to show that we are near the bottom and supply will have to increase prompting more properties going into contract and then sold.
SPECIAL MARKET UPDATE: The few banking failures of Silicon Valley Bank and Signature Bank only put a very temporary pause on sentiment in the real estate market as the problems were mainly operational based, Investment allocation issues and management oversights. The Fed and FDIC are saving all customers deposits which has put confidence in the markets. Mortgage Interest rates as a result, were reduced by 3/8– 3/4 depending on the mortgage lending institution. There has been flight to the to the largest banks, JP Morgan Chase, BOA, Citibank, Wells Fargo, Capital One, TD Bank etc... Stay tuned.
Tips for Sellers:
Pricing your home to sell is key. Bidding wars are happening when buyers see value. Buyers have been on the sidelines waiting for opportunities. Best not to overprice in this market as the property will tend to sit on the market unsold.
Tips for Buyers:
Let the dust settle and invest in real estate where long term value in Hamptons real estate remains a safe haven.