IT’S A NEW YEAR, and there are some new real estate prices to go with it. Lower ones.
According to Michael Daly’s Hamptons real estate blog, there are more foreclosures, 30% price drops in some cases, and lots of activity at the lower end of the market.
So hie on over to streeteasy.com, where you can search for price changes within the last 2 days, and see what those motivated sellers have to offer.
I did. Here’s what I liked among recently reduced properties (remember, these are still asking prices). Click on links below for more pics and info.
Montauk 2BR on 1/3 acre, view of Fort Pond and small ocean view, top, 512K
Nothing cottage on 3/4 acre in East Hampton, above, adjacent to nature preserve and Three Mile Harbor, below, 530K
Still crazy expensive compared to, say, the Hudson Valley, where you can get a renovated Greek Revival on 10 acres for half a mil. It’s all relative, I guess. Around here, 500K is cheap. Sick.