BOTTOM FISHING: New Year’s Price Cuts

Montauk hilltop house, 512K

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.

East Hampton cottage near Three Mile Harbor, 530K

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

Three Mile Harbor, East Hampton

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.

About cara

I blog for fun here at casaCARA, and write about architecture, interiors, gardens and travel for many national magazines and websites. My recently published posts and articles can be found here: https://casacara.wordpress.com/recent-articles/
This entry was posted in BOTTOM FISHING, HAMPTONS, LONG ISLAND, PROPERTIES FOR SALE, REAL ESTATE/INVESTING and tagged , , , , , , , , , , , . Bookmark the permalink.

One Response to BOTTOM FISHING: New Year’s Price Cuts

  1. I can’t believe I didn’t know about streeteasy.com. Great resource! Thanks.

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