Monday, December 30
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After a record year for real estate in the Hamptons in 2014, 2015 is already off to a great start. The rental season looks promising. With a strong stock market, low interest rates, new construction booming, and every hamlet in demand, consumer confidence is high. The Hamptons continue to attract people to its world-class beaches, charming villages, and trendy lifestyle.
Matthew Breitenbach, has left the Corcoran Group to join Douglas Elliman’s Bridgehampton office. At Elliman, he will target properties in the $10 million-and-up range, as well as tap into its new sports and entertainment division.
By all accounts, 2014 was a phenomenal year for Hamptons real estate. With sales volumes up across the board, new construction in high demand, and an uptick in prices, the market is predicted to do extremely well in 2015.
A top executive in the fashion industry becomes one of the top-producing brokers in the Hamptons.  Nancy currently represents sellers, buyers and renters throughout the Hamptons, and along with her husband Michael Burns, have been recognized for their involvement in the Hamptons Designer Showhouse, which donates all proceeds to Southampton Hospital.
HRES had the pleasure recently of interviewing Pat Petrillo of Sotheby’s International Realty, Southampton. One of the most satisfying parts of her work is the personal relationships that develop with both buyers and sellers.
In an area known for palatial abodes, it’s odd to note that several highend condominium developments are cropping up. Keith Green a broker at Halstead Property and head of sales at the new Harbor’s Edge in Sag Harbor, attributes the trend to the fact that “one baby boomer turns 65 every 7.6 seconds.” Having reached that certain age, the postwar generation no longer wants to be strapped to a typical Hamptons’ house where “it takes 11 to 15 people to maintain it.