Aleksandrina Penkova, a first-generation immigrant from Bulgaria, has proven that hard work pays off in life. New to the Hamptons, Aleks dove head first into real estate by joining the top producing Avigdor team at Douglas Elliman. She immersed herself into the business, devoting every moment to learning and expanding her skills so that she could better serve the teams’ many clients. After three successful years as a team partner, Aleks was ready for the next exciting phase of her real estate career. Now on her own, she is ready and eager to serve her growing list of happy clients here in the Hamptons.
What brought you to the Hamptons? I came on a student work and travel program. I had no idea that the Hamptons was such a popular destination at the time, which in hindsight is great because I was not biased in any way by people’s perception of it. I loved the vast ocean beaches, sprawling farm fields, clean air, beautiful natural light, and the sense of community which still are my favorite parts about living here.
Your degree is in Economics and Finance. Was real estate your first career choice? Real estate is such a comprehensive field. It requires a lot of analytical work and following market trends if one wants to be a well-rounded advisor. So, in that sense, my educational background has been very helpful. My goal is to ensure that the clients I work with not only get the home of their dreams, but also that it is a sound investment. Buying or selling a house is one of the biggest decisions people make in their lives, and it can be very stressful, so they need a calm, trusted professional, which aligns with my personality. I appreciate being a part of such a major decision and bringing value to the buyer or seller by ensuring a seamless process. It is also a very enjoyable one, as I meet so many interesting people and build long-term relationships with them.
What assets do you possess that help your clients? Integrity, knowledge, work ethic. Having strong principles is so important in life when acting on your own behalf, but when someone entrusts you with representing them in such a major transaction, you must understand the responsibility of that trust and not betray it. Real estate is ever changing and every good professional needs to follow the local market and how it can be affected by political and economic factors. My clients are busy professionals in their areas of work, so I strive to be a valuable data resource when it comes to local real estate.
Your thoughts on where the market is heading this summer? There has been a sustained sales surge over the last year. Since the beginning of 2021, demand has been exceeding supply — there is new inventory, but it is coming on at a much slower pace than demand. In my opinion, the niche that will be impacted most is new construction, as it gets absorbed at the highest pace. That, coupled with the number of pre-construction deals taking place, will lead to lower supply towards the end of the year and even next year. Demand will stay strong throughout the summer and fall.
Tell us about one of your favorite listings and why it’s a good deal? It is an elegant traditional home with an open floor plan and beautiful yard with southwestern exposure. Great central location in Bridgehampton horse country, backing to 82 acres of polo fields. 216 Millstone is moments to town and gorgeous ocean beaches, you immediately feel like you are on vacation. Listed at $3,695,000.
Aleksandrina Penkova, Licensed Real Estate Salesperson
Douglas Elliman Real Estate