PAULA'S SOUTHAMPTON BLOG: New York: Southampton: Southampton Village

"LOCAL IS AS LOCAL DOES"....MAYBE A "NEW" Tag Line For ACTIVE Real Estate Markets Will Work!!!

"LOCAL IS AS LOCAL DOES"..Maybe A "NEW" tag-line for ACTIVE real estate markets will work!!!

I wrote this post on June 15---exactly 1 month ago and had a modest response to the question:

ARE YOU IN A REAL ESTATE MARKET PLACE THAT IS GROWING DESPITE WHAT WE ARE HEARING IN THE NATIONAL NEWS?

I thank those who responded early on and it made me realize that the local market place is extremely vulnerable right now to National news reports about how bad the real estate market is---Yesterday I heard that the media is now predicting it will take until 2017 before the real estate market begins to improve!!! 

IT CAN NOT BE STATED TOO MUCH: "ALL REAL ESTATE IS LOCAL!" Here in The Hamptons, I reported a few weeks back that we are seeing a serge of sales with a well defined separation between new construction prices and existing homes prices.

LOCAL NEWS NEEDS TO BE TOLD!The difference can be as much as 50-60% higher on newer homes on the same street!--Now this is news! 

On one street here in Southampton, exisiting homes are selling for $1.8-$1.9....Brand new construction sells for $4.2-$4.8Million!!!

I have read nothing about this kind of market data from ANY national reports!!!

One exception is this latest article that hit the nail on the head with an article from Inman News:

http://www.inman.com/news/2011/06/14/timely-local-real-estate-data-trumps-national-reports?

In a race to get the news out about this very fragile real estate market, the media has lost all perspective about the local markets. Those markets which are forging ahead and showing growth in sales volume while prices inch higher are the biggest news makers and yet those stories are lost in the maze of national headlines!

A RACE TO GET THE REAL ESTATE "NEWS" TO THE PUBLICCAN WE HEAR FROM THOSE MEMBERS HERE ON ACTIVERAIN WHO HAVE A REAL ESTATE MARKET PLACE THAT IS GROWING DESPITE WHAT WE ARE HEARING IN THE NATIONAL NEWS?

Timely information is the key to making the right decisions in any industry; in these times of uneven results for most businesses, we need to know what is happening, where it is happening and what the projections are for the near future in our profession!

The public deserves this;  buyers appear to be ready to pull the trigger in many market places. Homes have not been so affordable since the '90s and the need for good, accurate informaion about the "pockets" of success in real estate will make or break our local businesses for the forseeable future.

Let's get the word out--no where else can the public get the well informed opinions about what is really going on in local markets, then right here on ActiveRain!!

PLEASE TAKE THE TIME TO RESPOND WITH AS MANY DETAILS ABOUT YOUR MARKET PLACE, BOTH SALES AND LISTING INVENTORIES!

 

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                                     **ALL INFORMATION AND CONTENT IN THIS BLOG IS ORIGINAL TO PAULA I. HATHAWAY.  The views expressed herein are my personal views and do not reflect the views of Douglas Elliman Real Estate

 

Paula I. Hathaway, Senior Broker Associate, Douglas Elliman Real Estate

Southamtpon Village Real Estate Specialist since 1995;  Also Specializes in North Sea, Noyac, Water Mill and Bridgehampton, New York

Diamond , Gold and Chairman's Circle Awards; Top Producer since 2005

 

Click here to see my Hampton's website to see all my listings; please email me or call me for all your real estate needs in Southampton, Bridgehampton and Watermill:  http://www.elliman.com/paulahathaway

 http://www.hathawayhamptonhomes.com

MY REAL ESTATE SHOWS:

http://www.realestateshows.com/671362

http://www.realestateshows.com/671345

http://www.realestateshows.com/651587

http://www.realestateshows.com/flyer.php?id=654265

 

Comment balloon 25 commentsPaula Hathaway, REALTOR, LBA • July 15 2011 05:48AM
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