RealtorDiaries 'My client didn’t find anything right for him. A colleague has this funny line that I thought was fitting here: 'This is the Hamptons, honey. We can disappoint you at any price point.''
Photo-Illustration: Curbed; Photos: Alamy, Getty Images In this biweekly series, “Realtor Diaries,” we hear from the people at the center of a wilder-than-ever market. Today, an hour-by-hour glimpse into the working world of Kieran Brew, 58, a broker in the Hamptons.I respond to some texts. This morning, I’m talking to someone I’m planning on showing rentals to later today.
A lot of people bought out east in COVID times with the presumption that they could rent for tons and tons of money — that’s how they justified their investment. During peak COVID time, you could easily rent your house for $400,000 a month. Two years later, prices have settled back to where they were before COVID. Now you can find something near the water for $55,000 for August and September.
10:30 a.m. I go to the first showing with the Amagansett Lanes renter. It’s basically an original “Lanes ranch” from the ’60s. Problem is, so is the decor, and not in a good way. I think they’re terrific. They’re big, well appointed, 5,000 square feet or so with finished basements, pools, pool houses, and big open kitchens. They’re basically what everyone wants — they’re beautiful, and there’s absolutely nothing undesirable about them, but people throw them into the McMansion category, which feels a bit snobbish to me. The big guys sell for $8 million or $9 million.
2 p.m. I’m heading back to Ditch Plains. Besides Amagansett Lanes, this is the other area everyone wants. It’s barefoot-surfer paradise. You can skateboard to the beach. It’s where a lot of young families want to be. There are basically no properties on the market right now. I have at least five buyers who can spend millions and want Ditch, and there’s nothing to show them.
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