Happy June!
No complaint from me on the heat here, especially after receiving many text messages from clients requesting a special order for sun and warmth! Summer indeed has hit....I will TAKE it!
I have had the good pleasure recently of experiencing some of the finest jazz concerts and performances right here at the AVRAM theatre in Southampton. Tickets are affordable and every seat is a great one. SUNY StonyBrook's "The Jazz Loft" has chosen the AVRAM theatre to showcase these concerts and I am delighted that they will be running throughout the end of the year. Catch one if you can.
CALLING ALL PICKLEBALLERS (OR wannabees) join us for another Cunneen Team Client Appreciation Pickleball clinic at WHB Tennis August 2nd 11-1. Lunch to follow. Please RSVP. All levels welcome.
Many may not recall market trends pre Covid but it is seemingly returning to those days of yesteryear when the market was quiet as summer approached. Adding the recent politico/economic uncertainty, the market responded with a bit of a slow down, though nothing dramatic YoY. Cash sales were seen in 27% of transactions and price reductions hit a 6 year high.
"Economic uncertainty" soared in April, which affected the number of listings going into contract, which affected closed sales in May. Happily, the uncertainty index reading fell significantly in May and is expected to fall much further in the next reading coming out in early July." Read more on the National Report here.
With all that said, it IS stiill Summer here, so take this time to grab a great book, head to the beach, walk in the nature parks, go golfing (just ask me where) gather with friends, enjoy the grand surroundings, each other's company and all the Hamptons has to offer. If you have yet to find your rental, whether it be 2 weeks, 4 weeks or longer, there are still great homes that await your stay.
Looking forward to seeing you Around & About!
Maria and Team
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