In July, we showed and showed and showed properties with few offers. I heard the same from multiple other brokers. I kept thinking, there are so many buyers on the fence, all we need is a catalyst to get the market cranking, again. Think of when Lou Gerstner bought his waterfront property in Monomoy in Sept. of ’03 and then the market exploded. Well, we might have one. 28 Easton Street, with an asking price of $24,000,000, just went under agreement. So, one has to think a buyer that can afford a $24mm vacation home probably has made some good decisions in their life. Just as there are funds on Wall Street that mimic the moves of the top money managers, I think buyers will follow the moves of the high-end buyers and we’re going to have big 3rd and 4th quarters. Look forward to August and let the floodgates open!!!
Let The Floodgates Open
