With 25 years as a Hamptons real estate broker and over $400 million in transactions, Drew Green is one of the most experienced and respected brokers on the East End. Having built four Hamptons homes of his own, Drew has developed a strong knowledge of construction – expertise that has proved invaluable to many of his clients. Drew’s personal and professional real estate experience gives him a working knowledge of financing, zoning, maintenance and all other aspects of Hamptons real estate. We recently spoke with Drew about his real estate business.
How long have you been involved in Hamptons real estate?
And how did previous experience prepare you for this work?
My previous experience as a teacher and a teaching tennis pro has taught me patience.
What sets you apart from other agents?
My 25 years as a real estate broker has exposed me to virtually any and all scenarios imaginable. That said, I know that there is always something new and unique around the corner.
What changes have you seen in the market here?
The current market atmosphere marks the highest demand with the least amount of available inventory I have seen in my 25 years as a broker.
What’s your business like now? Sales? Rentals?
There is currently high demand for both sales and rentals with the prices for both highly inflated versus pre-Covid prices. On average, prices are up approximately 50% for sales and rentals versus the pre-Covid prices.
Which areas do you cover and which is/are most active now?
I cover all areas from Shinnecock to Amagansett. I find that all areas have inflated similarly over the past two years.
What do you think is an upcoming area in the Hamptons?
Prices everywhere are up substantially, but I’d say the prices in the Springs have almost doubled in the past two years.
What are your buyers looking for?
Buyers generally want a finished product. Many buyers say they are willing to “do work” when asked, but generally, that means they are willing to “paint” and do modest cosmetic work. Most buyers are unwilling to do major renovation work involving moving walls and/or a renovation of kitchens and bathrooms.
What’s the best piece of advice you could give a buyer now? A seller?
If you are a buyer and you perceive yourself to be a user of the property for five or more years, don’t let market conditions overly influence your decision too much. Long term, prices are always going to go up. Don’t hesitate to buy when you find the home that you love.
If you are a seller currently, keep in mind that we are in the strongest sellers market I have seen in my 25 years as a broker.
What is the most personally satisfying part of your work?
When buyers and sellers thank me for my considered advice years after the transaction.
What do you like to do in the Hamptons outside the office?
I enjoy pickleball, golf and low-key BBQ’s with friends and family.
Do you have a favorite restaurant? A favorite place to go?
My wife and I enjoy Dockside, Page, and The Beacon
Click Here to View all of Drew Green’s listings and sales history