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Bloomberg provides a list of available Hamptons properties that show discounting: "Southampton Seclusion" (Southampton) July 2023 Price: $110,000 July 2022 Price: $120,000 "Village Fringe Luxury" (East Hampton) July 2023 Price: $60,000 July 2022 Price: $70,000 "Art Village Retreat" (Southampton) July 2023 Price: $60,000 July 2022 Price: $75,000 "Sandpiper Spindrift" (Westhampton) July 2023 Price: $68,000 July 2022 Price: $75,000 "North Fork Waterfront" (East Marion) August 2023 Price: $40,000 August 2022 Price: $50,000 Besides sliding demand for summer rentals in the Hamptons, there has been a drop in private jet demand in the US.Considering the following: private jet demand in the US is sliding, and summer rental rates in the Hamptons have dropped.Vacation rental company StayMarquis said the average nightly rate for a home in the Hamptons averaged $970 as the summer season begins.Also, the latest debit and credit card data published by the Bank of America Institute shows higher income consumers are beginning to crack.
" The slowdown in demand for Wall Street's most popular summer playground, situated 90 miles east of Manhattan, may result from capital market turmoil over the past year and a half.The Federal Reserve's most aggressive interest rate hikes in a generation to tame high inflation has led to sliding banker bonuses.