Hamptons decline?

 One more good hurricane should really make this direct waterfront, if it survives at all. Dummies.

One more good hurricane should really make this direct waterfront, if it survives at all. Dummies.

Jerry Seinfeld's weekend cottage has sold for $5.7 million — nice money, but $3 million below (original)  ask.

Obviously you can't tell the health of a market from a single sale, but this jibes with what a reporter told me last week: he'd been hearing that the big ticket homes in the Hamptons were lagging, and he called me to see how things were going here in Greenwich. I told him, naturally; I'm not part of the town's PR effort.