If you’re looking for a shoreline rental, agents say you might have a hard time finding one unless you’re willing to pay over $30,000 a month.
Real estate agent Alison Gould of the Gould Group in Madison said it’s been an interesting year for summer rentals because there aren’t many available.
“Many of the homes that I’ve rented for the past 10, 15, 20 years were sold during the pandemic time to people who wanted to purchase waterfront homes,” said Gould. “There were fewer now than there used to be, and they are going very quickly.”
She said homeowners are taking advantage of the interest.
“I would say things that were $6,000 last year are $7,500 this year, and things that were $15,000 to $20,000 last year are now $25,000,” said Gould.
Further west on the shoreline, luxury rentals are not as popular this year. Christine Oleynick has seen it firsthand as an agent for Keller Williams luxury homes in Fairfield County.
“The same rentals I had last summer, I still have, where last summer they were gone within 24 hours,” said Oleynick.
She said those rentals were between $30,000 and $50,000 a month last year. Some are even higher this year.
“People who have never rented before are trying to take advantage of this market without a doubt,” said Oleynick. “Most seem to want a high premium based on last year.”
She said the majority of her rental inquiries are from New Yorkers.