Archive for August, 2013

Peconic Land Trust’s Common Table

Monday, August 19th, 2013

Peconic Land Trust's Common Table was a spectacular evening. Scheduled around the glow of August's full moon this annual event is rich with a treat for all senses.
The food fresh and delicious, the music was just perfect, the beauty of the grounds at Quail Hill, the aroma of Mother Earth's bounty and God's gift or the perfect weather for a nite with family & friends Left nothing more to wish for. If you're fortunate enough to land tickets for next year, you will most certainly reflect on this special evening for the rest of the year!
thank you to everyone at PLT and donors who made this perfect nite possible!

HAMPTON HOME SALES REPORT VS NATIONAL HOME SALE REPORTS

Thursday, August 1st, 2013

Town & Country released both the 2nd Quarter Home Sales Report as well as the Mid – Year Home Sales Reports for the Hamptons and the North Fork.
While all reports clearly demonstrate future emerging markets, the Hampton’s Home Sales Report in particular,
displays strong year to year gains.
In fact, of the 11 specific markets monitored by T&C, East Hampton Village experienced a staggering 207% increase in the Median Home Sales Price from $1.4M in 2nd Quarter 2012 to a staggering $4.3M for the same 6 month period 2013.
Looking at All the Hampton Markets Combined of the 7 different price categories in the Town & Country report, the $3.5-$4,99 price category realized the greatest increase… 83% from 18 in the first 6 months of 2012 to 33 this year January-June.
Looking now on a national level, the Standard & Poor’s/ Case- Shiller index report released on Tuesday, showed all 20 major US cities monitored rose by 12.2% May 2013 from May 2012. The Case-Siller Report is a monthly report on 20 specific cities which  combined give us insight as to the overall market.
So while the Town & Country 2nd Quarter Home Sales Report covers 3 months in a particular region the Median Home Sale Price rose 6.11% to $955,000.
Our region of the Eastern End of Long Island does not suffer as badly as the national trends during the down turns.
This is primarily because we are surrounded on 3 sides by water thus there is a finite amount of inventory in any given year.
Additionally, our proximity to Manhattan—the home to millions—makes the East End a favorite destination for R&R.
In short, both locally and nationally, the future course for home sale prices have been chartered.
Are you in?