Archive for April, 2014

Megna Glass Moves from Sag Harbor to East Hampton

Tuesday, April 29th, 2014

Artists Martin and Mariann Megna began Megna Glass in Sag Harbor in 1999.  The couple started designing custom homemade glass cabinets and doorknobs.  Over the years they have expanded their designs to crafting cabinet fixtures, light fixtures, chandeliers and ornaments.  Megna Glass has been featured in many different magazines over the years including Architectural Digest and House Beautiful. They also have an 18’ high lead crystal and handmade bead curtain hanging in Mohegan Sun Casino Resort in Connecticut, as well as displays at the Corning Museum of Glass in Corning, New York. Martin, a self-described glass “historian”, says Megna Glass pieces range from contemporary to classic to eclectic – something for everyone.  Megna Glass will be relocating to East Hampton, upon the sale of their home in Sag Harbor, which is being represented by Joan Fitzgerald of Town & Country Real Estate 631.283.5800 http://www.1townandcountry.com/html/projectDetails.php?checkedflg=0&innum=47998

                      

Town & Country is a supporter of LIBFRE

Wednesday, April 23rd, 2014

Town and Country Real Estate is a proud supporter of LIBFRE (Long Island Business for Responsible Energy).  At this time, LIBFRE’s mission is to stop PSEG and its endeavor to change the character of the hamlet of East Hampton.  Their immediate goal is to remove all the newly-installed toxic Pentachlorophenol pressure treated wood poles, and to halt any further installations of high-tension overhead transmission lines onto the six-mile stretch from East Hampton to Amagansett.  LIBFRE would like to see the lines re-routed underground along major public corridors and away from residential neighborhoods.  Their objective is to create another alternative for back-up electricity while the burial of underground power lines is being researched.  Shouldering the cost of said project, should be borne by PSEG and not its ratepayers.  Town and Country would like to thank Helene Forst and Jack Forst for all they have done to support this motion intended to preserve the beauty and character of our unique hamlets on the east end of this fragile island.

For more information go to https://www.facebook.com/libfreinc 

Judi A. Desiderio, Chief Executive Officer

jd@1townandcountry.com

631.324.8080 ext. 221

USS New York

Tuesday, April 22nd, 2014

 

             

It was built with 24 tons of scrap steel from the World Trade Center.  It is the fifth in a new class of warship – designed for missions that include special operations against terrorists. It will carry a crew of 360 sailors and 700 combat-ready Marines to be delivered ashore by helicopters and assault craft.  Steel from the World Trade Center was melted down in a foundry in Amite , LA to cast the ship's bow section. When it was poured into the molds on Sept 9, 2003, 'those big rough steelworkers treated it with total reverence,' recalled Navy Capt. Kevin Wensing, who was there.

'It was a spiritual moment for everybody there.'  Junior Chavers, foundry operations manager, said that when the trade center steel first arrived, he touched it with his hand and the 'hair on my neck stood up.' 'It had a big meaning to it for all of us,' he said. 'They knocked us down. They can't keep us down. We're going to be back.'

The Ship's' motto?

'Never Forget'

  

        

 

Please keep this going so everyone can see what we are made of in this country!

Judi A. Desiderio, Chief Executive Officer

jd@1townandcountry.com

631.324.8080 ext. 221

Lori Feilen Joins Town & Country Real Estate

Thursday, April 17th, 2014

 A longtime top sales associate with Corcoran's Southold office, Lori Feilen has joined Town & Country’s Southold office. The consummate professional, Lori has over 25 years of real estate expertise and is one of the best resources when it comes to finding that special home, rental or investment on the North Fork.

Her affable personality, combined with her genuine sincerity and tenacious work ethic make her a true asset to Town & Country.  She is warm and caring, continuously turning broker/client relationships into true friendships. Her history speaks for itself, as Lori is an encyclopedia of knowledge about the area and all things real estate related. Lori’s tremendous referral base is further testament to her excellent track record of negotiating deals, uncovering opportunities and obtaining outstanding results which has consistently rewarded her with being a top North Fork producer year after year, as well as ranked multiple times in the Wall Street Journal and REAL Trends Inc. Top 1,000 Real Estate Agents in the United States.

Prior to real estate, Lori spent 11 years in sales for CNN and Cablevision Systems in NYC, undoubtedly the foundation for her terrific and successful sales ability now in real estate. In addition to being passionate about real estate, Lori loves living in a peaceful farming community surrounded by water. She enjoys walking on the beach, swimming, boating, entertaining, reading, and just about anything relating to art, painting, decoration and design. She also enjoys giving back to her community as a volunteer for numerous local causes.

Lori states, “One of the reasons for joining Town & Country Real Estate is because the Principle Brokers are largely an extension of my old Allan Schneider family from the past. I am excited about my new position and association with them.” Lori can be reached at 631-834-0876, lfeilen@1TownandCountry.com.

 

Contact: Joan Bischoff

jbischoff@1townandcountry.com

631.948.0234

T&C HAMPTONS 1ST QUARTER 2014 HOME SALES REPORT

Wednesday, April 16th, 2014

TOWN & COUNTRY’S 1st Quarter 2014 Home Sales Report proves, indisputably, that the Hamptons Real Estate market is enjoying a new wave.

The Big Kahuna is Southampton Village where the Total Home Sales Volume exploded nearly 1000%!!! That’s a first! In 1st Quarter 2013, Southampton Village posted $6.935M for its Total Home Sales Volume and a year later it is $76M.  Southampton Village took the crown home for the highest increase in Number of Home Sales — 4 in 1st Quarter 2013 and 17 in 1st Quarter 2014. The Median Home Sales Price came along for the ride as well from $1.625M in 1st Quarter 2013 to $4.2M in 1st Quarter 2014 — a 158.5% leap.

While Southampton Village was definitely the most outstanding there were several honorable mentions. The charming hamlet of Amagansett realized a 530.8% increase in Total Home Sales Volume from $11.55M to $72.859M year to year 1st Quarter 2013 to 2014. The Median Homes Sales Price in Amagansett was $2.725 —the 2nd highest and an impressive 123% increase from last year’s Median Homes Sales Price.

Nine of the 12 markets monitored by TOWN & COUNTRY saw an increase in the Number of Home Sales, 2 were unchanged, and only one market saw a decline of 17% — it was the red hot market of Montauk, posting 20 home sales in 1st Quarter 2014 vs. 24 sales in 1st Quarter 2013. This statistic should not be interpreted as a pull back in demand — absolutely not — it is simply a lack of inventory. In MTK, as we affectionately refer to it, any listing priced correctly and positioned properly sells.

Looking at All Hamptons Markets Combined and the 1st Quarter activity reveals nearly all black straight across the 3 criteria TOWN & COUNTRY monitors and the 7 separate price ranges. Sales boomed with a 29% increase in the Number of Home Sales and a 32.3% rise in the Median Homes Sales Price, both resulting in a doubling in the Total Home Sales Volume of $641M in the first 3 months of 2014.

To view all reports visit 1TownandCountry.com/Reports.

Judi A. Desiderio, Chief Executive Officer

jd@1TownandCountry.com

631.324.8080 extension: 221

T&C North Fork 1st Quarter 2014 Home Sales Report

Wednesday, April 16th, 2014

April 15, 2014

TOWN & COUNTRY’S 1st Quarter 2014 North Fork Home Sales Report provides the statistical evidence needed to demonstrate true strength in the North Fork Real estate market.

Orient (which includes East Marion and Greenport) is the shining beacon at the eastern most end of the North Fork peninsula with a 171% jump in Number of Home Sales from 7 to 19, in the first three months year to year. These sales were at higher price points as seen in the Median Home Sales Price increase of 33% from $327,500 in 1st Quarter 2013 to $436,000 in 1st Quarter 2014. Both statistics pushed Total Home Sales Volume for Orient (which includes East Marion and Greenport) to $9.5M from $2.7M — a jump of 254%.

Three of the 4 markets monitored by TOWN & COUNTRY realized considerable increases in sales activity. Only Southold (which includes New Suffolk and Peconic) dipped 29.4% in Number of the Home Sales from 17 to 12 which then pushed the needle down 27% for Total Home Sales Volume.

Jamesport (which includes Aquebogue, Baiting Hollow and South Jamesport) is enjoying 2014 with impressive increases in Number of the Home Sales, Total Home Sales Volume and Median Home Sales Price — 57%, 75% and21% increases respectively.

Viewing the stats for All North Fork Markets Combined and the increase in home sales activity on the North Fork is acutely clear with a 36% leap in Number of the Home Sales and a staggering 65% jump in Total Home Sales Volume.

                                                                           

To view all reports visit 1TownandCountry.com/Reports.

Judi A. Desiderio, Chief Executive Officer

Jd@1TownandCountry.com

631-324-8080 extension: 221

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

MODERN VS CONTEMPORARY

Friday, April 11th, 2014

Do you know the difference?
There’s a significant shift in buyer interest, to modern homes today.
Many buyers are being so specific to add “Not contemporary I want, MODERN – ultra modern”
So, here at Town & Country we canvased our seasoned brokers to see – what is behind this movement to modern and what IS the difference between modern and contemporary?
What do buyers really want?
The answers were consistent. There is a definite trend toward modern!
The modern buyer wants NEW, IMMACULATE WITH TRENDY FEATURES…

                     This ULTRA MODERN beauty in Sagaponack South with glassed in wine rack right in the dining room, and the massage room off the gym and theater. The outside living room tops it off like homemade whipped cream! IN#15151

        

The second category of contemporary –
or as some describe it – STARK CONTEMPORARY, is a clean, lots of glass, minimalistic trim
package all white, white, white.
Here is an oceanfront contemporary T&C recently sold in Amagansett. IN#41273

The third category, which I call “BLENDED,” is a very unique combination of traditional exterior
– architecturally – with a modern interior. This look seemed to have evolved over the past few
years as modernists started having their way.


           

See below the new construction just outside East Hampton Village. A classic cedar shingled exterior
with true traditional lines, yet from the moment you enter, it’s clear there’s nothing common about
this house. What’s really unique about this home of blended styles, is that, everyone loves it!
Whether you favor traditionals or modern contemporaries (yes I took the liberty to combine the
two). You can’t help but love this, when it’s done correctly, and this one is done perfectly! IN#29266

             

Let’s open dialogue on this topic on SOCIAL MEDIA. Post photos of your favorite in each category and show what you respond to. We look forward to sharing! www.facebook.com/1TownandCountry

Judi A. Desiderio, Chief Executive Officer
jd@1TownandCountry.com . 631.324.8080