Archive for October, 2014

Town & Country Welcomes You To Go Green Too!

Monday, October 27th, 2014

Let’s all work with our East End towns in reducing our carbon footprints! There is a proposal to ban all plastic shopping bags from grocery stores throughout the Hamptons. Here at Town & Country, we already made that possible for hundreds of our clients with our eco-friendly market bags. Stop by any Town & Country Office for your complementary market bag.

We look forward to seeing you!


Judi A. Desiderio, Chief Executive Officer      

631.324.8080 ext. 221

Stages’ Celebrates 20 Years & 100 Productions with its 20th Annual Halloween Bash & A Special Alumni Show!

Wednesday, October 22nd, 2014

Stages, A Children’s Theatre Workshop is throwing the 20th annual Halloween Bash that you and your children won’t want to miss. Frankenstein Follies, a Halloween-themed musical review directed and choreographed by Helene Leonard, features all your favorite monsters and ghouls with a cast of local young performers.

Now returning for its 20th year, Frankenstein Follies has become a favorite Halloween tradition. Frankenstein Follies also marks 100 productions for Stages. Join the fun at the Bay Street Theater in Sag Harbor on Friday October 24th at 7:30PM, Saturday Oct 25th at 2:00 PM and Sunday, October 26 th at 2 :00 PM. Tickets are $15.


To celebrate our 20th birthday, a special 20th Anniversary Alumni Performance and Benefit Reception will take place on Saturday October 25th at 7:30 PM.  Many of Stages past actors will be returning to participate in a performance of Frankenstein Follies that is sure to be a Monster Smash. A reception will follow the performance. Tickets for this benefit performance are $35 ($25 for students), and include the reception. Proceeds will help support Stages’ scholarship program. Join in the fun to celebrate Stages 20th birthday! Call now to purchase your ticket for this "spook-tacular" event.


Tickets for all performances of Frankenstein Follies, including the Alumni Performance & Benefit Reception, are available at the Bay Street Theater Box Office, (631) 725-9500. For more information call Stages at (631) 329-1420, or contact us at Visit us at our website,

Gene Stilwell

631.324.8080 ext. 218

A New Spin on Hosting an Open House!

Tuesday, October 21st, 2014

This past Friday Patrick Galway, Manager of our Westhampton Beach office, held an open house at his new listing that has an indoor basketball court. Patrick creatively held a free throw contest on the court where over 70 agents participated – the winner to receive a bottle of champagne.  While many participated in the contest,  more importantly, all got to view this magnificent 12,000 sq. ft. residence that includes the half basketball court with radiant heat as well as tennis court, high speed elevator, 12-seat theatre, pool and poolhouse – to name a few of the amenities. 

Contact: Patrick Galway


Town & Country Hamptons 3rd Quarter 2014 Home Sales Report

Monday, October 20th, 2014

As predicted, the 2014 3rd Quarter Home Sales Report recorded some impressive statistics, the likes of which we haven’t seen since 2007.


All 12 markets monitored by TOWN & COUNTRY REAL ESTATE rose… in fact 5 of the individual markets doubled in the Number of Home Sales with East Hampton Village shooting up 200% year over year.


Examining the Total Home Sales Volume, a glaring statistic jumps out with Amagansett exploding by 367% from $11.5M in 2013 to $53.6M in 2014. But what struck me was the Total Home Sales Volume in Bridgehampton (which includes Water Mill and Sagaponack) rose 336% to nearly $160,000,000 in 3 months. Southampton Village came in second for the most dollars to trade hands, with $131,000,000.


Eleven of the twelve markets monitored by TOWN & COUNTRY REAL ESTATE experienced gains in Total Home Sales Volume with only East Hampton Village down by 13.6% and that can be explained by the one sale last year over $10M and none this year in East Hampton Village in that price category.


Bridgehampton (which includes Water Mill and Sagaponack) also steals the crown for the highest Median Home Sales Price at $2,870,000 in 3rd Quarter 2014 – a 59% leap from last year’s $1,806,000 Median Home Sales Price. The Villages of East Hampton and Southampton were not far behind with $2.42M and $2.4M respectively.


Looking at All Hampton Markets Combined, we see very impressive statistics, particularly on the high end. The $3.5M to $4.99M price category increased by a whopping 567% from 3 sales in 2013 3rd Quarter to 20 in 2014 same period. The Over $10M category saw a 450% jump up from 2 to 11 Home Sales – we haven’t seen this much activity on the high end since 2007.


The Total Home Sales Volume for 3rd Quarter 2014 rose 126.5% to $758M transferring and while that seems like a blistering amount of money for the Hamptons in a 3 month period, but I’d like to point out that in the 2nd Quarter 2007 over a billion dollars changed hands.


To view all reports visit



Judi A. Desiderio, Chief Executive Officer      

631.324.8080 ext. 221

Town & Country North Fork 3rd Quarter 2014 Home Sales Report

Monday, October 20th, 2014

Since the winter of 2013 I’ve been saying 2014 will be the year of the North Fork and yes it has been like a snowball rolling down hill, building in size and momentum.


All 4 markets monitored by TOWN & COUNTRY REAL ESTATE rose in all 3 criteria – Number of Home Sales, Total Home Sales Volume and Median Home Sales Price.

In fact, 2 markets more than doubled in Home Sales activity or the Number of Home Sales transferred


Orient (which includes East Marion and Greenport) statistically realized the greatest gain with a 183% leap from 12 Home Sales in 3rd Quarter 2013 to 34 in 2014 same quarter.


In Mattituck (which includes Laurel and Cutchogue) the Total Home Sales Volume shot up 266% from nearly $6M in 2013 to almost $22M in Home Sales year to year 3rd Quarter. In Southold (which includes New Suffolk and Peconic) the Total Home Sales Volume saw the highest dollar value with $29M changing hands.


Mattituck (which includes Laurel and Cutchogue) also logged the greatest increase in Median Home Sales Price at 47% from $347,500 in 2013 to $510,000 in 2014 3rd Quarter. With 38 Home Sales in 3rd Quarter in Mattituck and a Median Home Sales Price of $510,000, the trajectory for Mattituck and the North Fork markets is up, up, up!


Viewing All North Fork Markets Combined, the future is even more clear as all 3 criteria and all 6 price ranges monitored by TOWN & COUNTRY are firmly in the BLACK!


To view all reports visit


Judi A. Desiderio, Chief Executive Officer  

631.324.8080 ext. 221

Eleanor Whitmore Early Childhood Center Benefit

Tuesday, October 7th, 2014

Town & Country was pleased to be one of the sponsors for the Eleanor Whitmore Early Childhood Center benefit.  There was a golf tournament on Monday, October 6th to benefit the organization.   Following the tournament there was a cocktail and barbeque reception at the Maidstone Country Club in East Hampton.  Judi Desiderio, Chief Executive Officer of Town & Country and Gene Stilwell Managing Director were in attendance and were pleased to support such an important organization in our community! Town & Country congratulates and wishes the organization continuing success.

Gene Stilwell

631.324.8080 ext. 218


Friday, October 3rd, 2014

         The Community Preservation Fund or CPF transfer tax, as many of us in Real Estate call it, refers to the 2% tax paid by the buyer of real property over price points set back in 1999 when the fund was originally set up. The idea was to apply this tax to purchase properties for all to enjoy.  Many very sensitive parcels have been acquired thanks to CPF money.  Thus far nearly $950 million dollars have been collected and according to State Assemblyman Fred W. Thiele Jr., sometime in the first quarter of 2015, CPF money should hit a grand total of a BILLION dollars.  


        The year 2007 still holds the record for the most money collected.  As you may recall, that was the year the high end flew to its highest heights.  Visit  to see Market Reports and analysis for each year.  2013 was second best, while I predict 2014 will unseat 2013!  The five East End towns that contribute to the Community Preservation Fund are Southampton, East Hampton, Shelter Island, Southold and Riverhead.  Of course Southampton Town is the top producer by virtue of its size and of course its magnificent estate area, East Hampton falls in second with also an incredible estate section but much smaller region. Thus far this year, in the first eight months, nearly 10% more CPF dollars has been collected than last year.  A CPF acquisition is something every buyer should feel proud of contributing to.  It is thanks to your tax funds that we have preserved so many properties.   



Judi A. Desiderio, Chief Executive Officer   

631.324.8080 ext. 221