Archive for October, 2015

TOWN & COUNTRY NORTH FORK 3RD QUARTER 2015 HOME SALES REPORT

Tuesday, October 20th, 2015

TOWN & COUNTRY’S Judi A. Desiderio has been reporting on North Fork Home Sales statistics for over 20 years. This 3rd Quarter Home Sales Report epitomizes why Judi always states “The numbers don’t lie. Individual agents and companies can have record quarters, but individuals don’t make the market.” This is a true eye opener for the amount of RED throughout the report. This is a big surprise since the TOWN & COUNTRY offices are reporting 3rd Quarter sales growth in all markets. In fact, 2 markets more than doubled.

All 4 markets monitored by TOWN & COUNTRY saw dramatic decreases in the Number of Home Sales with Orient (which includes East Marion and Greenport) dropping the most – 47% from 34 sales to 18 year over year.

Southold (which includes New Suffolk and Peconic) realized a 51% plunge in Total Home Sales Volume from $29M to $14.3M.

Jamesport (which includes Aquebogue, Baiting Hollow and South Jamesport) and Orient (which includes East Marion and Greenport) experienced increases in their Median Home Sales Price. Orient by as much as 11%.

Looking at All North Fork Markets Combined and the RED straight across the boards is glaring! All three criteria and all 6 price ranges monitored by TOWN & COUNTRY posted declines by as much as 35.5% in Total Home Sales Volume year over year, with the high end suffering the worst.

Doing a year over year analysis may not give the full and comprehensive picture. To illustrate let’s look at the 3rd Quarter 2013 and we see comparable figures as 2015. Thus the conclusion that 2014 was a banner year would be most correct. 

Click HERE for full report & statistics.

TOWN & COUNTRY HAMPTONS 3RD QUARTER 2015 HOME SALES REPORT

Monday, October 19th, 2015

TOWN & COUNTRY’S Judi A. Desiderio has been reporting on Hamptons Home Sales statistics for over 20 years. This 3rd Quarter Home Sales Report epitomizes why Judi always states “The numbers don’t lie. Individual agents and companies can have record quarters, but individuals don’t make the market.” This is a true eye opener for the amount of RED throughout the report. This is a big surprise since the TOWN & COUNTRY offices are reporting 3rd Quarter sales growth in all markets.

Doing a year over year analysis may not give a full and comprehensive picture. The 3rd Quarter of 2014 was a statistical rocket where all markets monitored by TOWN & COUNTRY saw gains — in fact, 5 markets doubled in the Number of Home Sales 3rd Quarter 2014. The 2015 3rd Quarter Report demonstrates a pull back from the heightened activity of 2014. 8 of the 12 specific markets saw a decline in the Number of Home Sales and all but one market – Sag Harbor Village – saw declines in Total Home Sales Volume. 

Sag Harbor Village was the one shining beacon of the report, as it was the only market that was in the BLACK for the 3 criteria which TOWN & COUNTRY monitors: Number of Home Sales, Total Home Sales Volume and Median Home Sales Price.

Montauk experienced a steep decline of 60% less Home Sales and the greatest drop in Total Home Sales Volume of 65%. Who would have guessed that?

Westhampton (which includes Remsenburg, Westhampton Beach, East Quogue, Quogue and Quiogue) was on a wild ride for those 3 months with the greatest decrease in Number of Home Sales (64%) and the greatest increase in the Median Home Sales Price (35.4%), statistically speaking.

Looking at All Hamptons Markets Combined, you see all RED except for a 7% tick up in Median Home Sales Price The two ends of the market – high end and low end – suffered the most but for vastly different reasons. Low end is due to lack of inventory, high end is due to the demographic of the buyer wanting to “park” their money in the sidelines for now.

Looking back at 2013 3rd Quarter Home Sales Report and it seems as though 2015 is more the norm and 2014 was a banner year.

To view the complete report visit TownAndCountryHamptons.com/Reports.

ATTENTION ALL APPLE iPhone USERS!

Friday, October 9th, 2015

ATTENTION ALL APPLE iPhone USERS! DO NOT ALLOW UPDATES…. IT’S A CONSPIRACY!

So if you’re like me, you mistakenly clicked to “ALLOW UPDATE” BIG BIG MISTAKE!!!

My iPhone 5 hasn’t worked correctly since then. The battery drains in a second from 34% to zero then shuts the phone off!!!  If you’re in a business like Real Estate you’re attached to your phone like it’s an appendage. Heaven forbid you not return that text, call or email immediately…

I have a theory… it’s a purposeful ploy by Apple to get us to buy the next big thing. Truth… I was one of the last Blackberry users… I loved my BB!!!

But alas, the world evolved and Blackberry did not… they must have thought they’d be number 1 forever—that never happens. Apple updates KILL your phone. Not just battery life but basic functionality as well! It’s infuriating to know that a company as smart as Apple would pull such a deliberate deceitful move. Makes me want to look harder at Droids!!! Apple just is desperate to sell more new iPhones… sadly at the expense of their existing clients! 

Have you experienced this or is it just me?

T&C is proud to support the Eleanor Whitmore Early Childhood Center!

Thursday, October 8th, 2015

Town & Country Real Estate is proud to support the Eleanor Whitmore Early Childhood Center in East Hampton. T&C was once again a corporate sponsor of the annual Golf Tournament at The Maidstone Club Monday October 5th. 

Congratulations to Barbara & Jim Edwards for their efforts in orchestrating such a successful event. The Club generously provided the venue on a gorgeous Indian Summer Day! Gene Stilwell and Judi Desiderio were in attendance to join in on the festivities. 

A good day on the golf course!

 

LADIES WHO LUNCH!

Monday, October 5th, 2015

Town & Country Real Estate proudly supports the Ladies Village Improvement Society, INC. One event we particularly enjoy partaking in is the Landmark Committee Luncheon. This year’s Annual Luncheon was at The Devon Yacht Club in Amagansett.

Mother Nature was showing off her powers outside, but the lecture and the company was warm and engaging inside.

Devon celebrated its centennial, so it was fitting that this year the event was moved from The Maidstone Club to Devon. John R. Mackall gave a tutorial on the history of Devon, the Colony, the Club and beyond.

The Devon Colony Estates were built in 1909 as a summer retreat for four wealthy families from Cincinnati. The William Stanhope Rowe House was the largest of the original Devon Colony Houses, called the 7 Sisters. It was built by John Mackall’s great grandfather. Richmond Levering, William Stanhope Rowe, Joseph Rawson and William Cooper Procter were the originators. We all admire their vision and commitment to Amagansett.

Town & Country calls this afternoon our Ladies Who Lunch. We enjoyed a beautiful array of delicious foods prepared by the chefs at Devon.

Happy Anniversary to a very special place with a very special history. Devon and The LVIS forever together.