Archive for April, 2016

Hamptons Real Estate Celebrated at Privet Hedge Awards

Thursday, April 28th, 2016

Town & Country Real Estate's Nancy McGann, Janet Hummel, Judi Desiderio, and Gina Decker attend the Privet Hedge Awards

Town & Country Real Estate's Nancy McGann, Janet Hummel, Judi Desiderio, and Gina Decker at the Privet Hedge Awards.

 

At the 3rd annual Privet Hedge Awards dinner on April 27, 2016, brokers and agents from across the Hamptons real estate community gathered at the stunning Sebonack Golf Club in Southampton to mix, mingle, and make a big deal of some very big deals in real estate.  Town & Country Real Estate's Judi Desiderio, an honoree last year, along with partners Nancy McGann and Janet Hummel, as well as new Director of Acquisitions & Agent Coaching Gina Decker attended the event.  

 

Hosted by Manhattan Magazine's Randi Schatz, publisher of Avenue Magazine and Avenue on the Beach, as well as representatives from Behind the Hedges and Dan's Papers, the event celebrated the best in Hamptons real estate, its elite agents and brokers, and recognized excellence.

 

Paul Brennan, Susan Breitenbach, Randi Schatz, Judi Desiderio, Gary DePersia, Harald Grant

Judi Desiderio, center with Avenue Magazine's Randi Schatz,  joined fellow honorees from last year's Privet Hedge Awards Paul Brennan, Susan Breitenbach, Gary DePersia, and Harald Grant at Sebonack Golf Club.

 

Nancy McGann, Paul Brennan, and Town & Country Real Estate CEO Judi Desiderio at Sebonack Golf Club

Town & Country Real Estae Managing Partner Nancy McGann, Paul Brennan, and Town & Country Real Estate CEO Judi Desiderio at Sebonack Golf Club for the Privet Hedge Awards.

 

The view from Sebonack Golf Club in Southampton

The view from Sebonack Golf Club in Southampton

Strongest First Quarter Sales in a Decade

Wednesday, April 27th, 2016

The New York State Association of Realtors announced its NYSAR first quarter report 2016 on Real Estate activity in the state, and it contained excellent news!

“Three consecutive months of sales growth fueled the best start to the New York State housing market since 2007. According to NYSAR, the 23,932 closed sales in the first quarter represents a jump of nearly 17 percent from the 2015 first quarter. Additionally, the statewide median sales price grew by nearly 1 percent compared to a year ago.”

U.S. Commerce Department: Northeast housing starts jump more than 60 percent in March: The United States Department of Housing and HUD released its March report on April 19 with more good news.

  • Privately-owned housing starts in March rose 61.3 percent for the Northeast to 121,000, according to data released by the U.S. Commerce Department. February’s total was 75,000.
  • Nationally, housing starts were at a seasonally adjusted annual rate of 1,089,000, an 8.8 percent decrease from the revised February total of 1,194,000.
  • Building permits for the Northeast fell 17.9 percent in March, dropping to 101,000 from 123,000 in February. Nationally, building permits fell 7.7 percent to 1,086,000.

Looks like the market’s heating up: agents better brush up on their handling of multiple offers. The National Association of Realtors put out a field guide on multiple offers with clear information on how to prepare buyers and sellers for a scenario of multiple offers. It summarizes:“Buyers and sellers need to appreciate that in multiple offer situations only one offer will result in a sale, and the other buyers will often be disappointed their offers were not accepted. While little can be done to assuage that disappointment, fair and honest treatment throughout the offer and negotiation process, coupled with prompt, ongoing and open communication, can enhance the chances that all buyers – successful or not – will feel they were treated fairly and honestly.”

Joan Bischoff van Heemskerck, Lic. Associate Broker, Executive Sales Manager North Fork & Shelter Island for Town and Country Real Estate, 2016 President, Hamptons and North Fork Realtors Association (cell 631 948 0234; jbischoff@1townandcountry.com).

TOWN & COUNTRY HAMPTONS 1ST QUARTER 2016 HOME SALES REPORT

Wednesday, April 20th, 2016

The best part about the numbers is they tell it like it is — no individuality, no over inflation, no emotions… strictly the FACTS.

The fact is, the Hamptons 1st Quarter Home Sales Report reflects, frankly, a mixed bag.

In general, the report on the first three months home sales activity shows 10 of the 12 of the individual markets monitored by TOWN & COUNTRY had fewer transfers. East Hampton Village saw a drop of 44% and Bridgehampton (which includes Water Mill and Sagaponack) saw a 39% drop in Number of Home Sales—  these are significant statistical changes.

Bridgehampton (which includes Water Mill and Sagaponack) had quite a pull back, with not only 39% less Home Sales, but 42% less Total Homes Sales Volume, and the final criteria we monitor, Median Home Sales Price, slightly lower by 3%. The $10-$19.99M price range was off by 67% in Bridgehampton (which includes Water Mill and Sagaponack).

On a positive note, Shelter Island spread its wings nicely with a whopping 70% jump in Number of Home Sales, 59% increase in Total Homes Sales Volume and nearly 10% rise in Median Home Sales Price. A shining quarter for the Island.

East Hampton Village statistics deserve close examination. Not only the slide of 44% fewer Number of Home Sales but RED in every price range … except the over $20M, where the 2 sales for the first 3 months were: 101 Lily Pond Lane at $63.8M and 93 Lily Pond Lane for $22M. SAB Capital owner Scott Bommers sold his 3 Lily Pond Lane holdings for a total of $110M — an off-market deal.

Looking at All Hamptons Markets Combined and you see that from a broadstroke the East End Real Estate market held strong, while the stock market was in a bit of a free fall followed by a bounce. The Median Home Sales Price increased a respectable 3.65% to $995,000 while the Numer of Home Sales declined by 10%. 

Thank goodness it’s Spring!

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

 

Hamptons Summer Rental Showcase

Monday, April 11th, 2016

Nancy McGann, Judi Desiderio, Janet Hummel at Stribling Associates Chelsea

Town & Country Real Estate, together with Stribling & Associates, hosted the first 2016 Hampton’s Summer Rental Showcase recently in Chelsea.  T&C had associates from each of our eight East End offices on hand to assist savvy city dwellers looking for some rest and relaxation out east this summer.  In the mix were CEO Judi Desiderio; Managing Partners Janet Hummel and Nancy McGann; Executive Sales Managers Gene Stilwell, Joan Bischoff van Heemskerck, and Patrick Galway; Director of Acquisitions & Agent Coaching Gina Decker; associate brokers Linda Batiancela, Robert Tomich, Nicholas Planamento, and Lori Feilen; and agents William Stoecker and Rick Slater.  

T&C showcased a selection of our most exclusive and luxurious summer rentals in the Hamptons and across the North Fork and Shelter Island.  Stribling's associates, led by company president Elizabeth Ann Stribling-Kivlan, joined in on the event which has been touted by all as a grand success!  

Think Summer!

Elizabeth Stribling and Judi Desiderio   Town & Country Real Estate Summer Rentals   Town & Country Real Estate Agent William Stoecker

Linda Batiancela and Judi Desiderio of Town & Country Real Estate      Joan Bischoff and Nicholas Planamento of Town & Country Real Estate

Judi Desiderio of Town & Country Real Estate showcases Hamptons summer rentals   Town & Country Real Estate swag

Join Us For A Hamptons & North Fork Summer Rentals Preview Party In NYC

Tuesday, April 5th, 2016

stribling summer rentals

 

Please join us this Thursday, April 7, 2016, at the Stribling & Associates Chelsea Office (340 West 23rd Street, New York, NY) from 4-6pm for a sneak peek of a selection of the best luxury real estate and summer rentals in the Hamptons and on the North Fork. Meet with our Town & Country Real Estate agents and get to know our friends at Stribling & Associates over a glass of champagne as we toast the upcoming summer season.

For more information or to RSVP contact Sarah Alvarez at 347-223-0992, salvarez@stribling.com