Archive for the 'Judi Desiderio' Category

TOWN & COUNTRY NORTH FORK 2ND QUARTER 2016 HOME SALES REPORT

Friday, July 29th, 2016

TOWN & COUNTRY’S 2nd Quarter North Fork Home Sales Report demonstrates uneven growth, but growth none the less.

Southold (which includes New Suffolk and Peconic) had the greatest up-tick in the Number of Home Sales at 25% —from 28 in 2015 to 35 in 2016 (same three months), yet experienced drops in the Total Home Sales Volume and Median Home Sales Price of 14% and 6% respectively. 

Jamesport (which includes Aquebogue, Baiting Hollow and South Jamesport) logged an 18% increase in the Number of Home Sales and a 20% jump in Total Home Sales Volume.

Mattituck (which includes Laurel and Cutchogue) and Orient (which includes East Marion and Greenport) each had one less home sale during the 2nd Quarter, year over year.

Looking at All North Fork Markets Combined you will note that only declines in the five price categories monitored by TOWN & COUNTRY were the $500,000 – $999,000 category by 22.45% from 49 to 38 from 2015 to 2016 and the $5M and up, where there were no sales vs. last year. The Number of Home Sales rose 8% in this year to year comparison yet the Total Home Sales Volume and Median Home Sales both experienced pullbacks of 3% and 14% respectively.

“The North Fork has established definite traction. I anticipate the 2nd half of 2016 to continue to gain momentum as more and more people discover the richness of North Fork living,” states Judi A. Desiderio.

To view the full report visit North Fork 2nd Quarter 2016 Home Sales Report. For all Town & Country Real Estate Market Reports, click here.

TOWN & COUNTRY NORTH FORK MID YEAR 2016 HOME SALES REPORT

Wednesday, July 27th, 2016

In analyzing the data from the North Fork markets for the first six months of 2016, the positive trends jump right off the page. All four specific North Fork markets experienced increases in the Total Home Sales Volume.

Southold (which includes New Suffolk and Peconic) posted the greatest increase in the Number of Home Sales with a spike of 32% from 53 in the first six months of 2015 to 70 in 2016 same period. The Median Home Sales price was also up 10% and Total Home Sales Volume grew 17%.

Orient (which includes East Marion and Greenport) realized a whopping 43% increase in Total Home Sales Volume from $22.2M to $32M year to year. In fact, the Orient market was totally in the black this report.

Mattituck (which includes Laurel and Cutchogue) saw a slight uptick in homes sales activity as did Jamesport (which includes Aquebogue, Baiting Hollow and South Jamesport).

“The glaring trend is the heightened activity primarily on the eastern end of the beautiful North Fork in the first six months of 2016,” states Judi A. Desiderio.

Looking at All North Fork Markets Combined and you will note healthy growth in the Number of Home Sales (+12%), as well as the Total Home Sales Volume (+15%).

Prediction for the balance of 2016, is a continued ascend for our North Fork markets.

To view the full report visit North Fork Mid Year 2016 Sales Report. For all Town & Country Real Estate Market Reports, click here... 

Town & Country Real Estate Annual Mid-Summer Cocktail Party

Tuesday, July 26th, 2016

Judi Desiderio, Amy and Mike Forst

There’s almost nothing better than a breezy summer night in the Hamptons sipping rose under a rose-colored sky by the waterside watching the yachts and sailboats go by.  It does however get better when you are enjoying said rose at East Hampton Point surrounded by friends and colleagues at Town & Country Real Estate’s annual mid-summer cocktail party. That was the scene on July 14th when over 100 agents, brokers, family, and friends from the Hamptons and North Fork offices gathered to enjoy the good life for a few hours. 

CEO and President Judi Desiderio was thrilled to see so many agents and brokers from all seven offices at the party.  “What a great night! I love to see everyone relaxing and enjoying each other’s company.  At T&C, we’re all about our people!” said Judi.  

And what do real estate pros talk about at a cocktail party?  Real estate of course.  There must be something in the water because all around the party agents and brokers were excitedly chatting about all of the deals in the works.  From sales and last-minute summer rentals to long term commercial leases the East End real estate business is looking good for Town & Country Real Estate.

"Mother Nature blessed T&C with a beautiful sunset over the harbor," said Judi.  "Great people, great setting, great party, and spectacular sunset.  What more could you ask for?"

North Fork agents of Town & Country Real Estate

All Photos by CB Grubb

TOWN & COUNTRY Hamptons 2nd Quarter 2016 HOME SALES REPORT

Tuesday, July 19th, 2016

 

The numbers are in… raising eyebrows mind you! 

The second three months of 2016 proved challenging for many of the 12 individual markets monitored by TOWN & COUNTRY.  All three criteria in the analysis showed significant drops: The Number of Home Sales dropped in eight of the 12 hamlets and the Total Homes Sales Volume and Median Home Sales Price both realized declines in nine of the 12 locales.

Southampton Village and East Hampton Village, two prime crown jewels of Hamptons Real Estate, both suffered significant declines in all three criteria. In fact, East Hampton Village’s drop of 53% in Total Homes Sales Volume ($95M to $45M year to year) was the greatest of all markets, with Southampton Village not far behind dropping 48% from $86M to $45M.

Reviewing last year’s TOWN & COUNTRY’S 2nd Quarter Home Sales Report, you will notice 2015 experienced a similar set of declines when compared to 2014. Hopefully, this is not a trend!

Thankfully, the report was not all doom and gloom. Sag Harbor Area (which includes Noyack and North Haven) posted the highest gains in the Number of Home Sales at a 100% leap from 17 in 2015 to 34 in 2016. Further, the Total Homes Sales Volume rose from $23.5M to $58M.

Sag Harbor Village and Shelter Island both showed strong growth in the Number of Home Sales, Total Homes Sales Volume and Median Home Sales Price. Is there a shift in focus to the quaint boutique markets from the estate sections, or is it a function of price?

The darling hamlet of Amagansett experienced an unexpected pull back in activity with 35% fewer homes trading hands — this certainly is not due to a lack of interest, but rather a price sensitivity with Median Home Sales Prices nearing $2M inclusive of both north and south of the highway.

View All Hamptons Markets Combined and you will see plenty of red. In fact only one of the eight price ranges monitored by TOWN & COUNTRY saw gains — an anemic 5% increase in the Number of Home Sales, $500,000 – $999,000 the most popular price category.

“While the 2nd Quarter Home Sales Report proved what I have said about the $10M and up price categories being hit the hardest, I do anticipate the next three months will see a seasonal uptick on the high end. Though, it is the stock market trajectory that dictates Hamptons high end sales. Just another cycle.” states Judi A. Desiderio, President.

To view the full report visit 2nd Quarter Home Sales Report. For all Town & Country Real Estate Market Reports, click here.

 

U.S. HOME SALES STRIKE A 9 YEAR HIGH

Wednesday, June 29th, 2016

Last week the N.A.R., National Association of Realtors, released their report on existing home sales for the month of May. The 1.8% increase to an annual rate of 5.53 million units, was the highest level since February 2007, and sales were up 4.5% from the same period in 2015.

Existing home sales surged 4.1% in the Northeast, 4.6% in the South and 5.4% in the West. The Mid-West was the only natural region to slide… and it fell hard with a loss of 6.5%. Ratios of inventory to demand jumped around this year.

In the Hamptons and North Fork we expect the second quarter report, which will be released mid-July, to be a bit soft. Visit www.TownandCountryHamptons.com/Reports to view all market reports.

Real Estate sales are closely watched by those in the financial world, due to the jobs created with every new home built and the increase in ancillary services whenever a new buyer turns the key to their new home.

From painting to planting, we all enjoy perusing our American Dream. 

Brexit, Done!

Friday, June 24th, 2016

This morning, we all awoke to a changed world… again!

A historic number of British voters came out to be heard.  When the polls were all done, by a mere 3.78%, the UK decided to exit the European Union (EU).

No one knows for certain just how far reaching such a decision’s impact will be, but if the global markets are any indication, the short term affect will not be good. Markets hate uncertainty and the broad scope of uncertainty around this is huge.

What does this mean for our local real estate markets?

If I had a crystal ball, I would predict that our high-end markets will feel the brunt of the pain. The demographic of the buyer population of luxury real estate is deeply rooted in the financial markets, so more than likely, those buyers will view this as a future buying opportunity and park their money in a safe liquid asset.

The rest of our markets may feel an initial pull back only to recover once they realize the broad base of buyers, for what they have to sell, are even more eager than before to invest in East End dirt!

In the meantime, buckle in. It’s going to be quite a ride.

Truck Beach

Wednesday, June 22nd, 2016

I would like to weigh in on the issue of “truck beach”—a real hot potato… or should I say hot sand. I am stupefied by the town’s decision to fight this for 7 years and vow to continue the fight should the judge not rule in their favor. While I see both sides of this issue, I clearly see a resolution that will not cost the town a dime AND allow for only fishermen pulling in nets to continue as the town claims has happened for many years.

Nearly 30 years ago I sold both properties at the end of Mitchell Dunes Lane… the oceanfront properties. At that time there truly was only the occasional dawn or dusk fisherman casting his or her line in… frankly I never saw a fisherman hauling in his nets as the town describes.

One of those purchasers has become a lifelong dear friend of mine and my family… so I have spent many days at that beach. The current use of the shoreline is not even remotely close to what East Hampton Town describes as its allowable use and hasn’t been for many years. 

Did you know it is the ONLY ‘drive on’ beach that is not on public lands?  Did you also know that just to the east is NY State Parkland? That is THE ANSWER! If truck beach were relocated to this state land there is NO ISSUE! Private property owner rights are then not in question. The town claims this is a title issue. The lawsuit that has cost tax payers TENS OF THOUSANDS OF DOLLARS will cease instantly. Local residents who enjoy driving on the beach and parking there for the day will continue to enjoy the activity… Just a few feet to the East! A WIN WIN situation for EVERYONE! Property owners, tax payers, and beach driving enthusiasts!

Town residents who wish to drive on the beach will need to get a NY State pass to drive and park there and may even need a NYS fishing license , but remember that WAS the original allowable use as described by East Hampton Town. It has been asked – why not allow driving on every town beach  – this would dilute the impact on this beach. Or impose the same hours of use as on other town beaches.  Let’s also consider the impact on the environment… the precious dunes with its important vegetation, the piping plovers and other wildlife.

We can open Pandora’s Box and discuss the importance of comfort stations – which there currently are none. On the state land this could all be cured with cooperation. If a resolution is the true object, the answer is right in front of everyone’s eyes. I am befuddled at why this simple and comprehensive resolution has not simply been done.

The existing tact is a waste of time, energy and money… let’s get smart… PLEASE!  

T&C Opens New Office In Montauk

Wednesday, June 22nd, 2016

Town & Country Real Estate Montauk Office Opening Party

In January, Town & Country Real Estate acquired Pospisil Real Estate in Montauk.  That acquisition begat the months long process of combining two Hamptons real estate offices into one out on The End.  After months of careful renovation directed by Montauk office manager Theresa Eurell and overseen by CEO Judi Desiderio the new T&C Montauk office opened at 1 Carl Fisher Plaza, right on the circle, in Montauk.  A high-tech, chic, light-filled office replaced a much more traditional agency.  This weekend it was time to celebrate and with a flourish Theresa and the Montauk agents welcomed a few hundred friends, associates, and colleagues to take a peek at the new digs, enjoy a splash of bubbly from Sparkling Point, and a little nosh.  In the mix of real estate movers and shakes from within T&C and across the East End community we spotted Jim Miller the publisher of Hamptons Real Estate Showcase and North Fork Real Estate Showcase and mortgage guru Melissa Cohn.

Town & Country Real Estate Montauk Office Dave Ryan, Gina Decker

Town & Country Real Estate Montauk Office Opening Party - Marge Harvey, Theresa Eurell

Town & Country Real Estate Montauk Office Opening Party - Gina Decker, Nancy McGann, JudiDesiderio, Marge Harvey, Theresa Eurell

Fighting Chance Annual Summer Gala

Tuesday, June 7th, 2016

Fighting Chance, East End’s Cancer Support Organization had its 14th Annual Summer Gala On Saturday, June 4, 2016 at the Maidstone Club in East Hampton Village. The reception was a celebration for the care and support given to our local communities. Congratulations to honorees, Robert S. Chaloner, President and CEO of Southampton Hospital and Yusuf A. Hannun, MD, Director at Stony Brook University Cancer Center both this year’s recipients of the Medal of Honor… And a special thanks to Duncan Darrow, Founder & Chairman for founding this much needed organization. Judi Desiderio, Chief Executive Officer of Town & Country proudly serves on the Board of Directors. The location, the food and all the guests made this event such a success! Thank you to all who support Fighting Chance.

  

Photo Credit: Charlie Grubb 

Town & Country Real Estate Opens New East Hampton Office

Thursday, May 12th, 2016

Town & Country Real Estate Nancy McGann, Gene Stilwell, Judi Desiderio, Janet Hummel at the East Hampton office opening

Town & Country Real Estate Nancy McGann, Gene Stilwell, Judi Desiderio, Janet Hummel at the East Hampton office opening.

"Town & Country's grand opening of our new East Hampton office was a grand success…a good time was had by all," says Judi Desiderio, Town & Country Real Estate founder and CEO.  East Hampton office manager and veteran real estate agent Gene Stilwell wholeheartedly agreed adding, "The champagne was flowing and all had a good time! How nice to share a little time with friends and colleagues toasting our new digs."

The new office, located at 46 Main Street, East Hampton, a few doors up for the former space has high ceilings, a wide expanse of windows showcasing the most spectacular examples of Hamptons real estate, cozy gas fireplace, and plenty of room for all of our East Hampton agents.  The chic aesthetic is accented by design elements including a chrome and wood light fixture in the formal lobby that perfectly matches the hardwood floor. 

The grand opening celebration was held Friday, May 6, 2016, to kick off the summer season and over 100 well-wishers came out to raise a glass of Sparkling Point champagne – imported from the North Fork hamlet of Southold, and nibble tasty bites from Cavaniola's Gourmet Cheese Shop in Sag Harbor.  Town & Country Real Estate's founder and CEO Judi Desiderio, managing partners Nancy McGann and Janet Hummel, and the agents in the East Hampton office including William Stoecker, Rick Slater, Kim Slater, Richard Swift, and Hal Zwick, to name a few were in the mix.

"Thanks to all who attended," says Gene. "What a fun night!"

Town & Country Real Estate agents Hal Zwick and Gary Reisman with managing partner Nancy McGann   Town & Country Real Estate agents Leon Day, Rick Slater, Kim Slater, and Gina Decker  

Town & Country Real Estate agent William Stoecker and wife Paige Stoecker   Town & Country Real Estate CEO Judi Desiderio and East Hampton office manager Gene Stilwell

Town & Country Real Estate Director of Digital Media Nicole B. Brewer, real estate agent Kim Slater, and Director of Acquisitions GIna Decker   

Town & Country Real Estate managing partner Janet Hummell with Jim Miller of Hamptons Real Estate Showcase   Town & Country Real Estate Director of Technology Chris DiPetta and guest

Town & Country Real Estate agents Marguerite Davidowicz and Kim Slater   Town & Country Real Estate

Town & Country Real Estate East Hampton Office