Archive for the 'East Hampton Village' Category

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 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.

 

TOWN & COUNTRY HAMPTONS 4th QUARTER 2015 HOME SALES REPORT

Tuesday, January 19th, 2016

This 4th Quarter TOWN & COUNTRY HOME SALES REPORT is one of the most interesting compilation of factors in the nearly three decades I’ve been reporting on market statistics. Tons of moving parts.

First, let’s examine the obvious… the last 3 months of 2015 were not banner months for trades. In fact, 10 of the 12 markets monitored by TOWN & COUNTRY saw declines — some quite significant — with the greatest statistical drop in Amagansett at 46%.

Next reviewing the Total Home Sales Volumes and the bleeding gets worse with 12 of the 12 markets we watch closely experiencing declines. Southampton Village got pummeled with a 67% plummet in Total Home Sales Volume from $222M in 4th Quarter 2014 to $74M in 4th Quarter 2015. But fret not, this is primarily due to four huge sales in 2014 all over $30M, that pushed the Total Home Sales Volume to rare heights.

The beacon of the three criteria monitored by TOWN & COUNTRY is the Median Homes Sales Price. 7 of the 12 markets saw increases, with many being significant increases. The Bridgehampton Market (which includes Water Mill and Sagaponack) shot up 38% from $2.87M in 4th Quarter 2014 to $3.95M in 4th Quarter 2015. Only East Hampton Village topped that Median Homes Sales Price slightly, with $3.995M.

As we predicted, the price range suffering the most was the high end. The $20M+ and up price range sunk 64% from 11 sales in the 4 in the 4th quarter 2015. This is a direct result of the pull back on Wall Street, since that’s the demographic of the buyer at that elite level.

TOWN & COUNTRY monitors specific price ranges within each market. 7 of the 8 saw declines. One surprise is the $5 – $9.9M category which closed 2 more sales, from 25 to 27 home sales, therefore increased 8%.

A glance at All Hamptons Markets Combined and the picture comes into full focus. During the last 3 months of 2015 the Hamptons Home Sales experienced a pull back.

Click HERE for full report & statistics...

NEW EAST HAMPTON TOWN RENTAL REGISTRY LAW

Thursday, December 17th, 2015

Dear Associates and Homeowners,

We at Town & Country are committed to being your Real Estate Resource. To that end, we hereby inform you of the latest law for rentals of homes and apartments. 

Attached you will find EHT Resolution RES-2015-1337. This is the adopted RENTAL REGISTRY LAW. Any owner who rents out their home is obliged to comply. YOUR ACTION IS REQUIRED.

While there was much pushback and concern over implementation, privacy, legality, and much more, the town decided to move forward. It is our opinion that the law needed to be fully baked prior to adoption and that its current form requires more discussion, planning and modification, but the horse is out of the barn and now the EH Building Department and Code Enforcement will bear the brunt of inadequate planning and execution.

Town & Country Associates are always available to assist our clientele in the navigation of residential and commercial sales & leasing. Feel free to call or stop by one of our 8 offices or if you own a rental property in East Hampton, a visit to Town Hall is your next stop.

Wishing you all a healthy and enjoyable 2016!

Fighting Chance Annual Summer Gala

Friday, June 5th, 2015

Town & Country proudly sponsored the 14th Annual Fighting Chance Gala on the Ocean in East Hampton Village, Saturday, May 30th. The setting, the food and the company all came together for a wonderful evening. Sue Davies and Sheila Mahoney Co-Chaired the event…It was a grand success!

 

Fellow board members joined Sue and Sheila

Duncan Darrow

Anthony Brandt

Betty Cowles

Meredith Darrow

Judi A. Desiderio

April Gornik

Renu Hausen, M.D.

Martin Karpeh, M.D.

Rosemarie Slevin Perocchia, R.N.

Dushy Roth

Roman Roth

 

And the Fighting Chance Staff

Karrie Zampini Robinson, LCSW

Bill Discipio, PHD

Margaret Bromberg, LCSW

Wendy Hornick, LSW

Nancy Greenberg

Charlie Grubb

Lisa Pettersson

 

At Fighting Chance we believe that everyone who battles cancer deserves a fighting chance.

 

 

   

Photo Credit: Charlie Grubb

  

Judi A. Desiderio, Chief Executive Officer

JD@1TownandCountry.com                     

631.324.8080 ext. 221