Archive for the 'farms' Category

TOWN & COUNTRY TOURS THE NORTH FORK

Friday, July 24th, 2015

Town & Country took their Hamptons Associates to view the finest properties on the North Fork offered exclusively through our North Fork offices and Westhampton Beach.

We began our excursion on the western end at IN#40326 a 23 acre mixed use property. Farm land with all development rights in tact as well as commercial use.

Then off to a 10+ acre horse farm IN#51500 two single and separate lots with a traditional home, barns, paddocks and an indoor riding ring.

We broke for lunch at the beautiful Mattabella Vineyard for what felt like a slice of Tuscany. Enjoying beautiful vine views, incredible food and one of the finest rosé.

The afternoon was a true delight!

First a spectacular 72 acre waterfront farm IN#34966 for an amazing $7M and limitless potential!

Lastly, a private sound front subdivision, perfect for a builder or family compound.

On the way back to the South Fork everyone was amazed at the beauty and opportunities abound. Investors were on instant dial for our Associates. Come explore the beauty and civility of the North Fork!

Congratulations to Peconic Land Trust

Thursday, April 16th, 2015

Our very own, locally grown organic Peconic Land Trust is being honored by the United States Environmental Protection Agency with an Environmental Champion Award for their work in protecting the environment and improving public health conditions. This is a federal award from EPA’s Region 2 office, which includes New York, New Jersey, Puerto Rico & the US Virgin Island. Quite an honor!

 

The PLT was founded in 1983, is based out of Southampton but its reach for preserving land has span across Long Island. Through landowners & municipalities the PLT has preserved over 11,000 acres.

 

There are so many stunning places you can enjoy that the Land Trust has worked to preserve… Quail Hill, Bridge Gardens, Amber Waves, Shellfisher and much more. You can learn about farming, gardening, photography, shell fish, buy organic eggs, and so much more!

 

To John v. Halsey, President of the Peconic Land Trust, and his incredible board and staff… congratulations… well done!

 

 

Judi A. Desiderio, Chief Executive Officer

JD@1TownandCountry.com                  

631.324.8080 ext. 221

TASTE NORTH FORK – VETERANS DAY WEEKEND

Sunday, November 3rd, 2013

This coming Weekend – Veterans Day Weekend – November 8 and 9- the North Fork is the place to be for anyone who loves local farm's produce, food and wine!

All local businesses, vineyards, restaurants and fisheries are putting their best foot forward in a first regional Harvest Festival, TASTE NORTH FORK!

We all know as locals that the East End and the North Fork are the pearl in the oyster of New York Tourism  and that fall is among the best times here: so this regional harvest festival is a wonderful time to come out.

Visit www.tastenorthfork.org for details on this wonderful weekend – and hop on the busses which are looping around the North Fork between Riverhead to Orient with activities at lots of vineyard stops and at the two major hubs on Love Lane in Mattituck and in Greenport with – among other fun – a chance to meet the local farmers and sample their best produce.

Or click here for a program of what's going on.

Don't forget to thank the volunteers of the NFPC, the Greenport BID, the North Fork & Mattituck Chambers of Commerce  and the Town of Southold's EDC for making this terrific festival possible! (And of course EETA, LIWC and Empire State Development Corp).

For more information email gene.gluck@northfork.org

Joan Bischoff van Heemskerck, NFPC President

DEFINE LAND PRESERVATION

Thursday, September 12th, 2013

The Peconic Land Trust recently said they would consider selling 14 acres on Highland Terrace in Bridgehampton if Southampton Town would buy the development rights with CPF money. This has created quite a brew ha ha amongst our local preservation community. The property in question was donated to the South Fork Land Foundation- which is now a subsidiary of the Peconic Land Trust back in the 1970’s. John v. Halsey, who founded the Peconic Land Trust and presides over the trust to date, has made this proposal with a vision for greater good.
John’s intention is to use the money from the sale of the 14 acres to purchase 60-100 acres of active farm land.
In concept, it seems a home run—swap 14 acres for up to 100 acres—but the mechanism to do so has divided the preservationists primarily because of the need for the funding of same via CPF money. This does raise an eyebrow.
 
Back in 1998 the Peconic Bay Regional Community Preservation Fund was born. CPF as we refer to it is funded by a 2% tax on buyers of real property, or real estate. The 5 eastern townships benefited  by the protection of over 10,000 acres in 15 years while amassing $842,000,000.
That’s an incredible accomplishment that all of us have benefitted from.
 
Ironically, the public at times, confuses the Peconic Land Trust with the Peconic Bay Regional Community Preservation Fund. Buyers think they have given to the Peconic Land Trust when they shell out all that money at closing.
 
There are 4 primary parties directly responsible for protecting the beauty and heritage of the East End. The first are the municipalities. The local comprehensive up zonings, which occurred twice during my 3 decades in the industry, helped by creating open space regulations, water recharge districts, scenic easements along roadways, agricultural overlay districts and so much more, before the last of all subdividable property was improved. Secondly, the Peconic Bay Community Preservation Fund. Third The Peconic Land Trust and fourth the Nature Conservancy. Without the efforts of these entities the East End would look like every other over developed area. Thanks to them, any visitor clearly feels the farming heritage, the sea and the dark skies. 
 
Personally, I see these entities as preserving in different ways. The Peconic Land Trust has done a remarkable job of enabling all of us to step back in time and enjoy life on the East End as settlers did generations ago. Have you been to Bridge Gardens in Bridgehampton, or Quail Hill Farm in East Hampton or the Shellfisher on the North Fork… all remarkable and different, places you can go to reflect on where we came from.
 
The CPF money has protected corridors of farm land and taken special sites off the market forever so that we may enjoy nature at every turn.
 
The Nature Conservancy has taken their mission to places far beyond the immediate East End with an eye on preserving our natural resources.
 
And the municipalities… well their contribution is both seen and hidden in more places than you can imagine
 
Thank you all!
 
This is an ideal opportunity to take the time in a collaborative effort to become of one mind for the good of all the public.
There is a common thread and there is a resolution.

GREENPORT TALL SHIPS 2012 – SEE HISTORY COME ALIVE IN THE MARITIME VILLAGE

Wednesday, May 16th, 2012

 

This memorial Day Weekend (May26-27 and 28) the maritime village of Greenport is hosting the Tall Ships Challenge 2012! Although many ships van be viewed from adjoining docks and waterfront areas – the village sells tickets to truly participate in the event

The TALL SHIPS CHALLENGE® Race is a series of sailing races, cruises, crew rallies and maritime festivals organized by Tall Ships America in conjunction with US and Canadian ports on the Pacific and Atlantic Coasts of North America and in the Great Lakes.

Traditionally-rigged sailing vessels from Canada, the US and other countries are crewed by youth (either civilians or cadets) ages 13 – 25 who are engaged in sail training programs under the supervision of captains and professional crewmembers.
Maritime festivals in each host port give visitors a chance to board the tall ships and meet the crew and trainees and learn about the many varied opportunities to sail and travel on Tall Ships America member tall ships. (Source)

Peconic Landing and the Seaport Museum hold the Sea Captain’s Reception on may 26th 5-8 at Brecknock Hall

All law-abiding and loyal citizens are urged to be vigilant and alert to the presence on your coast of the weatherly, fast, and heavily armed Clipper Schooner Lynx. The 122-foot square top sail schooner Lynx will be sailing into Greenport and will be offering a one time opportunity to sail aboard Lynx on Friday, May 25th from 3 pm to 5 pm

For reservations please call 866-446-5969 (PST) or visit www.privateerlynx.org for online ticketing and donations.

SHIPS HOLE FARM

Sunday, January 8th, 2012

In Smithtown there is a 23 acre historic farm that dates back to the 1800's…The Ships Hole Farm. The Peconic Land Trust has orchestrated a collaboration between the current owners, the Nicodemus family, a government grant of $400,000 and private contributions to preserve the farm for open space and one step further. The PLT is hopeful that they can lease portions of the property to multiple farmers who, in turn, can then sell their locally grown produce. A win win for all! Long Islanders will get a working, historic, picturesque farm, complete with an 1800's farmhouse and barns along with nature trails to the Nissequogue River and enjoy the fruits (and vegetables) for local labor…just as it was over 200 years ago!

Once again the Peconic Land Trust has selected an incredible piece of Long Island to preserve — THANK YOU PLT!

HAPPY NEW YEAR – IN REAL ESTATE on the North Fork

Tuesday, January 3rd, 2012

The big question is – what will 2012 bring in business – besides the health and peace we all hope for – especially in the Real Estate Market?

Is an investment in Real Estate a good one right now on the North Fork? In this blog I will try and provide a lot of information to allow you to come to one conclusion – besides the shear enjoyment of a (second) home in our beautiful East End region, an hour and a half outside of Manhattan’s mid-town tunnel…: YES!

Who would have thought that the budget deficit in Greece would affect the sale of your home in the US? With the huge amount of news we are bombarded with on a daily basis, what should we pay attention to (and what not) to make smart decisions? We need to incorporate in our decisions 1) a bit of economic history, 2) some international economic news , 3) US economic factors and finally, and 4) very local real estate concepts as all real estate in the end is hyper local.

The fall of Lehman in the fall of 08 was a first calamity, a tip of an iceberg making the world aware of unprecedented inter-connectedness caused by economic globalization. A globalization providing challenges but importantly also overall benefits for all participants – often overlooked in analysis. The USA and its “American Dream” tie more than any other country the success of its citizens to home ownership. A great system where banks provide mortgages, then re-sell them (to semi Government entities or private parties), and sell more mortgages allowing people the American Dream is unique in its multiplying effect in any developed world economy. The larger scale applications of futures (starting in the days of Aristotle to stabilize grain markets), options and and derivatives augmented this crisis of confidence and economies were thrown in unexpected tailspins. This finally resulted in doubts even in that rock of financial trust – the possibility of default in important economies’ souvereign debt as budget deficits sky rocket as a result of efforts to stabilize financial markets and stave off deep recessions world wide.

Repackaging good and bad loans and selling unscrupulous financial instruments caused an international crisis in confidence in worldwide financial markets. A crisis in general about the value of any collateral. But in three years we have come far in dealing with these issues, and I think the corrective pendulum swung to far and is about to swing back to the middle! Let’s not throw out the baby with the bath water when looking at the causes of economic troubles of 2008, and better understand and appreciate the improvements in the world ecomomy seen today. Let us not overlook the fact that these same maligned instruments properly applied provide businesses a stable planning opportunity, and that smart people profit even when markets go down. Isn’t it just unfair manipulation of markets to achieve such profits that we should be wary of? Hedgefunds in the US and worldwide use this principle-as flow of capital is more important in today’s world economy than production of goods and services. My point: not all effects of more complicated financial instruments are bad.

The good news in the US economy is – the doomsayers didn’t get their way in 2011 – but neither did the bulls. The economy remained flat and since August 2011 the European Souvereign debt crisis seems to dominate any economic news even today. But the news is getting better. Unemployment is finally improving – important precursor to a better Real Estate market. On the East End the bottom did not fall from under the Real Estate market, quite the contrary. As the following graph shows, the market has remained flat but has remained at much higher levels in tranactions and values than all the bad news would suggest- so is the glass half full or half empty? Data suggest it’s filling up again.

Real Estate Activity in New York North Fork Wine Country

Annual Real Estate Sales - Contracts Signed - North Fork

With respect to international news: the truth is: nobody knows for sure what the future will bring. But (according to Onno Ruding, past Treasury Secretary in the Netherlands, Executive Director for IMF, and executive at Citibank) when one looks at the balance of payments for the entire Euro zone things do not look as bad as one would expect from the news – hence the Euro which has not collapsed at all and is stable strong in a range of $1.20-$1.40 to the US Dollar (only a decade ago at 1:1 and nobody thought anything of it). German, Dutch and Finnish Unemployment all are at a long term low. In effect, this crisis of confidence has given rise to the idea of a “German Euro”, and a “Greek Euro” on the other side of the spectrum. The Euro is a strange hybrid of a monetary unity without economic and political unity for the sake of national souvereignty (mostly France’s identity). So is all the Euronews exeggarated in its influence on the US Economy and the US housing market? The fear and a doomsday scenario would be that a failure in Greece’s ability to meet its souvereign obligations might cause a domino effect to Portugal, Spain and Italy, and even France. But short of that happening, a default of just Greece would-worst case- not be catastrophic but quite manageable. I think you can make that case easily – as long as we do not see major unforeseen calamities in 2012, in which case all predictions fail.

In August, the Chief economist for NAR , Lawrence Yun spoke before the NYSAR conference and made an interesting statement: housing starts are not keeping up with household growth for the past three years, possibly creating a housing shortage if trends continue. Might I add that I think that the US consumer is plain tired of bad news – showing up in droves at the stores in the 2011 Holiday Shopping season?

All Real Estate is local, and everyone knows the saying “location, location, location”. So let’s look at the local facts first. I keep track of an interesting statistic: RE contracts signed, in what I call the “Real North Fork” market area, about from Rte 105 East. Please do not hold this statistic to precise measures, as it is very volatile, but the advantage is that it gives you a very quick overview of what the reports on closings later will tell you more exactly, it is a measure of the activity of RE sales in our market with very little delay. A great predictor.

Pictures speak louder than a thousand words, and the facts speak for themselves:

Residential Sales Contracts Signed North Fork - Over $ One Million - (from MLSLI)

2011 saw 34 transactions over $1 Million, vs 35 in 2010, 33 in 2009 and 2008, and 52 in 2007. The upper end of the market has undoubtedly stabilized. I have seen some very good prices fetched for very good properties – almost comparable to the top of the market in the most spectacular homes segment.

Number of Residential Contracts of sale signed in New York's North Fork Wine Country

Number of Residential Contracts of sale signed in New York's North Fork Wine Country

2011 saw 279 transactions vs 280 in 2010, 243 in 2009, 217 in 2008, and 293 in 2007 but this story is not complete without a picture of the median price and days on market:

Median Prices Contracts Signed North Fork WIne Country

Median Prices Contracts Signed North Fork WIne Country

Days on market before contracts were signed

Days on market before contracts were signed

The North Fork Market stabilized in the Summer of 2010. The full picture would indicate that properties for which contracts were signed seem to have taken longer to get to that point – but any experienced Real Estate broker will tell you that a well priced property sells quickly as there are buyers out there looking for opportunities. The median price of homes sold also is at the bottom of the three years as expected: it is either a beauty contest or a price war – and the buyers still have the upper hand here.

To make the right decision, and benefit from the trends these data show, follow our North Fork T&C experience in this market:

Tips for sellers: your pricing decision will determine if and when you will sell. This is what I would consider if I were selling my house: A good Realtor (r) will help you get first prize in the “beauty contest” and suggest ways to present your property in the best light. Make sure you Realtor (r) works full time – so any buyer can reach him or her easily, and so the home can be shown promptly and easily to buyers when they are available. Also make sure your Realtor makes use of the best technology available. Look at the way their listings show online before choosing an agent. And like-it-or-not: statistics show that most buyers today will find the property they are going to buy online. Feel free to use our Town and Country Website as a standard: again, a picture speaks louder than a thousand words and our state-of-the-art web technology showcases your home beautifully. Ask the question: where will your buyer come from? Does your agent have the wherewithall to reach that buyer? Is there a fit between his or her personality and the buyer you are trying to attract? Is the way this agent markets other properties attractive to that buyer for your home? In the end luck will play a role, but you can reallly improve your odds by selecting the right agent and the right RE company. If you were a buyer – would you enjoy looking at homes with this agent? Is he or she enthusiastic, happy, and a goal getter? All characteristics we look at before we ask associates to join Town and Country Real Estate.

Sellers: things are probably not going to get better quicklier than your running expenses if you hang on. Make use of the fact there’s a lot less market competition now with fewer properties on the market. And think of it this way: if you are going to make use of any buying opportunities after you sell- best to grab them now, so better to sell now and not wait! The only good reason to take a property off the market is if you do not want to sell. And buyers can afford your home now better now than in the (nearer) future- you can almost take that one to the bank.

Tips for buyers: work with a Realtor (r) who knows the market and loves Real Estate – only then will he or she be able to tell you which homes are the ones that you want to look at, know the ins and outs of each home, and allow you to use your time efficiently. You want to be ahead of the curve – once everybody catches on that the worst is over – you will be too late for the best time to buy. Come prepared with a mortgage pre-approval in hand. Be available and ready to go when a home pops up (either new on the market or suddenly lowered to the right price) – for a great deal you will have competition from other buyers and you need to be quick and ready to compete. This morning only 397 homes showed up on MLS, in a market area where normally 550 homes are on the MLS. So be prepared to act. Waiting will not get you a better deal – so if you find what you are looking for and the price is right – buy now while interest rates are still low.

To buy or not to buy is the question, or for sellers: to sell or not to sell. Buyers may have to pay higher interest rates if they wait longer, and I see prices going up. So buyers who are going to “wait and see” may well have to pay for that privilege. And don’t forget – what banks think buyers can afford will go down very quickly under that scenario.

Town and Country is excited to report that we are experiencing remarkable growth and development in this challenging market. Our T&C agents have helped more buyers and sellers succesfully conclude deals on the North Fork than ever before. December was the busiest month of December most of our agents can recall. Our careful selection of professionals to service your needs is responsible for that. Call us if you are interested in joining us in our success, to buy, sell, or rent, in our Mattituck office at 631 209 0600 or Southold office at 631 765 0500! At Town and Country Real Estate – we are quietly getting the job done.

PECONIC LAND TRUST

Friday, October 7th, 2011

.. I was delighted to have experienced the Peconic Land Trust Common Table in Amagansett this past Sunday. It was a beautiful day and a wonderful event for a great cause… the stars all lined up.

NO-VACANCY SIGNS ARE GOING UP AT BRAND NEW “BLUE INN” IN EAST MARION FOR 4TH OF JULY WEEKEND

Friday, July 1st, 2011
Blue Inn at East Marion, North Fork

Montauk Hotelier Sam Glass succeeded in bringing the best of the North Fork and South Fork & the Hamptons together: the owner of Montauk’s Ocean Resort Inn is opening the Blue Inn this fourth of July weekend!

Visitors to the North Fork looking for a place to stay: pay attention! The Blue Inn will be the place to be beginning this weekend and no vacancy signs are going up quickly (still call to see if there are a few no-shows or cancellations – worth a try!!)

The renovations which took place since Sam Glass bought this famous North Fork watering hole and Inn last year made all the

Blue Inn Guestroom

rooms and suites conform to the highest standards in hospitality: clean, luxurious and tasteful! Each room has its own small kitchenette

The Blue inn is located conveniently on the Main Road in East Marion – only a few miles form hustling and bustling Greenport

Lavender by the Bay

Village with all its harbor-front shopping and dining. While you are relaxing on one of the rocking chair porches or sipping a cocktail at the Bar you’ll get a whiff of the breeze from the west where Lavender by the Bay has its neighboring acres fields of French Lavender blooming this weekend. It all spells out one thing: Relax and enjoy!

 

Worth a visit – and While you are out visit a few of Town and Country’s open houses on Saturday!

Welcome to the North Fork and Happy Fourth!

Porches with Rocking Chairs at the Blue Inn
 

What’s in the name Sagaponack?

Tuesday, November 30th, 2010

The name Sagaponack, like so many of  others in the Hamptons, is derived from the Shinnecock Indian Nation and meant "land of the big ground nuts" or more commonly known as potatoes. Potato farming continued until late in the 20th century and many of the huge estates are now built on former potato fields. It is these estates that gave Sagaponack a  ranking as the number one most expensive zip code a few years ago. Originally just a stretch of land connecting Southampton to East Hampton it is now home to many a rich and famous. With the famed Rennert mansion, a controversial 29-bedroom mansion on 62 oceanfront acre, and other big name celebrities making Sagaponack a second home destination, real estate value began to escalate from was farm-land prices on the east end to what they are today — but the rural abundance that makes Sagaponack so unique has always remained just picture perfect.