Archive for the 'Montauk' Category

Panoramic Views In Montauk – Town & Country Real Estate Sells Pair of Montauk Oceanfront Estates Listed For $13M

Thursday, December 15th, 2016

Town & Country Real Estate congratulates Associate Jeff Sztorc, licensed real estate salesperson in our East Hampton Office, on the sale of two magnificent oceanfront properties in Montauk. Just west of Gurney's and offering fantastic panoramic views, the properties offer some of the highest elevations on Old Montauk Highway. Listed for $13 million.

 

"The properties are very special," says Sztorc.  "With quite a bit of elevation, the views of the Atlantic are impossible to beat.  I'm excited to be a part of this on a stretch of the ocean I'm passionate about." 


To see more about the property visit - http://www.townandcountryhamptons.com/html/projectDetails.php?innum=30862 and http://www.townandcountryhamptons.com/html/projectDetails.php?innum=04130

Montauk Toy Drive Brightens Up Christmas For Deserving Farming Families

Wednesday, December 14th, 2016

"We often forget that there are farms here on Long Island who make use of migrant farm workers," says Town & Country Real Estate's Rori Finazzo, of the Montauk Office.  "These folks are still very much like the days of Tobacco Road.  They go from crop to crop."  

Finazzo and her Montauk colleagues worked this past month to spread the word and raised awareness of the needs of the Eastern Farm Workers Association.  In total they collected dozens of toys between our Montauk, Bridgehampton, and East Hampton offices that will spread the giving message of the season and brighten quite a few Christmas mornings here on the East End.

Upon reflecting on the efforts Finazzo said, "It made me feel good to do this as I am sure it made everyone who donated."

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

HAMPTONS TOP 10 MOST EXPENSIVE SALES OF 2015

Tuesday, February 16th, 2016

2015 closed out the year with a solid performance on the high end. But, 2014 remains THE BEST YEAR for high end real estate sales — shattering all prior ceilings with Barry Rosenstein’s purchase of Andrew Gordon’s estate from his partner, Chris Browne at $147M. The combination of 62 Further Lane, East Hampton at a total price of $97M plus 2 contiguous lots totaling $50M yields the $147M dollar total. That record sale unseated the prior high water mark set in 2007 when Ron Baron bought the deMenil Carpenter property also on Further Lane in East Hampton at $103M.

So while the 2015 top slots don’t come close to those record sales, the 10th spot was held at a respective $23M for 377 Jobs Lane in Bridgehampton.

In keeping with past Top 10 Most Expensive Sales reported by TOWN & COUNTRY, 9 of the 10 sales were waterfront with 7 of the 9 being oceanfront. The hamlet count was fairly consistent with Southampton logging in the most at 4, Bridgehampton with 2, East Hampton with 2, and Montauk with 1.

East Hampton once again takes the crown with 226 Further Lane at $57.3 M.

To view all Top 10 Most Expensive Sales visit TownAndCountryHamptons.com/Reports.

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.

The East End is Awash in Pink Bows!

Wednesday, September 30th, 2015

The East End is awash in pink bows. From Westhampton Beach to Montauk, our main streets are heralding the arrival of breast cancer awareness month thanks to volunteers from the Coalition of Women's Cancers at Southampton Hospital. If you look closely in shop windows, you will also see the Coalition's multi colored ribbons. The Coalition is a local charity that provides services for East End women battling breast, ovarian and uterine cancers. All monies raised stay local and make a difference in the lives of these brave women and their families. If you are inclined to donate this month, think local! In addition to the Coalition for Women's Cancers, the East End has other wonderful organizations that help those with cancer, including Lucia's Angels and Fighting Chance.

According to statistics from breast cancer.org, about 1 in 8 women will develop invasive breast cancer in her lifetime. 85% who develop the disease have no family history of breast cancer. There are currently 2.8 million women worldwide who are surviving breast cancer today. Awareness of the disease has led to earlier detection and better survival rates.

Many thanks to the Coalition's volunteers in painting our beautiful villages and hamlets pink to raise awareness this October!

Creating and sustaining a supportive network in our community for women affected by breast, ovarian, and uterine cancers. The CWC focuses on education, early detection and empowerment to bring about better health care and improved quality of life.

Town & Country’s Board of Directors and Executive Staff Members

Monday, September 21st, 2015

Town & Country's Board of Directors and executive staff members enjoyed a beautiful luncheon at Duryea’s Dock in Montauk at the Annual Fighting Chance Lobster Bash. Duncan Darrow, Fighting Chance Founder and Chairman greeted everyone.

We all enjoyed our lobsters, chowders and much more, paring this great seafood with two great North Fork wines!

Chip Duryea was honored with a painting by Paul Davis. Chip’s generosity and love of Fighting Chance shone greater than the sunshine!

T&C has been taking our Board of Directors and executive staff members for the past few years… it’s a tradition we will miss since Duryea’s has been sold and will never quite be the same again without Chip.

A good time was had by all!

  

   

        

Photo Credit: Charlie Grubb

Billy Joel’s Last Concert at the Nassau Coliseum

Thursday, August 6th, 2015
Long Island boy, Billy Joel entertained his adoring Long Island fans for the last concert at the Nassau Coliseum. The arena is due to be removed to make way for a new complex. How fitting for Mr. Joel to grace us with the swan song or should I say songs as he played for over three glorious hours. I've seen him live many times back at the Ranch in Montauk and of course the coliseum. He is truly the entertainer. Our own Piano Man from LI. Paul Simon stopped by for a tune or two and the King of Queens made an appearance. What a great night!

Judi A. Desiderio, Chief Executive Officer
JD@TownAndCountryHamptons.com     
631.324.8080 ext. 221

TOWN & COUNTRY HAMPTONS 2ND QUARTER 2015 HOME SALES REPORT

Monday, July 20th, 2015

This second quarter report of 2015 is a most unusual one. After reporting on home sales statistics for over 30 years, even I still get surprised by the factual numbers as they are recorded.

TOWN & COUNTRY’S Home Sales Reports are laser focused on 11 specific Hamptons markets, monitoring 3 criteria. The first metric of the Number of Home Sales shows 8 of the 12 markets are down, 1 flat and only 3 markets reported increases in the number of trades. Magnificent Montauk saw the greatest increase of 22% from 23 to 28 homes sold same quarter year-to-year. Sag Harbor Village and Sag Harbor Area (which includes North Sea) experienced the greatest declines of 45% and 43% respectively. 

The second metric of Total Home Sales Volume tells a different story for the 2nd Quarter of 2015 with 6 of the 12 markets enjoying increases by as much as 69% in Westhampton (which includes Remsenburg, Westhampton Beach, East Quogue, Quogue and Quiogue). In fact, the Westhampton markets had a statistical joy ride with significant increases in all 3 criteria monitored by TOWN & COUNTRY. Westhampton (which includes Remsenburg, Westhampton Beach, East Quogue, Quogue and Quiogue) had 20% increase in the Number of Home Sales, a 69% explosion in Total Home Sales Volume and a giant 76% up-tick in the Median Home Sales Price from $697,500 to $1,225,000. Looking closely at the 8 specific price ranges we track and the picture is clear that the increases in activity were at the higher price points.

While the 76% jump in the Westhampton’s Median Home Sales Price is impressive, East Hampton Village was off the charts with a 93% leap from $2,678,750 for the 2nd Quarter of 2014 to $5,175,000 for the same Quarter 2015. East Hampton Village logged 4 of the 10 sales $10-$20M for the entire Hamptons. Bridgehampton (which includes Water Mill and Sagaponack) was an honorable mention with 3 sales in that price category and the only Hampton market to log a home sale over $20M. In fact, the top sale for the quarter was a $29.5M sale of 493 Rose Hill Road in Water Mill, Andrew Zaro’s beautiful home on Mecox Bay.

Looking at All Hamptons Markets Combined and you see that the 2nd Quarter of 2015 was only slightly off from 2014 or 40 less transfers, but the Median Home Sales Price and Total Home Sales Volume both increased due to heightened activity in the higher price points. In fact the $3.5M – $4.99M price range saw the greatest increase in activity with 47% more sales.

Click HERE for full report & statistics: 

Judi A. Desiderio, Chief Executive Officer
JD@TownAndCountryHamptons.com       
631.324.8080 ext. 221

TOWN & COUNTRY HAMPTONS 1ST QUARTER 2015 HOME SALES REPORT

Monday, April 20th, 2015

It doesn’t happen often but occasionally the statistics surprise me. As I always say “the numbers don’t lie. They tell it like it is!” And this Home Sales Report on the first 3 months of 2015 is a mixed bag. I had anticipated a blow away report based on activity in all 8 TOWN & COUNTRY offices but the fact is two-thirds, or 8 of the 12 markets monitored by TOWN & COUNTRY experienced a reduction in the Number of Home Sales, as well as Total Home Sales Volume. In fact, 2 markets, Sag Harbor Area (which includes Noyack and North Haven) and Shelter Island, both sank over 50% in Total Homes Sales Volume and white hot Montauk dropped 46% in the Number of Homes Sales. Strange, right?

 

On a positive note, Sag Harbor Village rose 31% in the Number of Home Sales and East Hampton Village posted a whooping 59.2% spike in the Total Home Sales Volume. Certainly a darling quarter for East Hampton Village, which was firmly in the black in all 3 criteria TOWN & COUNTRY analyzes – Number of Home Sales (+14%), Total Home Sales Volume (+59.2%) and Median Home Sales Price (+23.2%).

 

Southampton Village saw the greatest gain in Median Home Sales Price at 37% from $1,677,500 to $2.3M year to year. But truth be told, Southampton Village, East Hampton Village and Bridgehampton (which includes Water Mill and Sagaponack) markets ordinarily hover between $2.5M and $3M quarterly for Median Home Sales Price.

 

In this report, Bridgehampton (which includes Water Mill and Sagaponack) had an impressive 1st Quarter 2015 with a Median Home Sales Price of $3M and a staggering $230,201,000 Total Home Sales Volume, which is 30% of All Hamptons Markets Combined for Total Home Sales Volume. Bottom line, the Mill Bridgehampton Market (which includes Water and Sagaponack) sold more high-end than any other market. In fact, 6 of the 9 sales $10M-$19.99M were in Bridgehampton (which includes Water Mill and Sagaponack) and 1 of the 2 over $20M was also Bridgehampton (which includes Water Mill and Sagaponack), the other was in Southampton Village.

 

The big surprise though – All Hampton Markets Combined realized a dip in the Number of Home Sales, Total Home Sales Volume and Median Home Sales Price. Is this the trend for 2015?

 

To view the complete report visit 1TownandCountry.com/Reports.

 

Judi A. Desiderio, Chief Executive Officer

JD@1TownandCountry.com                  

631.324.8080 ext. 221