Archive for the 'North Fork' Category

Royalton Farms: Exclusive Equestrian Community & $32M Estate Property

Friday, October 27th, 2017

Estates at Royalton Farms

 

At Royalton Farms in Mattituck, New York we have realized the vision of an equestrian community unlike any other on the North Fork of Long Island. World-class amenities, trainers of the highest caliber, and show quality rings all center around The Estate, a grand 16,000 sq.ft. house on a very private 12-acre lot with 7 bedrooms, 9 bathrooms, elegant bar, chef’s kitchen, and indoor and outdoor swimming pools.

 

For those who wish to fully immerse in the luxury equestrian lifestyle, we offer the Estates at Royalton. With the utmost in exclusively, The Estates at Royalton  are 11 custom homes designed by noted Westhampton Beach architect Nick Vero range from 3,500 to 5,500 sq.ft. each with a pool, 2 stall barn and paddock or pool house.  Trails and bridle paths surround the equestrian community and lead to a private pond and the equestrian facilities.  Located within Royalton Farms these homes offer a once in a lifetime opportunity for those who live and breathe their passions. 

 

ESTATES AT ROYALTON – Pricing Starts at $1,800,000.  Web#29522. Web#28601. Web#28332.

THE ESTATE – $32,000,000.  Web#55196

 

Call Lori MacGarva, Licensed Real Estate Salesperson, 516.242.9633, LMacGarva@TownAndCountryHamptons.com for a private tour.

 

Royalton map

Town & Country North Fork 3rd Quarter 2017 Home Sales Report

Tuesday, October 17th, 2017

The 3rd Quarter of 2017, for the North Fork markets at large, was a solid performer. In fact, all 3 criteria monitored by TOWN & COUNTRY increased significantly…Number of Home Sales were up 15%, Total Home Sales Volume increased 23%, and Median Home Sales Price rose 22%.

The most dazzling statistic occurred in the $1-2M price category with 140% rocket launch from 5 in 3rd Quarter 2016 to 12 for the same period in 2017! Oddly the $2-3.49M price category dropped to zero from 3 sales last year. There was 1 sale over $3.5 -$5M, the highest home sale was 9775 Nassau Point Road, a 7200 sq. ft. manor house on 2 acres of waterfront for $4.65M, originally priced at just under $8M.

Southold (which includes New Suffolk and Peconic) was the shining beacon for this quarter with an incredible display of demand. There was a 71% jump in Number of Home Sales from 24 in 2016 to 41 this year. And the Total Home Sales Volume more than doubled with over $26M changing hands and the Median Home Sales Price increased 25% to $580,000.

Orient (which includes East Marion and Greenport) was another story all together. Sales activity for the 3rd Quarter was significantly off its game, with 36% fewer Home Sales which then posted a 31% lower Total Home Sales Volume. Conversely the Median Home Sales Price rose 26% to $650,000 — the highest for all North Fork hamlets. So why such a reduction in sales? Is this an inventory issue or a softening in demand? Further exploration required.

In conclusion, the North Fork markets experienced a good up-tick in business other than Orient (which includes East Marion and Greenport) — in the 3rd Quarter of 2017

To view all reports click here – http://www.townandcountryhamptons.com/html/marketReports.php

Town & Country North Fork 4th Quarter 2016 Home Sales Report

Thursday, March 23rd, 2017

The last 3 months of 2016 were filled with fits and starts for North Fork Real Estate markets. Half the individual markets monitored by TOWN & COUNTRY experienced increases in the Number of Home Sales. In fact, Mattituck (which includes Laurel and Cutchogue) had a banner quarter with an impressive 45% jump in the Number of Home Sales and a whopping 65% leap in Total Home Sales Volume.

On the other side of this spectrum is Southold (which includes New Suffolk and Peconic) that saw a 49% drop in the Number of Home Sales, from 41 in the 4th Quarter 2015, to 21 in the same three months of 2016. Additionally,the Total Home Sales Volume dropped 40% due to the lack of sales.

One key statistic to note, is the Median Homes Sales Price rose in nearly every market. This is a clear indicator that prices are on the rise. Looking at All North Fork Markets Combined and you can guage the trajectory of North Fork home sales at the end of last year. While the Number of Home Sales declined by 15%, and the Total Home Sales Volume dropped 7%, the Median Homes Sales Price rose 9.5%. Furthermore, the price category that saw the only increase was the $2-3.49 million price category.

2017 should be a better year than 2016. TOWN & COUNTRY North Fork offices are all reporting heightened activity since the election.

To view all reports visit http://www.townandcountryhamptons.com/html/marketReports.php

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’s Annual Holiday Ball

Monday, December 21st, 2015

Town & Country Associates celebrated 2015 at The Southampton Social Club Friday evening. Ian and his staff did an outstanding job. It was a fabulous party with scrumptious hors d'oeuvres, cocktails and dinner.

The mood was festive as we celebrated a great year for T&C since we shattered many of our own records! What a festive way to enjoy each other and the holiday season.

Wishing everyone a happy, healthy & prosperous 2016!

Photo Credit: Charlie Grubb

Gracious Thanksgiving: Top 4 Hamptons & North Fork Kitchens

Wednesday, November 25th, 2015

Southampton Kitchen

Thanksgiving is truly a special day that kicks off the holiday entertaining season. It is a time to celebrate family and friends while focusing on being thankful and generous to others. Nothing says Thanksgiving more than friends and family gathered around a decadent table laden with roasted turkey, savory stuffing, cranberry sauce, and of course, pumpkin pie. Those familiar with hosting a holiday dinner know that there is a great deal preparation to prepare for a lavish meal. A key ingredient for successful holiday entertaining is a well-planned kitchen.  Just like in real estate, location is everything be it a house on the water or the Viking range and Sub Zero refrigerator.  These are some of our favorite spots to whip up something delicious and toast the season here in the Hamptons and across the North Fork of Long Island.

East Hampton KitchenIn Southampton this stately home has that understated elegance you’d expect in the Hamptons.  Located close to both the town and beach, this home is ideal for stylish entertaining. The gracious open kitchen is adorned with the world's finest appliances from Sub-Zero and Miele.  The adjoining breakfast room is surrounded by floor-to-ceiling sliding French doors that let in the light just perfectly.  For details contact Robert Tomich, Town & Country Real Estate, Southampton Office, 631-283-5800, IN#36553.

The natural light and white cabinets are chic and sophisticated in this East Hampton kitchen. State of the art stainless steel appliances and a double refrigerator that can hold everything you need for a large holiday dinner are why it is a stand out. The center island is a perfect spot for entertaining while cooking up a scrumptious meal. A key ingredient in any great kitchen is having enough work space and ample storage, this kitchen has it all and more.  For details contact Pamela Walsh, Town & Country Real Estate, Bridgehampton, 631-537-3200, IN#16713.

Quiogue KitchenThis quaint eat-in-kitchen in Quiogue uses its space wisely. A bookcase located on the end of the counter top is perfect for quick access to those favorite holiday recipes and cookbooks. Plenty of cabinets below the counter hide pots and pans while glass cabinets showcase favorite items and create an open feel.  This room flows gracefully in a circular shape with two sinks and extended stovetop, the possibilities are endless. The crown molding and cabinetry in this French Country kitchen lend elegant detailing.   For details contact Christine M. Byrne, Town & Country Real Estate, Westhampton, 631-288-3030, IN#35922.

Who doesn’t love a new kitchen? 

East Hampton Kitchen We found a perfect spot to prep and entertain in this new construction in East Hampton.  The eat-in gourmet kitchen with top-of-the-line Wolf range has a large center island ideal for hosting a holiday.  Bring up a few bottles from the wine cellar and transform the island into a chic bar for cocktails.  Two fireplaces and 5 bedrooms, as well as a finished lower level, mean there is room for quite the gathering.  For details contact Tracy Annacone, Town & Country Real Estate, East Hampton Office, 631-324-8080, IN#50443

When the cook is happy that same love and gratitude is reflected in the food and the mood and that truly what Thanksgiving is about. We appreciate these gorgeous kitchens that are overflowing with charm and chic style.  From everyone at Town & Country Real Estate we wish you and yours a very Happy Thanksgiving.

2015 HOME SALES POISED TO REACH 2007 LEVELS

Wednesday, November 4th, 2015

The National Association of Realtors September report confirmed what Realtors across the United States have been experiencing. Existing home sales climbed to a seasonally adjusted rate of 5.55 million or 4.7% — a huge gain of nearly 8% over 2014!

This spike made up for some of August’s soft spots. We suspect the stock market’s wild ride in August set the stage for the August weakness. However, the September spike was a welcome sign that the home sales in 2015 nationally are on target to hit levels not seen since the crash. The American Dream is alive & well! Yet there are a few rain clouds in the sky…

First time buyers seem to have lost some strength with logging 29% of all sales vs the 32% in August. We will be watching this to see if it is a trend or an anomaly. First time home buyers are significant players as they ear mark future demand.

Let’s seek to the Home Affordability Index at year’s end for more insight.

TOWN & COUNTRY NORTH FORK 3RD QUARTER 2015 HOME SALES REPORT

Tuesday, October 20th, 2015

TOWN & COUNTRY’S Judi A. Desiderio has been reporting on North Fork 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. In fact, 2 markets more than doubled.

All 4 markets monitored by TOWN & COUNTRY saw dramatic decreases in the Number of Home Sales with Orient (which includes East Marion and Greenport) dropping the most – 47% from 34 sales to 18 year over year.

Southold (which includes New Suffolk and Peconic) realized a 51% plunge in Total Home Sales Volume from $29M to $14.3M.

Jamesport (which includes Aquebogue, Baiting Hollow and South Jamesport) and Orient (which includes East Marion and Greenport) experienced increases in their Median Home Sales Price. Orient by as much as 11%.

Looking at All North Fork Markets Combined and the RED straight across the boards is glaring! All three criteria and all 6 price ranges monitored by TOWN & COUNTRY posted declines by as much as 35.5% in Total Home Sales Volume year over year, with the high end suffering the worst.

Doing a year over year analysis may not give the full and comprehensive picture. To illustrate let’s look at the 3rd Quarter 2013 and we see comparable figures as 2015. Thus the conclusion that 2014 was a banner year would be most correct. 

Click HERE for full report & statistics.

TOWN & COUNTRY NORTH FORK MID YEAR 2015 HOME SALES REPORT

Wednesday, August 26th, 2015

The first 6 months of 2015 was a strong performance for the North Fork Markets!

Jamesport (which includes Aquebogue, Baiting Hollow and South Jamesport) was the star with all 3 criteria monitored by TOWN & COUNTRY, solidly in the black as well as the price ranges. The Number of Home Sales rose 18% and Total Home Sales Volume was up +19.3% while Median Home Sales Price gained 13.2%.

Mattituck (which includes Laurel and Cutchogue) posted the most number of sales at 73 closings along with the greatest statistical change of nearly 22%. The Median Home Sales Price for the first 6 months rose 13.2% to $505,000 from $446,250. But due to fewer sales over $2 million, year to year, the Total Home Sales Volume dipped 4.5%.

Southold (which includes New Suffolk and Peconic) also experienced heightened activity with all 3 criteria realizing gains; the Number Home Sales +6%; Total Home Sales Volume +17%, and Median Home Sales Price +1%.

Orient (which includes East Marion and Greenport) was the only North Fork market to see a pull back. The Number of Homes Sales for the first 6 months of 2015 dropped 14.3% from 2014 and Total Home Sales Volume was down 13%; the same time period. But the Median Home Sales Price rose a respectable 12.2% from $430,000 to $482,500, year to year.

Looking at All North Fork Markets Combined and you clearly see a solid first 6 months in sales activity. The Number of Home Sales was up 8%, Total Home Sales Volume +2% + Median Home Sales Price +9.4%. The strong increase in Median Home Sales Volume is a trend we are experiencing on the North Fork as more people come to discover the unique beauty.

To view all reports visit TownAndCountryHamptons.com/Reports.