Archive for the 'Sag Harbor' Category

Look Out… Here Comes Audrey II

Thursday, May 12th, 2016

“Little Shop of Horrors,” the devilishly delicious sci-fi  smash musical, will be performed by the young actors of Stages, A Children’s Theatre Workshop helmed by Helen Leonard and her husband Town & Country Real Estate's East Hampton office manager and sales agent Gene Stilwell. The 50’s rock doo-wop musical has devoured the hearts of theatergoers for over 30 years. Howard Ashman and Alan Menkin (Little Mermaid, Beauty and the Beast, Aladdin) are the creative geniuses behind one of the longest running Off-Broadway shows of all time.

Little Shop of Horrors follows the misadventures of Seymour, a down and out florist assistant  who becomes an overnight sensation after discovering an exotic plant with a craving for fresh blood. Soon the plant, Audrey II, grows into an R&B singing carnivore who promises Seymour fame and fortune in exchange for feeding its growing appetite. We soon learn that the plant is an alien planning on world domination. Filled with quirky humor and irresistible songs , this spoof of  50’s sci-fi disaster films has become one of the most popular shows in the world with an Off -Broadway, Broadway and musical movie version .

Bravo to Helene Leonard who directs and choreographs Stages’ production of Little Shop of Horrors.  The show features local young actors and Amanda Jones and James Benard provide the musical accompaniment.

Audrey II, the plant puppet, was designed by Martin P. Robinson, New York City, and constructed by Character Translations, Inc., for Music Theatre International.

All tickets are $15, call 631-725-9500 to order.  The show opens at Bay Street Theater (Bay Street, Sag Harbor) on Saturday, May 14, 2016 with a matinee at 2pm and another show at 7:30pm.  The final show will be Sunday, May 15, 2016 at 2pm.  

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 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 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

Get Ready to Rock When STAGES presents BYE BYE BIRDIE!

Tuesday, April 28th, 2015

“Put On a Happy Face” and take yourselves down to the Bay Street Theatre where Stages, A Children’s Theater Workshop Inc will present the Rock-n-Roll Musical Bye Bye Birdie!

 

Before Hairspray or Grease… there was Bye Bye Birdie!! This ultimate Rock –n –Roll musical filled with teenage fun and great songs has something for the entire family. It’s the 1960’s and heartthrob singing sensation Conrad Birdie, loosely based on Elvis Presley, is going into the army. His manger Albert and his secretary Rosie have cooked up a publicity stunt to give him a big send off!  He will bestow ‘One last Kiss” to one lucky fan, Kim MacAfee, on the Ed Sullivan show before he leaves. With a town full of colorful characters and crazed, screaming teenagers, Bye Bye Birdie brings us all back to a simpler time before cell phones, and computers!

 

This highly entertaining Tony award winning musical features a book by Michael Stewart and music by Charles Strouse and lyrics by Lee Adams.

 

The cast consists of over 30 local actors age 8-18 directed and choreographed by Helene Leonard.

 

Stages will present Bye Bye Birdie at The Bay Street Theatre in Sag Harbor Saturday May 2 at 2:00 and 7:30 and Sunday May 3 at 2:00. All tickets are only $15 and can be purchased at The Bay Street Theatre Box office or charge by phone at 631-725-9500.

 

Bye Bye Birdie finishes out Stages 20 year Birthday Celebration and it’s not to be missed!  So grab your “steady “and go see Bye Bye Birdie!  “You’ve got a lot a livin’ to do!!”

 

 

Gene Stilwell

GStilwell@1TownandCountry.com

631.324.8080 ext. 218

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

Sag Harbor Long Wharf sold to Sag Harbor Village

Friday, December 21st, 2012

On December 18th, the Suffolk County Legislature agreed to sell the Long Wharf to the Sag Harbor Village for $1. It gives Sag Harbor full control of the Long Wharf. It also makes the village financially responsible to cover the long-term costs of caring for the facility.

It was those costs, that led former Suffolk County Executive Steve Levy’s office to suggest Sag Harbor Village take over the wharf. “I am happy the village is willing to take it,” Jay Schneiderman said.

More than two years of back-and-forth, The Suffolk County Legislature at first would not agree to sell the wharf and the adjoining Windmill Beach to the village, citing its potential value. There were also discussions about the village sharing revenues generated by the wharf — used to dock luxury boats in the summer season — with the county. But according to Sag Harbor Village Mayor Brian Gilbride, the village’s basic upkeep of the wharf often can exceed the $30,000 to $90,000 generated by dockage.

Eventually, with the legislature easing the costs of Long Wharf would probably be best by giving it to Sag Harbor Village. On Tuesday Schneiderman was able to secure a 16-0 vote in favor of the sale. But even that was preceded with yet another discussion about the wharf’s value, according to Schneiderman.

Gilbride said he believes it is in Sag Harbor’s best interest to control the wharf. “It is a big part of our history and it should be ours,” he said.
Gilbride would like the Sag Harbor Village Board of Trustees to create a reserve account dedicated to the wharf, placing about $100,000 annually into it.
 

HAMPTONS 1ST QUARTER 2012 HOME SALES REPORT

Thursday, April 19th, 2012

TOWN & COUNTRY'S 1st Quarter Hamptons Home Sales Report demonstrates a significant change in our markets. We have been reporting on the unusually active winter season and now the numbers prove indisputably the Hamptons markets are breaking national trends.

Markets such as Sag Harbor Village statistically posted eye-popping increases in all 3 criteria monitored by TOWN & COUNTRY with a 29% increase in the Number of Home Sales, 68.4% increase in the Median Home Sales Price and an impressive 95% increase in Total Home Sales Volume. Sag Harbor is no longer the East End's best kept secret!

Shelter Island experienced reversal shifts with reductions in all 3 criteria…but when there is such little data (6 sales in an entire quarter) statistics get skewed easily.

Southampton Village realized a 67% increase in Number of Home Sales (from 9 to 15) and a 128% gain in Total Home Sales Volume from $21.5M to $49M year to year, yet the Median Home Sales Price shifted downward to $800,000 from $1.845M or a decline of 56.64%, but again few sales (9 in 2011 vs. 15 in 2012) cam make the Median Home Sales Price shift easily. Examining the 6 price categories in Southampton Village and you see the number of sales below $1M market was the driver with 9 of the 15 sales this year and yet in 2011 the number of sales under $1M was only 3 of the 9 sales.

Westhampton (which includes Remsenburg, Westhampton Beach, East Quogue, Quogue and Quiogue) realized the greatest increase in the Number of Home Sales with a 109% increase, which pushed the Total Home Sales Volume upward by 118%.

Looking at All Hamptons Markets Combined for 1st Quarter 2012 and you see all positive signs, further validating TOWN & COUNTRY'S conclusion that the Hamptons markets are setting new benchmarks.

The water's perfect, time to jump in!

To view more specifics on your particular locations visit http://www.1townandcountry.com/html/marketReports.php

Judi A. Desiderio, CEO
jd@1TownandCountry.com

**All information is deemed reliable and correct.  Information is subject to errors, omissions and  withdrawal without prior notice.

Hampton Year End 2011 Home Sales Report

Monday, January 23rd, 2012

 

Town & Country’s  Year End Home Sales Report holds no surprises.

Looking at the 11 individual markets monitored by Town & Country, we see 4 of the 11 specific markets rose in the number of home sales  by as much as 12% as seen on Shelter Island. One market, Sag Harbor area (which includes Noyack and North Haven) was flat, but 7 of the 11 markets saw declines.  Southampton Village sales activity dropped to 76 in 2011 from 97 in 2010 or 21.7% .  Yet Southampton Village saw a 40% increase in the Median Homes Sales Price from $1,675,000 in 2010 to $2,337,500 in 2011, and the Total Home Sales Volume rose just over 10%.

Bridgehampton (which includes Water Mill and Sagaponack) had the best year of all 11 South Fork markets with increases in all 3 criteria Town & Country reports on 6 times a  year.  The Total Home Sales Volume in Bridgehampton (which includes Water Mill and Sagaponack) increased 26% from $555M to $700M. The Median Home Sales Price rose 13% from $2.295 to $2.6 year to year and the number of home sales rose nearly 6% from 163 to 172.

Reviewing the cumulative All Hamptons Markets Combined and one glaring statistic jumps out at you – 2011 was a good year for the high end.  The highest two priced categories monitored by Town & Country -$3.5 to $4.99M was +16% and $5M and up logged in at 3.7% increase.  Thus in 2011 150 homes priced at $3.5M+ traded as opposed to 138 in 2010.

The Total Home Sales Volume and Median Home Sales Price was flat for the year and the number of home sales realized a slight decrease of 6.4%. 

The foundation has been laid for healthier markets to come.

Judi A. Desiderio, CEO

jd@1TownandCountry.com •  631-324-8080

*Source: The Long Island Real Estate Report

**All information is deemed reliable and correct.  Information is subject to errors, omissions and  withdrawal without prior notice.