Archive for the 'summer' Category

Hamptons Summer Rental Showcase

Monday, April 11th, 2016

Nancy McGann, Judi Desiderio, Janet Hummel at Stribling Associates Chelsea

Town & Country Real Estate, together with Stribling & Associates, hosted the first 2016 Hampton’s Summer Rental Showcase recently in Chelsea.  T&C had associates from each of our eight East End offices on hand to assist savvy city dwellers looking for some rest and relaxation out east this summer.  In the mix were CEO Judi Desiderio; Managing Partners Janet Hummel and Nancy McGann; Executive Sales Managers Gene Stilwell, Joan Bischoff van Heemskerck, and Patrick Galway; Director of Acquisitions & Agent Coaching Gina Decker; associate brokers Linda Batiancela, Robert Tomich, Nicholas Planamento, and Lori Feilen; and agents William Stoecker and Rick Slater.  

T&C showcased a selection of our most exclusive and luxurious summer rentals in the Hamptons and across the North Fork and Shelter Island.  Stribling's associates, led by company president Elizabeth Ann Stribling-Kivlan, joined in on the event which has been touted by all as a grand success!  

Think Summer!

Elizabeth Stribling and Judi Desiderio   Town & Country Real Estate Summer Rentals   Town & Country Real Estate Agent William Stoecker

Linda Batiancela and Judi Desiderio of Town & Country Real Estate      Joan Bischoff and Nicholas Planamento of Town & Country Real Estate

Judi Desiderio of Town & Country Real Estate showcases Hamptons summer rentals   Town & Country Real Estate swag

Join Us For A Hamptons & North Fork Summer Rentals Preview Party In NYC

Tuesday, April 5th, 2016

stribling summer rentals

 

Please join us this Thursday, April 7, 2016, at the Stribling & Associates Chelsea Office (340 West 23rd Street, New York, NY) from 4-6pm for a sneak peek of a selection of the best luxury real estate and summer rentals in the Hamptons and on the North Fork. Meet with our Town & Country Real Estate agents and get to know our friends at Stribling & Associates over a glass of champagne as we toast the upcoming summer season.

For more information or to RSVP contact Sarah Alvarez at 347-223-0992, salvarez@stribling.com

2016 Summer Rental Season

Friday, January 8th, 2016

This year the Hamptons Hot Summer Season should sizzle! We expect more homeowners than ever before, most will enjoy their new acquisition others will choose to rent. Those who choose to rent need to check with their respective municipality for laws, permits, registry instructions and other details. Most of the East End communities have specific laws pertaining to rentals. There have been laws such as ‘group laws’ in place for many years, Such as “no more than 4 unrelated persons allowed in a SFR in East Hampton—5 in Southampton”. And of course, any SFR (single family residence) mandates just that, one family not multiple families in the home.

East Hampton Town has launched a HOT POTATO this year with the adoption of a Rental Registry Law. After considerable debate – mostly objections—the law was passed. Clearly, all residents wish to maintain the quality of life that we hold so dear.

Furthermore, existing laws such as the group laws seemed to address many of the concerns. The catalyst seemed to be the sudden and instant influx of short term rentals… or simply excessive use of residences.

Homeowners, for the most part, are not using their homes like hotels but admittedly, there is evidence of abuse.  Many resort towns are experiencing similar tenant activity. Some have attributed this to online rental sites, some the economy.

In the Hamptons, the lack of hotels and short term rentals contribute to the problem. Just as UBER has forever changed rides around the world, so has VRBO & HomeAway changed how tenants experience vacation rentals. The problem, for lack of a better term, is larger than us.

Worthy of a full discussion… Weigh in your thoughts.

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.

TOWN & COUNTRY HAMPTONS MID YEAR 2015 HOME SALES REPORT

Monday, August 24th, 2015

The first 6 months of 2015 does not statistically document what most Hamptons Brokers would have expected.

Here at TOWN AND COUNTRY all 8 offices and 150 Associates have reported heightened sales activity in just about every price range. But the statistics show a different first half of the year with 7 of the 12 markets monitored by TOWN AND COUNTRY down by as much as 22%. Only 3 markets showing increases in the Number of Home Sales, Southampton Area (which includes North Sea) + 16%, Westhampton (which includes Remsenburg, Westhampton Beach, East Quogue, Quogue and Quiogue) +8% and East Hampton Area +7%, East Hampton Village and Sag Harbor Village were both unchanged.

Looking at Total Home Sales Volume, again 7 of the 12 markets were down by as much as -54% on Shelter Island. In fact our darling Shelter Island seems to have experienced the deepest pull back. All 3 criteria monitored by TOWN AND COUNTRY declined on Shelter Island, in so far as, the Number of Home Sales dropped the most at -22% and Median Home Sales Price took a slight dip at -2.65% from $790,938 to $770,000, year to year.

Westhampton (which includes Remsenburg, Westhampton Beach, East Quogue, Quogue and Quiogue) on the other hand, was a strong performer, with the Total Home Sales Volume record of the report at +36% from $166,133,588 in 2014 to $226,024,167 in 2015 and a 35% leap in Home Sales Price from $747,000 to $1,009,450.

Southampton Village took the crown for Median Home Sales Price gain at 44% from $1,668,750 in 2014 to $2.4 million in 2015. But in East Hampton Village the Median Home Sales Price for the first 6 months of 2015 was an impressive $3.1 million.

Bridgehampton (which includes Water Mill and Sagaponack) closed the most sales over $10 million –there were 11 in the first half of this year.

Looking at All Hampton Markets combined and the report is more in keeping with the sentiment from the boots on the ground. While the Number of Home Sales was nearly unchanged, the Total Home Sales Volume was up 6% and Median Home Sales Price up nearly 3%. Not as strong as we would have expected but a solid mid year report. 

To view the complete report visit TownAndCountryHamptons.com/Reports.

The Peconic Land Trust’s Common Table

Monday, August 24th, 2015

On August 23, 2015, Judi Desiderio and Board Member Nancy Goell attended the Peconic Land Trust’s annual benefit dinner called At The Common Table. There was incredible food prepared by renowned East End chefs, Joe Realmuto, Colin Ambrose, Jason Weiner, Peter Ambrose, Jeremy Blutstein, Carissa Waechter, Madeline MC Lean, Arjun Achuthan, Laura Donnelly and Kat MC Cleland. Other local businesses that helped make this dinner a success were Channing Daughters Winery, Dock to Dish, Stuart’s Seafood, Montauk Brewing and Sweet’tauk. Along with the food there was great music and numerous generous donations for the Silent Auction. The night was perfect and a wonderful time was had by everyone!

  

INVEST IN YOUR INVESTMENT

Thursday, August 6th, 2015

Let’s face it, those of us who own real estate on the East End view our home as an “investment”. When exactly “shelter” became an “investment vehicle” eludes me, but I hear it every day from buyers and sellers alike. Fortunately, those of us lucky enough to own “East End dirt”, consider it one of our greatest assets. Thankfully, one good by-product from the great recession, was people stopped using their homes as a cash machine, as living on margin is never a good thing.

So let’s take a good look at your great asset… What are the things you can do to increase the value? How can you invest in your investment? The wild card here is “how much money do you have to invest?” Furthermore, keep in mind, the list below relates to the bulk of the homes in question, there are always the exceptions to the rule. An example of an exception, is when the value is entirely in the land, not the structure sitting on it. In this case, do not follow the steps below and possibly knocking the structure down is the highest and best use to maximize value. In another instance expanding the existing structure or adding a heated Gunite pool is what is needed to achieve your high water mark… but maybe you don’t have the funds to take down the structure, or expand what exists or drop in a pool. Well then the economics wild card dictates – period. But if the funds are available and you’re brave enough to embark on a big project then now is the time.

Following these simple cost effective, minimal investments for the majority of homeowners will yield desired results.

#1. Cleanliness is Next to Godliness. Start outside and work your way inside. Anything that looks neglected pulls down your value. Get out the gloves and helping hands and get a dumpster.

#2. First Impressions Set the Tone. How is the entrance to your home? How did the driveway fair this wicked winter? Landscape is like the frame of a painting – it can make it or break it. We have some incredible landscape designers out east. Call them, give them a budget and let them work their magic.

#3. Less is More. De-clutter EVERYWHERE. It always amazes me how we accumulate stuff. Remove 25-30% of the furniture out of rooms – the rooms will look bigger. 

#4. Repair, Replace, Replenish. If it’s broken, fix it. If it’s soiled, replace it. If it’s weak, replenish it. An old area rug does more harm than you can imagine.

#5. A Fresh Coat of Paint Works Miracles. When you walk in to a home and it’s been freshly painted (preferably any shade of white) it smells and feels new. Nearly every buyer would love to buy a new home but most can’t make the numbers work or simply can’t afford it. So give them the next best thing – a freshly painted home.

#6. Appeal to the Senses. We’ve addressed what you see, but what do you smell? Hear? Feel? If you are up to it, bake fresh cookies.

#7. Take it to the Next Level. The next level is construction such as kitchens, baths, windows and doors. In that order. If your home is 10 years old or more, and you have the funds to invest, seek out a professional to advise you on style, cost, and value priority. Depending on your budget and target market this cost can swing wildly. After all you can buy a faucet from Home Depot for $100 or Waterworks for several thousands. You get the idea. 

Some of the best value experts are real estate professionals who have proven successful in bull markets as well as bear markets — the right real estate professional is a tremendous resource. 

Spring is the time to address these Top 7 Value Producers. Spring cleaning on steroids.

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

Town & Country’s Annual Summer Party

Tuesday, July 21st, 2015

Town & Country’s Annual Summer Party was a lobster bash at Georgica Beach in East Hampton Village.

The event was catered from Bostwick’s and all of the food, from the guacamole to the lobsters and muscles in an amazing white wine sauce were so yummy!

T&C Associates and their loved ones enjoyed the perfect evening setting. Great food, great company and great star filled night!

The evening closed with a bonfire and s’mores of course… how else would you end the perfect celebration of the season! 

   

   

 

                                                      

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

Avenue Magazine Fashion Photo Shoot

Friday, June 5th, 2015

Avenue Magazine had a fashion photo shoot for their July Issue on Wednesday June 3rd at 8 Mitchell Dunes Lane, a Town & Country oceanfront exclusive in prime Amagansett. Eva Saleh and Susan Feinman Senior Account Directors, from Avenue Magazine and their wonderful team, Jessica Lee and Haley Friedlich as well as Claudia Talamas – Stylist, Ryan Plett – Photographer, Juliette Perreux – Hair, Bianna Joelle – Makeup, Sian Osborne – Model, all there helping to make this shoot a success. Special thanks to Mother Nature who was very cooperative providing a day of sunshine glistening off the ocean.

To view full listing details click here: http://www.1townandcountry.com/html/projectDetails.php?innum=28219

Judi A. Desiderio, Chief Executive Officer

JD@1TownandCountry.com                    

631.324.8080 ext. 221

Happy 375th Birthday Southampton!

Friday, May 22nd, 2015

This will be a year of celebration that many people, both residents and visitors, will be able to enjoy with weekly events scheduled from now to the end of 2015. Activities are planned for all ages and include such things as parades, movies, house tours and more. Visit 27east.com where they will continue to list events that celebrate Southampton’s heritage. 2015 is going to be a wonderful year filled with a variety of events so please continue to check the 27east.com website for more information.

Nancy McGann

NMcGann@1TownandCountry.com 

631.283.5800 ext. 301