Archive for the 'Uncategorized' Category

Town & Country East End Winter Coat Drive

Monday, December 12th, 2016

In the giving spirit of the season Town & Country Real Estate is collecting new and gently used winter coats and accessories to help those in need here on the East End.  

Please bring your donations to our Montauk Office, 1 Carl Fisher Plaza, Montauk before December 19, 2016.

Follow the Bouncing Community Preservation Fund Deposits

Monday, December 12th, 2016

CPF (Community Preservation Fund) money is revenue by and for the five East End towns of Southampton, East Hampton, Riverhead, Southold, and Shelter Island.  Revenues originate from a 2% tax charged ordinarily to the buyer at most real estate closings since its inception in 1999. Last year, total revenues collected surpassed the billion dollar mark – quite a milestone.  CPF money is earmarked for preserving sensitive or important East End properties.

Frankly, all East End properties are important.  But here potential purchases are put before committees and the public is very much apprised.  All residents are very grateful for the acquisitions made over the years.  Future generations will be fortunate to enjoy such beauty and reserved lands.

In monitoring the Community Preservation Fund and selected properties and the wish lists that exist, Town & Country Home Sales Reports give insight as to future revenues.  Town & Country Reports separate 12 individual markets that are the drivers on the East End.  Viewing the Mid-Year Report, it became clear that 2016 was going to not yield as much liquidity as 2015 did.

Clearly, the Bridgehampton Market (which also includes Watermill and Sagaponack), usually the top earner, was off by -34% from $450Million Mid-Year 2015 to $296Million, same term 2016.  Southampton Village sank over 50% to only $108Million, yet East Hampton Village rose 36% to a respectable $228Million.  These Total Home Sales Volumes let us know how much money will be put the coffers for future acquisitions.

As the local municipalities take these properties off the tax roll and add them to their holdings, maintenance of same, at times, becomes an issue.  Preserving open space and water sheds are vital to our future.  Parklands and public spaces are necessary for recreation and enjoyment are as well.

CPF income will inevitably vary year to year as our market are driven by those in the world of finance and their choice to buy or not buy move with the stock market.

Bottom line, some years will be better than others for acquisitions…such is the world of East End Real Estate.

Click here to see the full 2016 Mid- Year Report.

Stages’ Celebrates 22 Years with its 22nd Annual Halloween Bash “Frankenstein Follies”

Thursday, October 20th, 2016

Frankenstein Follies - Gene Stilwell

Stages, A Children’s Theatre Workshop is throwing the  22nd annual Halloween Bash that you and your children won’t want to miss. Frankenstein Follies, a Halloween-themed musical review directed and choreographed by Helene Leonard with the support of her husband, Town & Country Real Estate's very own East Hampton Office Manager and licensed associate real estate broker Gene Stilwell, features all your favorite monsters and ghouls with a cast of local young performers.

"Frankenstein Follies IS and has been a Halloween tradition in Sag Harbor for 22 years!," says Gene.  "It has become an all-time favorite event for Halloween and just keeps growing!!!  Come have a howling good time this week end at the Bay Street Theatre!"

Join the fun at the Bay Street Theater in Sag Harbor on Friday October 21st at 7:30PM, Saturday Oct 22nd at 2:30 PM and 7:30 PM, and Sunday, October 23rd  at 2 :00 PM. Tickets are only $15.

Tickets for all performances of Frankenstein Follies are available at the Bay Street Theater Box Office, (631) 725-9500. For more information call Stages at (631) 329-1420, or contact us at info@stagesworkshop.org. Visit us at our website, www.stagesworkshop.org.

Hamptons Real Estate Celebrated at Privet Hedge Awards

Thursday, April 28th, 2016

Town & Country Real Estate's Nancy McGann, Janet Hummel, Judi Desiderio, and Gina Decker attend the Privet Hedge Awards

Town & Country Real Estate's Nancy McGann, Janet Hummel, Judi Desiderio, and Gina Decker at the Privet Hedge Awards.

 

At the 3rd annual Privet Hedge Awards dinner on April 27, 2016, brokers and agents from across the Hamptons real estate community gathered at the stunning Sebonack Golf Club in Southampton to mix, mingle, and make a big deal of some very big deals in real estate.  Town & Country Real Estate's Judi Desiderio, an honoree last year, along with partners Nancy McGann and Janet Hummel, as well as new Director of Acquisitions & Agent Coaching Gina Decker attended the event.  

 

Hosted by Manhattan Magazine's Randi Schatz, publisher of Avenue Magazine and Avenue on the Beach, as well as representatives from Behind the Hedges and Dan's Papers, the event celebrated the best in Hamptons real estate, its elite agents and brokers, and recognized excellence.

 

Paul Brennan, Susan Breitenbach, Randi Schatz, Judi Desiderio, Gary DePersia, Harald Grant

Judi Desiderio, center with Avenue Magazine's Randi Schatz,  joined fellow honorees from last year's Privet Hedge Awards Paul Brennan, Susan Breitenbach, Gary DePersia, and Harald Grant at Sebonack Golf Club.

 

Nancy McGann, Paul Brennan, and Town & Country Real Estate CEO Judi Desiderio at Sebonack Golf Club

Town & Country Real Estae Managing Partner Nancy McGann, Paul Brennan, and Town & Country Real Estate CEO Judi Desiderio at Sebonack Golf Club for the Privet Hedge Awards.

 

The view from Sebonack Golf Club in Southampton

The view from Sebonack Golf Club in Southampton

Southold Town 375, Greenport Tall Ships and Marquis de Lafayette’s Hermione’s visit to Greenport Harbor 4th of July 2015

Thursday, March 26th, 2015
Southold celebrates its 375th anniversary
Southold 375

Southold Town – New York's oldest English speaking settlement in the New World- is celebrating its 375th birthday this year – and it is only befitting that this year the Hermione, the ship that was boarded on March 10, 1780 by Marquis de Lafayette to be reunited with George Washington, will visit the Port of Greenport this 2015 July Fourth weekend during its Tall Ships Festival 2015. Greenport's charm will be the backdrop for this momentous event – it will be a great time for some VIP spotting – in any of Greenport's famous restaurants and bars… and sip some local wines while enjoying some of the North Fork's tremendous seafood bounty and fresh locally grown produce. 

hp_photo
Lafayette's Hermione

Call any of Town and Country's Realtors ™ – if you want to know what's going on – where to stay and what to do – 631 765 0500 or 631 298 0600

T&C North Fork 1st Quarter 2014 Home Sales Report

Wednesday, April 16th, 2014

April 15, 2014

TOWN & COUNTRY’S 1st Quarter 2014 North Fork Home Sales Report provides the statistical evidence needed to demonstrate true strength in the North Fork Real estate market.

Orient (which includes East Marion and Greenport) is the shining beacon at the eastern most end of the North Fork peninsula with a 171% jump in Number of Home Sales from 7 to 19, in the first three months year to year. These sales were at higher price points as seen in the Median Home Sales Price increase of 33% from $327,500 in 1st Quarter 2013 to $436,000 in 1st Quarter 2014. Both statistics pushed Total Home Sales Volume for Orient (which includes East Marion and Greenport) to $9.5M from $2.7M — a jump of 254%.

Three of the 4 markets monitored by TOWN & COUNTRY realized considerable increases in sales activity. Only Southold (which includes New Suffolk and Peconic) dipped 29.4% in Number of the Home Sales from 17 to 12 which then pushed the needle down 27% for Total Home Sales Volume.

Jamesport (which includes Aquebogue, Baiting Hollow and South Jamesport) is enjoying 2014 with impressive increases in Number of the Home Sales, Total Home Sales Volume and Median Home Sales Price — 57%, 75% and21% increases respectively.

Viewing the stats for All North Fork Markets Combined and the increase in home sales activity on the North Fork is acutely clear with a 36% leap in Number of the Home Sales and a staggering 65% jump in Total Home Sales Volume.

                                                                           

To view all reports visit 1TownandCountry.com/Reports.

Judi A. Desiderio, Chief Executive Officer

Jd@1TownandCountry.com

631-324-8080 extension: 221

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

MODERN VS CONTEMPORARY

Friday, April 11th, 2014

Do you know the difference?
There’s a significant shift in buyer interest, to modern homes today.
Many buyers are being so specific to add “Not contemporary I want, MODERN – ultra modern”
So, here at Town & Country we canvased our seasoned brokers to see – what is behind this movement to modern and what IS the difference between modern and contemporary?
What do buyers really want?
The answers were consistent. There is a definite trend toward modern!
The modern buyer wants NEW, IMMACULATE WITH TRENDY FEATURES…

                     This ULTRA MODERN beauty in Sagaponack South with glassed in wine rack right in the dining room, and the massage room off the gym and theater. The outside living room tops it off like homemade whipped cream! IN#15151

        

The second category of contemporary –
or as some describe it – STARK CONTEMPORARY, is a clean, lots of glass, minimalistic trim
package all white, white, white.
Here is an oceanfront contemporary T&C recently sold in Amagansett. IN#41273

The third category, which I call “BLENDED,” is a very unique combination of traditional exterior
– architecturally – with a modern interior. This look seemed to have evolved over the past few
years as modernists started having their way.


           

See below the new construction just outside East Hampton Village. A classic cedar shingled exterior
with true traditional lines, yet from the moment you enter, it’s clear there’s nothing common about
this house. What’s really unique about this home of blended styles, is that, everyone loves it!
Whether you favor traditionals or modern contemporaries (yes I took the liberty to combine the
two). You can’t help but love this, when it’s done correctly, and this one is done perfectly! IN#29266

             

Let’s open dialogue on this topic on SOCIAL MEDIA. Post photos of your favorite in each category and show what you respond to. We look forward to sharing! www.facebook.com/1TownandCountry

Judi A. Desiderio, Chief Executive Officer
jd@1TownandCountry.com . 631.324.8080

Umbrellas distributed at 4th of July weekend

Friday, June 14th, 2013

Housing Recovery

Friday, May 24th, 2013

Town & Country has been predicting on the US housing recovery and reporting on the steady improvements in the Hamptons and North Fork markets for quite some time. In fact, in our blog www.TownandCountry.com/blog, we went so far as to say the housing market will be the major contributor to our economic stimulus which will result in the next accelerating market. Nationally, new home sales hit record prices, both the average price as well as the median price, in April as per the Commerce department. Furthermore, builders reported selling 454,000 new homes whcih is a 29% increase from April 2013 and only 100,000 less than the peak in 2006. You don't need a crystal ball to see the future of home sales. Are you in?

Housing Will Save Us!

Wednesday, November 21st, 2012

So many economists point their fingers at the housing market and cast blame for the entire Great Recession.  While the housing bubble may have been a significant contributor, run away government spending, irrational lending practices and collapsing global economies weighed heavily. 

 

But now there’s one shining star in the sky as we look over the edge of that Fiscal Cliff – it’s housing!

 

Housing may actually be the savior the U.S. economy needs so badly.  Homes sold create jobs, pump money into their local economies, and, most importantly, fosters a sense of the American Dream – home ownership – a major for “feel good”!

 

Bottom Line All Measurable Housing Statistics Are Up:

-       new home sales up

-       existing home sales up

-       construction up

 

All unsustainable measures, and all economy stimulators…