Archive for the 'Vineyard' Category

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!

  

TOWN & COUNTRY TOURS THE NORTH FORK

Friday, July 24th, 2015

Town & Country took their Hamptons Associates to view the finest properties on the North Fork offered exclusively through our North Fork offices and Westhampton Beach.

We began our excursion on the western end at IN#40326 a 23 acre mixed use property. Farm land with all development rights in tact as well as commercial use.

Then off to a 10+ acre horse farm IN#51500 two single and separate lots with a traditional home, barns, paddocks and an indoor riding ring.

We broke for lunch at the beautiful Mattabella Vineyard for what felt like a slice of Tuscany. Enjoying beautiful vine views, incredible food and one of the finest rosé.

The afternoon was a true delight!

First a spectacular 72 acre waterfront farm IN#34966 for an amazing $7M and limitless potential!

Lastly, a private sound front subdivision, perfect for a builder or family compound.

On the way back to the South Fork everyone was amazed at the beauty and opportunities abound. Investors were on instant dial for our Associates. Come explore the beauty and civility of the North Fork!

SATURDAY AT NORTH FORK VINEYARDS

Monday, April 13th, 2015

Judi Desiderio had her annual “Girls on the Vine” … Every year we visit different vineyards. This year we enjoyed a beautiful Saturday at Kontokosta Vineyard in Greenport on the water… “It was a gorgeous setting and their Pino was my favorite!”  Then off to Osprey Vineyards to enjoy the wine and music by The Lone Sharks… “We laughed, ate fresh mozzarella from the Red Horse Market in East Hampton, tasted some fine wines and danced…what could be better than that!”  Lastly off to Carol & Trisha’s home in Greenport to have John Tracy’s bolognaise sauce over fresh Pastosa’s ravioli’s and of course more dancing and laughing! If you haven’t experienced the North Fork or the East End Vineyards, I highly recommend you schedule a day at the vines.

 

  

 

Judi A. Desiderio, Chief Executive Officer

JD@1TownandCountry.com               

631.324.8080 ext. 221

It takes (more than) a community to buy a theater…

Friday, January 13th, 2012
It takes a community to buy a theater

North Fork Community Theater

Roughly $150K to go – according to the sign on the North Fork CommunityTheater – before the

Mattituck Presbyterian ChurchMattituck Presbyterian Church

Mattituck based Theater can close on its contract to purchase the Theater from the Mattituck Presbyterian Church before the end of 2012! The North Fork Communy Theater has been a staple on the North Fork life as a tenant of the Presbyterian Church in this mid 19th century building for over 54 years…and was allowed – 228 shows and well over 100,000 patrons later- the opportunity to purchase the property two years ago to ensure its ability to continue and thrill Theater-goers for many decades to come !

To see what’s going on, buy tickets for performances, or contribute, visit the Theater’s website ; opportunities to become a sponsor still exist: to help buy the theater visit this link.It takes (more than) a community to buy a theater

HAPPY NEW YEAR – IN REAL ESTATE on the North Fork

Tuesday, January 3rd, 2012

The big question is – what will 2012 bring in business – besides the health and peace we all hope for – especially in the Real Estate Market?

Is an investment in Real Estate a good one right now on the North Fork? In this blog I will try and provide a lot of information to allow you to come to one conclusion – besides the shear enjoyment of a (second) home in our beautiful East End region, an hour and a half outside of Manhattan’s mid-town tunnel…: YES!

Who would have thought that the budget deficit in Greece would affect the sale of your home in the US? With the huge amount of news we are bombarded with on a daily basis, what should we pay attention to (and what not) to make smart decisions? We need to incorporate in our decisions 1) a bit of economic history, 2) some international economic news , 3) US economic factors and finally, and 4) very local real estate concepts as all real estate in the end is hyper local.

The fall of Lehman in the fall of 08 was a first calamity, a tip of an iceberg making the world aware of unprecedented inter-connectedness caused by economic globalization. A globalization providing challenges but importantly also overall benefits for all participants – often overlooked in analysis. The USA and its “American Dream” tie more than any other country the success of its citizens to home ownership. A great system where banks provide mortgages, then re-sell them (to semi Government entities or private parties), and sell more mortgages allowing people the American Dream is unique in its multiplying effect in any developed world economy. The larger scale applications of futures (starting in the days of Aristotle to stabilize grain markets), options and and derivatives augmented this crisis of confidence and economies were thrown in unexpected tailspins. This finally resulted in doubts even in that rock of financial trust – the possibility of default in important economies’ souvereign debt as budget deficits sky rocket as a result of efforts to stabilize financial markets and stave off deep recessions world wide.

Repackaging good and bad loans and selling unscrupulous financial instruments caused an international crisis in confidence in worldwide financial markets. A crisis in general about the value of any collateral. But in three years we have come far in dealing with these issues, and I think the corrective pendulum swung to far and is about to swing back to the middle! Let’s not throw out the baby with the bath water when looking at the causes of economic troubles of 2008, and better understand and appreciate the improvements in the world ecomomy seen today. Let us not overlook the fact that these same maligned instruments properly applied provide businesses a stable planning opportunity, and that smart people profit even when markets go down. Isn’t it just unfair manipulation of markets to achieve such profits that we should be wary of? Hedgefunds in the US and worldwide use this principle-as flow of capital is more important in today’s world economy than production of goods and services. My point: not all effects of more complicated financial instruments are bad.

The good news in the US economy is – the doomsayers didn’t get their way in 2011 – but neither did the bulls. The economy remained flat and since August 2011 the European Souvereign debt crisis seems to dominate any economic news even today. But the news is getting better. Unemployment is finally improving – important precursor to a better Real Estate market. On the East End the bottom did not fall from under the Real Estate market, quite the contrary. As the following graph shows, the market has remained flat but has remained at much higher levels in tranactions and values than all the bad news would suggest- so is the glass half full or half empty? Data suggest it’s filling up again.

Real Estate Activity in New York North Fork Wine Country

Annual Real Estate Sales - Contracts Signed - North Fork

With respect to international news: the truth is: nobody knows for sure what the future will bring. But (according to Onno Ruding, past Treasury Secretary in the Netherlands, Executive Director for IMF, and executive at Citibank) when one looks at the balance of payments for the entire Euro zone things do not look as bad as one would expect from the news – hence the Euro which has not collapsed at all and is stable strong in a range of $1.20-$1.40 to the US Dollar (only a decade ago at 1:1 and nobody thought anything of it). German, Dutch and Finnish Unemployment all are at a long term low. In effect, this crisis of confidence has given rise to the idea of a “German Euro”, and a “Greek Euro” on the other side of the spectrum. The Euro is a strange hybrid of a monetary unity without economic and political unity for the sake of national souvereignty (mostly France’s identity). So is all the Euronews exeggarated in its influence on the US Economy and the US housing market? The fear and a doomsday scenario would be that a failure in Greece’s ability to meet its souvereign obligations might cause a domino effect to Portugal, Spain and Italy, and even France. But short of that happening, a default of just Greece would-worst case- not be catastrophic but quite manageable. I think you can make that case easily – as long as we do not see major unforeseen calamities in 2012, in which case all predictions fail.

In August, the Chief economist for NAR , Lawrence Yun spoke before the NYSAR conference and made an interesting statement: housing starts are not keeping up with household growth for the past three years, possibly creating a housing shortage if trends continue. Might I add that I think that the US consumer is plain tired of bad news – showing up in droves at the stores in the 2011 Holiday Shopping season?

All Real Estate is local, and everyone knows the saying “location, location, location”. So let’s look at the local facts first. I keep track of an interesting statistic: RE contracts signed, in what I call the “Real North Fork” market area, about from Rte 105 East. Please do not hold this statistic to precise measures, as it is very volatile, but the advantage is that it gives you a very quick overview of what the reports on closings later will tell you more exactly, it is a measure of the activity of RE sales in our market with very little delay. A great predictor.

Pictures speak louder than a thousand words, and the facts speak for themselves:

Residential Sales Contracts Signed North Fork - Over $ One Million - (from MLSLI)

2011 saw 34 transactions over $1 Million, vs 35 in 2010, 33 in 2009 and 2008, and 52 in 2007. The upper end of the market has undoubtedly stabilized. I have seen some very good prices fetched for very good properties – almost comparable to the top of the market in the most spectacular homes segment.

Number of Residential Contracts of sale signed in New York's North Fork Wine Country

Number of Residential Contracts of sale signed in New York's North Fork Wine Country

2011 saw 279 transactions vs 280 in 2010, 243 in 2009, 217 in 2008, and 293 in 2007 but this story is not complete without a picture of the median price and days on market:

Median Prices Contracts Signed North Fork WIne Country

Median Prices Contracts Signed North Fork WIne Country

Days on market before contracts were signed

Days on market before contracts were signed

The North Fork Market stabilized in the Summer of 2010. The full picture would indicate that properties for which contracts were signed seem to have taken longer to get to that point – but any experienced Real Estate broker will tell you that a well priced property sells quickly as there are buyers out there looking for opportunities. The median price of homes sold also is at the bottom of the three years as expected: it is either a beauty contest or a price war – and the buyers still have the upper hand here.

To make the right decision, and benefit from the trends these data show, follow our North Fork T&C experience in this market:

Tips for sellers: your pricing decision will determine if and when you will sell. This is what I would consider if I were selling my house: A good Realtor (r) will help you get first prize in the “beauty contest” and suggest ways to present your property in the best light. Make sure you Realtor (r) works full time – so any buyer can reach him or her easily, and so the home can be shown promptly and easily to buyers when they are available. Also make sure your Realtor makes use of the best technology available. Look at the way their listings show online before choosing an agent. And like-it-or-not: statistics show that most buyers today will find the property they are going to buy online. Feel free to use our Town and Country Website as a standard: again, a picture speaks louder than a thousand words and our state-of-the-art web technology showcases your home beautifully. Ask the question: where will your buyer come from? Does your agent have the wherewithall to reach that buyer? Is there a fit between his or her personality and the buyer you are trying to attract? Is the way this agent markets other properties attractive to that buyer for your home? In the end luck will play a role, but you can reallly improve your odds by selecting the right agent and the right RE company. If you were a buyer – would you enjoy looking at homes with this agent? Is he or she enthusiastic, happy, and a goal getter? All characteristics we look at before we ask associates to join Town and Country Real Estate.

Sellers: things are probably not going to get better quicklier than your running expenses if you hang on. Make use of the fact there’s a lot less market competition now with fewer properties on the market. And think of it this way: if you are going to make use of any buying opportunities after you sell- best to grab them now, so better to sell now and not wait! The only good reason to take a property off the market is if you do not want to sell. And buyers can afford your home now better now than in the (nearer) future- you can almost take that one to the bank.

Tips for buyers: work with a Realtor (r) who knows the market and loves Real Estate – only then will he or she be able to tell you which homes are the ones that you want to look at, know the ins and outs of each home, and allow you to use your time efficiently. You want to be ahead of the curve – once everybody catches on that the worst is over – you will be too late for the best time to buy. Come prepared with a mortgage pre-approval in hand. Be available and ready to go when a home pops up (either new on the market or suddenly lowered to the right price) – for a great deal you will have competition from other buyers and you need to be quick and ready to compete. This morning only 397 homes showed up on MLS, in a market area where normally 550 homes are on the MLS. So be prepared to act. Waiting will not get you a better deal – so if you find what you are looking for and the price is right – buy now while interest rates are still low.

To buy or not to buy is the question, or for sellers: to sell or not to sell. Buyers may have to pay higher interest rates if they wait longer, and I see prices going up. So buyers who are going to “wait and see” may well have to pay for that privilege. And don’t forget – what banks think buyers can afford will go down very quickly under that scenario.

Town and Country is excited to report that we are experiencing remarkable growth and development in this challenging market. Our T&C agents have helped more buyers and sellers succesfully conclude deals on the North Fork than ever before. December was the busiest month of December most of our agents can recall. Our careful selection of professionals to service your needs is responsible for that. Call us if you are interested in joining us in our success, to buy, sell, or rent, in our Mattituck office at 631 209 0600 or Southold office at 631 765 0500! At Town and Country Real Estate – we are quietly getting the job done.

NO-VACANCY SIGNS ARE GOING UP AT BRAND NEW “BLUE INN” IN EAST MARION FOR 4TH OF JULY WEEKEND

Friday, July 1st, 2011
Blue Inn at East Marion, North Fork

Montauk Hotelier Sam Glass succeeded in bringing the best of the North Fork and South Fork & the Hamptons together: the owner of Montauk’s Ocean Resort Inn is opening the Blue Inn this fourth of July weekend!

Visitors to the North Fork looking for a place to stay: pay attention! The Blue Inn will be the place to be beginning this weekend and no vacancy signs are going up quickly (still call to see if there are a few no-shows or cancellations – worth a try!!)

The renovations which took place since Sam Glass bought this famous North Fork watering hole and Inn last year made all the

Blue Inn Guestroom

rooms and suites conform to the highest standards in hospitality: clean, luxurious and tasteful! Each room has its own small kitchenette

The Blue inn is located conveniently on the Main Road in East Marion – only a few miles form hustling and bustling Greenport

Lavender by the Bay

Village with all its harbor-front shopping and dining. While you are relaxing on one of the rocking chair porches or sipping a cocktail at the Bar you’ll get a whiff of the breeze from the west where Lavender by the Bay has its neighboring acres fields of French Lavender blooming this weekend. It all spells out one thing: Relax and enjoy!

 

Worth a visit – and While you are out visit a few of Town and Country’s open houses on Saturday!

Welcome to the North Fork and Happy Fourth!

Porches with Rocking Chairs at the Blue Inn
 

“A-Lure” Seafood Restaurant opens on North Fork/ Port of Egypt – Bayfront dining al fresco in Southold

Monday, May 30th, 2011

 

What better way to celebrate the new Summer Season than with the opening of a new seafood restaurant: and at the spot of my favorite past hangouts – the old Seafood Barge which is now entirely re-done.

Tom Schaudel and Adam Lovett of "AMANO" fame in Mattituck debuted ALure this memorial day weekend on Main Road between Southold and Greenport at Port of Egypt.

Let’s assume the restaurant is as good as we have come to expect of these two restaurateurs – then add a fabulous waterfront location with great patios overlooking the Bay and marinas, and you really cannot go wrong. It remains hard to find spots with great views for dining al-fresco and this is one of the best! The restaurant is not (yet) taking reservations – so if you have to wait a bit – visit one of Southold’s best kept secrets: Charlie’s Southold Fishmarket – hidden behind the Heron Harbor Inn and ask for a chunk of his home smoked Salmon – absolutely fabulous – to take home… And let me know how you liked it… Call Alure at 876 5300

Forbes names Greenport as one of America’s prettiest towns

Friday, April 29th, 2011

Greenport Carroussel

A year or so ago I blogged about Greenport – and the wonderful things happening there – and I am now in great company: John Giuffo of Forbes magazine selected Greenport as one of America’s prettiest towns in his “small world big mouth” column and blog. Immediately – Lisa Dol Bruno of Newsday blogged about the real estate in Greenport - because such positive news make people interested in being a part of a wonderful success story. And I personally love this confirmation of what I already have been writing about for a long time how wonderful Greenport is - confirmation by independent and important sources in the press. As always it takes time for people to realize that things have changed . But the time in Greenport for the nay-sayers is over – or so it seems now! So be among the first to realize it:

It also happens that Town and Country agents recently have taken listing for some of Greenport’s most important Real Estate – one of which the Historic Postmaster’s home on First Street… but Greenport also has the most wonderful Waterfront Condominiums – a rare commodity in North Fork Wine Country; alongside some of the greatest hotel/motel resorts and  B&Bs in walking distance from Front Street restaurants and shops! A true Mecca for second homers from suburban areas, a great place to retire to, or a wonderful place to raise a family.

So it’s time to re-visit Greenport – and call one of our agents at Town and Country if you would like to be introduced to life in Greenport and North Fork Wine Country & luring Shelter Island!

 

NORTH FORK TABLE OPENS: THE LUNCH TRUCK

Sunday, March 27th, 2011

The North Fork Table is a venerable institution we all got to cherish: In just a few years Mike and Mary Mraz, Claudia Fleming, and Gerry Hayden incorporated the best of North Fork (Sea) food, produce and wine into the place I cannot picture the North Fork without anymore. Our Southold office could not imagine better neighbors! Just ask any of our agents.

Almost everything the North Fork Table does warrants a blog. But the Lunch Truck - the newest idea of these culinary creators- taps right into the essence of the North Fork – for lunch! – and all you who enjoy lunch should know about it! The concept is simple and very North Fork – the food – take out only- is remarkable and reasonable. Their Steak (Filet) sandwich is out of this world, their North Fork pulled Pork sandwich delicious. Service is quick and friendly – a step above.

So come visit our Town and Country offices in Southold to talk about Real Estate -buying or selling- around Lunch Time – and bring your appetite!

Attend the North Fork Harvest Gala: buy tickets, enjoy a great night and help the East End Tourism economy grow!

Tuesday, November 2nd, 2010

• Where: Jason’s Vineyard, 1785 Main Road, Jamesport, NY 11947
• Date: November 18, 2010
• Time: 7:00pm–11:00pm

    
•The North Fork Promotion Council invites you to celebrate our 25th Anniversary honoring Dr Herodotus Damianos (Pindar & Duck Walk vineyards) and Suffolk County Legislator Ed Romaine
Master of Ceremonies  is Doug Geed (News 12)

       

Proceeds used to promote targeted off-season Tourism on the North Fork, while maintaining and protecting our  lifestyle and environment, helping all North Fork businesses small and large and help provide a sustainable  economy and good jobs for all East Enders & all North Forkers!

Participating restaurants:
Hellenic Snack Bar
A Mano’s Tom Schaudel
North Fork Table and Inn
Comtesse Therese Bistro & Chef Arie Pavlou
Junda’s Bake Shop
Frisky Oyster
Jamesport Manor
Noah’s
Vine Wine and Cafe
D’Latte
Pizzetteria Brunetti
Village Cheese Shop
and John Ross (2009 NFPC gala honoree)  who helped put North Fork Wine and Food on the map!

• Features: Benefit, Open to All, Volunteer
• Website: http://www.northfork.org
• Phone: 631.655.7328   

• Email: NorthforkPromotionCouncil@gmail.com
• Price: $90 ea or $150/2 tickets – sponsorships call 655 7328
• Tickets:Buy Tickets