Archive for the 'Westhampton Beach' Category

T&C’s Westhampton Beach Office Wins Company Contest

Monday, October 9th, 2017

Town & Country rewarded the Westhampton Beach Office a breakfast gathering for being the winners of a good spirited company competition. The food, weather, and company was fantastic!

Office manager Patrick Galway said, "Thank you to all the professionals in Westhampton Beach T&C for making every day a great day."

To reach an agent in our Westhampton Beach Office click here – http://bit.ly/2hZWKY0

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 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.

Billy Joel’s Last Concert at the Nassau Coliseum

Thursday, August 6th, 2015
Long Island boy, Billy Joel entertained his adoring Long Island fans for the last concert at the Nassau Coliseum. The arena is due to be removed to make way for a new complex. How fitting for Mr. Joel to grace us with the swan song or should I say songs as he played for over three glorious hours. I've seen him live many times back at the Ranch in Montauk and of course the coliseum. He is truly the entertainer. Our own Piano Man from LI. Paul Simon stopped by for a tune or two and the King of Queens made an appearance. What a great night!

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

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!

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

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

Great Shows at Westhampton Beach Performing Arts

Monday, September 24th, 2012

Westhampton Beach Performing Arts Center is one of the hidden gems on the East End!

Every time I go , I wonder why I don’t go more often.

Last night, my husband and I went to see Joe Jackson perform.. what a treat! He played his music as well as that of Duke Ellington’s. Regina Carter and the rest of his orchestra was wonderful. Such talent, just a few feet away.

 

http://www.whbpac.org check out their calendar

 

ZOMBIE SIGHTING IN WESTHAMPTON BEACH….

Monday, April 30th, 2012

Westhampton Beach is the setting for an upcoming episode of Royal Pains. Shooting begins today along Main Streets as actor Mark Feuerstein was seen in front of the Westhampton Beach Playhouse assisting a choking Zombie as cast and crew looked on. Already excitement in the Hampton’s……and the season has yet to begin!!