North Fork 2nd Quarter 2014 Home Sales Report

July 18th, 2014 by Judi Desiderio

TOWN & COUNTRY’S 2nd Quarter North Fork Home Sales Report confirms what those of us in the industry have anticipated…2014 is the year for the North Fork.

 

All 4 markets monitored by TOWN & COUNTRY saw increases in the Number of Home Sales by as much as 123%. Southold (which includes New Suffolk and Peconic) also enjoyed wearing the crown for the greatest increase in Total Home Sales Volume at 152% from nearly $7M to $17.5M.

 

Orient (which includes East Marion and Greenport) experienced the greatest Median Home Sales Price increase at 13% from $420,000 to $474,000 year to year.

 

Mattituck (which includes Laurel and Cutchogue) tallied the highest Total Home Sales Volume at $23,188,189 – a sharp increase of 125% from last year’s $10,316,551. Mattituck (which includes Laurel and Cutchogue) posted the only North Fork sale in the $3.5 – $4.99M price category for the 2nd Quarter 2014.

 

Looking at All North Fork Markets combined and the indisputable fact IS that 2014 is the year for the North Fork. Statistically, the gains in all 3 criteria and all price ranges monitored by TOWN & COUNTRY, were significant. The Total Home Sales Volume exploded by 75.5% year over year and the Number of Home Sales jumped up 46%. This is a trend expected to continue as the beauty of the North Fork and the farm-to-table movement brings more admirers.

 

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

 

Judi A. Desiderio, Chief Executive Officer

jd@1townandcountry.com

631.324.8080 ext. 221


Hamptons 2nd Quarter 2014 Home Sales Report

July 18th, 2014 by Judi Desiderio

To those of us in the industry, the second three months of 2014 seemed busier than the statistics show. Personally, I had expected to see all 12 markets monitored by TOWN & COUNTRY in the black for all 3 criteria — Number of Home Sales, Total Home Sales Volume and Median Home Sales Price — but this was not the case. In fact, only 6 of the 12 individual markets increased in both Total Home Sales Volume and Median Home Sale Price, but 8 of the 12 rose in the Number of Home Sales.

 

Certain statistics jump right off the page such as $2,678,750 Median Home Sales Price for East Hampton Village which is quite impressive, but actually a 37.7% drop from last year’s $4.3M Median Home Sales Price.

 

East Hampton Area (which includes Wainscott) posted the most Number of Home Sales at 96, but again, that was a 14% decline from the 112 Home Sales documented in 2nd Quarter 2013.

 

The white hot market of Montauk realized the greatest increase in Median Home Sale Price, a 23.3% jump from 2013, same period, from $750,000 to $925,000. The demand in Montauk remains strong, but we are short on inventory.

 

Bridgehampton (which includes Water Mill and Sagaponack) tallied the highest Total Home Sales Volume at $170,008,920 of all markets, but again, this is a 10.6% drop from 2nd Quarter 2013, where a staggering $190,102,980 was posted. The $5M – $9.9M price category in Bridgehampton (which includes Water Mill and Sagaponack) saw the greatest jump at 75% from 4 in 2nd Quarter 2013 to 7 in 2nd Quarter 2014.

 

Sag Harbor Village had the greatest gain in Number of Home Sales at 67% from 12 sales in 2013 to 20 in 2014 for the same time period.

 

Reviewing All Hamptons Markets Combined and we note that the sales activity (Number of Home Sales) enjoyed a 5% tick up, Median Home Sales Price remained somewhat level at $975,000, but the Total Home Sales Volume dipped 12%.

 

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

 

 

Judi A. Desiderio, Chief Executive Officer

jd@1townandcountry.com

631.324.8080 ext. 221


Alec Sokolow

July 18th, 2014 by Judi Desiderio

A property as unique as the seller themselves, Alec Sokolow, a co-writer of famous films such as Toy Story and Cheaper by the Dozen, and Alec’s wife Leslie who is well known by her own rights as a professional photographer, have just listed their home in Sagaponack.  The home has an enormous wrap around porch with an art studio and detached swimming pool overlooking an agricultural reserve.  This compound is just around the corner from Wolffer Vineyard on 2 acres of property and plenty of room for entertaining both inside and out.  The Sokolow family enjoyed every inch of their enclave and now you can too! http://www.1townandcountry.com/html/projectDetails.php?innum=56053

Contact: Tracy Annacone  

tannacone@1townandcountry.com

516.885.5561


DEAR EDWINA- HAMPTON PREMIER “IT’S LIKE GLEE FOR KIDS!”

July 17th, 2014 by Gene Stilwell

Dear Edwina is coming to the Hamptons for the very first time! Stages, A Children’s Theatre Workshop, is bringing the family musical to Pierson High School in Sag Harbor at special kid-friendly performance times: Friday, July 25 at 7:00 PM, Saturday, July 26 at 11:00 AM, and Sunday, July 27 at 5:00 PM.

 

Dear Edwina is a heartwarming show about the joys of growing up. The show’s heroine, Edwina Spoonapple, is a young “advice giver extraordinaire”, a spunky, singing version of Dear Abby for the younger set. Edwina and her friends put on a show in her garage every week, sharing their lessons through clever, catchy and often poignant songs and dances. It’s like “Glee” for kids, but adults will love it just as much as the children they bring.

 

Dear Edwina features music by Zina Goldrich and book and lyrics by Marcy Heisler. Both were nominated for Drama Desk Awards for their work. This production is directed and choreographed by Helene Leonard, and features the actors from the Stages Summer Musical Theater Camp, now in its 20th year.

 

Dear Edwina runtime is about an hour and half. $15 tickets can be reserved by calling Stages at 631-329-1420, or emailing info@stagesworkshop.org, or come buy them at the door. Edwina and her friends will be waiting for you!

Gene Stilwell

631.324.8080 ext. 218

gstilwell@1townandcountry.com


East Hampton Library

July 16th, 2014 by Judi Desiderio

Congratulations to Tom Twomey, chairman of the library’s board of managers for re-opening the children’s section of the East Hampton Library on June 21, 2014.  The 6,800 square foot expansion creates a wonderful place for children to go to for a variety of educational experiences. The library has 6 IPads with educational programs, thousands of new books to read, workshops and entertainment for children. Due to its location in Eastern Long Island the library was designed with a nautical theme to pay tribute to the area’s history and surroundings. The librarians sit inside a boat shaped desk, the floor is a map of the East End, and light fixtures hanging from the ceiling are shaped as seagulls. There is also a 16 foot-tall windmill and a lighthouse with blinking lights in the toddlers section.  This unique nautical theme differentiates East Hampton Library from all others and further portrays the lifestyle of Hamptons.

Thanks to state funding and countless donors this addition was made possible. For more information on The East Hampton Library you can visit their website www.easthamptonlibrary.org/ or contact them at 631.324.0222.

 Judi A. Desiderio, Chief Executive Officer

jd@1townandcountry.com

631.324.8080 ext. 221 


New Home Sales Spike to Six Year High

June 26th, 2014 by Judi Desiderio

The US Commerce Department reported Tuesday that new homes sales contracts for May reached 504,000 – an 18.6% increase from the prior month and 16.9% greater than May 2013.  This increase was the greatest in six years and considerably higher than the 435,000 forecasted.           

Some suggest this is a delayed rebound after a weak start to the spring selling season due in part to severe weather, a sluggish climb out of the great recession, and increased interest rates.

The facts will play out throughout the second quarter. All indicators are positive though.  The Consumer Confidence Index surpassed the forecast of 83.5 and rising to 85.2; interest’s rates remain relatively low; hopes that banks will loosen their death grip on lending standards; businesses continue to hire employees leading to continued growth in the job market.  Factor in all these interconnected components and a brighter home sales report is on the horizon.

Judi A. Desiderio, Chief Executive Officer

jd@1townandcountry.com

631.324.8080 ext. 221


Michael Pinzone

June 16th, 2014 by Judi Desiderio

Through his estate management career, Michael Pinzone, an agent in our Southampton Office has had the opportunity to work with an array of clients including Eileen Lesberg (World Wide Specialty Programs Inc.), Barbara Streisand (Barwood Films), Gerald J. Ford (Diamond A Ford), Juergen Friedrich (JAF) and John and Patty McEnroe.

His work has taken him from the East End to the North Shore to as far as Texas, New Mexico, and Malibu CA, overseeing and expediting renovations, repairs, landscaping, decoration, even assisting Sony TriStar with setting up an editing facility.  Michael can be reached at 516.375.7505, mpinzone@1townandcountry.com

Contact: Michael A Pinzone

516.375.7505

mpinzone@1townandcountry.com


Stages, A Children’s Theatre Workshop, Inc.

June 10th, 2014 by Judi Desiderio

Gene Stilwell, Executive Sales Manager of Town & Country's East Hampton office, is also the President and Co-founder of Stages — a non-profit Children’s Theatre Workshop which provides children a place to act, sing, dance and perform! This summer, Stages will be celebrating its 20th year of performing arts with the opening of a Summer Musical Theater Camp at the Southampton Town Recreation Center. The camp is for children between the ages of 8 to 18.   Offering two different three week sessions (July 1 – 27 and/or August 1 – 24) from 11am –4 pm Monday through Friday, children will begin their day with acting, singing and dancing lessons and finish their day rehearsing for a performance.  At the end of the three weeks the children will perform a show in front of their friends, family and community members.

Gene Stilwell and his wife, Helene Leonard, the other Co-founder and Director, began Stages as they felt Eastern Long Island needed a creative outlet for children to learn the performing arts. The opportunities and benefits children take away from this organization cannot be measured.  Gene and Helene raise the bar for these children every day, installing a sense of dedication, commitment and passion for acting.   

For more information on Stages’ Summer Musical Theater Camps please visit their website www.stagesworkshop.org or contact Helene Leonard at 631.329.1420 and info@stagesworkshop.org.

 

Gene Stilwell

631.324.8080 ext. 218

gstilwell@1townandcountry.com


Fighting Chance Gala

June 9th, 2014 by Judi Desiderio

The partners of Town and Country Real Estate - Judi Desiderio, Janet Hummel and Nancy McGann attended the Annual Fighting Chance Gala on Saturday, May 31, 2014.  The Gala was held at Devon Yacht Club on Gardiner's Bay in Amagansett where both the weather and the company were just brilliant!  Judi Desiderio proudly serves on the Board of Directors for this non-profit organization which was founded in 2002 by Duncan Darrow.  Fighting Chance serves the North Fork and the Hamptons as well as Shelter Island with headquarters in Sag Harbor. The foundation of this organization is to help both individuals and families whose lives have been affected with cancer, providing professional services from the time patients are diagnosed through treatment and into survivorship. A variety of different support systems such as one-on-one counseling and small group support are offered.

Fighting Chance is an independent organization that is funded strictly through grants and private donations from local communities.  For more information on this wonderful organization please visit their website http://fightingchance.org/index.shtml or contact them at 631.725.4646

                                 

               

Judi A. Desiderio, Chief Executive Officer

jd@1townandcountry.com

631.324.8080 ext. 221


Congratulations to Guild Hall!

May 14th, 2014 by Gene Stilwell

Town and Country was pleased to represent Guild Hall on the purchase of 12 Dunemere Lane in East Hampton Village. Being a large supporter of the Arts, it was with great pride that Town and Country helped Guild Hall secure this valuable piece of Real Estate.  The home is adjacent to the Guild Hall Theatre and a perfect property for their use. Gene Stilwell was the Broker acting on behalf of Guild Hall.  Congrats again to a great organization that is such an important asset to our community!

                                 

Gene Stilwell

631.324.8080 ext. 218

gstilwell@1townandcountry.com