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

March 26th, 2015 by Joan Bischoff van Heemskerck
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. 

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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


Attention Homeowners… Here’s your Spring Checklist

March 20th, 2015 by Judi Desiderio

Town & Country has put together a spring checklist for all home owners, but particularly for those of you with homes on the market. Whether your home is on the market for sale or for rent… Or simply to keep your home fresh here are a few simple items to check off. Keep in mind first impressions are key! Having said that we begin our list with an exterior eyeball. Then we move in! The key is to have all the senses.

 

#1 – Cleanliness in next to Godliness! Clean off winter (and fall’s) debris… Nothing shouts neglect more than untidiness.

#2 – Front Door – Is it clean, Does it operate smoothly, Does it need a fresh coat of paint, Is the screen door perfect?

#3 – Walk In… What is the first thing you see? Should that be the first thing you see when you walk in?

#4 – Are the rooms cluttered? If so, unclutter – Then remove another 20% of whatever is around.

#5 – How does it smell? Do you have pets? Did the home have a leak from all the ice and snow?

#6 – Repair, Repaint, Replace… Kind of like location, location, location from within… If anything is not immaculate toss it.

#7 – Style… Remember in the Hamptons if it’s 10 years old it’s totally outdated.

 

You’re not alone here…..

 

There are tons of talented Landscapers, Painters, Designers, Stagers, and of course Real Estate Professionals… And they are worth their weight in GOLD.

 

Following these simple steps is guaranteed to increase the value of your home. Rental values, even more so than sales values, are significantly affected by aesthetics. Money well spent… Think of it this way, you’re investing in your investment.

 

Share this post with those you love!

 

Judi A. Desiderio, Chief Executive Officer

JD@1TownandCountry.com              

631.324.8080 ext. 221


East Hampton Film Society

March 18th, 2015 by William Stoecker

My name is Will Stoecker and I am the founder of the recently-established East Hampton Film Society, a local film club that meets twice a month in Guild Hall’s John Drew Theater to screen classic and arthouse films to the public. On March 5th, we had our Grand Opening screening of The Godfather. This week, we are showing Wes Anderson’s (Grand Budapest Hotel) classic Bottle Rocket on Thursday, March 19th at 8:30pm, followed by a panel discussion with local film enthusiasts.

 

This is simply a message to the press to spread the word about the event.  It would help tremendously if you could pass on the message! I have attached the events flyer, links to Guild Hall’s event page and ticketing page, as well as the films trailer.

 

 

Guild Hall event page: http://www.guildhall.org/events/?id=690&mode=id 

Online Tickets: https://web.ovationtix.com/trs/pe.c/9982691  

Trailer: https://www.youtube.com/watch?v=hspUSez-rYY 

 

Thank you so much, and we hope to see you there!

  

Will Stoecker

Senior Curator & Founder

East Hampton Film Society

ehfilmsociety@gmail.com

631.204.7997


Hamptons Magazine Round Table

March 12th, 2015 by Judi Desiderio

Judi Desiderio, President & Chief Executive Officer, participated in Hamptons Magazine Round Table on today’s real estate market and specifically how today’s market of homes built on speculation are viewed, what future trends are on the horizon and finally what are the market movers.

The round table was hosted by Hamptons Magazine, and Debra Halpert, Publisher and Michael Braverman, Editor at Large of Hamptons moderated the discussions. The panel consisted of Judi Desiderio - Town & Country Real Estate, Gary DePersia – Corcoran, Cody Vichinsky – Bespoke Real Estate, John DeVito – NJC Contracting, David Auth – Connor Homes, Harry Bates – Bates Masi and Christine Curiale – Wells Fargo. Discussions were lively. Read about this in coming issues.

 

Judi A. Desiderio, Chief Executive Officer

JD@1TownandCountry.com              

631.324.8080 ext. 221


HAMPTONS TOP 10 MOST EXPENSIVE SALES OF 2014

March 10th, 2015 by Judi Desiderio

Town & Country 2014 TOP 10 MOST EXPENSIVE SALES REPORT opens with the sale that shattered ceilings across the country.

Barry Rosenstein’s purchase of the Estate of Andrew Gordon from his partner Chris Browne logged the most expensive residence in the country at $147M. Since Town & Country bases our TOP 10 REPORT on individual parcels, this home at 62 Further Lane in East Hampton Village traded at $97M for the #1 spot. Add to that the two contiguous 3.7 acre lots which totaled an additional $50M and the purchase of approximately 17 acres from sea to street was $147M. This broke the US record and blew by the previous record set by Ron Baron of the deMenil Carpenter property for $103M which was also sea to street on Further Lane back in 2007.

In 2013 Vince Camuto sold his Southampton oceanfront home at 16 Gin Lane with 4 additional vacant lots for a total of $75M. Again since T&C bases the TOP 10 on individual parcels, the 16 Gin Lane sale of the oceanfront home was just $35M, and therefore was trumped by Steve Cohen’s purchase of 52 Further Lane, East Hampton which sold for $62.5M that same year.

This year, the notable statistic for those of us who are numbers junkies, is the one holding the #10 position of 19 Robertson Drive, North Haven. The 6.2 acre DeMato residence on Noyac Bay sold for $31,567,350. It’s not just the dollar amount — it’s the fact that the #10 spot was held by a sale over $30M AND it wasn’t oceanfront. Compare that to the #10 spot in 2013 of 450 Gin Lane, SHV at $18.750M and you see why 2014 is such a record breaking year for real estate. 2007 was the last time we saw the high end experience such heightened activity and that year the #10 spot was 1190 Meadow Lane, SHV at $23,770,500. In 2009, after the crash, the #10 spot was 19 Pudding Hill Lane, EHV at a mere $10,720,000.

Bottom line, new ceilings are shattered following outstanding years for the stock market.

To view all Top 10 Most Expensive Sales visit www.1TownandCountry.com/Reports.

1.         62 Further Lane – East Hampton $97,000,000

Andrew S Gordon Trust to 62FL LLC

2.         101 Lily Pond Lane – East Hampton $55,000,000

Coastal Realty Grantor Trust to 101 Lily Pond Lane LLC

3.         576 Meadow Lane – Southampton $41,000,000

Sagamore LLC to Casa De Mer LLC

4.         125 Mid Ocean Drive – Bridgehampton $40,000,000

David Susser to 125 Mid Ocean Drive LLC

5.         16 Gin Lane – Southampton $37,700,000

16 Gin Lane LLC to Wooldon Manor LLC

6.         1116 Meadow Lane – Southampton $37,500,000

Sillerman Residential Properties LP to Meadow Lane Trust

7.         311 Surfside Drive – Bridgehampton $37,125,000

Michele & Robert Simpson to 311 Surfside LLC

8.         616 Ox Pasture Road – Southampton $37,000,000

JAF 616 Ox Pasture Holdings LLC to 616 Ox Pasture LLC

9.         390 Fowler Street – Southampton $32,500,000

Kevin Brine to 390 Fowler Lane LLC

10.       19 Robertson Drive – North Haven $31,567,350

Harriet & Richard DeMato to Triple Jay LLC

 

Judi A. Desiderio, Chief Executive Officer

JD@1TownandCountry.com             

631.324.8080 ext. 221


TOWN & COUNTRY’S ANNUAL ELITE RETREAT

February 4th, 2015 by Judi Desiderio

T&C (Town & Country) Top Producers enjoyed fun in the sun at T&C (Turks & Caicos). For obvious reasons Turks & Caicos is our official Island. T&C loves T&C! While the East End was buried in nearly 3’ of snow the smartest agents in real estate across the Hamptons, North Fork and Shelter Island gathered to brainstorm about our industry, the current state of the market and Town & Country’s position as the largest independently owned brokerage and growing.  In this beautiful relaxed setting, ideas were flying, we were very productive!  We returned brighter and better prepared to serve our communities. Of course when the business of business was done we enjoyed the Caribbean waters, silky sand, tropical concoctions and made new friends!  

    

  

  

  

  

  

  

Judi A. Desiderio, Chief Executive Officer

JD@1TownandCountry.com           

631.324.8080 ext. 221


Fighting Chance Annual Board of Directors Meeting

January 26th, 2015 by Judi Desiderio

My fellow Directors and I met for a few hours, led by our executive committee, Duncan Darrow, Sue Davies and Tuck Hardy. It was a budget meeting as well as operational. I remain in awe of the staff at Fighting Chance who give endlessly to those in need. I am proud to do my part and thank you for the opportunity!

Spread the word about the free cancer counseling services available at Fighting Chance.

  

Judi A. Desiderio, Chief Executive Officer

JD@1TownandCountry.com          

631.324.8080 ext. 221


Town & Country 2014 Hamptons Year End Home Sales Report

January 22nd, 2015 by Judi Desiderio

It was a remarkable year for Hamptons Real Estate, particularly the high end as evidenced by 19 home sales $20 million or more. This was a 138% leap over 2013. Last year, 8 home shared that elite status, this year in Bridgehampton (which includes Water Mill and Sagaponack) there were 5 in the last quarter alone. An amazing statistic.

 

But let’s take a look at the remaining 99% of the Home Sales for 2014.

 

Amagansett statistically saw the greatest leap in the Number of Home Sales with 27% more. In fact, our sweet and sophisticated hamlet of Amagansett had a great year with a staggering 63.4% increase in Total Home Sales Volume and a Median Home Sales Price for the year of $2 million — nearly 10% higher than last year

 

Sag Harbor was another jewel in the crown posting 20% more Home Sales, a 64% increase in Total Home Sales Volume and 18% higher Median Home Sales Price. A good year at the Harbor!

 

Westhampton (which includes Remsenburg, Westhampton Beach, East Quogue, Quogue and Quiogue) closed 374 homes or 21% more sales than in 2013.

 

The Montauk market may look like it is softening but that’s not at all the case. Here’s where boots on the floor tell the real story — TOWN & COUNTRY Montauk Associates report it is simply a lack of inventory, that’s the issue.

 

Bridgehampton (which includes Water Mill and Sagaponack) almost hit the elusive billion dollar Total Home Sales Volume threshold with $975,741,467 trading hands.

 

Viewing All Hamptons Markets Combined and the year 2014 showed significant gains in all 3 criteria monitored by TOWN & COUNTRY, with the high end adding a turbo boost.

 

To view the complete Report along with Statistics click here.

 

Judi A. Desiderio, Chief Executive Officer

JD@1TownandCountry.com          

631.324.8080 ext. 221


Town & Country North Fork 4th Quarter 2014 Home Sales Report

January 19th, 2015 by Judi Desiderio

The last 3 months of 2014 were good for the North Fork in 3 of the 4 markets monitored by TOWN & COUNTRY.  In fact, Jamesport (which includes Aquebogue, Baiting Hollow and South Jamesport) increased 33%. The only hamlet to see a decline was Mattituck (which includes Laurel and Cutchogue) dropping a significant 33% from 51 home sales to 34 year to year 4th Quarter.

 

Orient (which includes East Marion and Greenport) had the most Number of Home Sales with 38 for the quarter. Orient (which includes East Marion and Greenport), also experienced the greatest bounce in all 3 categories monitored by TOWN & COUNTRY with a 27% increase in Number of Home Sales, a 55% jump in Total Home Sales Volume and a 23% gain in Median Home Sales Price.

 

All TOWN & COUNTRY Associates from our 8 offices are reporting the busiest January since 2005 for appointments. This should reflect on the TOWN & COUNTRY 1st Quarter 2015 Home Sales Report.

 

At TOWN & COUNTRY we are experiencing an up-tick in buyers in all price categories but a shortage of listings.

 

Looking at All North Fork Markets Combined and we see that the volume of business is consistent with the last 3 months of 2013 but the Median Home Sales Price rose 5.2%. There’s no doubt that the North Fork Real Estate Market is on an ascent.

 

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

 

Judi A. Desiderio, Chief Executive Officer

JD@1TownandCountry.com         

631.324.8080 ext. 221


Town & Country Hamptons 4th Quarter 2014 Home Sales Report

January 19th, 2015 by Judi Desiderio

2014 was an incredible year for Hamptons Real Estate. TOWN & COUNTRY, like most other brokerages, had its best year ever by far.

 

One shocking statistic was that not every market saw gains in the Number of Home Sales.  In fact, 3 of the 12 markets monitored by TOWN & COUNTRY saw declines, with the steepest drop in East Hampton Village at 21%. One market, Shelter Island, remained the same at 17 home sales year to year 4th Quarter.

 

But the main take away from these statistics is in the BLACK in Bridgehampton (which includes Water Mill and Sagaponack) as the Maserati.  Bridgehampton nearly doubled its Total Home Sales Volume to a staggering $366,815,500 worth of home sales transferring in the last 3 months of 2014.  In 4th Quarter 2013 Bridgehampton (which includes Water Mill and Sagaponack) had ZERO sales in the $20 million and up category, while in 4th Quarter 2014 there were 5 homes sales in that stratosphere. That’s over $100,000,000 in just that one price category.

 

White hot Montauk, statistically, blew every other market away with 83% more Home Sales and a 194% greater Home Sales Volume year to year 4th Quarter.

 

All TOWN & COUNTRY Associates from our 8 offices are reporting the busiest January since 2005. This activity should reflect on the 1st Quarter 2015 Home Sales Report.

 

All Hampton Markets Combined tells the tale of the most staggering year for high end Hamptons Real Estate. In the last 3 months of 2014 there were 22 Home Sales over $10 million and 11 over $20 million — in 2013 there were only 2 over $20 million. The question in everyone’s mind is “Is this a new trend or the spike we see every 7-10 years?”.  The answer to that question is tied to the stock market.

 

The other rare find in this 4th Quarter Town & Country Home Sales Report is that we topped the billion dollar threshold in Total Home Sales Volume at $1,284,226,683.  We haven’t seen that in 7 years.

 

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

 

Judi A. Desiderio, Chief Executive Officer

JD@1TownandCountry.com         

631.324.8080 ext. 221