Montauk Boy Scouts

September 29th, 2014 by Judi Desiderio

On Friday, September 26th Town & Country was pleased to donate several children’s wet suits to the Boy Scouts in Montauk.  Thank you Evelina Mcdermott, from our East Hampton office for your generous donation!  We hope the children enjoy using them and they get plenty of use during this beautiful fall weather. 

Judi A. Desiderio, Chief Executive Officer

jd@1townandcountry.com   

631.324.8080 ext. 221


NEW HOME SALES REACH A 6 YEAR HIGH!

September 26th, 2014 by Judi Desiderio

            The Commerce Department reported an 18% increase from July to August (504,000) in new home sales and August 2014 sales of new homes were up 33% from August 2013! This is a nationwide statistic. That is the highest level reported since May 2008, and the biggest single month jump since 1992. The significance of such a statistic is far reaching considering the effect the housing market has on the overall economy.  In particular, every new home built is credited with employing eight people.  Additionally, this confirms the strength of consumer demand for new homes.  According to the National Association of Realtors, sales of previously owned homes in August slid a bit after four straight months of increases.  Previously owned homes are the bulk of the transfers—approximately 90%. Home sales on a broad stroke have been improving and in my professional opinion is a key driver lifting our economy from the Great Recession.  Here in the Hamptons, a newly constructed home is always under great demand—the question is if one can afford these jewels.  I always say the only thing that trumps the smell of a new car is the smell of a new home!

 

Judi A. Desiderio, Chief Executive Officer

jd@1townandcountry.com 

631.324.8080 ext. 221


TOWN & COUNTRY BOARD OF DIRECTORS AND MARKETING STAFF AT DURYEA’S LOBSTER HOUSE

September 23rd, 2014 by Judi Desiderio

Town & Country took their Board of Directors and marketing staff to the Fighting Chance Lobster Bash at Duryea’s in Montauk last Friday.  It was a beautiful day with one of the best views in the Hamptons.  Thank you Chip Duryea – the founder of the feast – for your generosity as well as Duncan Darrow and the staff of Fighting Chance for another wonderful and meaningful afternoon.  Judi Desiderio, Chief Executive Officer of Town & Country serves on the Board of Directors and Town & Country is a proud sponsor of Fighting Chance.  A good time was had by all! Thank you Charlie Grubb for capturing the occasion with great pictures!

                 

Judi A. Desiderio, Chief Executive Officer

jd@1townandcountry.com

631.324.8080 ext. 221


The Peconic Land Trust’s Common Table

September 4th, 2014 by Judi Desiderio

On August 17, 2014 the Peconic Land Trust celebrated their 25th anniversary.  The benefit was a grand success and Mother Nature blessed us with a perfect evening.  There was incredible food prepared by well-known East End chefs complimented by Long Island wines, spirits and beer.  The food, drinks and music were amazing and the company was even better!  Numerous generous donations of Silent Auction items were provided from local artists, vineyards and businesses.  Sydney Albertini provided each guest with a cookbook called All American: Dessert for Quail Hill Farm — a cookbook filled with delicious dessert recipes.  Thank you to everyone who helped makes this event such a wonderful night. 

Judi A. Desiderio, Chief Executive Officer

jd@1townandcountry.com

631.324.8080 ext. 221


Town & Country North Fork Mid Year 2014 Home Sales Report

July 23rd, 2014 by Judi Desiderio

The first 6 months of 2014 were outstanding for all North Fork markets monitored by TOWN & COUNTRY, as all 4 markets saw significant gains in the Number of Home Sales by as much as 69%, as was the case in Orient (which includes East Marion and Greenport).

 

Mattituck (which includes Laurel and Cutchogue) and Orient (which includes East Marion and Greenport) more than doubled in Total Home Sales Volume. In fact, the Mattituck (which includes Laurel and Cutchogue) market shot up 110% with over $51 million in sales traded. The two highest sales in the $3.5 to $4.99M both occurred in Mattituck (which includes Laurel and Cutchogue), which contributed to the Total Home Sales Volume.

 

Southold (which includes new Suffolk and Peconic) posted the greatest statistical increase in Median Home Sales Price at 9.5% from $431,500 in 2013 to $472,500 in 2014 same time period.

 

TOWN & COUNTRY breaks down 6 different price categories within each market we monitor, and in the first half of 2014 there were 6 home sales in the $2M – $3.49M price range which equates to a 500% increase year over year, and 2 sales in the $3.5 – $4.99M range.

 

The North Fork waterfronts properties and farms are seeing a new buyer demographic who appreciates the beauty of our northern peninsula.

 

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

 

Judi A. Desiderio, CEO

jd@1TownandCountry.com

631.324.8080


Town & Country Hamptons Mid Year 2014 Home Sales Report

July 23rd, 2014 by Judi Desiderio

The first 6 months of 2014 was an impressive up tick compared to last year. 11 of the 12 markets monitored by TOWN & COUNTRY saw increases in the Number of Home Sales with only Montauk experiencing a dip of 15% from 62 home sales in 2013 to 53 in 2014 first half of the year. Having boots on the ground, our Montauk office reports this dip is solely due to a lack of inventory and does not reflect decrease in demand.

 

Four specific markets increased by 50% or more… Southampton Village, Sag Harbor Village, Sag Harbor Area (which includes Noyack and North Haven) and Hampton Bays. Amagansett checked in with a 42% jump in Number of Home Sales – an honorable mention. East Hampton Area (which includes Wainscott) posted 189 home sales in the first 6 months which is in line with last year’s 188, and still the most of any market.

 

9 of 12 of the individual markets realized gains in Total Home Sales Volume, as well as Median Home Sales Price.

 

Bridgehampton (which includes Water Mill and Sagaponack) closed an incredible $346 million in home sales — which is nearly twice the volume of the second highest Total Home Sales Volume for Southampton Village. Looking at the 7 price categories monitored by TOWN & COUNTRY, Bridgehampton (which includes Water Mill and Sagaponack) sold the most homes over $2M, with 6 over $10M.

 

East Hampton Village had the greatest Median Home Sale Price at $2.5M, Amagansett came in second at $2.3M and Bridgehampton (which includes Water Mill and Sagaponack) came in third at $2.165M.

 

Viewing All Hamptons Market Combined and you clearly see the heightened activity we feel in the industry.  Black across the board with a solid 21% increase in the Number of Home Sales and a 24% increase in Total Home Sales Volume. Additionally the Median Home Sale Price for the South Fork rose 6.7% to $950,000.

 

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

 

Judi A. Desiderio, CEO

jd@1TownandCountry.com

631.324.8080


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