Lori Feilen Joins Town & Country Real Estate

April 17th, 2014 by Joan Bischoff van Heemskerck

 A longtime top sales associate with Corcoran's Southold office, Lori Feilen has joined Town & Country’s Southold office. The consummate professional, Lori has over 25 years of real estate expertise and is one of the best resources when it comes to finding that special home, rental or investment on the North Fork.

Her affable personality, combined with her genuine sincerity and tenacious work ethic make her a true asset to Town & Country.  She is warm and caring, continuously turning broker/client relationships into true friendships. Her history speaks for itself, as Lori is an encyclopedia of knowledge about the area and all things real estate related. Lori’s tremendous referral base is further testament to her excellent track record of negotiating deals, uncovering opportunities and obtaining outstanding results which has consistently rewarded her with being a top North Fork producer year after year, as well as ranked multiple times in the Wall Street Journal and REAL Trends Inc. Top 1,000 Real Estate Agents in the United States.

Prior to real estate, Lori spent 11 years in sales for CNN and Cablevision Systems in NYC, undoubtedly the foundation for her terrific and successful sales ability now in real estate. In addition to being passionate about real estate, Lori loves living in a peaceful farming community surrounded by water. She enjoys walking on the beach, swimming, boating, entertaining, reading, and just about anything relating to art, painting, decoration and design. She also enjoys giving back to her community as a volunteer for numerous local causes.

Lori states, “One of the reasons for joining Town & Country Real Estate is because the Principle Brokers are largely an extension of my old Allan Schneider family from the past. I am excited about my new position and association with them.” Lori can be reached at 631-834-0876, lfeilen@1TownandCountry.com.

 

Contact: Joan Bischoff

jbischoff@1townandcountry.com

631.948.0234


T&C HAMPTONS 1ST QUARTER 2014 HOME SALES REPORT

April 16th, 2014 by Judi Desiderio

TOWN & COUNTRY’S 1st Quarter 2014 Home Sales Report proves, indisputably, that the Hamptons Real Estate market is enjoying a new wave.

The Big Kahuna is Southampton Village where the Total Home Sales Volume exploded nearly 1000%!!! That’s a first! In 1st Quarter 2013, Southampton Village posted $6.935M for its Total Home Sales Volume and a year later it is $76M.  Southampton Village took the crown home for the highest increase in Number of Home Sales — 4 in 1st Quarter 2013 and 17 in 1st Quarter 2014. The Median Home Sales Price came along for the ride as well from $1.625M in 1st Quarter 2013 to $4.2M in 1st Quarter 2014 — a 158.5% leap.

While Southampton Village was definitely the most outstanding there were several honorable mentions. The charming hamlet of Amagansett realized a 530.8% increase in Total Home Sales Volume from $11.55M to $72.859M year to year 1st Quarter 2013 to 2014. The Median Homes Sales Price in Amagansett was $2.725 —the 2nd highest and an impressive 123% increase from last year’s Median Homes Sales Price.

Nine of the 12 markets monitored by TOWN & COUNTRY saw an increase in the Number of Home Sales, 2 were unchanged, and only one market saw a decline of 17% — it was the red hot market of Montauk, posting 20 home sales in 1st Quarter 2014 vs. 24 sales in 1st Quarter 2013. This statistic should not be interpreted as a pull back in demand — absolutely not — it is simply a lack of inventory. In MTK, as we affectionately refer to it, any listing priced correctly and positioned properly sells.

Looking at All Hamptons Markets Combined and the 1st Quarter activity reveals nearly all black straight across the 3 criteria TOWN & COUNTRY monitors and the 7 separate price ranges. Sales boomed with a 29% increase in the Number of Home Sales and a 32.3% rise in the Median Homes Sales Price, both resulting in a doubling in the Total Home Sales Volume of $641M in the first 3 months of 2014.

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

Judi A. Desiderio, Chief Executive Officer

jd@1TownandCountry.com

631.324.8080 extension: 221


T&C North Fork 1st Quarter 2014 Home Sales Report

April 16th, 2014 by Judi Desiderio

April 15, 2014

TOWN & COUNTRY’S 1st Quarter 2014 North Fork Home Sales Report provides the statistical evidence needed to demonstrate true strength in the North Fork Real estate market.

Orient (which includes East Marion and Greenport) is the shining beacon at the eastern most end of the North Fork peninsula with a 171% jump in Number of Home Sales from 7 to 19, in the first three months year to year. These sales were at higher price points as seen in the Median Home Sales Price increase of 33% from $327,500 in 1st Quarter 2013 to $436,000 in 1st Quarter 2014. Both statistics pushed Total Home Sales Volume for Orient (which includes East Marion and Greenport) to $9.5M from $2.7M — a jump of 254%.

Three of the 4 markets monitored by TOWN & COUNTRY realized considerable increases in sales activity. Only Southold (which includes New Suffolk and Peconic) dipped 29.4% in Number of the Home Sales from 17 to 12 which then pushed the needle down 27% for Total Home Sales Volume.

Jamesport (which includes Aquebogue, Baiting Hollow and South Jamesport) is enjoying 2014 with impressive increases in Number of the Home Sales, Total Home Sales Volume and Median Home Sales Price — 57%, 75% and21% increases respectively.

Viewing the stats for All North Fork Markets Combined and the increase in home sales activity on the North Fork is acutely clear with a 36% leap in Number of the Home Sales and a staggering 65% jump in Total Home Sales Volume.

                                                                           

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

Judi A. Desiderio, Chief Executive Officer

Jd@1TownandCountry.com

631-324-8080 extension: 221

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


MODERN VS CONTEMPORARY

April 11th, 2014 by Judi Desiderio

Do you know the difference?
There’s a significant shift in buyer interest, to modern homes today.
Many buyers are being so specific to add “Not contemporary I want, MODERN – ultra modern”
So, here at Town & Country we canvased our seasoned brokers to see – what is behind this movement to modern and what IS the difference between modern and contemporary?
What do buyers really want?
The answers were consistent. There is a definite trend toward modern!
The modern buyer wants NEW, IMMACULATE WITH TRENDY FEATURES…

                     This ULTRA MODERN beauty in Sagaponack South with glassed in wine rack right in the dining room, and the massage room off the gym and theater. The outside living room tops it off like homemade whipped cream! IN#15151

        

The second category of contemporary –
or as some describe it – STARK CONTEMPORARY, is a clean, lots of glass, minimalistic trim
package all white, white, white.
Here is an oceanfront contemporary T&C recently sold in Amagansett. IN#41273

The third category, which I call “BLENDED,” is a very unique combination of traditional exterior
– architecturally – with a modern interior. This look seemed to have evolved over the past few
years as modernists started having their way.


           

See below the new construction just outside East Hampton Village. A classic cedar shingled exterior
with true traditional lines, yet from the moment you enter, it’s clear there’s nothing common about
this house. What’s really unique about this home of blended styles, is that, everyone loves it!
Whether you favor traditionals or modern contemporaries (yes I took the liberty to combine the
two). You can’t help but love this, when it’s done correctly, and this one is done perfectly! IN#29266

             

Let’s open dialogue on this topic on SOCIAL MEDIA. Post photos of your favorite in each category and show what you respond to. We look forward to sharing! www.facebook.com/1TownandCountry

Judi A. Desiderio, Chief Executive Officer
jd@1TownandCountry.com . 631.324.8080


JEREMIAH HALSEY JR. HOUSE

March 19th, 2014 by Maxine Hirt

     Goings-on in local real estate took a personal turn for me a few months ago when a property which had been in my husband, Rick Hirt’s, family for hundreds of years, until the early 1960s, went on the market.  Ideally located in Bridgehampton South at the northwest corner of Halsey and Paul’s Lanes, and at over an acre and a half, it seemed destined to become the latest casualty of recent development action in the neighborhood, where many older houses have fallen to make way for larger and grander houses to satisfy the demand for high-end residences with pools, pool houses, and maybe tennis courts, in the best Hamptons locations.

      Trouble was, this property still has a house on it that has stood for hundreds of years. Discussed in recent articles in the local press as the “Jeremiah Halsey Jr. House,” my family refers to it as the “Cook House.” (Apparently at some point in the property’s history a Halsey woman married a Cook man). My mother-in-law, Ellen Cook Hirt, who is still alive at nearly 97, was born in the house’s “borning room,” as was, I am assuming, her father, Augustus Cook, a potato farmer who was born before the Civil War.  When the property sold and it became apparent that the new owners did not want the house, local historic preservation enthusiasts sprang into action to try to save it from demolition. My family is so grateful, not only to those trying to save the house, but also to the new owners who have graciously granted time to do so. They are reported to have donated the house to Westhampton Beach Historical Society, which stands ready to disassemble and move the house if no one else can be found to take it for preservation.

     According to Larry Jones, a local historic preservation expert based in Westhampton Beach, the house is approximately 300 years old and contains “highly picturesque” carefully hewn and unusually shaped timbers that are almost 95 percent intact, in “like new” condition. Other interior elements that make this a house worth saving are a “delicate central chimney containing three fireplaces, a bake oven and two fireplaces on the second floor, wide plank beaded wall boards surrounding the fireplaces, and wide plank flooring.” Even though the house’s exterior is completely non-original (I remember when the windows had historically correct divided lights), experts believe it would not be difficult to restore the original appearance with different windows, doors, and trim in the style of the original.

      Anyone interested in taking this historic gem under their wing should contact Mr. Jones at Jack L. Jones Building Conservation Ltd., P.O. Box 888 or 220 Main Street, Westhampton Beach, NY 11978, (917) 716-9087, (631) 288-4384, or ljones220@yahoo.com. My husband, Rick, who is a local architect and keenly interested in seeing this important piece of family history saved, has offered to donate architectural services to the new owner for a new foundation, and possibly for more. He can be reached at rickhirtarch@optimum.net. Maxine Hirt, Licensed Associate Broker, Town & Country Real Estate

 


Top 10 most expensive homes sold in 2013

March 6th, 2014 by Judi Desiderio

 

Press Release: February 18, 2014

Town & Country’s Annual Top 10 Most Expensive Sales of 2013 is actually Top 12 since 2 price points ($25M and $24M) posted 2 sales each. Number 1 leads off, as anyone could have guessed, with Steve Cohen’s purchase of 52 Further Lane oceanfront property in East Hampton Village with a sale price of $62.5M.

The second highest sale recorded in 2013 can arguably trump Mr. Cohen’s purchase since Vince Camuto sold not only his oceanfront home on 5 acres for $35M but also sold his 4 additional surrounding vacant lots at $10M each for a total of $75M. Town & Country’s Top 10 Most Expensive Sales are based on individual properties – even back in 2007 Ron Baron’s purchase of the deMenil Carpenter property on Further Lane totaling $103M for 40 acres of oceanfront held the #1 and #2 spots at $58M for 260 Further Lane and $45M for 278 Further Lane respectively.

While Southampton and East Hampton’s estate areas continue to be the dominant forces on the high end, Southampton Village was the show stopper with 6 top transfers.

Ordinarily 80% of the Top 10 Most Expensive Sales are waterfront. In 2013, 90% were waterfront, and all but one were ocean front. The #9 position was to Michael Davis’ 79 Parsonage Lane at $21M – an impressive price for an inland SFR!

To view all Top 10 Most Expensive Sales visit

www.1TownandCountry.com/Reports.

Judi A. Desiderio, CEO

jd@1TownandCountry.com

631.324.8080


Town and Country North Fork 4th Quarter 2013 Home Sales Report

March 6th, 2014 by Judi Desiderio

Press Release: January 17, 2014

TOWN & COUNTRY’S 4th Quarter North Fork Home Sales Report shows a rise in all criteria, thereby positioning the North Fork to clearly be in a solid recovery mode.

The Mattituck market (which includes Laurel and Cutchogue) jumps right off the charts with an explosive 262% leap year to year in the Total Home Sales Volume and nearly twice the Number of Home Sales — from 18 in 4thQuarter 2012 to 51 home sales in 4th Quarter 2013. The four primary price ranges all enjoyed incredible gains. In fact, on the high end, the $2M – $3.49M price range, 3 of the 4 homes that sold on the North Fork in the last 3 months of 2013 were in the Mattituck market.

Both Southold (which includes New Suffolk and Peconic) ales 4th Quarter 2013.and Orient (which includes East Marion and Greenport) saw over 40% increases in the Number of Home S

Jamesport (which includes Aquebogue, Baiting Hollow and South Jamesport) realized the highest jump in theMedian Home Sales Price or 25.4% increase from $366,750 to $460,000 year to year.

Looking at all North Fork Markets Combined and the tale to be told is the North Fork is ready for happy times in 2014.All three criteria, as well as all price ranges monitored by TOWN & COUNTRY are solidly in the BLACK! The Number of Home Sales is up 70%, Total Home Sales Volume is up 85%, and the Median Home Sales Price is up 13%. While the bulk of the sales are still under $500K, the next price range of $500K – $999K experienced the greatest increase of 120% from 20 homes sales in 4th Quarter 2012 to 44 home sales in 4th Quarter 2013.

Buckle in North Fork, 2014 is your year!

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

Judi A. Desiderio, CEO

jd@1TownandCountry.com


Town and Country’s 4th Quarter Home Sales Report

March 6th, 2014 by Judi Desiderio

 

Press Release: January 17. 2014

Town & Country’s 4th Quarter Home Sales Report demonstrates a solidly recovered market. Eight of the twelve individual markets monitored by Town & Country reported increase in the Number of Home Sales, one remained unchanged, and three saw declines.

The Southampton Village market, simply put, exploded in the 4th Quarter. The Number of Homes Sales doubled year-to-year from 16 to 31, and the Total Homes Sales Volume increased 200% from $55M to $167M. Slide your finger across the 7 different price ranges monitored by Town & Country and you see the reason for the exponential increases was growth in the elite price range of $10M and up, which went from 1 to 4 sales, and the $5M to $9.99M, which went from 3 to 7 sales year to year, or a 133% increase. It’s crystal clear Southampton Village wears the crown!

Southampton Area ( which includes North Sea) realized the greatest increase in the Median Home Sales Price with a 36% increase from $620,000 to $844,772.

One glaring surprise is the other crown jewel of the Hamptons which is East Hampton Village. East Hampton Village realized the greatest pull back year to year. In East Hampton Village the Median Home Sales Price was $4.5M in 2012 4th Quarter – this year, the last 3 months showed a Median Home Sale prices of $2.45M. Now keep in mind, in 2013 Southampton Village Median Home Sales Price for this same quarter was $2,547,500 and Bridgehampton (which includes Water Mill and Sagaponack) Median Home Sales Prices is the highest and $3,087,500. Bottom line, the year to year analysis is important to chart individual markets and their specific activity, but the actual numbers have significance.

Looking at All Hampton Markets Combined and clarity sets in. The Hamptons Markets are enjoying heightened activity: with more sales: 432 in 4th Quarter 2013 from 356 in 2012 or a 21% increase. This pushes up the Total Home Sales Volume by nearly 6% to $816M, but the Median Home Sales price is almost unchanged from $975,000 to $950,000. The price range with the most Number of Sales and year over year increases is $500K- $999K. My concern here is there’s little inventory as replacement inventory is slim.

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

Judi A. Desiderio, CEO

jd@1TownandCountry.com

631.324.8080


EAST HAMPTON VS PSEG

March 5th, 2014 by Judi Desiderio

Today there was a Town Hall meeting, which most people were unaware of, regarding the new obnoxious utility poles being erected by PSEG.
The public was not invited to speak.. in fact the public wasn’t invited period!
Those of us who went, mostly spilled out in the hallway with no ability to hear anything.
There seemed to be 4 local members of the concerned public and a table full of PSEG representatives all there to discuss this violation to our community.
I’m not even going to address the lack of advance notice, or that microphones were not used so hearing was limited…
I’m just going to go straight to the subject at hand…
I’ve yet to find one person who feels the utility poles we have are congruous with our landscape and regions..
Not one person who declares “put more up”
In fact
Many years ago, East Hampton, like most East End towns began requiring that all utilities be buried to preserve the rural beauty of our area.
So why then or how did we come to this place where more of these obnoxious poles are being installed and there was no public notices sent, and no public comment allowed
And, in fact, little thought or regard to safeguarding what we all need to preserve—the natural beauty of our country roads.
 
Who is going to launch an on line petition to let our municipalities and PSEG know our thoughts.
There are suggestions available as to how to accomplish the objective without destroying our visual landscape.
 
Please weigh in


IT’S TIME TO GO SHOPPING W CPF MONEY!

March 3rd, 2014 by Judi Desiderio

PECONIC BAY COMMUNITY PRESERVATION FUND REVENUES FROM THE FIVE EAST END TOWNS THAT COLLECT CPF 2% TAX ON REAL ESTATE SALES ROSE TO ITS
OVERALL SECOND HIGHEST LEVEL SINCE IT’S INCEPTION 15 YEARS AGO.
THIS TAX IS CUSTOMARILY PAID BY THE BUYER, IS NOT TO BE CONFUSED WITH THE PECONIC LAND TRUST, WHICH IS A HIGHLY RESPECTED NOT FOR PROFIT, FUNDED THROUGH DONATIONS.
2013 RESULTED IN $95.43 MILLION IN REVENUES.
SOUTHAMPTON TOWN COLLECTED IT’S HIGHEST ANNUAL REVENUE EVER AT $57.79 MILLION, WHICH EXCEEDS THE ENTIRE TAX COLLECTION FROM ALL 5 TOWNS IN 2008- THE BOTTOM!
 
LAST YEAR THERE WERE 8,328 TRANSACTIONS TAXED, 2,356 MORE THAN 2012.
2013 WAS THE BEST YEAR FOR HAMPTONS REAL ESTATE / EAST END REAL ESTATE SINCE 2005

IT'S TIME TO GO SHOPPING WITH CPF MONEY
TO VIEW THE STATISTICS VISIT WWW.1TOWNANDCOUNTRY.COM/REPORTS