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East End Sales Statistics
Courtesy of LIRealEstateReport.com
Week Ending 02/20/09 02/19/10
Number of Sales 17 75
Total $ Amount $17,027,220 $93,384,952
Median Price $ 547,000 $ 760,000
Average [...]
Southampton Town Is Squaring Off With Suffolk County Over East Hampton Jetties
Hamptons.com
… “The decision by the Second Circuit will impact the public beaches, the real estate industry, as well as public policy for future generations. …
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Smith & Wollensky in Steak-for-Stock Deal
AdAge.com
… the local economy could be catastrophic, leaving large tracts of land in [...]
The buyer’s bonus was to be paid in stock, and he had to see how much he could borrow on it before he could raise his offer.
The Bonus Bounce
New York Times
By HILARY STOUT
IF the mix of optimism and uncertainty that pervades the New York residential real estate market right now can be [...]
The MTA says there are not enough riders for the East End to upgrade service. The riders say the service stinks, who would want to ride it? Ever try to get to NY or back out East when you really wanted to? It’s challenging, even in summer!
The rail service put in place during the CR [...]
Looks like The Hamptons’ Formal Big Brother goes back and forth in setting the pace for its Beach Bum Little Sib.
So, when anyone asks the question, ” is the sales in Manhattan tied to the sales in the Hamptons?”, the answer is ‘Sometimes”.
Check out Jonathan Millers Three Cents Worth post here
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It’s too bad these reports are a lagging indicator and we have no Market Reports that are current.
Even so, Jonathan Miller is the best real estate statistician in the business and takes a lot of data, puts it together into an intelligent format.
That’s life in the Fabulous Hamptons!
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Hamptons New York Home Sales Climb 59% as [...]
Well, it’s been awhile since there has been enough news to make a Round-Up. Here’s the buzz:
Ready to Spend, but Not to Boast
New York Times
In the Hamptons, where real estate agents court bankers looking for summer homes, the sales are also expected to be a boon for contractors, …
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Richard Demato
The Sag Harbor Express
The [...]
Don’t know why they used Zillow for any info on Sagaponack? Zillow is still waaaaay off in The Hamptons and their info is very unreliable here.
That being said, this is not the first time that Sagaponack has been named America’s Most Expensive Zip Code and it may not be the last. Sagaponack has been on [...]
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“The children take music, dance and Chinese, and start the day performing either yoga or t’ai chi. But this isn’t a tony private school on the Upper East Side. It is a charter school in the East Village, a neighborhood mostly populated by artsy hipsters and minorities, and most of its 420 students are black [...]
The sales reported during this period in ‘09 were directly impacted by Black September ‘08 when Lehman Bro’s died and the financial markets went into their second tailspin in two years, so apply that rock salt to the sales numbers below.
East End Sales Statistics ‘09 vs ‘10
Week [...]
Things are quiet, here in The Fabulous Hamptons and the news is that, aside from the ‘advertorials’ being run by local papers and websites, hoping to keep favor with their largest source of advertising spenders (the Real Estate Brokers), there is very little news going on here…
Take a look at this mornings Google Alert on [...]
Vincent Fernando | Jan. 5, 2010, 7:49 AM
…median Manhattan apartment prices fell 10% year over year in the fourth quarter, but those for three- and four-bedroom units dropped a shocking 42% and 38% respectively…see chart here
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“It’s a new day for us,” said Randy King, a tribal trustee. “We want to try to become a self-sufficient community.”
see story here
Those who can’t afford to live here or resent those who can, often write about it and they just love to pick on the Hamptons…
“But it’ not like the old days – no cash for the Hamptons bargains this year! It’s hard to manage cash flow when bonuses are paid in stock.”
see story (sic) here
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Dec 15, 09 6:20 PM
The Shinnecock Indian Nation received a preliminary ruling granting federal recognition to the indigenous East End tribe on Tuesday afternoon…
If the preliminary ruling is followed by another favorable ruling after the comment period, the Shinnecock Indian Nation would be immediately eligible for benefits, but that would only be the first step [...]
Crains New York
November 22, 2009 5:59 AM
Small buyers get their shot
With less competition from speculators, end users are stepping up—but financing is tough
“After years of being sidelined by stratospheric prices, small businesses, nonprofits—and even the occasional country—are snapping up new homes for themselves at prices that average 32% below the peak of two years ago. [...]
photo courtesy of citizenx.org
Ok, many of us love the beach. Some of us have enough money to live directly on the beach. But if we do, we have to respect Mother Nature and accept the fact that One Day…
My friend, Billy Mack explains what took place:
“Some places the dunes have eroded to the point that [...]
Certainly our winter “sister” areas will need to see some correction as well.
But it’s early in the ski season…things picked up here, in the hamptons as summer wore on, let’s see what happens when the powder builds up.
An Avalanche of Price Cuts
As luxury ski areas go into deep freeze, sellers capitulate to market realities
“Fall has [...]
Amidst all the spin of “Oh, the market’s back now” and “I did more sales than you did”, there is some interesting facts in the reports for the 3rd Quarter of 2009.
According to reports, including the one from Jonathan Miller at Miller Samuel:
-In Southampton Township (the villages and hamlets that make up from Eastport to [...]
WSJ- The government over the past year has slowed the pace of foreclosures through moratoria and the drive to modify mortgage terms to keep more borrowers in their homes. It also has pumped up demand for housing by giving tax credits to many first-time home buyers and by driving down mortgage interest rates. As a [...]
Fewer McMansions on the Horizon By June Fletcher, WSJ
Builders Have Little Incentive to Create More McMansions and Hardly Anyone is Buying. There are Deals Out There, But You Better Act Fast.
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Vornado Realty’s Roth Buys Madoff’s Montauk Estate WSJ
Real-estate mogul Steven Roth has bought [...]
This WSJ article about Peter Beards Montauk house is reminicent…check out the slideshow as well…md
The Original Hamptons Party House
Peter Beard’s Long Island property evokes memories of its sybaritic past
By HANNAH KARP
There are few signs of the property’s wild past as an epicenter of the 1970s Studio 54 scene, when the likes of Mick and Bianca [...]
Words like “the most in 5 years” sound thrilling, but while the number of sales did increase dramatically from the depths of the Second Qtr 2009, the number of sales for Third Qtr 2009 were still less than 2007 & 2008. See the LIRealestateReport
East End Total Number of Transactions
3rd Qtr 2007 — 724 …. # [...]
Amagansett NY Amagansett
Web ID#: 23743
Property Type: Unknown
Price: $175,000
 view full listing |
Extra Large oceanside studio.Hear the ocean. Queen size bed,,pull out sofa.Large balcony with endless dune views.Some ocean view.Resort property. 50 steps to the ocean. Beach,Tennis,Heated Pool. Club house with excercise room,childrens playground.. Cable,air conditioned.All utilities and taxes included in maintenance. Kitchenette with full size fridge,cabinets. microwave,etc.fully equipped.Daily maid service available. Well maintained co op Rental program too! |
| Barbara Weber direct: 631 725-7070 cell: 917 345-4563 barbaraw@nestseekers.com |
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In most communities, the school is larger than most of the homes…not in Wainscott, NY
Well…it looks like the pendulum is starting to swing against the developers. This is the first time in a long time that we have seen a building application denied for a home like this on a large lot.
Jeffrey Colle is a [...]