Archive for the ‘Hamptons Real Estate’ Category
Hamptons and NoFo 2nd Qtr 2010 Market Report
July 26th, 2010
Posted in Hamptons Real Estate
Hamptons/North Fork Q2 2010 http://www.millersamuel.com/reports/pdf-reports/HNF2Q10.pdf The millersamuel.com/reports page on our corporate web site provides more information on the reports we prepare as well as their methodologies. You can download the reports on that page or on the report icon below
Comments Off Hamptons Real Estate News Round-Up
June 14th, 2010
Posted in Hamptons Real Estate
$72 Million In The Hamptons, Estate of the Day Luxist (blog) Newsday’s Real LI column reveals that one 2.7-acre parcel has a five-bedroom house with a pool and 432 feet of frontage on Wainscott Pond with views of the … …………… Hard times hit high-end hospitality in the Hamptons New York Post By JENNIFER GOULD [...]
Comments Off Are the Fed’s investigating the Hamptons Real Estate Goose?
May 18th, 2010
Posted in Hamptons Real Estate, Real Estate News
The Hamptons are one of the last hold-outs in the US for instituting a marketwide Multiple Listing Service (MLS) for the purpose of sharing and marketing listings. In recent years, MLS systems nationwide have not only been used for sharing listings among brokers, but the real estate industry itself, through Realtor.com and many outside vendors, [...]
Comments Off How much does and agent make on a $50M sale?
May 15th, 2010
Posted in Hamptons Real Estate, Real Estate News
It’s reported that the $50M Corzine to Tepper deal in Sagaponack is being done sans broker. I can hear the “Aw, shucks” (or something similar) being exclaimed at every bar and pilates class on the East End, not that I have been to either during this wicked allergy season. So, how much does an agent [...]
Comments Off Tax Assessments Going UP During the Biggest Drop in Real Estate Values in 30 years?
May 14th, 2010
Posted in Hamptons Real Estate, Real Estate News
It seems that one of the challenges brought to bear by using the Market Value Tax Assessment system, instead of those complex numbers and formulas that only the assessor can understand, is that when you need to increase taxes and you can’t increase the tax rate, then what do you do? Of course, you increase [...]
Comments Off Tax Assessments Going UP During the Biggest Drop in Real Estate Values in 30 years?
May 14th, 2010
Posted in Hamptons Real Estate, Real Estate News
It seems that one of the challenges brought to bear by using the Market Value Tax Assessment system, instead of those complex numbers and formulas that only the assessor can understand, is that when you need to increase taxes and you can’t increase the tax rate, then what do you do? Of course, you increase [...]
Comments Off This May be “The Time” to Buy Hamptons / East End Real Estate
May 8th, 2010
Posted in Hamptons Real Estate, Real Estate News
2010 reported Sales Figures for the first week in May are up from 2009 and down from 2008 and still way down from 2007. Looks like this next 3-6 months, with values down 25-35% and interest rates still low, will be the time that buyers look back on and say either: “I’m glad I bought [...]
Comments Off Beach Erosion is especially Tough in 2010
April 28th, 2010
Posted in Hamptons Real Estate, Real Estate News
The hot spots for erosion move east to west along the East End beaches. Sagaponack, Bridgehampton, Westhampton ( now West Hampton Dunes), Hampton Bays and, most recently Wainscott have all had their opportunities to be the “hot spot”. Ronald Lauder, who has done so much to preserve Wainscott from development over the years is now [...]
Comments Off Real Deal Reports “Home sales rebound on East End”
April 10th, 2010
Posted in Hamptons Real Estate
Home sales rebound on East End
April 09, 2010 06:30PM
Rick Hoffman, Corcoran’s senior vice president of the company’s East End division
By Sarah Ryley Sales activity appears back to normal on the East End of Long Island. According to the Corcoran Group’s quarterly market report, released today, there were [...]
Comments Off Hamptons Real Estate News Round-Up April 8, 2010
April 8th, 2010
Posted in Hamptons Real Estate, Real Estate News
The Sag Harbor Express
Small is the New Big
The Sag Harbor Express
For Corcoran real estate broker Cee Scott Brown, who specializes in homes in the Sag Harbor area, smaller has always been the norm. …
WHO CAN AFFORD BIG ANYMORE?
………
The real value of mansions now
New York Post
By TAYLOR K. VECSEY and JIM [...]
Comments Off Week ending 3/19/10 Sales Statistics and Lis Pendens both UP on East End
March 24th, 2010
Posted in Hamptons Real Estate
The sales statistics for this particular week, from the last three years are below.
These sales represent “deals” that took place in the last quarter of the preceding year..
Notice that, for 2010, the number of sales and median price are both recovering, and the average sales price is back up to hey-day levels of [...]
Comments Off East End – Hamptons and North Fork – Reported* Sales Jump Significantly Feb ‘10 vs Feb ‘09
February 19th, 2010
Posted in Hamptons Real Estate, Real Estate News
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 [...]
Hamptons Real Estate News Round-Up 2/6/10
February 6th, 2010
Posted in Hamptons Real Estate, Real Estate News
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. …
…………
Smith & Wollensky in Steak-for-Stock Deal
AdAge.com
… the local economy could be catastrophic, leaving large tracts of land in [...]
Bonus Season May Make This the Bottom for Hamptons Real Estate
February 6th, 2010
Posted in Hamptons Real Estate
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 [...]
Thanks for the money, see ya’ next summer!
February 1st, 2010
Posted in Hamptons Real Estate, Real Estate News
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 [...]
Hamptons and Manhattan – Birds of a Feather or Duck-Duck-Goose?
February 1st, 2010
Posted in Hamptons Real Estate
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
[...]
Increased Hamptons Sales from Summer ‘09 Reported
January 29th, 2010
Posted in Hamptons Real Estate
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!
…….
Hamptons New York Home Sales Climb 59% as [...]
Hamptons Real Estate News Round-Up 1/25/10
January 25th, 2010
Posted in Hamptons Real Estate
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, …
….
Richard Demato
The Sag Harbor Express
The [...]
Business Week – Most Expensive U.S. Small Town: Sagaponack, N.Y.
January 21st, 2010
Posted in Hamptons Real Estate
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 [...]
Courtney Ross And Her Education Empire
January 14th, 2010
Posted in Hamptons Real Estate
…
“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 [...]
First Week Jan ‘10 vs Jan ‘09 Reported East End Sales and Lis Pendens
January 8th, 2010
Posted in Hamptons Real Estate, Real Estate News
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 [...]
The News About Hamptons Real Estate – There IS NO NEWS!
January 5th, 2010
Posted in Hamptons Real Estate
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 [...]
Manhattan Three-Bedroom Apartment Prices Collapse 42%
January 5th, 2010
Posted in Hamptons Real Estate
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
[...]
Shinnecock Indians See Prosperity Ahead
December 29th, 2009
Posted in Hamptons Real Estate
“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
Cynics love to pick on “The Hamptons”
December 16th, 2009
Posted in Hamptons Real Estate, Real Estate News
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
[...]