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Hamptons Agents Sum Up 2013 in Real Estate, Part II | Bedford NY Homes
[Everyone loves Sag Harbor, via wikipedia]
Susan Breitenbach, Corcoran What neighborhood saw the most change this year? North Haven/Sag Harbor got waterfront condos for sale and ended up with lots of big waterfront transactions. A few years ago hardly anyone ever heard of it; one new transfer will be coming in over $30 mil (just one house and not extremely large property!).
Sum up 2013 in three words Four: One of best in Hamptons!
Your favorite town this year Montauk.
Biggest building trend in 2013 Outside living: amazing exterior pool houses with nano doors, Kalamazoo kitchens, outdoor fireplaces, firepits, gyms, etc.
Any predictions for 2014? All signs are pointing to one of the best in Hamptons real estate history.
Gary De Persia, Corcoran What neighborhood saw the most change this year? Sag Harbor ended the year with two record setting deals, including a waterfront that went to contract on Robertson Drive not far below its $36M ask and my listing on Main Street priced at $9.95M, also in contract at what will prove to be a benchmark price. These go along with the other robust sales in that area this year.
Sum up 2013 in three words Action never stopped.
Your favorite town this year and why Sag Harbor. The only village in the Hamptons that you actually see people cramming the streets at night before and after dinner. Other towns people tend to go to dinner then get in their cars to go home.
Biggest building trend in 2013 Third floor roof decks capturing amazing views of ocean, bays and surrounding countryside, as in my two Town Line Road listings by Lifton-Green which sold within in months of each other, and my current listing Rose Hill Point on Mecox Bay.
Any predictions for 2014? Based on 2013 year-end deals, a normally quiet period, I predict an exciting start to 2014 for new construction, re-sales and land.
Chris Chapin, Douglas Elliman What neighborhood saw the most change this year? Sagaponack has nearly completed its transformation from rural farm settlement to whatever it is now. But at least they are still growing corn and potatoes among the mansions.
Sum up 2013 in three words Sellers’ market returns.
Your favorite town this year and why Noyac still looks as if could be another place or another time. Even at the height of the summer season you can find quiet places to jump in the water.
Biggest building trend in 2013 Farrellization.
Trend you’d like to see crushed in 2014 Farrellization.
Any predictions for 2014? Hamptons real estate will level out a bit as buyers pick up oceanfront on the Jersey Shore for pennies on the dollar.
Helicopter Crashes At Westchester County Airport | Bedford NY Real Estate
UK house prices expected to rise 8% in 2014 | Money | Bedford NY Real Estate
Solar energy finally gets a push in NY | Bedford NY Real Estate
An array of shimmering panels covering 3 acres in New York’s Finger Lakes is a sign of the state’s latest push to catch up to its neighbors in the Northeast that have set the pace in recent years for promoting solar energy.
The project in Romulus, N.Y., that will produce much of the electricity for the Seneca County sheriff’s department, was funded in part with a grant of almost $1 million from the state’s NY-Sun program. The initiative by Gov. Andrew Cuomo’s administration will provide tens of millions of dollars a year for public and private projects producing at least a megawatt of solar power, the equivalent of about 200 typical residential installations.
An initial round of competition in 2012 allocated $30 million to 16 developers in New York City and the Hudson Valley who planned to put a total of 34 megawatts online by the end of this year.
One aim of NY-Sun is to help meet goals for increasing the share of the state’s energy needs covered by renewable sources, now dominated by hydropower. Another is to close the gap with other states that moved more aggressively and quickly to encourage development of solar.
Massachusetts, for example, saw 129 megawatts of solar installed in 2012 compared to 60 in New York, according to an industry group. At the same time, 415 megawatts were installed in New Jersey, where regulatory policy created a system that has utilities effectively subsidizing solar owners to meet renewable energy standards.
“It quickly comes down to policies,” said Michael Johnson, a California-based expert on funding such projects, who returned to his home county this month to help flip the switch on the Romulus system. “Every state does it their own way.”
Developers say Massachusetts and Vermont outpaced New York, in part, because of more generous incentives for a wider range of projects.
http://www.crainsnewyork.com/article/20131223/REAL_ESTATE/131229976
Existing home sales fell for the third straight month | Bedford NY Real Estate
Existing home sales fell 4.3% in November but as higher interest rates and tight inventory dampened the market, the National Association of Realtors said Thursday.
Sales dropped for the third straight month to a seasonally adjusted annual rate of 4.9 million from 5.12 million in October.
That was 1.2% off the November 2012 pace and the first time in 29 months that sales were below year ago levels.
Economists’ median forecast was for a November rate of 5.1 million, according to a survey by Action Economics.
Home sales are being hurt by higher mortgage interest rates, limited inventory and tight credit, says Lawrence Yun, NAR chief economist.
The national median existing price was $196,300 in November, up 9.4% from the year before.
Distressed homes accounted for 14% of November sales, unchanged from October.
Inventory expanded to a 5.1 month supply, up from 4.9 months in October. That means all homes would be sold in that time frame at the current sales rate. A six or seven month supply is a balanced market.
In November, the inventory of existing homes for sale was 5% above a year ago, NAR says. The supply of homes for sale is up 8.4% from when it bottomed in January, on a seasonally adjusted basis, says Jed Kolko, Trulia economist.
More homes for sale mean buyers have more choices, which may lead to lower price gains going forward.
The report comes a day after a strong showing for November housing starts and the Federal Reserve’s announcement that it will trim its bond buying starting next month.
The Fed’s tapering, which was expected, will likely drive mortgage interest rates higher. That’ll be “a tough reality check for many homebuyers,” says Ellen Haberle, economist for real estate brokerage Redfin.
http://www.usatoday.com/story/money/business/2013/12/19/existing-home-sales-november/4115407/
For Only $15M, Be a ‘Pearl Within a Life-Size Abalone Shell’ | Bedford NY Real Estate
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Location: Laguna Beach, Calif. Price: $15,000,000 The Skinny: The brokerbabble for The Rockhouse, as it’s called, surreally claims that living in this beachfront home “evokes the feeling of being a pearl within a life-size abalone shell”, but an equally apt analogy might be that it evokes the feeling of being trapped in Ursula’s lair in a scene from The Little Mermaid. The listing wisely avoids drawing that connection, though, instead laying the responsibility for inspiring this “synergistic marriage of architecture and art” at the unwitting feet of Antoni Gaudi and the city of Barcelona. Besides the clamshell décor, the most notable aspect of this Brion Jeanette design is its location inside Aliso Rock, a gigantic stone that sat peacefully on this beach for eons, watching a million gentle tides come and go, before being split asunder to make room for this house. The two-bedroom, three-bathroom home—which does have nice ocean views!—is asking $15M.
· 31107 Coast Highway [Surterre Properties] · 31107 Coast Highway [Zillow]
One of the Wainscott ‘Magnificent Seven’ Still Wants $23.5M – 80s! We’re Living in the 80s! | Bedford Real Estate
Content Marketing with The New Instagram Direct | Bedford NY Realtor
Just a month ago the ephemeral messaging service Snapchat turned down a massive $3 billion cash offer from Facebook—a move that left many people surprised, perplexed, and in some cases, downright angry. To many, the unavoidable question was, how could something that’s free to use, that produced no product, lacked any sort of inventory, and had no prospects for monetization be evaluated a $3 billion. Furthermore, how could that same company subsequently refuse such a massive cash offering from one of the biggest companies in the world? Well a month down the road and there’s still no good answer, but one thing that we can say with some certainty is that with today’s introduction of Instagram Direct, Snapchat is probably kicking themselves for not accepting Facebook’s offer.
Now the company’s closest competitor, Instagram, who is backed by Facebook, has set its sights on the ephemeral messaging market, providing its already massive user base with a viable alternative to Snapchat. Much like Snapchat, Instagram Direct allows users to send photos and videos directly to their followers of choice, without the image being shared on their feed. Not only is Instagram’s latest update a “competitive move,” but it also affords users a brand new, hyper-focused means of marketing that has the ability to really strengthen the relationship between advertisers and consumers. While the ability to monetize Instagram direct is yet to be seen, and sources say that that is an unlikely avenue for the new feature, it will allow advertisers to connect one on one with followers and help facilitate new types of interaction between brands and their followers.
Less than 24 hours after its release, some brands are already finding new ways to tap into their following and further cultivate relationships with their fans. GAP for example, used the new service to run a contest in which users were asked to send photo messages directly to the clothing company in order to be entered into a contest. While Facebook has long had the ability to facilitate these types of marketing activities, Instagram Direct brings with it a much more personalized feel, where users and brands can interact one on one.
As days go by and more brands and advertisers adopt the new Instagram Direct technology, we’re sure to see a number of different marketing practices employed through the direct messaging service. If you are on Instagram Direct and using it as an advertising tool, let us know what’s working for you in the comments below—we’d love to hear some of your ideas!
Read more at http://www.searchenginejournal.com/content-marketing-new-instagram-direct/81967/#JsvQPrvVVJmIbxFq.99
EH Town and Residents Lock Horns Over Deer Cull | Bedford NY Homes
[Both the town and village of East Hampton are going ahead with their plans to reduce the local deer population via a sharpshooters’ cull. The plan is enthusiastically supported by those who believe the town is being overrun with deer and decried by local nature lovers. Concert promoter and East Hampton resident Ron Delsener is retaining a New York law firm to try to stop the plan from going ahead. An online petition at change.org, “Stop Long Island Farm Bureau/USDA Stealth Plan to Brutally Slaughter 5,000 East End Deer,” currently has more than 2500 signatures. The Humane Society of the United States is also considering getting involved. Laura Simon, a wildlife ecologist there, mentioned the “bounceback effect”: does typically become more fertile after a herd has been reduced. “‘Deer will have twins and triplets after their numbers have been reduced,’ Ms. Simon said. ‘This is going to be a long-term, ongoing commitment from towns to try to keep killing deer every year, and then their numbers will pop right back up.'” ·
Mounting Anger on Deer Reduction Plan [EH Star] · All deer coverage [Curbed Hamptons]