Log In   ·   Become A Member
http://www.hamptons.com/gallery/ads/1190.gif

Real Estate In The Hamptons Is Cyclical Says Bill Williams of Sotheby's

Nicole B. Brewer

  |   3 Comments · Print Article

Bill's favorite listing right now is 380 Old Montauk Highway in Montauk. (Courtesy Photo)

Hamptons real estate agent Bill Williams, Senior Global Real Estate Advisor at Sotheby's International Realty in East Hampton, doesn't get surprised by the wild amenities in the Hamptons most amazing homes anymore, "It's truly crazy what some people will put in [their] homes, from bowling alleys to gun ranges." Never one to balk at a little extra effort for a client, Bill tells us that, "I once flew clients out to the Hamptons in a private helicopter from Philadelphia to see a property that had just came on the market. Before they got back on for the return trip, we had a $17,000,000 accepted offer."

Just before the rush of Memorial Day Weekend and the start of the Hamptons summer season we heard back from Bill with his thoughts on the state of the market.

Bill Williams, Senior Global Real Estate Advisor at Sotheby's International Realty in East Hampton. (Courtesy Photo)

Which towns/villages are the most sought-after right now?
BW: Amagansett has been very hot, especially the lanes. And Bridgehampton is seeing a lot of action also, especially close to the village.

Do you feel that the 'Golden Age' of East End real estate is over?
BW: Not at all. Real estate in the Hamptons is cyclical, like many other resort areas in the country. Professionals know how to ride out the slow times.

How have buyers/sellers changed over the past two years?
BW: Sellers have become more pragmatic, especially those whose properties have been on the market for more than nine months. Buyers have learned to be patient, and wait for the right time to make the offer. Together it is good for the market.

If "location" is the first rule in real estate, what is the second?
BW: Location. And the third is location. When buyers are looking for real estate, among the many factors that influence their decision are school districts, recreation and parks, view, proximity to village, etc. It all comes down to location.

What are the emerging trends in architecture?
BW: Modern architecture has become more and more prevalent in the past few years. We have some great local architects out here, such as Bates Masi, and New York based firms like Sawyer Berson.

What is an easy way to increase the value of a property?
BW: Information. Being able to tell a customer all important information about a property - lot size, coverage, surveys, zoning, comps - not only can increase value but also time on the market.

How important is 'staging' for a sale/rental?
BW: Critical. Staging makes all the difference in the world. I recommend it to all my clients whose homes lack furniture.

What is your forecast for the fall/winter real estate season in the Hamptons and North Fork?
BW: We should continue in a positive direction, the fall is a very active selling season in The Hamptons.

Tell us about one of your favorite listings on the market right now.
BW: My favorite listing right now is 380 Old Montauk Highway in Montauk. 1.5 ocean front acres with a small home pushed way forward on the lot, great panoramic views, plus it's flat, so building a new home here is just like building a home on Lee Avenue, just with better views.


Nicole, an award-winning journalist, is Executive Editor & Publisher of Hamptons.com where she focuses on celebrity interviews, fine living and design, social events, fashion and beauty. She lives on the North Fork with her husband, their two daughters, and Bernese Mountain dog, Cooper. www.hamptons.com HamptonsOnline NicoleBBrewer NicoleBBrewer NicoleBBrewer




Related Articles:


AquaHabita...

AquaHabitat from Tualatin says::
The modern style is fine. It will be increasingly important for style to blend with the surroundings if density rises. A structure that organically blends into its geography is more soothing to the eye. This all reminds me of a tour I took with a client who owned a remote parcel in the Sierra Nevada range. One of the neighbors had this shiny silver roof that insulted the eye of anyone within a mile of the home.
May 8, 2015 2:48 pm

Guest (license course real estate) from Singapore says::
Nice Info about real state. I like the method you begin and so conclude your thoughts. Thanks for this data .I really appreciate your work, keep it up.
Jan 17, 2014 1:59 am

Guest (vipin) from singapore says::
This is a real scoop for everybody. This is an interesting blog page. I do hope you could do some more post. Good job!
Nov 26, 2013 1:58 am

 

Submit Your Comment

Please note, you are not currently logged in. Your comment will be submitted as a guest.
To submit your comment as a member, please click here.
Your Name:
Location:*
Comments:*
* Comments will be reviewed and posted in a timely fashion
* All fields are required
Question:*
What color is a banana?
(For spam prevention, thanks)
 
 
 
http://www.hamptons.com/gallery/ads/1699.gif
http://www.hamptons.com/gallery/ads/1648.gif
http://www.hamptons.com/gallery/ads/1103.gif
http://www.hamptons.com/gallery/ads/1804.gif
http://www.hamptons.com/gallery/ads/1876.gif
Meg Salem-Saunders Real Estate
My Bio Broker Profile PDF Meg Salem's quick success in real estate speaks to her winning combination of strategic analysis of the market and insider knowledge of the Hamptons. Her skills honed during 17 years as a business development and marketing executive with such Blue Chip companies as Proctor and Gamble equipped her with an arsenal of keen negotiating skills, innovative marketing plans, and a seasoned sixth sense of what it takes to close the deal.

Gary R. DePersia, Corcoran Real Estate
Consistently ranked among the top producers in the Hamptons for the last 10 years, and a year-on-year member of The Corcoran Group Presidentís Council, in 2008 he was Corcoranís top broker on the East End by sales volume and rental units. Gary was also ranked as the nationís 4th top broker by sales volume with over $202 million worth of transactions in The Wall Street Journal and REAL Trends 2008 list of Top 250 real estate professionals. Qualifying as a national list maker since 2007, in 2013 he was again in the top tier with nearly $200 million of real estate transactions.

East End Tick Control
The East End's only New York State licensed dedicated tick and mosquito control specialists!

Bridgehampton National Bank
For over 100 years Bridgehampton National Bank has been the East End's hometown bank. Many success stories...one bank, BNB!

Jennifer C Wilson- Sotheby's International Realty, East Hampton, New York
As an East Hampton native, Jennifer brings to her business a robust local knowledge and a love for the ocean beaches and the historic villages and homes that surround the area. Since the start of her real estate career in 2007, Jennifer has consistently been a top producer.

Chess Camp in the Hamptons!
Coaches from Chess NYC will be in East Hampton with their unique and fun Chess NYC lesson plan and all participants, no matter their age or background, will learn and play the exciting game of Chess, guaranteed!

Advertise on Hamptons.com - Have your business be seen by over 16,000 of our elite members
Hamptons.com- Our exclusive online magazine has 2.5 million Page Views YTD for 2014. Our weekly Hamptons Weekly Newsletter has over 16,000 members in the New York Metro area and worldwide! Contact us to join our elite group of clients that benefit from having a presence on the Hamptons award winning publication www.Hamptons.com

Hamptons Carpet One Floor & Home
We pay less,and so do you.With over 1,000 stores in our buying group, we can get the lowest prices from the best flooring manufacturers ó and pass the savings on to you.Visit our other locations: Hamptons Carpet One Floor & Home, 675 North Sea Road,Southampton, NY 11968

Bayview Resort, formerly known as Sunset Bay Motel, is under new ownership and finishing up a complete renovation for the 2015 summer season!
Bayview Resort, formerly known as Sunset Bay Motel, is under new ownership and finishing up a complete renovation for the 2015 summer season! Our new facility features a brand new waterfront clubhouse and swimming pool surrounded by a newly landscaped yard with a walkway to the dock. Each of our 26 rooms has been sleekly remodeled and fitted with modern amenities to make your stay a pleasure.

Tick-Masters.com
A Family Owned and Operated Business. For over 20 years, Tick Masters has been protecting the East End of Long Island from pest infestations. Locally owned and operated, we know the specific pest control needs of the region, because we live and work here every day. We understand the need to balance how delicate the local environment can be, with how tough our local pests are to contain. Raccoons, termites, ticks and mosquitoes are just a few of the issues that East Enders face, and we're here and ready to tackle every one of them.

Rosehip Partners- Hamptons Rentals
Feature your home where savvy renters search for Hamptons Rentals. Benefit from Rosehip Partners superior technical platform and rental market knowledge. Hamptons Rentals are the most searched Hamptons real estate term on the Internet. Generate more inquiries. Rent your home faster.