Log In   ·   Become A Member

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 the sky?
(For spam prevention, thanks)
 
 
 
http://www.hamptons.com/gallery/ads/2003.gif
http://www.hamptons.com/gallery/ads/1889.gif
http://www.hamptons.com/gallery/ads/1977.gif
http://www.hamptons.com/gallery/ads/1948.gif
http://www.hamptons.com/gallery/ads/1979.gif
Gary R. DePersia, Corcoran Real Estate
With over $2 billion in transactions, Gary DePersia is consistently ranked among the top producers in the Hamptons. A year-on-year member of The Corcoran Group President’s Council, he has qualified as a national list maker since 2007. In the 2016 REAL Trends & The Wall Street Journal list of America’s top real estate professionals, he was designated #22 nationally and #5 in the Hamptons by volume with nearly $200 million of transactions for the past year.

Advertise on Hamptons.com - Have your business be seen by over 16,000 of our elite members
Hamptons.com- Our exclusive online magazine has 2.6 million Page Views YTD for 2015. 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 — and pass the savings on to you.Visit our other locations: Hamptons Carpet One Floor & Home, 675 North Sea Road,Southampton, NY 11968

Corcoran- Live Who You Are
Over 35 years, we haven't just been around the block. We've been around nearly every block of New York City. In 2003, we expanded into the Hamptons and South Florida. Today we are affiliated with over 1,900 independent agents, have 25 offices and sales that have reached more than $18 billion annually.

The Atlantic Team-Douglas Elliman
The Atlantic Team of Douglas Elliman, Justin Agnello, Hara Kang, and James Keogh represent the new generation of real estate professionals whose innovative marketing and sales strategies have helped fuel their extraordinary success despite their young age. With backgrounds in both business and technology, the team offers a definitive edge by incorporating Internet presence and social media in their marketing of some of the Hamptons' most coveted homes.

Evan Kulman Licensed Associate Real Estate Broker
With his renowned Kulman Team, Evan offers a top-notch level of service in the Hamptons market. Evan’s expertise and dedication are adroitly channeled into fulfilling his clients’ goals, whether they are renting, purchasing a first home, expanding a portfolio with a savvy investment, or seeking out a luxurious waterfront property.

Southampton Masonry-Visiting the Southampton or the Wainscott locations is an exciting experience.
Southampton Masonry has been serving Long Island's masonry and tile needs since 1975. Delivering quality products from Manhattan to Montauk for over three decades. The company's continued success is due primarily to their number one priority: customer satisfaction, with a promise of prompt and courteous service from the professional, knowledgeable staff. Southampton Masonry has the largest inventory on the east end. As direct importers they can offer a large variety of the finest quality products at the most competitive pricing for both your interior and exterior projects.

Despatch of Southampton
Despatch of Southampton has been moving homes locally on the East End for decades. We operate a well-maintained fleet of vehicles that can accommodate any size move. On a day to day basis we service moves from and to New York City.

Southampton Social Club-256 Elm St., Southampton NY The Best Late Night Dining Spots in the Hamptons
Southampton Social Club is available for all of your event needs. The venue features a wide variety of completely customizable menus from our award winning Executive Chef Scott Kampf, 3 Full Service Bars serving our Mixologist Crafted Cocktails, Indoor Dining in our Old World Inspired Dining Room, Lavish Outdoor Patio & 3000 Square foot Garden, South Beach Inspired Cabanas, with a Wide Variety of Different Entertainment options. 631-287-1400,

Naples Florida- Big Island Builders
Since 1999, Big Island Builders, a Naples and Marco Island premier custom home builder has designed and built inspired luxury homes. Our commitment and passion to build extraordinary homes and earn long-time personalized client/builder relationships guarantees that you will love your new home now, and forever more.