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East End Real Estate Market is Booming! Sales for 2013 Up 61% Since 2011 - to $4.5 BILLION

George Simpson

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Designed for both living and entertaining, this beautifully constructed builder's home is sited on a manicured 2.4 acres in Wainscott. Listed for $2,850,000 by Meg Salem of Saunders. (Courtesy Photo)

• According to George R. Simpson, President of Suffolk Research Service, Inc., the real estate market on the East End of Long Island is "BOOMING". Up 61% in sales since 2011, to $4.5 Billion. For single family residences, Median Price is up 4.2%, Unit Sales are up 57.5%, and Dollar Sales up 44.8% over 4th Qtr 2012 figures. • Median price, unit sales and dollar sales are all substantially up over the third quarter of 2013. Median Price changes for the 4th Qtr 2013, vs 4th Qtr 2012 were UP in four out of the five East End towns. Only the Town of East Hampton experienced Median Price decline. Unit sales increased in all 5 towns of the East End 4th Qtr 2013, compared to 4th Qtr 2012. Dollar Sales this quarter surpassed Dollar Sales in 2007, rising to $1.466 Billion. Dollar sales increased in four out of 5 towns of the East End 4th Qtr 2013, compared to 4th Qtr 2012. Only the Dollar Sales in East Hampton dropped -- 0.8%. Southold (up 110% from 4th Qtr 2012), Riverhead (up 77% from 4th Qtr 2012), and Southampton (up 72% from 4th Qtr 2012) are the strongest performers in Quarterly sales
EAST HAMPTON TOWN
11930 - AMAGANSETT
To From Price Address
Sarnoff, S & G Daly, J 2,450,000 16 Acorn Pl
Danzig, M & A Ferolito, L & K 1,850,000 133 Central Ave
11937 - EAST HAMPTON
To From Price Address
Deroche, J & S Konzet, K 1,595,000 166 Waterhole Rd
Miller, G Trust Barker,C&Christensen 780,000 102 Talmage Farm Ln
Dalton, P Carr, M 725,000 304 Old Stone Hwy
Lado, D Warrenburg, K 499,000 6 Howard St
Mahajan, U & S Tursi, C 1,500,000 9 Quarty Ct
Fischer,J & Caputo,G JTM Realty Inc 475,000 12 Prospect Blvd
Frohlich, W & P EastHillPropertiesII 450,000* 4 Coronet Ln
DeSantis,D &Baxter,M Teevan Jr, M & S 1,162,500 5 Holly Pl
Chai, L Brand, W 1,247,000 46 Osborne Ln
DePalma, B Adams, M Trust 2,950,000 82 Pantigo Rd
11954 - MONTAUK
To From Price Address
Silverman, B & K Garcia, F 425,000 23 Fort Pond Rd, Unit 14
King,R & Cicalese,R Weimar, C 850,000 30 Fairlawn Dr
11975 - WAINSCOTT
To From Price Address
Maguire, T&D Trusts Morgenstein, L & S 999,999 20 Rolling Woods Ct
Grossman, T Halio, R & S 907,000 29 Georgica Woods Ln
Scherma,T & James,A Meyers, R 3,300,000 4 Windsor Ln
RIVERHEAD TOWN
11792 - WADING RIVER
To From Price Address
Juliano, M Eichhorn, M by Exr 215,000 95 Overhill Rd
Bourguignon, W & M Bellino, J & C 475,000 156 Meadow Path
11901 - RIVERHEAD
To From Price Address
Bodson, M Dolan Jr, J by Admr 380,000 10 Sebastian Dr
4670 Rte 25 LLC 4470 CalvertonRealty 1,400,000 4470 Middle Country Rd
Bujdoso, E Tse, R & K 252,500 41 Blueberry Commons
SHELTER ISLAND TOWN
11964 - SHELTER ISLAND
To From Price Address
Bailey, P & D Kelly, J 360,000 16 Bowditch Rd
Roe, T Macintosh, C 690,000 1 Pennys Path
SOUTHAMPTON TOWN
11901 - RIVERHEAD
To From Price Address
Sindhu, M Judson, W 100,000 16 Maynard St
Smith, E County of Suffolk 68,000 3 Old Quogue Rd
Summerlin, R Tomaino, S 149,500 19 Wood Road Trail
Hudson, K Mione, L 200,000 61 Albany Ave
EAST HAMPTON TOWN
11930 - AMAGANSETT
To From Price Address
Helie, M County of Suffolk 120,000* 910 Montauk Hwy
SOUTHAMPTON TOWN
11932 - BRIDGEHAMPTON
To From Price Address
Butter Lane Farm LLC Ross Institute 650,000* p/o 739 Butter Lane
LJARJ, LLC Ross Institute 1,000,000* p/o 739 Butter Lane
Birchwood Lane Bridg Blue Crab LLC 322,500* p/o 59 Birchwood Lane
Birchwood Lane Bridg Blue Crab LLC 322,500* p/o 59 Birchwood Lane
Birchwood Lane Bridg Blue Crab LLC 322,500* p/o 59 Birchwood La
Birchwood Lane Bridg Blue Crab LLC 322,500* p/o 59 Brichwood La
Brichwood Lane Bridg Blue Crab LLC 322,500* p/o 59 Birchwood Lane
Birchwood Lane Bridg Blue Crab LLC 322,500* p/o 59 Brichwood La
Birchwood Lane Bridg Blue Crab LLC 322,500* p/o 59 Brichwood La
Vandura, J & K Halsey, P 1,100,000 176 Lumber Ln
11941 - EASTPORT
To From Price Address
Mancuso, M Hood, T 400,000 433 Montauk Hwy
11946 - HAMPTON BAYS
To From Price Address
SouthShoreDevelopmnt Lehmann, E & R 120,000* p/o 19 Bittersweet Ave
Mulvey, J & J Rego, A & T 995,000 53 Channing Cross
Balducci, A Ciliberti Jr, M & S 350,000* 8 Quail Run
Schiffrin, S & R King, J & J 600,000 38 Aberdeen Dr
Fialkovskiy&Kurovska Latona, P 477,500 13 Easterly Rd
Federko, D O'Shaughnessy, C 219,000 9 State St
Andrews, L Skala, G by Exr 305,000 16 Yale Dr
Michon, T & D Kelley, E 360,500 51 Foster Ave
11959 - QUOGUE
To From Price Address
Tornetta,M & Nazar,J Crowley&ClaudeCrowle 812,500 47 Midhampton Ave
11A Dune Rd LLC Long, C 4,300,000 11 A Dune Rd
Doscas,W &Swanson,S Ponturo, A 2,950,000 11 Dune Rd
11960 - REMSENBURG
To From Price Address
Watt,W & M Murphy, J & J 1,500,000 15 Laila Ln
11962 - SAGAPONACK
To From Price Address
Heins, R & C Paperin, S & J 4,500,000 90 Farmview Dr
675 Hedges Lane LLC Dowden, C & E 7,150,000 675 Hedges Ln
11963 - SAG HARBOR
To From Price Address
Mintz, W Krup, F 1,900,000 31 Clearview Dr
Terwilliger,M &Weick Latronica III, V 965,000 25 Shadyrest Dr
Slattery, G & P Stuckart, W 695,000 21 Wildwood Rd
Pantina, R Minerley, B&J Trusts 525,000* 259 Harbor Watch Ct
Steinke, J & S O'Bryne, A 1,185,000 36 Mashomuck Dr
Harkin, D & N Klopfer, B 1,650,000 32 Coves End Ln
Sobey, S & J Hewitt, S 925,000 227 Redwood Rd
Jenkins, J Vila,B & Mulcahy,K 950,000 289 Madison St
11968 - SOUTHAMPTON
To From Price Address
Germain, A & J Kobalka, P & M 1,265,000 11 Dorset Rd
Nardy, M Van Houten, W & N 624,000 111 Shore Rd
Armusewicz, B & M Hildreth, C 600,000 560 North Magee St
Hall, J Perkins,F &Hoak,W.Mc 2,000,000 746 David Whites Ln
Murray, M US Bank National 400,000 76 Ridge Rd
Reecam Holdings, LLC Chiarani, P 2,750,000 51 Pond Ln
Crease PropertiesLLC Roller, J 535,000 16 Windmill Ln
259 South MainSt A&B Bruno, M 14,000,000 259 S Main St &lot 22
201 Lewis Street LLC Papka, B & Y Trusts 3,750,000 201 Lewis St
140 Meadow Lane LLC Salt Box Limited Prt 23,000,000 140 Meadow Ln
11976 - WATER MILL
To From Price Address
U & Me Homes, LLC Wild Orchid Farm LLC 1,400,000* 948 Deerfield Rd
U & Me Homes, LLC VXA LLC 1,800,000* 936 Deerfield Rd
11977 - WESTHAMPTON
To From Price Address
Jenks, S Davis, M 207,000 3 Lincoln St
Smith, B & T Murphy, J 1,100,000 31 Shore Rd
11978 - WESTHAMPTON BEACH
To From Price Address
Parini,M & Jani,S Gugick, L & S 1,287,500 18 Tuttle Pl
Meyer Jr, D & J Fullam, C 825,000 129 Point Rd
Hermanus LLC Rothman, M 9,950,000 113 Dune Rd
Hermanus LLC Katz, J & A 375,000 118 Dune Rd, Unit 7
SOUTHOLD TOWN
11935 - CUTCHOGUE
To From Price Address
Skunk and Main LLC Byer, P 515,000 55 Skunk Ln
Lebel, R & D LeBoutillier,J byExr 503,000 1755 Evergreen Dr
County of Suffolk Dawson,J & Holland,M 262,500* 1950 W Creek Ave
Teicher, S Miller,M&E &Kaplan,E 1,600,000 6825 Nassau Point Rd
11939 - EAST MARION
To From Price Address
Ruigrok,C &Giacalone Magen, T 1,599,000 610 The Strand
11944 - GREENPORT
To From Price Address
Corazzini III, P & R Zeller, J by Exr 258,700 280 Madison St
Koroglu, K & M Tedaldi at Tidemark 355,000 61475 CR 48, #C201
Thompson, M Meenan,C & Makin,D 560,000 122 North St
Greenport GardensLLC ProgressiveHousingCo 920,000 Ludlam Pl
Olinkiewicz, J Hahn, H 217,000 Third St
Greenport GardensLLC ProgressiveHousingCo 1,340,000 Ludlam Pl
11948 - LAUREL
To From Price Address
Grefe,J & Shaw,C Prokopich, B & S 417,400 50 Route 25
11952 - MATTITUCK
To From Price Address
McBride, F & L Brannon, S & D 375,000 1145 Elijahs Ln
4055 Hallock LaneLLC Rizzo, J 1,200,000 4055 Hallock Ln
Nofoland, LLC Wolczok,M &Aloisio,J 120,000* 1830 Sigsbee Rd
11957 - ORIENT
To From Price Address
McPhee, T Augustine,R&Breuer,Y 405,000 50 Three Waters Ln
11971 - SOUTHOLD
To From Price Address
Nugnes, F & B Lopresti, D & P 225,000 50830 CR 48
Shebitz, A & S LaChance, D 775,000 630 Ruch Ln
Evans, U Wilcenski,J&Bishop,G 360,000 115 Hobart Rd
Witzke,D&Sinning,N Prince, W 480,000 1165 Founders Path
Halsey,P & Bliss,S Nadel, E & I 925,000 3470 N Bayview Rd
1275 Cedar Beach LLC TFC LiquidatingTrust 415,000 1275 Cedar Beach Rd


Source: Suffolk Research Service, Inc., Hampton Bays, NY 11946
* -- Vacant Land


George Simpson is the President of Suffolk Research Service, Inc., a division of Office Management Systems Corp (OMS). OMS specializes in software products for Real Estate professionals. Most notable is their Appraise@ software. www.suffolkresearch.com




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Guest (Tyler) from Amagansett says::
Is this supposed to be a good thing? We have plenty of more traditionally important markets that are being damaged by development. Why don't they report on declines in local fishing due to algae blooms from so many people living on the water? We need to protect long-term industries, not quick bucks that end up bringing in people who don't understand our ecosystems. Hamptons.com is so heavily funded by real estate businesses that it really is not funny.
Feb 17, 2014 9:51 am

 

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