In the not too distant past, the bucolic Peconic Bay Region of Eastern Long Island virtually shut down for the winter. Stores on Main Street, except those necessary to sustain life for local inhabitants like the grocery and drug stores, closed their doors. The Hamptons summer residents went elsewhere. In recent years, we have seen that change. While still primarily a "second home" region, people are staying longer and coming out more frequently enjoying the fall and spring bumper seasons as never before.
Is real estate in the Hamptons a seasonal business? Not if you ask real estate professionals doing business in the Peconic Bay Region.
Andrew Stype Realty, Inc., established by Val W. Stype and now headed up by Andrew Stype, real estate broker and appraiser, is celebrating its 50th Anniversary of doing business in Mattituck on the region's North Fork. His wife Barbara, and daughter Erica, are also in the business with him.
I presented this question to Andy, as well as two South Fork brokers. Is real estate in the Hamptons a seasonal business? "Real estate is a year-round business," Stype says. "The old thought of listing during the spring season now means losing out on buyers ready to go now! Many buyers who missed out during the year are more than ready to buy now and sellers frustrated at not selling their homes are usually offering competitive prices."
Lawrence Ingolia, Associate Broker with Sotheby's in Southampton, agrees, "The real estate market on the East End never sleeps. Each season brings its own opportunities, especially the fall months which are particularly busy. Lots of buyers take advantage of the beautiful weather to find their dream house. The market tends to hibernate in December and January, which is when we refine our sale and rental listings, update ad copy, and take new photos."
"We are anticipating brisk rental and sales demand this winter and into the spring of 2015," say Lois and Peter Moore, husband and wife team with The Corcoran Group
in East Hampton. "With anxiety levels high due to the turmoil in the Middle East coupled with serious health threats around the world, we are experiencing a kind of bunker mentality, similar to what we witnessed after 9/11. We have heard from both renters and buyers that they are accelerating their searches as a result of a conscious decision to keep close to home."
Stype added, "Two problems are people leaving for winter climates and weather conditions such as abundant snow storms. But whenever a very competitive home comes on the market, savvy buyers know when bargains are available and are able to act quickly."
"Come February we pick up with renters coming out for the first dibs on the best houses within their price point," says Ingolia. "We also have buyers who want to purchase, do some renovation work, and be in for the summer."
The Moore's sum it up nicely, "Lois and I have virtually sold all our listings. We are issuing an 'all points-bulletin' for good listings. We are preparing an ad with a blank photo spot with the words
, 'Your house here.' Know anybody thinking of selling their home?"
John is a St. John's University graduate, licensed Real Estate broker, DOS Certified Instructor, lecturer, teaches real estate license classes at Cook Maran Real Estate School, and is a well-respected consultant to the real estate industry. He previously taught at LIU and NYU. www.johnaviteritti.com
East End Tick Control
The East End's only New York State licensed dedicated tick and mosquito control specialists!
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
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.
CP Complete- Landscape Design & Construction
Paul Guillo And Chris Hall
Two Of The Most Respected Names In The Community
Together, they are partners in CP Complete. They bring their years of experience
and integrity to creating and renovating luxury backyards.
Hamptons luxury real estate specialist for 33 years, Andrea Ackerman offers outstanding expertise in the field.
Hamptons luxury real estate specialist for 34 years, Andrea Ackerman offers outstanding expertise in the field. Trusted, experienced and successful, Andrea has solidified herself as the go-to broker of the Hamptons and a wholehearted advocate for her clients. A pioneer in the real estate industry on the East End of Long Island, she is driven by her passion for the business. Andrea is based in the Bridgehampton office of Brown Harris Stevens as a licensed real estate associate broker and consultant.
Formerly, a principal partner and Senior Director at Brown Harris Stevens, Andrea now assists in developing their corporate strategy for the Hamptons region, advising other brokers and sales associates, as well as being one of the top producers and listors.
Southrifty Drug 54 Jagger Lane, Southampton Village
Southrifty Drug is a small, neighborhood pharmacy with limited shelf space, and we have to be very selective about which over-the-counter items we carry. As a result you'll find a no nonsense concentration of very effective, high quality and useful products on our shelves. In this new section, we feature a number of these products that we feel are especially worthy of your consideration.
Burner Law Group, P.C.
Burner Law Group, P.C. are full service elder law attorneys concentrating in the areas of Estate Planning, Trust and Estate Administration and Litigation, Special Needs Planning, Guardianship and Elder Law. Offices in East Setauket‚ NY, Westhampton Beach, NY, and New York, NY.
Calissa is Mykonos in the Hamptons.
Our menu focuses on seafood and Greek dishes such as salt baked fish, seafood pasta and Mediterranean mezze. Our wine list has been awarded The Award of Excellence from Wine Spectator and boasts the largest selection of rosé in the Hamptons. The name Calissa is derived from the brightest constellation in the summer sky.Our sister restaurants in New York are Amali and Bar Marseille, opening 2020 in the Rockaways. Calissa offers private dining spaces for groups from 10 to 300 people. To plan your next wedding, corporate event or gathering, please email firstname.lastname@example.org. 1020 MONTAUK HIGHWAY, WATER MILL
WordHampton Public Relations
We build client revenues and reputations.
Our reputation is built on delivering a strong media presence and, as a result, demand for our clients' offerings, resulting in a positive impact on sales. Successful campaigns start with understanding the goals of our clients and developing a customized strategy that will achieve those objectives.
Big Brunch Box-delivered in The Hamptons
BIG BRUNCH BOX. Your favorite gourmet brunch foods for weekend eating with friends and family, ordered with ease and conveniently dropped at your doorstep in The Hamptons every Friday with fanatical attention to quality.
Long Island Cares, Inc.
While distributing nutritious food to our Nassau and Suffolk County neighbors is the heart of Long Island Cares, we’re more than just a food bank. We’re one of the region’s most comprehensive hunger assistance organizations, and there are many other ways we can help you and your loved ones.