FERRIS SAID BEACH PERMITS ARE GOING FAST!

Almost as coveted as a
Covid vaccine!

So East Hampton Village beach passes went on sale just a few days ago.   So, how is it going?   Um, it’s sick. My best friend’s sister’s boyfriend’s brother’s girlfriend heard from this guy who knows this kid who’s going with the girl who saw Ferris at 31 Flavors last night and he said they sold a crazy number of passes already. So,  I guess it’s pretty serious.     According to the friend of Ferris, 2500 beach passes were gone after only two days of sales.   In a normal year, that number would be closer to 200.   So if you’re looking forward to sunning in the sands of any of the village beaches, you better run to Village Town Hall (86 Main St., East Hampton) with your license, registration or check and get your permit.  You can also try going on line by clicking here:

https://easthampton.permits.basgov.com/

Meanwhile, the real estate market is expected to do very well in 2021, with mortgage rates that are hovering at historic lows and forecasted by experts to remain favorable throughout the year. One challenge to the housing industry especially here in the Hamptons, is the lack of homes available for sale today. Last week, the National Association of Realtors (NAR) released their Existing Home Sales Report, which shows that the inventory of homes for sale is currently at an all-time low. The report explains:

“Total housing inventory at the end of December totaled 1.07 million units, down 16.4% from November and down 23% from one year ago (1.39 million). Unsold inventory sits at an all-time low 1.9-month supply at the current sales pace, down from 2.3 months in November and down from the 3.0-month figure recorded in December 2019. NAR first began tracking the single-family home supply in 1982.”

What Does This Mean for You?

If You’re a Buyer:

Be patient during your home search. It may take time to find a home you love. Once you do, however, be ready to move forward quickly. Get pre-approved for a mortgage, be prepared to make a competitive offer from the start, and know that a shortage in inventory could mean you’ll enter a bidding war. Calculate just how far you’re willing to go to secure a home and lean on your real estate professional as an expert guide along the way. The good news is, more inventory is likely headed to the market soon, Lawrence Yun, Chief Economist at NAR, notes:

“To their credit, homebuilders and construction companies have increased efforts to build, with housing starts hitting an annual rate of near 1.7 million in December, with more focus on single-family homes…However, it will take vigorous new home construction in 2021 and in 2022 to adequately furnish the market to properly meet the demand.”

If You’re a Seller:

Realize that, in some ways, you’re in the driver’s seat. When there’s a shortage of an item at the same time there’s a strong demand for it, the seller is in a good position to negotiate the best possible terms. Whether it’s the price, moving date, possible repairs, or anything else, you’ll be able to request more from a potential purchaser at a time like this – especially if you have multiple interested buyers. Don’t be unreasonable, but understand you probably have the upper hand.

NEW CHIEFS AND CHEFS FOR INDIAN WELLS TAVERN!

THE FINAL POW WOW IS AROUND THE CORNER FOR INDIAN WELLS.

The wagons have circled and it looks as though changes are a comin’ to Indian Wells Tavern in Amagansett. What is easily one of the most popular watering holes around will be shuttering its doors at the beginning of March. From what I’m told the Main Street location is in for a slight make over as the team behind Highway Restaurant takes over the reigns. The new establishment will allegedly stay pretty similar to the current “tavern” menu but with a slightly “higher end” flair. According to sources, (sources LOL, it almost sounds like I’m a real blog!) staff of the Tavern was told of the changes earlier this week. I only hope that with these changes current owners Kevin Boles and Chris Eggart carry their Wednesday Fajita Nights to either Bostwick’s locations.

Meanwhile on another night… I mean note…. it’s that time of year. Yes, permits for East Hampton Village beaches are now on sale. Every year I tell folks to do it early and EVERY year I hear how they ran out and you have to actually ride your bikes to the beach. The 3,100 permits usually run out around late March so get on it! You can click here to get all the details and apply for your permit online.

One word of caution for anyone who gets a permit. Last year I had damaged my license plates and had to get new ones with a new number. MISTAKE! I forgot my beach permit has the license plate number written on it and got a hefty $200 ticket. I tried to fight it but after two emails and one written letter I gave up. Learn from my mistake… you’re welcome.

FINAL THOUGHTS…. Why are there telephone poles on Wireless rd.?

EH VILLAGE BEACH PASS UPDATE… & MY LIFE BEHIND BARS!

I can feel it!  The days are longer and the weekends are getting a little more crowded with city folk looking for their summer retreat.     So while we all enjoy the re-leaf of spring and increasing temperatures, it’s actually time for beach lovers to think about Summer!   Yep, those coveted East Hampton Village beach passes have been on sale for a

beachpermit17b.jpg
2019 EH VILLAGE BEACH PASS

while now and the supplies are running low.   According to the folks at the Village Clerk’s offices there are currently less than 200 still available for the Summer ’19 season.   But don’t panic if you can’t make it out here to pick up your sticker.    You can go online and purchase your pass.     If you need the link, click here.    Remember, you need the pass to legally park at village beaches after 9 am to 4pm from May 15th to September 15th.   I know with the cold damp weather it might not seem like it,  but summer is approaching faster than you know.

Sometimes you really wanna go where everybody knows your name.   One way to ensure that will happens is to get in on what more and more Hamptons homeowners are discovering, bars are the new media rooms.   Yep, you heard me right!    It’s something I discovered for myself a few years ago when my partner and I bought our “spec” house in East Hampton.     In the family room was a big, bulky and industrial looking wet bar.   It felt like my college pub without the brokgreenhollowbaren glass and funky smell.    My first thought was to pull the sucker out but after our first get together we noticed this had become the focal point for the party.    Eventually, we renovated and changed the bar to its current state (pictured) where it is still the place everybody hangs!    It really makes entertaining fun and apparently I’m not the only one who think so.   In just the past few months I’ve listed homes both new and old with expansive set ups; wine fridges, sinks, dishwashers, ice machines, etc.    But most important of all buyers are looking for homes that have these entertaining centers.   I guess it’s all part of what author Faith Popcorn called cocooning.  Home is the place to be and people enjoy bringing the outside world into their homes.  Now if I could only get my dog to change his name to Norm.   Below some of the more impressive  (but far from the only) bars currently on the market.  It’s a far cry from that 1970s basement version with the budweiser light and shag carpet.

Lower Level entertaining at 633 Hedges Lane, Sagaponack.  $9,995,000.  Listed by Douglas Elliman… yours truly!    Click for more details.

633_Hedges_Lane__Sagaponack_(10)

Arts and Crafts coolness at 44 Little Noyac Path, Water Mill.   $5,950,000.   Listed by Douglas Elliman Joe Piccininni  Click Here for more. 

JoeP

Rooftop cocktails at 6 Union Street, Sag Harbor.  $7,495,000.   Listed by Compass Kathy Zappola & Scott Strough.  Click here for details.

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CHEERS!!!

 

WHAT HAPPENED TO THE SUMMER RENTERS… PLUS HOW TO PLAN FOR YOUR NEXT HAMPTONS BEACH PARTY!

Summer ’15… few takers?

As we come to the end of the summer of ’15, there seems to be a reoccurring topic of conversation among home owners, agents and pretty much everyone.    “Was it a good rental season?”   Well the answer in a nutshell is “no.”    In fact, I have had a number of homeowners ask me, why their home didn’t
rent.   If you’re one of the many who’ve uttered those words you’re not alone.   I’m not sure if it was because of all of those short term rental sites or more folks are buying and building.  I’ve heard both theories.  What I do know… in the opinion of this humble agent was it was not as active as years past.   But it wasn’t just me.  In fact, I meet monthly with a group of about 25 top agents from a cross section of all the real estate companies and regions.   At our last get together someone raised the question, “who thought this was a good rental season?” Unfortunately not one person raised their hand.   What I think this means is next year, look for an adjustment in some prices and landlords being a bit more accommodating in cutting a deal.   If you found otherwise, feel free to let me know.

One of my favorite things to do this time of year is to hit the beach in the early evening with some friends and enjoy the sand, the fresh air and the surf… and I don’t mean on your smartphone.   You only have a few weeks left of Summer ’15 so here’s one way to make it special.     But before you lug your blankets, food and friends Wiborg or Fowler, make sure your know the rules.   Hello?!  Like you didn’t think there were rules…. it’s the Hamptons, there are rules for everything.

There better be a container under there!?

In case you haven’t been paying attention, new laws went into effect that require beach fires in East Hampton town be lit in a metal container, similar laws were already in effect for Southampton and East Hampton village.   In Southampton Village, you need a permit  to light a bonfire.   For the most part no permits are necessary on the other beaches but as I said, you need to clean up… keep it contained… and have some buckets of water handy.   You’re of course responsible for putting out the fire and cleaning up afterwards.   Also, don’t try to light that fire before 6pm, it’s a no-no.

As for a little Rose for that perfect summer beach dinner party, you’ll need a permit if you’re inviting over 50 people.    Also, open containers of alcohol are prohibited across the board but you can get a special permit for catered events and parties.   Pets are also allowed after 6pm at most beaches.   If you want more information for each local town… check out the links below and have fun.   But remember, not too much fun it’s the Hamptons.

EAST HAMPTON TOWN
EAST HAMPTON VILLAGE
SOUTHAMPTON TOWN
SOUTHAMPTON VILLAGE