It’s the question I get asked most often and one I’m going to try to tackle. Take a look and if you have any questions, you know how to get in touch.
Summer is almost here and for many of us on the east end that means more people, more traffic and more stores and restaurants will actually be open. It’s like the first blooming onion , I mean Crocus of spring! A welcome sign to anyone who has experienced the anguish of trying to go out for dinner on a Monday or Wednesday night.
First it’s not a restaurant but Round Swamp Farm is back in action. The East Hampton, Montauk and Bridgehampton outlets all opened this past weekend. It wasn’t a moment too soon. My winter stock of frozen Chicken Pot Pies, Lisa’s Chocolate Chip Cookies and Mexican Layer Dip is completely depleted. BTW, last year I discovered their tortilla chips, and they are the best I’ve ever had anywhere! Seriously.
Speaking of excellent tortilla chips, Rita Cantina which was a breakout hit last summer will once again be serving their tortillas, margaritas and quesadillas beginning next Wednesday the 11th. According to their RESY schedule they’ll be open Wed – Sunday’s starting at 4pm.
One of the best things about the east end is being on the water. Luckily, we have some seriously awesome joints where you can dine while enjoying the bucolic waters of the Hamptons. In East Hampton there is only one restaurant that has killer sunset views along with killer food: Bostwicks on the Harbor – opening Thursday May 5th (Thursday – Sunday 5pm). I don’t think I ever had a bad meal there but the wait (no reservations) is sometimes a bit of a hassle. But when you see the sunset and tear into that tuna tartare, you’ll be in dining nirvana.
Another killer sunset view restaurant is Beacon in Sag Harbor. The same folks who keep you fed all winter long at Fresno in EH and Bell and Anchor in Sag Harbor will be opening their warm weather venue Wednesday May 11th. The home of my favorite Tuna Tostada and Lobster Rigatoni sits overlooking Sag Harbor Cove and has some spectacular sunsets. This place is a must for anyone who enjoys a casually chic dining experience with million-dollar views.
Finally, Duryea’s Beach Club in Orient Point and The Lobster Deck in Montauk will both be back in action in a few days. The Lobster Deck is opening on Thursday May 12th and Beach club in Orient on the 18th. Featuring favorites like the colossal Duryea’s Cobb Salad, extensive raw bar and Duryea’s Lobster Roll it’s no wonder this is one of the hottest spots for celebs (Think Jay-Z & Bey) and regulars (me) in the Hamptons.
So here’s to summer and hopefully I’ll see you all soon al fresco!
While the Hamptons often aspire to be a competitor for the bright lights of Broadway, this isn’t always a goal within reach. I’ve been told by many local parents and students that the productions at Wainscott Senior High School are must sees and “Broadway caliber productions.” Well, I’m here to tell you their lastest prouction of “A Chorus Line” is more deserving of a comparison to cafeteria Beef-A-Roni than an overcooked burger from Joe Allen’s.
For starters, the staging is clumsy and the choreography basic. Lead dancers, Sophmore Tiffany Smith and Senior Jim Flatley would be better dancing the Hokey Pokey than attempting their neutered version of “The Music and the Mirror.” Neither has the chops to be a lead dancer of anything let alone a “broadway caliber” production. They have two left feet in spades and I only hope that Mr. Flatley’s movements are better suited for his position on the Varsity Volleyball team.
One of my favorite numbers from the Broadway show is the funny and sexy “Dance 10, Looks 3.” But once again, this prodction failed to impress. Freshman Pamela Ferdyn tries her hardest to belt it out and impress as she pleads, “still on unemployment, dancing for my own enjoyment.” Yet, while she warbles we see her inevitable future. I give her credit for trying but all in all it’s dance 5, singing 3 and looks also 3. But it goes beyond Ms. Ferdyn’s performance and not entirely her fault. Chita Rivera and Kevin Kline couldn’t save this poorly directed production. Helpful hint to the staff at WSSH, don’t have the shop teacher direct the next spring muscial.
Now I don’t want to say everything about this production is terrible. The final musical number, the ubiquitous “One” is shortened to a manageable 1 minute. Also, the seats were comfortable and Luigi’s italian bistro across the street is offering a 30% dinner discount with every proof of torture/ticket stub. I recommend the chicken parmesean with a small caesar salad.
The show is playing only one more performance, tonight April 1st. April fools day. So I hope you enjoy your evening.
Want Top Dollar for Your House? Now’s the Time To List It.
When you’re selling any item, you usually want to sell it for the greatest profit possible. That happens when there’s a strong demand and a limited supply for that item. In the real estate market, that time is right now. If you’re thinking of selling your house this year, here are two reasons why now’s the time to list.
1. Demand Is Very Strong This Winter
A recent article in Inman News explains:
“Spring, the hottest time of year for homebuyers and sellers, has started early, according to economists. . . . ‘Home shopping season appears to already be in full swing!’”
And they aren’t the only ones saying buyers are already out in full force. That claim is backed up with data released last week by ShowingTime. The ShowingTime Showing Index tracks the average number of monthly buyer showings on active residential properties, which is a highly reliable leading indicator of current and future trends for buyer demand. The latest index reveals this December was the most active December in five years (see graph below):
As the data indicates, buyers are very active this winter. Last December saw even more showings than December of 2020, which was already a stronger-than-usual winter. And remember – you want to sell something when there’s a strong demand for that item. That time is now.
2. Housing Supply Is Extremely Low
Each month, realtor.com releases data on the number of active residential real estate listings (listings currently for sale). Their most recent report reveals the latest monthly number is the lowest we’ve seen in any January since 2017 (see graph below):
And don’t forget, the best time to sell an item is when there’s a limited supply of it available. This graph clearly shows how extremely low housing supply is today.
Even Though Supply Is at a Historic Low, Home Sales Are at a 15-Year High
According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), existing-home sales totaled 6.12 million in 2021 – the highest annual level since 2006. This means the market is hot and homeowners are in a great place to sell now while sales are so strong.
NAR also reports available listings by calculating the current months’ supply of inventory. They explain:
“Months’ supply refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace.”
The current 1.8-months’ supply is the lowest ever reported. Here are the December numbers over the last five years (see graph below):
The ratio of buyers to sellers favors homeowners right now to a greater degree than at any other time in history. Buyer demand is high, and supply is low. That gives sellers like you an incredible opportunity.
If you agree the best time to sell anything is when demand is high and supply is low, let’s connect to begin discussing the process of listing your house today.