Northfork Properties

The Evaporating Value of Real Estate in the Hamptons

Posted on Monday September 17, 2018 3:14 AM
by Joseph Kazickas No Comments »

It’s clear, though few speak of it, while everyone in the trade is slowly facing up to it, that the value of real estate in the Hamptons has been evaporating over the last year and a half. The clearest evidence of this value erosion is found in the growing number of listed properties that have […]

The Hamptons Real Estate Industry Abandons RealNet With A View To Saving Money

Posted on Saturday December 3, 2016 7:34 PM
by Joseph Kazickas Comments Off

What many real estate brokers had secretly hoped for, is now happening. In an effort spearheaded by the 5 largest real estate brokerages in the Hamptons, a new data management system is being rolled out, finally breaking the industry free from the grip, and outrageous expense, of the incumbent platform known as RealNet. The packaging […]

2016 – A Hamptons Rental Season That Disappointed Many – Especially The Middle Men

Posted on Friday October 21, 2016 10:21 PM
by Joseph Kazickas Comments Off

A changing Hamptons rental market may be impacting brokers more than owners.

Desperate Times in the Hamptons – Real Estate Agents Push Rentals

Posted on Monday May 23, 2016 2:23 AM
by Joseph Kazickas Comments Off

For the moment, at least, the mood among players in the Hamptons real estate market has turned negative. Brokers have been openly avowing a slow down in the market place and the data confirms it. Sales on the East End of Long Island are down year over year. But another interesting thing is happening, observable […]

Catching up on the Hamptons Real Estate Market

Posted on Saturday February 6, 2016 8:36 PM
by Joseph Kazickas Comments Off

It has been several months since we lasted posted on our favorite blog, and a lot has happened on the East End. After a glorious 2015 summer, fall and early winter the calendar has flipped us into 2016 and we start back at zero. Shaking the market in 2016 is new entrant Compass. The “technology […]

A Showdown Over The Proposed Rental Registry Law Looms In East Hampton Town

Posted on Sunday October 25, 2015 5:57 PM
by Joseph Kazickas Comments Off

East Hampton Town’s proposed Rental Registry Law is hanging over the local economy, homeowners who rent, tenants, and the real estate industry, with a showdown in the works among disparate interests. The next public hearing is scheduled for November and rest assured that the people will speak. An already large constituency of rental home owners […]

The Case Against Exclusive Rentals

Posted on Wednesday July 15, 2015 7:16 PM
by Joseph Kazickas Comments Off

In the last year or so we have seen a smattering of “exclusive rentals.” Exactly as the term implies, an exclusive rental is a rental property wherein the owner has designated a real estate agent to act as his exclusive representative in any negotiations surrounding a possible rental transaction. In essence, a real estate agent […]

Hamptons Rentals – Market Recap

Posted on Wednesday June 10, 2015 8:45 PM
by Joseph Kazickas Comments Off

As we move through June and rental enquiries begin to ebb we can pretty much come to the same conclusions about the Hamptons rental market as we usually do this time of year: we are in a market which is chronically over-supplied, relative to demand. For our part our rental volume has increased year over […]

2015 Hamptons Rental Market Turns Uneven

Posted on Saturday April 25, 2015 5:03 PM
by Joseph Kazickas Comments Off

As we move deeper into the 2015 rental season in the Hamptons, the market seems off balance, with many properties still unrented. Top producing agent Diane Shiffman of Rosehip Partners, feels the market may have overpriced itself, as opposed to suffering from slack demand. Unfortunately there is no centralized data management of the Hamptons rental […]

Hamptons Rentals Unaffected By Snow And Ice

Posted on Wednesday February 18, 2015 5:26 PM
by Joseph Kazickas Comments Off

Heavy snowfall on the East End of Long Island doesn’t appear to have affected the strong momentum evident in the 2015 Hamptons summer rental market. Despite the bitterly cold weather and drifting snow, rental customers are still making the trek out east to choose a rental property for the coming summer season. As has been […]