Northfork Properties

1st Quarter Market Report

 
Posted on Saturday April 16, 2011 2:21 AM
by Joseph Kazickas Comments Off

Eastendlistings.com recently released market data for the 1st quarter 2011 with a somber rejoinder, “Not good news.” But the report deals with past, not current, activity. Based upon our observations it may not be so bad today as recent history suggests it might be. Read the report here.


LIBOR – Advertising on Local Radio

 
Posted on Thursday April 14, 2011 1:48 AM
by Joseph Kazickas Comments Off

Here’s an interesting one. The Long Island Board of Realtors takes an initiative. More later…


The Challenge of Data Integrity

 
Posted on Thursday April 14, 2011 1:29 AM
by Joseph Kazickas Comments Off

The rental season is approaching it’s peak. It is a time when the availability status, and pricing, of rental properties changes by the minute, creating frustration among all stakeholders. From the broker who spends valuable time confirming the accuracy of the data available to him, to the homeowner frustrated by multiple calls from agents asking the same thing, over and over. And, finally, to the consumer who, when confronted with conflicting information on the Internet, doesn’t know what to believe.

It seems that 20% of the transaction value, rather than the customary 10%, would be a fair price to pay for a solution to this perennial problem.

Where’s the solution? The solution lies in a clearing house structure accessible to the the focus point of both the consumer and the real estate agent, namely the homeowner. Only the homeowner possesses the knowledge that can put an end to the chaos in a market hyper-critical to the Hamptons real estate industry.

Rosehip Partners has risen to the challenge with it’s website, hamptonsrentals.com, an interactive Internet destination that offers owners, brokers and tenants a viable solution.

Everyone benefits from good data integrity. And it doesn’t have to come at 20%. In fact it’s free.


Press Newspaper Group Update

 
Posted on Sunday April 10, 2011 1:30 AM
by Joseph Kazickas 1 Comment »

We are 100% convinced that George Simpson would wish for his campaign against our friend Joe Louchheim be advanced. And so, in everyone’s interest, we’ll indulge him. Check it out. But George, bringing the kid’s into it might be setting a new low.


Rental Update

 
Posted on Sunday April 10, 2011 1:05 AM
by Joseph Kazickas Comments Off

If you are looking for a rental it’s almost past time to get off your lazy butt. We have a wonderful new client with a great strategy…
June is a wash month. With a little work you can find a June rental for a fraction of it’s MD/LD cost. Our client hopes to find a July/LD after securing his early season rental, at a huge discount to it’s season (MD-LD) value. But good luck for the rest of the summer.
Inventory is being quickly consumed. Rosehip Partners, with our innovative website, hamptonsrentals.com, isn’t the only company doing deals. You can save money in the short term, but for the balance of the summer you might find yourself re-thinking a great plan on paper, while steaming away your weekends in Greenwich.


Where, exactly, does she stand?

 
Posted on Saturday April 9, 2011 12:50 AM
by Joseph Kazickas 1 Comment »

Our friend, and owner-manager of one of the larger local brokerages, respected and admired for her brains and acumen, throws us for a loop. Her firm, with offices throughout the area, draws a line at the Shinnecock Canal. She, as well as the other major real estate operators on Long Island’s East End, have structured their firms to take advantage of MLS where it is embedded, and to evade it where it isn’t. So when we recently spoke with her about hamptonsproperties.com, a website committed to information flow, we became concerned that it was so easy for her to take a conflicting position when it came to the best interests of her clients.
In today’s real estate market, regardless of values, or location, every tool should be used to promote and sell. But hoarding the high end, to the detriment of the median by not using the MLS tool, is shameful. One shouldn’t worry so much about making money that they should find themselves speaking with forked tongue.


Catching up…

 
Posted on Sunday April 3, 2011 4:36 PM
by Joseph Kazickas Comments Off

It doesn’t happen often.

Like tsunamis don’t happen often.

But every so often you see something really memorable in the real estate business. And this listing is one of them. At $55 million it speaks volumes about it’s owner.

The Master Bath

Now here's an Entry Hall

Make yourself at home!

The guest house to the left (west)? Available separately for $20,000,000...

Interested? Please contact Rosehip Partners for further information.


Wainscott Oceanfront – Catching up with Ed Petrie

 
Posted on Wednesday March 30, 2011 1:34 AM
by Joseph Kazickas 2 Comments »

It was a beautiful, but crisp, day. More October than March. But hope was in the air so I decided to pay a visit to my friend and former Dunemere partner, Ed Petrie who was hosting an open house at his newest listing…a $55 million Wainscott oceanfront estate. What better way to kill half an hour…


The Press Newspaper Group – Unable? Or Unwilling? To Post Accurate Data

 
Posted on Monday March 21, 2011 9:52 PM
by Joseph Kazickas Comments Off

Honesty advocate, curmudgeon and man on a mission, George Simpson, has broken a curious story involving the Press Newspaper Group (publishers of The Southampton Press, East Hampton Press, 27 east.com, etc.,etc.), owned by Joe Louchheim, and, his Editor Joe Shaw. He is raising some questions as to the Newspaper Groups integrity in publishing real estate data, or worse, exposing their inability to correctly calculate a median value. This, of course, is sexed up by the fact that Joe’s dad, Don, is the Mayor of Sagaponack, NY among the wealthiest ZIP codes in America. But according to who? Here’s where it starts…


In No Mood to Negotiate. Rental Up-date.

 
Posted on Friday February 18, 2011 9:55 PM
by Joseph Kazickas Comments Off

It hasn’t taken long for a trend to emerge in this years Hamptons rental deal making season. In fact, it is practically over, especially if you are looking for upper market, south of the Highway rental properties. Agents at many companies (including our own) are complaining about the dwindling supply of prime rentals, as one by one they find tenants, with little in the way of landlord concessions. So for now at least, on the eve of the traditional start to the rental shopping season, the trend is strongly positive.