Andrew Doud 0:07

All right, everyone, it's Thursday. I'm Andrew Dow. Time for Happin' in the Hamptons Podcast, our weekly breakdown of the Hamptons market, new listings, and events on the East End. We are sponsored today by New York Title Abstract, the Hamptons' leading title insurance firm. Visit NewYorkTitle.com. Joining us today, Steve Gluck, Dave Retiner, and Jen Wilson of the Wilson team. Thank you, Jen, for coming back on our show. You cover all over the Hamptons, right? I mean, you're you're not exclusive to one area, but I would say you certainly specialize in East Hampton.

SPEAKER_00 0:41

I do.

Andrew Doud 0:42

And you live there, right?

SPEAKER_00 0:43

I do.

Andrew Doud 0:43

Live and work in East Hampton.

SPEAKER_00 0:44

I grew up there. Born and raised. Born and raised.

Andrew Doud 0:47

Wow, born and raised. No.

SPEAKER_00 0:51

Or he was a lifeguard or something? In the 60s, my parents. And my dad was a lifeguard at Georgia Ca Beach.

Andrew Doud 0:58

And your daughters were lifeguards.

SPEAKER_00 1:00

My brothers were lifeguards for the village, and then my daughters were lifeguards for the village.

Andrew Doud 1:04

So you guys have the roots in East Hampton.

SPEAKER_00 1:07

And my parents had a uh business on Main Street in East Hampton.

Andrew Doud 1:11

That's awesome. But what's a business?

SPEAKER_00 1:12

East Hampton's my town.

Andrew Doud 1:14

Nice.

SPEAKER_00 1:15

Um the business was the village toy shop.

Andrew Doud 1:17

Okay. Oh, that's cool. I remember that. I didn't know that. Yeah. Yeah.

SPEAKER_00 1:20

And my dad was a science teacher in Sack Harbor. So there was all these fun toys, scientific toys, like educational things. Educational toys, but also he sold antique trains. He sold really cool stuff.

Dave Rattiner 1:34

You know, what separates East Hampton to me is like it's so powerful, the Main Street compared to the other towns.

SPEAKER_00 1:42

It's like think about this.

Dave Rattiner 1:44

Yeah.

SPEAKER_00 1:44

I always say that East Hampton is where 27 ends and Main Street begins because every other town has 27 running through it.

Dave Rattiner 1:53

Oh, yeah, that's true. That's interesting. But it's like you go to East Hampton and it's just it's a much wider street. The buildings are much grander.

SPEAKER_00 2:03

When you pull in by the pond, town pond, yeah.

Dave Rattiner 2:06

It's overwhelming.

SPEAKER_00 2:07

Yeah, it's just and the historic ends that you see right away. Yeah. Very nice.

Steve Glick 2:11

We take it for granted. Like I when I was younger, we used to go out to East Hampton and just for the day. Hey, we're just gonna walk around. We're literally just gonna walk around Main Street in East Hampton. And that was like a that was like a thing. And people still do that. They come out here. Yeah. Now with all the um You do the loser lap.

SPEAKER_02 2:24

That's what I called it when I was a kid.

Steve Glick 2:25

Loser laps.

SPEAKER_02 2:26

No, let's take a loser lap. It's good to walk.

Steve Glick 2:29

It's good to see the stores coming back in. Like the designers. Like you have, you know, uh Louis Vuitton there on the corner, you have Gucci, you have um Prada. I mean, I mean there was everything. Everything is now coming back into East Hand Main Street. Because there is a period of time where they were they were out and now they're back in and it's full force.

Dave Rattiner 2:48

And yeah, but you also have like some sick restaurants, you got London jewelers.

SPEAKER_00 2:53

Well, also one thing that's really interesting and new is in the off season when the big brand stores close, they're gonna have little local pop-up stores. Oh, yeah, I was reading about that.

Dave Rattiner 3:05

That's cool. Oh, really? And they're like real businesses, like real things.

SPEAKER_00 3:17

Because everyone looks for the mom and pop shops.

Andrew Doud 3:20

What would those would they be like comparable to what the designer ones are, or is it just like no, like local, you know, local stores.

SPEAKER_00 3:29

Yep, pop-ups, yeah. For the locals. Like more like Sack Harbor.

SPEAKER_02 3:33

Oh, okay, okay. That's great. Yeah, great idea.

SPEAKER_00 3:36

Because now you now you have really beautiful stores in the summer, and then you'll have a year-round um stores to go through.

Steve Glick 3:45

Well, I know that they're also redoing like the back parking lot right there in Park Place.

SPEAKER_00 3:49

But they're redoing Herrick Park also. Correct. And Herrick Park is gonna be beautiful. The renderings were just in the star this past week.

Dave Rattiner 3:56

It really, it really feels almost like a stage, like like it's got a like a Disney World vibe, East Hampton. It's like everything they can think of to make it as nice as they can do it, they'll do it. Like the the leadership there does it.

SPEAKER_00 4:09

Jerry Larson and the team, since they've come in, there are so much, yeah, uh, so many improvements.

Dave Rattiner 4:16

Yeah, like even that Santa Claus in the winter time coming in from the helicopter. My dad, that's that's I don't know if people know this, but that's my dad coming down in the helicopter. I didn't know that.

SPEAKER_00 4:26

That's Dan. Yeah, and it's that's great.

Dave Rattiner 4:28

And when they proposed that idea, it was just like, yeah, that sounds awesome. Like, let's just do it. You know, it wasn't like this big they were like, oh, that's perfect.

Andrew Doud 4:35

We should land Santa in a helicopter. Yeah, you know, obviously.

Dave Rattiner 4:38

And now I remember thinking at the time when they thought of that, I was like, ah, you know, they're move, they move things forward there that are good ideas there.

SPEAKER_00 4:44

The whole village has changed since they've come in.

Andrew Doud 4:47

Yeah, good. Well, so we're talking East Hampton Village, but um before we hit record, you know, we were saying that there's so many different areas of East Hampton. There's not just a village, and there's a lot of areas where you have, let me make sure I have this right, six listings in the East Hampton area. Um, different price points, different buyers, some are you know, potential development, some are just kind of moving ready. So talk to us a little bit about the different areas of East Hampton, what you like about them, and then we'll cover some of the listings that you have there.

SPEAKER_00 5:17

So East Hampton is really um beautiful in the fact that it's basically, I would say, seven miles wide. So you have on the north side the bay, um, and then you have three mile harbor, which is right in the middle, and all the marinas and beautiful harbor, and then you have on the south side the ocean. So you have the village, um, you have little pockets uh south of the highway, and then you have north of the highway, you have um Northwest Woods, Springs. Um, and there's really they're all very different and beautiful.

Andrew Doud 5:53

Well, I mean, just to go from like the bayside to the ocean, it doesn't sound like seven miles is a long, you know, but it's a totally drastic feel. I mean down by the ocean, you have these big grand estates and up by the bay, it's like a whole different vibe.

SPEAKER_00 6:04

Yep.

Andrew Doud 6:04

Um, that in itself is very cool. Um, we were up at uh Clearwater, right? Clearwater beach area. That's like amazing. You have a couple listings up there.

SPEAKER_00 6:14

Clearwater Beach is really cool in the fact that it's a beach association, uh private beach association with its own marina, and it's really like a community where all the neighbors like know each other, people are walking and biking around, and we have a new listing that's really close to the beach access, uh 280 Kings Point Road, and that is a really great area because you just it's less than half a mile from the beach access in the marina.

Dave Rattiner 6:45

I've never personally experienced this clear water legend that so many people tell me about. Like, is it really that special? Like, so you it really is. So you have your own marine, it's like an old neighborhood. So it's like it's like ET, like where it's just like the kids are riding the bicycles, running around and all that. All the kids know each other, they ride to their friends' houses, and the adventure spots are this marina, and you can, you know, people have boats there, and everybody knows somebody that has a boat kind of thing. It's it's really is like that, huh?

Andrew Doud 7:17

You look at it from the East Hampton guy?

Dave Rattiner 7:19

I never really, you know, I I grew up on the uh through Mill Harbor.

Andrew Doud 7:22

Okay, you know, just so many different pocket airplane.

Dave Rattiner 7:26

Clear water is the stuff of legends to me. You know.

Andrew Doud 7:29

So that 280 is at 1695.

SPEAKER_00 7:33

It's a really sunny, one-level contemporary.

Dave Rattiner 7:37

Um it seems like a deal.

SPEAKER_00 7:39

It's really close to each access. And then we also have brand new construction at 60 Kings Point Road. Um, and that is it's a beautiful sort of modern, modern inside, and it looks traditional on the outside.

Dave Rattiner 7:55

And this is 2.85.

unknown 7:59

Right.

Dave Rattiner 8:00

3,000 square feet, four bedrooms, four bathrooms, four and a half bathrooms.

Andrew Doud 8:05

This was um this was not was this a new construction or renovation?

SPEAKER_00 8:10

Well, it was basically I mean, basically new construction, right?

Dave Rattiner 8:15

Renovate 20 Fieldview. Maybe I mean it would be smaller, but if you renovated it renovated 20, uh not 20 field view, uh the other one on in Clearview.

SPEAKER_00 8:25

280 280 Kings Point Road. It's a great house. Somebody's gonna come in there and renovate it and make it more up to date and modern, and it's beautiful.

Andrew Doud 8:34

60 Kings Point. This is uh I I shot this house with um with your teammate Tracy a couple weeks ago, and this is like I mean, it's perfect. You just put furniture in and you're ready to go.

SPEAKER_00 8:43

It's a great house.

Andrew Doud 8:43

It's a great little great uh, it's not even little. I mean, it's a great great house.

Steve Glick 8:47

You could be in for the summer. You could be in for the summer. That's the dream. You know, here we are in you know, come rounding out March. Memorial Day is how many days away? Soon?

Andrew Doud 8:57

Is it still weeks? Two months, two months away eight weeks.

Steve Glick 9:01

Eight weeks away, Memorial Day. So you could see this house today, close in a couple weeks, and be well situated and in for Memorial Day weekend. There you go.

Dave Rattiner 9:10

What is the appeal? I have a kind of always kind of wonder this. What is the appeal of new construction? Like the the buyer that wants new construction. Obviously, you want a new home, and you know, you want it to be like as fresh as possible and as beautiful as possible.

Steve Glick 9:26

They don't want to, you know, have to hire it's their second, a lot of them, it's their second home, right? So, you know, if that's your second home that you're only coming out, you know, you're not living in there full time, you want it if it's new, it's a lot easier to just want to move in. They just want to make it easy. Ease.

SPEAKER_00 9:40

Yeah, you know, but the value in the marketplace is the house that needs work.

unknown 9:45

Correct.

Andrew Doud 9:46

Right, right. Right.

SPEAKER_00 9:47

So if you're a smart buyer, that's what you're doing.

Andrew Doud 9:49

Right. But it is nice to have it.

SPEAKER_00 9:52

And talking about that, we have a new listing at 20 Fieldview Lane.

Andrew Doud 9:57

Okay. Different part of East Hampton.

SPEAKER_00 9:59

It's a beautiful part of East Hampton. It used to be like farm fields, and it's close to East Hampton Village, just outside of it. And um, this is a one-acre lot with a house on it, and somebody's gonna come in here and totally renovate the house and add on, or um knock it down and build new. So currently the house that's there was built in 1980 and it's a 3,000 square foot house. You can build up to 5,800 square feet there.

Dave Rattiner 10:28

Wow. It's right by the longhouse reserve.

SPEAKER_00 10:31

No, it's by the high school.

Dave Rattiner 10:33

Or by the high school, okay.

SPEAKER_00 10:34

Yeah. Um, and we have that one, and then on the same street, we have um 50 15 Fieldview, which is a one-acre vacant parcel, and it's the most beautiful lot in East Hampton that's available on the market.

Dave Rattiner 10:49

And this is rare. I feel like these homes are homes that like are generational homes.

SPEAKER_00 10:54

Yes, people don't move when they go to Field View or Roberts Lane, they don't move. So there's not a lot of transactions that happen on these streets.

Dave Rattiner 11:04

Yeah, this is exciting. Wow.

SPEAKER_00 11:08

They're both great properties, and I think they're gonna sell soon.

Andrew Doud 11:13

And then uh okay, so we talk Clearwater, Field View, and then I have village.

SPEAKER_00 11:20

I have the village. I have a listing right in the center of East Hampton Village at 17 North Main Street.

Andrew Doud 11:25

This is a great place because this is like I mean, literally, you go out and make a right out of your driveway. And you're in town in town right there.

SPEAKER_00 11:32

I mean, and that is the estate of Elliott Irwitt. So it's been really fun because his photos are all through the house, and there is a legal um artist studio with his cameras.

Steve Glick 11:43

Which is very so all these homes are priced under four million dollars, you know. So there's something for everybody in all different areas. I mean, it's not like you're these are eight, ten, twenty million dollar homes. You these four million dollars, there's there's deals to be had, you know, new looking um, yeah.

Dave Rattiner 11:58

This one is one point six and spread this land crazy in clear water. This is a few years.

Steve Glick 12:02

Walk right into the village. Something for everybody.

SPEAKER_00 12:05

Yeah, so we are very busy showing our listings, doing a lot of open houses this coming weekend being Easter weekend. Um, we're gonna be busy Friday, Saturday.

Steve Glick 12:16

It's a holiday break, too. So I feel like you know, you have the schools are off, yeah, and then you have in a couple weeks another spring break. So, like all throughout April, essentially, there's different pockets of breaks from colleges, the public schools to the Easter, the spring break. So it's just gonna get busy. And this is the time where we start seeing people migrating up from the south, right? You know, coming up from Florida, you know, they're spending the last weekend in Florida, and now they're coming back up to New York, back up to their home in the Hampton. So we're starting to see that season starting to tick up. I know the traffic already coming out here. I commute from the west in the past this this week. It's been traffic again. And I was like, wow, this is something never seen in a while.

SPEAKER_00 12:58

Yeah, get it done by Memorial Day.

Steve Glick 13:00

That's it. Yeah, the thing.

SPEAKER_00 13:01

And start making your reservations at restaurants now.

Steve Glick 13:04

Yeah, like the landscapers are out there, you know. The weather, once the weather maintains at 50 degrees, you know, for a good period of time, we're starting to see the spring cleanups, the pools are starting to get open, everyone's freshening up their house, getting ready for the season. This is it. So exactly. It's coming.

Andrew Doud 13:20

So uh I want you you touched on restaurants, and I want to, you're kind of uh well, you're the East Hampton connoisseur, I would say, as far as like where to go and what you're definitely a go-to. So when we get to Dave, I want to get your take on that. But Steve, let's get a breakdown of the overall picture.

Steve Glick 13:38

All right. This past week there were 26 listings that went into contract from West Hampton and Montauk. Um compared to the same time last year, there were 36 listings, so we're looking at a decrease of 28%. The same week in 2022, there were 39 listings that went into contract. So we're looking at a decrease of 33 percent. The breakdown of 26 transactions this week, there was two between 10 and 20 million, two between five and ten million, five between three and five million, five between two and three million, seven between one and two million, and five under a million. The dollar volume this past week was eighty-five million. Last year it was 118 million, that's a decrease of 28%. In 2022, the dollar volume was 199 million, decrease of 57%. But the highlight this week are the new listings coming onto the market. There were 29 new listings that came on, so that it increases the inventory by three listings, and the breakdown of those 29 new listings, they're in all different price categories. There is one over 20 million, one between 10 and 20 million, five between five and ten million, seven between three and five million, five between two and three million, five between one and two million, five under a million. So all categories is new listings coming on. The inventory stands at 1,846 total listings with 1,407 active and 439 in contract. So um, you know, uh a little slower than than the week prior, but still very active. Listings are going into contract, and more listings are coming on, and more listings are coming on, yeah. A healthier market, so it's remaining steady, it's a good balance.

Dave Rattiner 15:13

So positive. What is your like outlook right now for uh the summer or real estate in general?

SPEAKER_00 15:20

I think the next few months it's gonna be really busy with people buying. Um and then I think going into the fall as an election year, I'm not so sure that it will be busy, but I do think between now and um the end of August, end of September is really gonna be very and you're thinking that why? I think a lot of people have been sitting on the sidelines waiting all last year. It's sort of just died off the second half of last year. Right. So people are just sitting back waiting. You know, interest rates aren't so bad right now, and they will come down, and I think people are just now coming out of that waiting period, and and and there's more inventory coming on the market, so it's not as competitive.

Andrew Doud 16:05

This is sort of that ebb and flow of the market, though. You know what I mean? And somebody that's been doing it for a number of years and didn't just jump into COVID knows that this is how it is.

SPEAKER_00 16:14

Yeah, I've been doing this, believe it or not, 17 years.

Andrew Doud 16:16

There you go. So good for you. That's awesome.

Dave Rattiner 16:19

You know what I mean? Successfully. Yes. You want to be careful with that because there's a lot of real estate agents out there that are, oh, I've been doing real estate for 20 years, and they haven't done it if you sold three houses. They haven't sold it.

SPEAKER_00 16:29

I literally 24-7.

Andrew Doud 16:32

I know that's uh we've said this before, but it's like the biggest myth about being a real estate agent is that it frees up your time. No, and it's like, no, it just actually consumes more of it.

Dave Rattiner 16:40

It's crazy.

Andrew Doud 16:41

Um, Dave, what do you got going on this weekend?

Dave Rattiner 16:43

Um, there's a lot going on. It's Easter weekend. Yep. But I I had a thought, I wanted to bring this up. We were having lunch yesterday, um, and it was a friend of a friend who was in the mortgage business, and he mentioned that in his opinion, that if rates drop to five percent, it's going to be like a banana a bonanza. He said he said that the five five percent's the number for people in terms of mortgage rates.

SPEAKER_00 17:10

Well, rates supposedly are going to be crazy. Five is pretty low time, but we'll see. I mean, what I'm hearing is that maybe one cut, maybe two.

Dave Rattiner 17:20

Right.

SPEAKER_00 17:21

But people are buying, so that's good.

Dave Rattiner 17:24

Yep. All right. People want Hampton's real estate, apparently.

Andrew Doud 17:28

Shocker. And we should do a podcast on that. Um, yeah, so what uh so what's what's your East Hampton go-to this weekend? Do you have East Hampton go through?

Dave Rattiner 17:37

I don't know. I'm looking at this list on Hamptons.com, so I'm sort of cheating uh this week. But great resource. There's a lot of things to do. There's an amazing list for this week on Hamptons.com. It says top events this weekend uh in the Hamptons. So this sounds fun. I'm I'm gonna glaze over the ones that don't sound fun in real time. So just winging it this week. I'm just winging it. All right, I'm just I wing life in general. And I but it's good. That's that's my that's my secret, Andrew Dad.

Andrew Doud 18:06

Okay.

Dave Rattiner 18:07

All right, so we have the Nancy Atlas project at Steven Talkhouse, Saturday, March 30th at 8 p.m. Um Nancy Atlas is the local legend of East Hampton. She always puts on a good show, so you can get tickets to that. Then if you want to do this, I actually will probably do this. There's live music at Kids Squid on Saturday, March 30th from 4 p.m. to 6 p.m. Kids Squid is like the local brewery in Sag Harbor. But what I like about it is it's kind of family friendly. So like you can go there for a beer, but like you can like bring your your three-year-old.

Andrew Doud 18:48

A lot of breweries are like that.

Dave Rattiner 18:50

I like that.

Andrew Doud 18:50

Yeah. Like when I was in North Carolina in Charlotte, there was like a brewery at the end.

Dave Rattiner 18:54

It's like you're at a bar, but there's like kids running around, and you you know, uh yeah. I I bring my my daughter there and she like plays like with the other kids that are there, and then and then I have a beer. It's great. All right, so gonna keep going here. I don't know. I guess I'll say this one. Authors Zibi Owens and Joanna Rakoff are in conversation Saturday, March 30th from 12 p.m. to 1 p.m. at the Barnes and Noble at the Bridgehampton Commons. So that's exciting if you're a fan of authors. Then, of course, we have a million Easter egg hunts. I encourage you to go to Hamptons.com to look up all of these drag hunts. I'm gonna bring up a couple of them right now. There's one at the Green School on Saturday from 10 a.m. to 12 p.m. that's in Sacaponic. All these you just show up at. You don't have to like Perfect. You know what I'm saying? Um, you don't have to like RSVP for the Easter egg hunt. That'd be awful if you had to do that. And they were like, oh, sorry. Wait, make sure you're gonna hold it. You showed up to yeah, you showed up to the Easter egg hunt and then they turn the kid away. That would be like the worst. Um yeah, uh in Easter egg hunt at the Amaryllis Farm, uh Equine Rescue, which is a is that where they take like uh horses that were retired. Yeah, oh that's cool. Oh, I would check that sounds great. That's at 864 Lumber Lane in Bridgehampton, 12 p.m. to 1 p.m. And then you got one at the Southampton Inn in Southampton starting at 9 45. Um these are all on Saturday. And I'm gonna end it with I'm I'm gonna go off the Easter egg hunts right now, and I'm gonna end it with Look Alive is playing at Guild Hall on Friday, March 29th through Monday, April 1st. Guild Hall has um wonderful live theater and art. Um, and that runs from 12 p.m. to 5 p.m. And you should do that too.

Andrew Doud 20:56

Okay.

Dave Rattiner 20:56

You just walk into Guild Hall this weekend. Just walk into Guild Hall and say I was listening to Hamptons Real Estate Podcasts. Dave Retiner, and I heard I could just walk in here and just see what's going on, and someone will give you a little tour. All right. That's what you should do.

Andrew Doud 21:10

And check out Hamptons.com for a full list of other events that Dave may or may not have breezed over. Uh lastly, Jen. Some go-to places in East Hampton.

SPEAKER_00 21:21

So we've been spending a lot of time in Emma Ganset, which is part of East Hampton.

Andrew Doud 21:25

It's like an East Hampton extension.

SPEAKER_00 21:26

Well, it's like East Hampton town, it's just you know five minutes. Um we've been going to Rosie's a lot, which is a really great restaurant.

Dave Rattiner 21:34

Is that good for breakfast too, right? Yeah. Someone told me that's it.

SPEAKER_00 21:37

It's really fun on the weekend, they have a DJ every once in a while. Um and then also uh Ilbuco is so super cozy. The food is awesome. That's an Emiganset. Um, so yeah, we've been spending a lot of time there.

Dave Rattiner 21:53

And finite pizza, you were telling us the white pizza.

SPEAKER_00 21:56

The white pizza pizza is to die for.

Dave Rattiner 21:58

And what makes it so special?

SPEAKER_00 22:00

Um, they drizzle it with olive oil and then lemon, and it's just oh my god. We gotta go there today.

Dave Rattiner 22:09

We gotta go there today.

SPEAKER_00 22:11

And there is an Easter egg hunt in Amigansett Square on Saturday.

Andrew Doud 22:15

Oh, it's a great little spot. Great. Yeah. Yeah. Okay, cool. All right. It's Easter egg hunting season. As it is Easter weekend. Perfect. Uh Jen.

Dave Rattiner 22:23

Easter egg search and rescue.

Andrew Doud 22:24

There you go. Jen, thanks for joining us. Thank you. Uh we'll call that a podcast. I'm Mandra Dowd. Everybody have a great weekend, and that is what's happening in the Hamptons.