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Hamptons.com
May 21, 2013

Real Estate In The Hamptons Is Cyclical Says Bill Williams of Sotheby’s

Nicole B. BrewerbyNicole B. Brewer
in Real Estate
Home Real Estate

Hamptons real estate agent Bill Williams, Senior Global Real Estate Advisor at Sotheby’s International Realty in East Hampton, doesn’t get surprised by the wild amenities in the Hamptons most amazing homes anymore, “It’s truly crazy what some people will put in [their] homes, from bowling alleys to gun ranges.” Never one to balk at a little extra effort for a client, Bill tells us that, “I once flew clients out to the Hamptons in a private helicopter from Philadelphia to see a property that had just came on the market. Before they got back on for the return trip, we had a $17,000,000 accepted offer.”

Just before the rush of Memorial Day Weekend and the start of the Hamptons summer season we heard back from Bill with his thoughts on the state of the market.

Bill Williams, Senior Global Real Estate Advisor at Sotheby’s International Realty in East Hampton. (Courtesy Photo)

Which towns/villages are the most sought-after right now?
BW: Amagansett has been very hot, especially the lanes. And Bridgehampton is seeing a lot of action also, especially close to the village.

Do you feel that the ‘Golden Age’ of East End real estate is over?
BW: Not at all. Real estate in the Hamptons is cyclical, like many other resort areas in the country. Professionals know how to ride out the slow times.

How have buyers/sellers changed over the past two years?
BW: Sellers have become more pragmatic, especially those whose properties have been on the market for more than nine months. Buyers have learned to be patient, and wait for the right time to make the offer. Together it is good for the market.

If “location” is the first rule in real estate, what is the second?
BW: Location. And the third is location. When buyers are looking for real estate, among the many factors that influence their decision are school districts, recreation and parks, view, proximity to village, etc. It all comes down to location.

What are the emerging trends in architecture?
BW: Modern architecture has become more and more prevalent in the past few years. We have some great local architects out here, such as Bates Masi, and New York based firms like Sawyer Berson.

What is an easy way to increase the value of a property?
BW: Information. Being able to tell a customer all important information about a property – lot size, coverage, surveys, zoning, comps – not only can increase value but also time on the market.

How important is ‘staging’ for a sale/rental?
BW: Critical. Staging makes all the difference in the world. I recommend it to all my clients whose homes lack furniture.

What is your forecast for the fall/winter real estate season in the Hamptons and North Fork?
BW: We should continue in a positive direction, the fall is a very active selling season in The Hamptons.

Tell us about one of your favorite listings on the market right now.
BW: My favorite listing right now is 380 Old Montauk Highway in Montauk. 1.5 ocean front acres with a small home pushed way forward on the lot, great panoramic views, plus it’s flat, so building a new home here is just like building a home on Lee Avenue, just with better views.

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  • Tarot Tauk Tarotscopes – Aquarius Season

Welcome to the monthly Tarotscope series by Diane Ferraro of Tarot Tauk. Diane has randomly pulled a Tarot card for each zodiac sign, blending hints of astrology and divination guidance from the Tarot to create a personalized outlook for the Aquarius season (Jan. 20 – Feb. 17 2023). You are encouraged to read your Tarotscope for your sun sign, moon sign and rising sign to get a full breadth of insight for your unique experience. If you don’t know your moon or rising sign, reading the Tarotscope for your sun sign will certainly suffice. If you’d like to learn more about your natal chart, feel free to contact Diane and request a consultation. May the cards bring you joy, and clarity and help you to feel supported and seen. @tarottauk

Read the full article at Hamptons.com (Link in Bio)
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#tarot #tarotscope #aquarius #tarotauk #hamptons
  • ‘Single Married Divorced’ Sparkling Wine Tasting at Westhampton Fine Wine

On Saturday, February 4th from 2:00 to 5:00 p.m., Westhampton Fine Wine (located at 171 Montauk Highway in Westhampton Beach) will host a tasting event to debut a new private label wine created by Hamptons’ own Irena Patar.

The debut of Irena’s exciting new brand Single Married Divorced sparkling wine is happening just in time for Valentine’s Day, and she invites everyone to come celebrate—no matter what it is that they are celebrating. @irenapatar

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#sparklingwine #wine #westhampton #valentinesday #winelover
  • HarborFrost Returns to Sag Harbor on February 4th

The Sag Harbor Chamber of Commerce is proud to announce, Saturday, February 4, as the date of its annual winter festival, HarborFrost. This year’s festival will include a Friday night cocktail party for Chamber members and non-members and Saturday’s events will run from 1 to 6 p.m. This popular winter event began in  2011 and continues to delight locals and visitors alike.

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#hamptons #community #harborfrost #sagharbor
  • Winter Workshops with The Pollock-Krasner House and Study Center

Any artist or art lover knows that inspiration is not seasonal, so it’s a good thing we can count events and activities all year at the Pollack-Krasner House and Study Center to keep your creativity flowing. They have lots of exciting opportunities to learn and explore new artistic skills, plus there is even a virtual reality app available!

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  • The Sea Like You’ve Never Seen with South Fork Salt

You may have seen more than the usual amount of whales this summer, but you probably did not see as many or from the same view as Tim Regan, @Southforksalt. Tim is a renowned photographer who specializes in all things nautical. More than his technical prowess—the guy is a whiz with a drone—Tim’s passion and love for Long Island’s marine life is the right lens to reveal the murky magic all around us on the East End. @southforksalt

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Nick & Toni’s is one of the most iconic restaurants in the Hamptons. Jeff Salaway and Toni Ross opened the space in East Hampton in 1988, and it immediately garnered well-deserved praise. The restaurant is rooted in farm-to-table Mediterranean cuisine, the philosophy being to source everything possible locally, and the menu is inspired by simply prepared seasonal produce with an emphasis on natural flavors. @nickandtonis

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