Hello March!

March is here...the official month of Spring's start. St. Patty's day parades are happening throughout the towns and villages. In WHB, the parade is on the 11th starting at 11am. 

Memorial Day is only 80 days away. Best time to secure your home rental is now. Inventory is still very good for great options to choose from. Sales and market inventory is seeing an uptick. The Hamptons remain a most unique market and not to be grouped with what you might find in the news. The market has not crashed here. With low inventory, pricing remains strong despite the correction noted at the end of 2022. Feel free to revisit the Q4 Market Report.  Don't forget...the new Community Housing Tax will take affect on those homes that go to contract starting April 1st, 2023, adding an additional .5% to closing costs. Let's start a conversation NOW! 

Scroll down below for some good reads. We love keeping you informed and educated on all things real estate. Be sure to check out our blog, our happenings page and do follow us on Instagram.

Happy March...we always look forward to seeing you around and about in The Hamptons!

Maria, Jill, Tina and Meredith

Did you know?

Some cool things associated with March...read on

• Patrick's Day celebrates the life of Saint Patrick—the patron saint of Ireland. An influential missionary who has been credited with bringing Christianity to Ireland.  St. Patrick's death is believed to have been on March 17, 461, thus the celebration!
• President John F. Kennedy founded the Peace Corps on March 1, 1961. It is a successful volunteer organization that has since sent at least 235,000 Americans abroad to developing countries to help with health care, education, and other human needs.
• History of Easter Eggs: The egg was a widely used premodern and pre-Christian symbol of fertility and restoration.  Early Christians borrowed this image and applied it not to the regeneration of the earth but rather to Jesus Christ. This was also extended to the new life of the faithful followers of Christ.
• On March 10, 1876, Alexander Graham Bell made the first-ever phone call. It was to his assistant, and he said, “Mr. Watson, come here. I want to see you.”

Real Estate Market News

Understanding Market Data & Absorption Rates

The absorption rate is an important factor for both purchasers and sellers as it indicates how long it would take to sell current inventory that is on the market based on historical sales.
As noted above, the absorption rate can tell you if the market is a seller’s or buyer’s market.

• In a seller’s market, there is little inventory available on the market and therefore sellers have more pricing power (therefore, a higher price on properties).
• In a buyer’s market, there is a lot of inventory available on the market and therefore buyers have more pricing power (therefore, a lower price on properties). Read here for full article.

Courtesy of CFI Education

Environmentally speaking

A world without Bats would be a different place...not for the better.

Bats, the pollinators that they are, are as critical to our world as bees are. Dispel any fears, learn the facts about these incredible mammals & how very necessary they are. YOU can help! Be amazed with fascinating knowledge & how to help by providing shelter for them. (Yes, they will rid your yard of agriculture pests like mosquitoes.)

Learn more here.

Happenings

MARCH 2023
St. Patrick's Day

Enjoy St. Patrick’s Day in the Hamptons with parades from the South to North Forks. Check here for your favorite locations of the parade schedule.

Pi Day

    
Celebrate Pi Day in the Hamptons at your favorite local bakery with a sweet treat. 

You can find a list of our favorites here. 

Lifestyles

NFT's in the home | Artwork and more

Interior Designers use NFTs to create stunning artwork, furniture, and other decorative elements that will add a sense of interest to any room. They can also be used to create custom digital art that can be displayed on any digital device, such as a television or computer. Such art can be an accent or a visually engaging focal point in a room. NFT Art is also highly customizable. Who knew? Learn more here.

Courtesy of Natalia Nerverko Design

Health & Foodies

Best Irish Food Recipes for Celebrating 
St. Patricks Day

Honor the patron saint of Ireland with a homemade meal! Read here.

Courtesy of Country Living

Ultimate Spring Guide to Stay Healthy this Season

Find out how staying healthy this spring can be as breezy as the refreshing springtime air! Read more 

Courtesy of Bistro MD

For the Plant Based foodie | Irish White Bean & Cabbage

Try it, you won't notice that you are missing meat! Recipe here.

Courtesy of Forks Over Knives

Featured Listings | Sales

189a South Country Rd., Remsenburg
4 BD   5.5 BA  appx  5000SF   $2,699,999 Fully finished lower basement
Minutes from WHB village | 1st & 2nd floor primary bedrooms | Family Room
Living\Dining Room | 2 sets of laundry 

EAST MORICHES

12 Bay Street

West facing waterfront land (.82 acres), | plans available $825,000 | Awaiting DEC approval

WESTHAMPTON

39 Depot Road

4 BD 4 BA 1925 SF $1,625,000 | salt water pool | home office over garage close to all in WHB | 2 car garage

REMSENBURG IN CONTRACT

25 Nidzyn Avenue

3 BD 3 BA 2195 SF $1,150,000 Turn key | Pool, | .62 acres

REMSENBURG-SPEONK

180 Montauk Highway

2 BD 1 BA 1452 SF Main House 1 BD. 1 BA guest house 2 Acres | 2 Car garage w full 2nd story $1,100,000

Featured Listings | Rentals

WESTHAMPTON BEACH

55 Beach Lane

4 BD 5 BA 4472 SF $158,500 MD-LD

WESTHAMPTON

49 Bridle Path

5 BD 4.5 BA $75K MD-LD | Pool

WESTHAMPTON CONDO

34 Montauk Hwy @ Beaver Lake

2 BR 2.5 BA community Pool August $22,000

QUOGUE VILLAGE

47 MidHampton

4 BD 6 BA 2984 SF $150K Spa| Pool House w full bath | Gym