Design

Real Estate Brokers

ANDREW SAUNDERS
Saunders & Associates / 631.537.9482 /as@saunders.com

Q: What patterns are you seeing from buyers as the market transitions into spring?
A: Hamptons real estate sales declined 15% in 2016 to $4.3 billion. There was an overhang on the market which I think was rooted in issues associated with the election. Since the election, business has erupted at Saunders & Associates. My sense is that this enthusiasm will continue through the selling season.

Q: What do you expect from the market this summer?
A: I think that 2017 is likely to be a record selling season in Hamptons Real Estate. Since the election, there has been $3 trillion of wealth created in the stock market. That is an extraordinary number. Most of our buyers originate from New York and are impacted by the wealth creation that has occurred in the stock market. If Hamptons real estate sales increased $2 billion in 2017 over 2016 as a consequence of the stock market performance, the year would be the best on record. I think that’s where we’re headed.

Q: What style of properties are hot right now?
A: Cutting edge contemporary homes continue to be embraced aggressively by buyers and developers.
Q: Tell us about your listings.
A: Saunders & Associates has $2 billion of exclusive listings. Our inventory spans a significant variety of home styles and prices. We have rarified properties listed at over $40 million and compelling waterfront values for sale under $2 milllion. Our firm is the leading Hamptons player in new developments. In addition to many of the single unit new homes that we represent for sale, we are fortunate to represent the four leading multi-unit new developments in the area: The Fields, a collection of 28 new homes in Southampton; Harbors Edge, 11 waterfront condos in Sag Harbor; Barn & Vine, 15 new and under construction homes in Bridgehampton; and The Residences at Gurneys, a collection of oceanfront coops in Montauk.

MARCY GRAU
Stribling & Associates /212.452.4361 / mgrau@stribling.com

Q: What patterns are you seeing from buyers as the market transitions into spring?
A: Buyers are serious and busy. They are eager to purchase properties that are renovated and beautiful and well-priced. Those apartments are snapped up quickly. New developments are in demand. Condos have become  more popular than coops and, in every sector of the market,  staging is critical.  People are impressed by clean and uncluttered apartments.  They are also willing to look in many different neighborhoods.

Q: What do you expect from the market this summer?
A: I believe we’ll continue to see strong activity in the summer, especially as buyers in the lower end of the market continue to lock in mortgages before rates are raised again. International buyers in the luxury sector have confidence in the US dollar and this sector has strengthened also.

Q: Tell us about your listings.
A: I have listings in all categories and in many different neighborhoods—from  luxury coops and condos such as the fantastic coop at 300 West End Avenue featured here to a charming  2 bedroom prewar in Murray Hill and a beautiful one bedroom at 23 West 73.  PHB at 300 West End Avenue on the Upper West Side is currently on the market for $9.6 million and is a “wow!” apartment. On the East Side, 965 Fifth is a lovely  six room apartment with a living room and master bedroom facing Central Park. A fabulous 3,400 square foot condo in the West Village is closing soon, and some extraordinary properties will be on the market in the next few weeks, including a Central Park West coop with dazzling views, and a townhouse that’s simply gorgeous.

Q: What do you predict for 2017?
A: The past few months have been very busy  and the number of deals is still increasing. This can be a very good year for New York real estate!

Dana Koch of the Koch Team
The Corcoran Group / 561.227.4439 / dana.koch@corcoran.com

Q: What patterns are you seeing from buyers as the market transitions into spring?
A: Spring is our busy season and Buyers are definitely in a “buying state of mind!” They are serious about identifying their “dream home” and shopping the market daily and evaluating what may suit them best. Currently, we have an excellent selection of inventory compared to last year with wonderful estates, townhomes and condos available. Thus, buyers are saying: “If not now, When?”

Q: What do you expect from the market this summer? Why?
A: Summertime in Palm Beach is one of our best kept secrets  as more and more people are making Palm Beach their primary residence due to the significant tax benefits—no state or city income tax. In addition, our residents plan and  renovate/tweak their properties during the summer. In fact, if you are planning a condo renovation, the condo rules mandate that your contractor can only work between May 1 and October 31 each year.

Q: What style of properties are hot right now?
A: Buyers are favoring a casual feel in their design and property style choices.
Q: Tell us about your listings.
A: Our listing collection is superb, consisting of direct ocean front condos in prestigious boutique buildings, plus lake front estates and significant interior homes. Our listings are all value priced to sell as we are in the trenches and sensitive to market conditions. We take pride in advising our sellers appropriately in order to maximize their important assets.

Q: Tell us about the market. What’s happening?
A: We predict that 2017 will be a banner year for Palm Beach real estate! Every day is productive and we are seeing a domino effect: as sellers sell their properties, they are looking to acquire a new one within Palm Beach.

 

Andrew Thomka-Gazdik
Sotheby’s International Realty / 561.714.8955 / andrew.thomka-gazdik@sothebyshomes.com

Q: What patterns are you seeing from buyers as the market transitions into spring?
A: Buyers are more selective. They are educated and know what they want. That being said, there is competition for many properties on the island, so if they wait too long to make an offer on a property that they have been eyeing, they may miss out on their first choice, which would be a shame.

Q: What do you expect from the market this summer?
A: A number of serious buyers make their purchase decisions in the summer, searching for an opportunity to get a better deal on something they were considering that hasn’t sold yet. Sellers, meanwhile, may be willing to drop their prices if they did not receive an acceptable offer during the season. Buyers who may have been cautiously holding off on any purchases may also now be ready to make a purchase and these types of purchases could overlay into the summer season.

Q: What style of properties are hot right now?
A: New construction and completely renovated or restored homes are always in demand. Bermuda and Bahama styles are always near the top of the list, but many buyers prefer the architectural styles more akin to those of the historic Mediterranean, Spanish, Georgian, and contemporary homes.

Q: Tell us about your listings.
A: I have a beautiful 1920s Mediterranean home in town and close to everything, including restaurants, shopping and beaches. I also have several condos at Trump Plaza.

Q: What do you predict for 2017?
A: I think now with greater certainty and optimism in the financial markets, buyers are more apt to follow through with their plans to purchase. Also, having the first winter White House in Palm Beach since the Kennedy administration is a draw for some.

Nikki Field
Sotheby’s International Realty / 212.606.7669 / nikki.field@sothebyshomes.com

Q: What patterns are you seeing from buyers as the market transitions into spring?
A: Market indicators are loud and clear: We have transitioned into a local buyer’s market. New Yorkers are off the sidelines, proactively shopping and securing value opportunities. Today’s educated buyer has been waiting for more than 7 years for this market correction and now is their moment to strike a fair deal. They will no longer need to over pay for a property they lust for—value related options are plentiful and sellers have now adjusted their profit expectations.

Q: What do you expect from the market this summer? Why?
A: In the past, the summer has been our slowest market. However, this year, given the paralyzed fall of 2016, we now have a robust buyer’s market that we believe will take us through the summer. The cycle continues—inventory will once again shrink to a limited volume and new development will pick up in velocity sales thanks to the current financial boom on Wall Street.

Q: Tell us about your listings.
A: My team and I are currently carrying over 60 listings from all corners of Manhattan. Our latest prize is the power address at 212 Fifth Avenue on Madison Square Park. Each of the new 47 residences are designed for ultimate luxury lifestyle and offer a carefully crafted floorplan with loft ceilings and stunning finishes.

Q: What do you predict for 2017?
A: Wall Street is loudly endorsing our economy and the strength of our city. I am confident that the residential real estate market is ready for a great bounce back from our slow down due to the election cycle. International buyers are eager to invest their money here and New Yorkers continue to benefit from the global appetite for all things Manhattan.

Categories: Design, Real Estate