Stott Architecture
Real Estate Roundtable: Markets on the Move
Originally published October 26, 2014 by Dan's Papers Real Estate Roundtable
Read it online here
No matter where you look, the tide seems to rising in East End real estate. The number of home sales and total home sales volume were up over the same period last year when the third-quarter reports came in. Median home sale prices were up across the Hamptons. We saw explosive growth in places like Bridgehampton and Amagansett, upward movement in $10 million-plus homes like we haven’t seen in years, and a sense of excitement about things to come. Looking at the overall year the Hamptons and North Fork markets have experienced thus far, an esteemed group of experts and insiders share their insights into what market trends will define the rest of 2014 for both buyers and sellers on the East End.

“From a design standpoint, my clients are asking sustainability questions that extend beyond energy efficiency. Daylight, volume and views are high priorities. My clients are asking for big volumes, high ceilings and 8-foot-high doors, but they also want to be sure their home is healthy and constructed to a standard higher than minimum code…. I serve clients of every economic strata—all of them want high efficiency, but recently high-end clients are much more sophisticated about the entire building process and insist that aesthetics become part of the sustainability equation. As an analogy, we all want the efficiency of a Prius, but would rather be seen at the wheel of the Tesla.”—Ric Stott, President, Stott Architecture