Join us for Real Estate Episode 62:
What’s So Great About the Hamptons?

with Hampton insiders Justin Agnello & Adam Hofer

Justin Agnello, resident of East Hampton since 2005 currently has 18 listings in the Hamptons. Justin plays hockey and surfs.

Adam Hofer, lifelong resident of the East End, currently has 45 listings in the Hamptons & NYC and runs half marathons

Welcome to our Hamptons show. These world-famous towns, villages and hamlets on Long Island’s South Fork between Westhampton and Montauk, the Hamptons have long been a weekend and summer retreat for the world’s wealthiest people, from movie and TV stars, dignitaries and socialites, hedge fund managers to hip-hop artists and more. We’ll ask these two Hamptons insiders to tell us about the Hamptons beyond the beautiful beaches and the people who frequent them. What about the Hamptons for mere mortals?

But, of course we have to talk about the trophy properties. The current trophy-holder for the priciest sale in the Hamptons is $137 million. That was set in 2014 and was a sale for three contiguous lots running across 16 acres in East Hampton. Only five Hamptons homes in history have ever gone for more than $100 million (according to Jonathan Miller, president of real estate appraisal company Miller Samuel) Jonathan says “Thanks to the rising net worth of America’s richest 1 percent, whose wealth increased by $12 trillion during the pandemic to a record $45.9 trillion at the end of 2021, trophy transactions are picking up pace. Appraiser @jonathanmiller said in the early years of the market he would see one or two transactions above $50 million in a year. Now he sees them every other week.”

Justin is selling waterviews in Sag Harbor:

35 Ezekills Holw

$18,000,000

6 Beds, .1 Baths, 8,000 Sqft,

See Full Listing

Adam is selling a beauty in Bridgehampton:

30 Laurel Hill Lane

$8,495,000

9 Beds, 7.1 Baths, Built in 2005

See Full Listing

Thursday at 4pm, Use the Meeting ID: http://zoom.us/j/92135931351

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John Engel – John Engel can be found at http://www.JohnEngel.com. He is a consistently top-producing agent in Fairfield County, Connecticut. John recently won the Realtor of the Year Award in New Canaan where he is has been Chairman of the Town Council and is currently a member of the Planning & Zoning Commission. John also brings an insight into internet-based marketing that is unsurpassed. Before going into real estate he was the founder of two successful internet businesses, Paper.com and e-Media for which he won the prestigious Entrepreneur of the Year Award. John spent his earliest years in Stuyvesant Town in lower Manhattan and went to New Canaan High School before attending Davidson College in North Carolina. After graduating, he served as an officer in the U.S. Army and spent some time leading a military intelligence platoon on the front lines of the first Gulf War. He currently lives in New Canaan with his wife Melissa and four children. In addition to hosting this podcast on the market each week, John Engel produces an easy-to-understand and in-depth monthly market analysis called the Market Report for the 16 towns of lower Fairfield County.

Roberto Cabrera – Roberto can be found at http://www.RobertoCabrera.com. With 20 years of experience, I have been recognized throughout the industry for achieving outstanding results: Ranked nationally by REAL Trends as one of “America’s Best Real Estate Agents” for avg. sales price of $4.350M. Sold a single family Townhouse faster than any other on the Upper West Side over $10M. I live with my wife and daughter on the Upper West Side, the neighborhood I have called home for the past 23 years. I was originally born in Richmond, Virginia and grew up in Maryland, just one mile south of the Mason Dixon line. After graduating with a degree in Mathematical Economics from Hampden-Sydney College, the 10th oldest school in the country, I spent 5 years in Washington, DC working as a financial consultant. I also studied at The National Conservatory of Dramatic Arts and I’m a former actor who once moonlighted as a stand-up comedian. Many years ago, I authored APPLE PIE – The Real Ingredients for Buying and Selling Your Slice.

Shameless plugs for two of John Engel’s listings not in the Hamptons: