Business Briefs: Valentine’s “Staycation”, Year-End Real Estate Reports

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A room at the Bake House 1650 in East Hampton.

Valentine’s Day “Staycation” at The Baker House 1650

East Hampton Village’s Baker House 1650 offers couples’ a romantic getaway this Valentine’s Day. The bed and breakfast offers modern amenities, concierge services and oversized rooms. To celebrate Valentine’s Day, Baker House is offering a special package for two, including one night’s stay, a couple’s massage at the Inn’s Baker Spa and a bottle of champagne.

The package is available from February 10 to 14 and rates range from $575 to $1,555 depending on the date and room. Additional nights are available based on availability at an additional cost.

The Baker House 1650 is located at 181 Main St. in East Hampton. Guests must mention code ROMANCE when booking. Call (631) 324-4081 or visit bakerhouse1650.com for more information.

Douglas Elliman Reports for 4Q16

Douglas Elliman Real Estate has released the 4Q Elliman Reports for Long Island, the Hamptons and the North Fork.

According to the report, on the South Fork, the market remains soft at the top and sales declined across all markets. Larger declines were seen over the $5 million threshold. Price trends were down because of fewer high-end sales. The market was essential flat in the mid-tier, according to Douglas Elliman, rising below $1 million and declining above $5 million. Supply is declining overall but still rising in the luxury market, which suggests continued weakness over the next several quarters. Sales increased year over year for first time in more than a year and listing inventory slid year over year for 5th consecutive quarter. The luxury market outperformed the overall market by price trend and there was a rise in the share of sales above $5 million. Median sales prices declined 13.2-percent to $825,000 overall, with average sales price edged up 0.6-percent to $1,746,413. The number of sales increased 2-percent to 517, days on market was 142, up from 161, listing discount was 8.8-percent, down from 10.2-percent and listing inventory fell 10.4-percent to 1,533.

On the North Fork, more sales as inventory fell, resulting in the fastest paced market in a decade. The North Fork had the most fourth quarter sales in over a decade and the fastest market pace since 2008. The increase in sales overpowered supply as inventory dropped and the median sales price slipped after nine quarters of year-over-year growth. Median sales price slipped 0.2 percent to $515,000, number of sales jumped 19.9-percent to 199, and listing inventory fell 23.4% to 472.

Cook Travel Relocates Offices

Cook Travel, a luxury travel agency that has been serving East Hampton for the past 33 years is moving out of its office location on 20 Main Street. The business is consolidating with partner offices in New York and Greenport. Cook Travel has been a leading resource for discount prices in first and business class airfare since 1984.

The transition is part of a move to meet the changing demands of the high-end travel industry. In the past, customers came directly into the storefront to book their flights. Today, Cook Travel serves flyers all over the world through its online global network.

“We are still serving our regular clients, but much of our business has moved online,” Maryann Cicio, a seasoned travel expert and longtime agent with Cook Travel said. Her specialty is Italy, but she can get you seats to anywhere in the world. She offers discounts ranging from 10-percent to 50-percent off published prices in business class.

“When you buy tickets through an anonymous online booking engine like Travelocity or Expedia, you don’t know if you’re really getting the best deal,” Ms. Cicio said. “Our loyal customers tell us they prefer to speak to an agent. They know our names so there is more trust. That is how you get the most reliable service.” Ms. Cicio gives her home and cell numbers to clients, so she can be reached around the clock. If something goes wrong with a flight, she says she will find the best solution fast. Cook Travel is the last full-service agency still operating in East Hampton.

For more information, call (631) 324-8430, email rachel@cooktravel.net or visit cooktravel.net.

“Wine” Down at Indian Wells Tavern

Indian Wells Tavern will offer half-price bottles of wine every Thursday and Sunday night. On Thursdays, diners can enjoy half-price bottles of wine alongside their prime rib promotion, which includes a soup or salad to start, followed by prime rib served with baked potato and vegetables for $29. On Sunday, diners can enjoy half-price bottles of wine alongside a la carte Chef Specials that will change weekly.

Some sample chef specials include fresh octopus char-grilled and tossed in a salsa verde with baby greens, crispy Capicola salami and port wine reduction, an apple walnut salad with pomegranate seeds, tossed in a pear vinaigrette, topped with gorgonzola cheese, pan-seared tuna served with a savory ginger crust, over a grilled pita Panzanella salad of mixed olives, grapes, tomatoes and baby greens, a char-grilled veal chop served over roasted potatoes with fresh vegetables finished with a prosciutto garlic butter, and lobster ravioli tossed in smoked gouda and brie cream sauce.

Indian Wells Tavern is located at 117 Main Street in Amagansett and open seven days for lunch and dinner from 11:30 a.m. to 10 p.m. For more information call (631) 267-0400 or visit indianwellstavern.com.

Brown Harris Stevens’ Year End & 4th Quarter 2016 East End Market Reports

Brown Harris Stevens released the Year End & 4th Quarter 2016 East End Market Reports last week.

Prices averaged $1,868,414 in the Hamptons during the 4th Quarter of 2016, 23.1-percent lower than a year ago and the median price declined 8.3-percent over this time, to $1,100,000. The number of East End sales dipped 21-percent compared to 2015’s 4th Quarter and in the Hamptons, 4th Quarter total dollar volume dropped 42.3-percent to $547 million compared to the 2015 4th Quarter, while the North Fork total dollar volume decreased 1.3-percent to $78 million during the same time.

In the Hamptons, the number of sales in 2016 fell 7.3-percent compared to 2015.Total dollar volume dipped 11.5-percent to $3.57 billion. While most of the South Fork saw a decrease in sales in 2016, Shelter Island realized an 18.1-percent increase in transactions and a 36.7-percent rise in dollar volume, according to BHS. Bolstered by 8 sales over $5 million including two over $10 million, total dollar volume in North Haven rose 93.3-percent. Sag Harbor Village and Westhampton also saw a higher numbers of transactions as compared to 2015.

New Arrivals at Romany Kramoris for Valentine’s Day

Romany Kramoris Gallery has many new arrivals in just in time for Valentine’s Day. Some items include hand silk-screened cards from American graphic designers, clay pottery hearts, French colognes, hand-blown glass perfume bottles, and many more one-of-a-kind gifts for your special someone. Visit to see the specials on Valentine’s poetry books and gifts.

Romany Kramoris Gallery is located at 41 Main Street in Sag Harbor. For more information, please call (631) 725-2499 or visit KramorisGallery.com.

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