Episode 131 - Vincent Horcasitas

Discussing The First Half 2023 Market Report

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Transcript

Andrew Doud 0:08

All right everyone, it's Thursday. I'm Manager Dowd, and it's time for our Happening in the Hamptons Podcast, our weekly breakdown of the Hamptons market, new listings and events on the East End. We are sponsored today by New York Title Abstract, the Hamptons leading title insurance firm. Visit NewYorkTitle.com. Joining us, Steve Glick, Dave Retiner, and today a return guest, the hardest working broker in the Hamptons, Mr. Vincent Jorcas.

SPEAKER_03 0:32

I'm doing great. Thank you for having me here today. I'm very excited about uh hearing the numbers.

Andrew Doud 0:37

Now it's always good to get your take. Obviously, you do a lot of real estate out east here, and uh and we'll get to get to your take on the future of Hampton's real estate in just a little bit. But first I want to tee up Steve with the first half market report of 2023, kind of an overview uh of where we've been at for the first half of the year. So how's it looking?

Steve Glick 0:55

All right, so Saunders puts out their market report six weeks after the market closes, just to make sure most of the trades get recorded so we could put out the most accurate market report here in the Hamptons. So let's get right to it. So for the first half of 2023, the market report is not the most positive, but we do see some positive news and some light at the end of the tunnel as we go through the report. But off the bat, you know, the first half market report for home sales saw our transactions down 56% and the dollar volume down also 56% as you compare it to last year in 2022. However, positive news, the median sale price is still increasing and it's up 5%. And this is across the board of all Hampton's areas. Now, if you just go look at the second quarter alone, the second quarter sales transactions were down 59%, the dollar volume was up 65%, the median price was up 2% just in the second quarter. So you when you look at this from face value, you think, oh my gosh, this is is going down. This is the worst report ever. But it's not really um because I went back and looked and said, let's just look at the second quarter alone. Looking at the second quarter alone, there was 730 million dollar volumes in sales in one quarter. The quarter prior, the first quarter, there was 689 million. So we're seeing an increase from quarter over quarter. If you go back to the third quarter of 2022, in one quarter, there was$557 million in dollar volume transacted in the Hamptons. So when you look back at the third quarter and fast forward to the second quarter that we just passed, that's a 31% increase. So quarter over quarter, we're constantly seeing the dollar volume creep up and an increase. So I would say if you look at this, what was rock bottom? The third quarter of 2022 really hit a low point, but now we're slowly increasing up as we um come in here as we round out the second quarter of 2023. That's the market report. And I'm curious to hear what Vince has to say as we um just completed the first half of 2023.

SPEAKER_03 3:04

Well, I kind of think we're back to like 2018 and 19 numbers. It's to me, it's like normal real estate again. I mean, we had these, you know, 21, 22 numbers that we are always comparing them to because we're in 23 now, and those numbers were you know through the roof. So I think if you look at the numbers from you know this first half of the year and you compare it to 2018 and 19, I think they're probably pr pretty similar.

Steve Glick 3:27

Yeah, that's the you're right. That's where we're to get a real true picture of the market. You gotta extract those COVID years because those are an anomaly, and they're really gonna skew those numbers. When we're looking at, you know, down 56% in sales transactions at dollar volume, it's just it's just crazy.

SPEAKER_03 3:43

Yeah, I mean, it just takes longer to sell homes now. It just it's not the same market. I mean, it you know, it m most people now they put their house on the market, and in the first couple months of it's not sold sold already, they're already like, well, what's going on? I'm like, what's going on? Is it sometimes takes six months to sell a home? That's normal really that's normal.

Dave Rattiner 4:00

It's strange to me that I mean people think that it should be the same market as it was during the COVID pandemic. They keep thinking that's bizarre.

SPEAKER_03 4:11

They keep thinking this is a primary market. We're not in a primary market, we're in a secondary market, right? So these people don't have to buy here, they have homes other places. This is usually a third home or a fourth home, or you know, the primary market is you know, it's it's not a primary market.

Dave Rattiner 4:26

They also don't have the sellers also don't have to sell. Because and is it's is are you experiencing that where the seller says, you know what, if they if I can't get the number, then just forget it. Is that happening with you?

SPEAKER_03 4:38

So I think there's just a you know, there's it's let's start with what's going on in the market. So here for August, we're getting a lot of showings. A lot, a lot of showings. I had one property that I just listed. Um I had 17 showings in two weeks on the property. 17. Yeah. Okay. Couple offers. Seller wants Y, buyer only wants to pay X. There's a separation between the two numbers, and that's why the transactions aren't as much. It's still the seller sort of wants this number, and the buyer is still not quite giving the numbers. So we're the action is there. It's just the the you know, they we're not coming to a meeting of the minds with the price. That's really what's going on.

Andrew Doud 5:16

I think we've we've discussed at length, too, that the buyers are very educated. You know what I mean? People know what they they have agents maybe representing them that they they say, look, here's what this house is valued at based off the comparable sales in the area. And then they go to that house and they say, Look, I want to I here's what I think it's worth. And if the seller thinks, well, you know, I want another hundred, five hundred, what you know, million, whatever the case may be, there's that standoff, uh, that stalemate. And uh, and like you said, if they don't have to sell and they don't have to buy, you know, yeah, you got to have a lot of people. Everybody wants a win.

Steve Glick 5:50

Everybody wants that little discount or that little win. I mean, even when I'm negotiating on something small to do at my house, I just I just want a little bit off the price. Just give me give me something so I can say, all right, I got I got the guy down a little bit, you know. So let's let's go.

SPEAKER_03 6:03

The seller's never happy and the buyer's never happy. They always feel like they sell it too short and the buyer always feels like they pay too much. That's that's real estate.

Andrew Doud 6:09

It's like if you if you sell the house too quick, then they say, Well, I should have lifted it for higher. It's like, no, you sell you you put it right where you needed to put it to get the house sold. It's like, you know, uh if if you're representing that buyer or that seller, then you've coached them up properly and you put it at the right price, and the house moved. Perfect. That's what you want to have.

Steve Glick 6:26

So, Vince, what's your take on seeing the median sale price uh consistently going up? We just saw the median sale price now up a dish another 5% um this year, but sales transactions are down significantly and the dollar volume. But what is attributing to the median price uh continuously rising?

SPEAKER_03 6:45

Well, I I just think that you know, again, everybody sees these high flying prices that sell the sevens, the tens, the twenties, the fifty million dollar homes that are selling. But you know, the bulk of our business out here is under three million dollars. So, you know, homes that are priced, you know, at a million and a half or a million eight or whatever, they're going up. You know, the price to live out here, there's just you know, it keeps going up.

Steve Glick 7:07

It's hard to find a home under a million dollars now. I mean, looking at the mark report, there are 145 trades under a million, which is down 56%. So all those million dollar homes are now in the two million dollar.

Andrew Doud 7:18

Yeah, it's not that they're not selling, it's just that there's fewer of them.

Steve Glick 7:21

They don't exist.

Andrew Doud 7:22

Yeah.

Steve Glick 7:22

Um, but the new median sale price for home sales in the Hamptons is$1.78 million. It's the new, it's the new median price. So we're seeing that happen. And look, a lot of it's related to lack of inventory. You know, we keep talking about the inventory. You know, why is the sales transactions down? Why is, you know, how come we're not seeing more trades? It's because there's there's no inventory. If we had the inventory, these numbers would be a lot higher.

SPEAKER_03 7:46

I mean, I think people keep forgetting that, you know, not too long ago, we used to have 4,000 to 5,000 homes on the market on a regular basis. You know, that's between land, commercial, and residential. And what we have now. Now we have 1,300 homes. Yeah, we got like 1,300 active. And a lot of those are in contract. But we have 1,700 listings, and uh 400 of them are in contract, right? Yeah, it's crazy.

Steve Glick 8:08

It's it's just unbelievable to see. Like you said, you had 17 showings at a property that's 17 willing and able buyers that want to transact here in the Hamptons. They're all looking at one property. Now, you know, they that may have not been the property they wanted, but they're still waiting to see. So the buyers, the buyer pool exists out there, they're just limited inventory. Very active, very active, very active. Limited inventory. Um, I want to jump to new construction. This is something you you are a specialist in. You represent a lot of new construction. What's happening in the new construction world? Is there land still being developed? Is there land to purchase? And are builders still investing here in the Hamptons building new construction?

SPEAKER_03 8:46

Well, I would say that you know, there's a lot of new construction that's going on. I'll just talk about five new constructions that I'm representing from 3.7 million to 25 million. And, you know, they um, you know, we're we're getting action on them. We've had a couple of them where we've had contracts on on several of them that we were selling them before they were done. So, you know, that's uh is the true sign of the market, in my opinion. You know, there's a statistic that I'd like to find out of how many new constructions that are on the market and what that um what that data shows on that. How many how many new constructions are on the market and how many are in contract that are that are new construction?

Steve Glick 9:25

I'm gonna start tracking that because that is a good barometer to get a a good sense of the market. If builders are building and investing in the Hamptons, that's a good thing, right? If we see new constructions continuously rising quarter after quarter, that's great. Once we start seeing that decline, then we're like, all right, why how come there's not how come they're not building? Now, if someone wants to build here in the Hamptons, is there land to still purchase? Is there still development properties?

SPEAKER_03 9:49

Not a lot, I'll tell you that much. There's not a lot. There's not a lot south of the highway. It's very limited south of the highway. And it's I think anywhere. I mean, when you take a look at what is on the market for land compared to what they're there, what there used to be, it's it's it's limited. You don't have a lot of choices. Um what's nice to see is the builders are keep upping their game and and they're you know changing what they're doing in the construction of what they're doing. And some of these homes are just so beautiful in the craftsmanship and the workmanship and the design and everything that they go that goes into these things are just you know it's not cookie cutter.

Steve Glick 10:21

I you I know you represent a couple properties, but one's a couple of them that stand out to me are 33 Jobs, six Marley, and 200 rows. And all these are unique where they're not your traditional Hamptons home, right? They're like a modern contemporary feel. Are you seeing more of that?

SPEAKER_03 10:39

Yeah, I mean a six Marley is um amazing in the construction that they did did there. They, you know, there's every bathroom is you uniquely done. Every fixture in the house is different for every bathroom. Lighting, the way they have it lit inside and outside, um, it's nearing completion. Next couple weeks that'll be done. We have an open house there this week on Saturday from 10 to 11.30 um on that property, and that is uh 10.6 million. That's gonna be um beautiful. That has a couple things that are quite unique about that property is the yield. First of all, you have a 90% clearing on that property, which in that area uh Amigans at South, you can't get that. And in the village, you could never build the size of a home. That's an 8,000 square foot house on that property south of the highway. Um very excited about the completion of that. And um, I've been showing it lately, and it's just uh it's it's it's great to see it because it's uh so unique. What they did with the materials and everything they did in there is uh like even though this is a build a builder is building it to sell, not to live in it.

Steve Glick 11:44

I wouldn't even call this a spec home. You know, people say, oh, a spec home is just a custom home. It's definitely it's custom. There's no that spec word is like that's a great that's a great thing.

SPEAKER_03 11:53

You know, 200 rose hills like that. I mean, you know, the to see these uh properties that you press a button and these 10-foot, you know, four doors move over and in and and and and disappear into a wall, and then you're outside, you know, on this 2.4 acre property overlooking a 68-acre reserve. I mean, it's just um, you know, I feel very fortunate to be representing these properties. I'm very uh enthusiastic about them. And um, you know, even um, you know, uh uh there's a property on Bridey's Path, 14 Brides that's nearing completion, and I've been watching that go a lot. Yeah, great street. Dave, you want to mention anything about the street since you live on it?

Dave Rattiner 12:33

I live on the street. Um what I love about Bridey's Path is well, there's several things I love. The first thing that comes to mind is it's so convenient to Sag Harbor and to Southampton. So I feel and Bridgehampton, so I feel like I live in all three of those towns because it's the same 10-minute drive to Sag Harbor, it's the same.

Steve Glick 12:55

It's a good middle point. You're like right there.

Dave Rattiner 12:56

So, like, if I feel like going to Sag Harbor for dinner, that doesn't that doesn't feel any different to me than going to Southampton street.

SPEAKER_03 13:04

How do you feel about having a new construction on your street?

Dave Rattiner 13:06

I'm very excited that Vince Arquisitas is represented a new construction.

SPEAKER_03 13:09

Yeah, how long does it take to build that home? And I am shocked.

Dave Rattiner 13:12

I've been driving away and I drive by it, and I was like, oh wow, they're knocking the trees.

SPEAKER_03 13:16

That's the completion date on that is those guys incredible. They're incredible. They're they're they're um putting that up. Uh the kitchen's being delivered this week, floors are going in this week, and that house is. What's the price?

Steve Glick 13:28

What's the price?

SPEAKER_03 13:28

3795, a little over 5,000 square feet. New construction.

Dave Rattiner 13:32

New construction and it's huge. It's absolutely huge.

Andrew Doud 13:36

3795, man. You're nice. Your property value just really nice. Great.

Dave Rattiner 13:40

Well, I'm at the end, well, I'm at the end of the street. Still. And I'm not a new construction. Like it's only great spot. But I will say, let me tell you say one more thing about Braddy's because um it it it is one of those streets that was like kind of traditionally like locals live there, you know. But every local that lived there really takes care of their house. So it's attracted and it's surrounded by second home. Like the all of the other streets that are in the area are mostly second home luxury houses. So there's like this one street, Brioty's, that you know, still has you know people like year-rounder. And it's very obvious to me, anyway, that you know, Brides is every new house that's gonna come in, and every new buyer that's gonna come in is gonna build one of these luxury houses.

Steve Glick 14:28

It's always good to see new construction in a neighborhood because that's gonna bring in the home values up in the immediate area to see that builders uh are investing, reinvesting back in the Hamptons, and just it's upgrading everyone's property value.

SPEAKER_03 14:40

So it's just a positive the other house I want to touch base on is Mercer Construction on 418 Butter Lane. Okay. Um that is um being framed out. Windows will be going in shortly on that. Um that's listed at just under$10 million at$9 million. Um, and uh Brian Glasser is the architect on that, and um that's it's uh another uh you know amazing uh uh level of construction that's going on there. Um but yeah, the shortage of uh land out there is uh you know is a concern. It's hard, you know, everything uh is uh going up. That's why the prices keep going up because the land prices are more expensive. Um construction isn't getting any any cheaper, right? And the whole the whole thing keeps moving up and and these things get picked off. Uh new price points get keep uh keep getting um broken. I I know neighborhoods out in the northwest woods of East Hampton as an example. I just saw you know close to a five million dollar trade over in um or in contract on uh on a property deep in the northwest woods. I mean, then you never got that kind of price in the in the northwest woods, and now it's becoming sort of a regular thing.

Andrew Doud 15:49

That's where you might have been able to find like under a million a couple years back, and and and that was like if something was under a million, it was gone. Now it just doesn't exist. Now if it's under two million, yeah, you know, you know, Vince, let me ask you something.

Dave Rattiner 16:01

You know, what's because you you you know good construction compared to bad construction, and to be honest with you, I don't. And so what are your like I think it would be helpful to listeners, like what are some of the signals that say to you, this house isn't built that good, or I'm a little concerned.

SPEAKER_03 16:17

No, you can just walk into some houses and you can just jump up on the floor, and when you feel the house kind of rattling a little bit, it's just you know, it's just not, you know, it's it's sometimes you can just you know feel it by just walking through it. You can feel that you know, you it's the walls aren't insulated properly, the floors are just you know not they're moving a little bit. So it's just it's it's a little bit more. It's literally a feeling. It's a feeling of uh, you know, you can tell also by the developer who's uh uh building the house how how clean the house is, how you know, how they're running their job. The job site. I was just gonna say that the job site.

Steve Glick 16:52

So many times I go on these job sites and they're a complete mess. Yeah. And I'm like, all right, what's going on here? And then it just automatically you're thinking, like, well, if the job site's a mess, what type of construction's going on? Right. Other job sites you go to, it's like it's pristine. Right. The floors are swept every night, all the garbage is gone, and you know that the build the architect, the builder, they're meticulous about keeping a clean job site. They're gonna be meticulous about the build, and it's gonna be a quality construction.

Dave Rattiner 17:19

Are there any other like materials that are? Well, we're gonna finish off yeah.

SPEAKER_03 17:22

We want to finish off with uh a Connor development on 33 Jobs, which is uh really that's nearing completion too. Like these are all kind of coming to the market and gonna finally be completed here. I shouldn't say finally because they've uh built them in a in a very good time, but 33 Jobes Lane is listed just under 14 million dollars. It's um a contemporary um that uh has about 8,800 square feet. Uh it's got a 20 by 50 gun height pool, it has an accessory structure, outdoor kitchen, um, you know, 10-foot ceilings and eight-foot doors throughout the house. Um, you know, a lot of special features in it. The master bedroom is great with a sitting room and um two outside balconies. Um the lower level is you know high ceilings with uh two bedrooms with lots of light coming through with the egresses. So the finished the finished construction in there and the designer and all that putting that all together, um, that's a very special project, too. They're just you know going to start doing the landscaping that's gonna really come into its own. Um and and Greg Connor is doing a great job on that.

Andrew Doud 18:28

And you're right down the street from the beach. And you're right down the street. Less than a mile from the beach.

SPEAKER_03 18:32

You can actually, when the wind's blowing uh, you know, the blowing north, you hear the ocean. Yeah, it's great. And you got Ludlow Farm in front of you, which is a 140-acre farm that you know, I don't think that's 140 acres, but as far as you can go, all the way out to wheat and wheat and whey, there is just a reserve, and it's it's great. You feel like you're in the country, you see cows walking around and it's like that's the that's what you're buying when you get in the Hamptons.

Steve Glick 18:54

You know, you want that that country. Fresh air and space. Dumm, we uh went over the first half. Where do you see you know the second half of the year going?

SPEAKER_03 19:02

I think it's gonna I think it's gonna click. I just feel like there's you know, it's a gr when you have properties that are being shown as many times, you know. I have uh two other um properties that can either be like what I call an end-user deal or a development deal. Those are 84 Wainscott Hollow Road, which is 1.4 acres, elevated. Um, it has like a 28-acre reserve behind it, and also has a 60-acre reserve and a working farm uh to the east, and it's a mile from the beach from Beach Lane and Town Lane, and and you can put tennis on that property, and it's uh you know an older home, but great bones on the house. So I have a lot of showings on that property. Also, 25 Jobes, which is a flag lot, very close to 33 Jobs, you know, is being shown four times a week. Wow. And uh, when you show a house four times a week, uh, you know, that's a good sign that you know we're getting offers and we haven't uh hit the number yet, but um, a lot of interest in these properties um for a couple different reasons.

Andrew Doud 20:02

Yeah. And I'll tell you this the uh the idea of your new construction, you can like jump on the floors and say he's not the first agent that's told me that. He's not even the first agent that's demonstrated that. I've been in listings with other Saunders agents, they're like, look at this. Look how solid this house is built. And they're like hopping around. But it's true, right? Like the floor doesn't move. And you go into the house shakes when you jump in, it's not a good sign. And like you go to 200, uh 200 rows away, right? I'm gonna get home and start jumping around.

Dave Rattiner 20:27

My wife's gonna be like, what the hell are you doing? I'll be like, Do you feel anything?

SPEAKER_03 20:31

When you're gonna walls and you actually see a construction like at 200 Rose Hill where they're pouring concrete to the roof.

Dave Rattiner 20:38

Wow.

SPEAKER_03 20:38

Okay, forget about pouring concrete in the on in the on the slab in the basement. Yeah, right. When you're pouring concrete all the way to the roof, it has a whole wall of glass on the back.

Andrew Doud 20:47

You know what I mean? You can talk about those doors that open up. I mean, it's like it's it's a wall of windows built out of concrete, if that makes sense. So if you're interested in that, check it out.

Steve Glick 20:56

Saturday.

Andrew Doud 20:58

Um that's good stuff. So let's uh let's just jump over to the this week's numbers. We've kind of gotten the this the first half market report, but what's this week look like?

Steve Glick 21:06

Yeah, this week there were 17 listings that went into contract from West Hampton and Montauk. Last year there were 28, decrease of 39%. 2021 there were 39 listings, decrease of 56 percent. The 17 transactions, there was one between six and eight, two between four and six, eight between two and four, and six under two million. The dollar volume was fifty-nine million, which is down seventy-three percent from last year, which was 192 million. The year prior was 133 million, decrease of 62 percent. But the positive news this week again is the increase in the inventory. There were seven new listings. Um the invent no, there were twenty four new listings, so it increased the inventory by seven listings. The breakdown of those twenty four new listings there was one over twenty, three between ten and twenty million, one between six and eight million, three between four and six million, six between two and four million, and ten under two million. The inventory stands at seventeen hundred and eighty. Three total listings with thirteen hundred and forty-two active and four hundred and forty one in contract.

Andrew Doud 22:05

There you have it. I know Vince uh probably has a very busy schedule, so let's send it right over to Dave with what he's got going on this weekend.

Dave Rattiner 22:12

Yeah, pretty cool uh live music events this weekend. So you have the live Lynn Blue Blind band at the Montaucket, which is a cool like restaurant slash would you call it more like a bar? I guess I would call it more like a bar. Montaucket? Is it in Montauk? It's in Montauk, yeah.

SPEAKER_03 22:29

Montaucket is a great place to go see the sunset. Yeah, that's amazing.

Dave Rattiner 22:34

Is it would you say it's the best sunset?

SPEAKER_03 22:35

I would say it's right up there. It's really, it's really it really is um, you know, it's like a it's like a dive bar, but um, you know, they serve some food there and the sunsets are amazing. They have live bands out there, and you know, it's it's a great uh it's a great place to go check out.

Dave Rattiner 22:48

Yeah, very cool spot. Yeah, so that's from 6 p.m. to 8 p.m. on I'm sorry, that's from 6 p.m. to 8 p.m. on Friday. So you can check out the Lynn Blue Band Blue Band at the Montauket. Then I have another live event, the Kids Squid Bar slash beer garden in uh Sag Harbor presents live electric blues. Um, and that's running on Friday from 6 to 8 p.m. So if you can't make it out to Montauk, you can just go to the Sag Harbor uh Kids Squid Brewing Company. It's Sag Harbor's favorite brewing company. Um, and I have a lot of fun there every time I go as well. These are easy places to go, guys. This is like a fun, chill, just chilled out feeling. Then uh, if you want to get more fancy, you can go to the sunset music at Wolfer. Steve, you told me that you went there the other day and you sold me on it, man. You just go there, you pull in, and it's like a uh it's almost like a rock concert.

Steve Glick 23:52

Yeah, so it's uh I know the details. Friday and Saturday, 5 to 8 p.m. at the Wolfer wine stand, right up right on the highway. You can't miss it, it's right on the highway. You pull right in, free to enter, free to live music. Kids are welcome. Do you bring a blanket? Uh I did not, but people brought blankets purple. People brought uh beach chairs. You could bring beach chairs in, you just go in there with your whole beach setup, just plop right down in the vineyard and listen to some live music, grab a bottle of wine, glass of wine, to some like cheese. You can buy some cheese, little like uh charcuterie board by charcuterie board, right? And uh some chips, and uh but I'm sure you can bring it. God, that sounds fabulous.

Dave Rattiner 24:32

Like, I can't believe I've never done that. I always go to the building. It's great. I always go into the building.

Steve Glick 24:35

It was a surprise shocking surprise, but um, the wine stands. It was a home.

Dave Rattiner 24:40

Very rarely go out to the wine over there. Um and then so finally we have the our fabulous variety show presents Kids Night Out. What a great deal! So, this is being sponsored by our good friend Gary Cooper, who is a real estate agent in East Hampton at Saunders, and basically for 35 bucks for kids and 25 bucks for siblings, you can drop off the kid. Um, and they will basically be babysat, but there will be fun a bunch of fun movies, enjoy snacks and pizza dinner, and create some hands and crafty things. Um, so give your kids, so the idea is give your kids and yourselves a super fun night out without breaking the bank or hunting high and low for a reputable babysitter. How long is that? I think these guys are on to something. Thirty-five dollars. I think these guys are onto something for how many hours? For two hours. That's a five bar.

Steve Glick 25:36

Drop your kid off there for two hours?

Dave Rattiner 25:37

Yeah, yeah. Wow. Drop the kid off for two hours and go get dinner. Go to the beach, go somewhere. So I thought that was pretty cool. That's a home run, right? That is a home run. We'll see. Uh is that what's the legality though? Can't isn't it like three isn't the law like three kids per person?

Steve Glick 25:54

I'm sure they have enough uh I'm sure they got it figured out, Dave.

Dave Rattiner 25:57

So yeah. Yeah. And that is I'm not a lawyer. Obviously. I got into real estate.

Steve Glick 26:03

And that is what is so that's the weekend?

Dave Rattiner 26:05

Uh that's your that's what's happening. That's your Friday, Saturday, and Sunday. There it is.

Andrew Doud 26:11

Um, we're gonna let Vince get back to work. The man's busy, hardest working broker in the Hamptons. Thank you, sir, for joining us this week.

SPEAKER_03 26:19

Thank you for having me.

Andrew Doud 26:20

That's what we have going on, everybody. Enjoy uh enjoy the weekend. I'm Andrew Dowd, and that is what's happening in the Hamptons.