Like most Hamptonites, KDH loves to look at real estate~ whether it’s big, small, on the beach or farm, modern, or a tear-down! Personally, I prefer Hamptons homes that tend to be more traditional, and older construction, but there definitely seems to be an increasing market for the slick contemporary look.  Below, check out this new to the market East Hampton home that has been creating quite a buzz…

Corcoran senior vice president Bryan Midlam told Hamptons Magazine that this house hidden away in the north west woods of East Hampton provides a  “true, architecturally designed modern home. Rarely is a home of this architectural caliber brought to the market in this price range.”

Listed at $2,195,000, the 3,000 sq foot home, located at 45 Ely Brook Road, is equipped with five-bedrooms and three full baths all in keeping with the modern aesthetic of the designers of Fernlund + Logan Architects, who constructed the home in 2003.

Bryan adds, “The clean lines, minimalist sensibilities and chic outdoor living spaces make this an opportunity not to be missed. Not surprisingly, features of the home have been widely published in Dwell, Ideales Heim, Hamptons, and Telegraph Magazine.”

Minimalist design meets the Hamptons resulting in a true modernist beach house. Upon entry you are greeted by a living area flooded with light. 5 bedrooms adorn this modern marvel, with 3 full baths, a wood burning fireplace and top-of-the-line everything.

Two separate living areas, one on each level, gaze through walls of glass to the backyard oasis equipped with a generous patio, decking, heated gunite pool and a rolling lawn. Built in 2003 and then expanded and further renovated in 2009, this home is fully equipped with all of today’s conveniences from Miele and Liebherr, to central sound and a bridge leading to your master suite.

The home is surrounded by lush greenery and boasts easy access to some of the best hiking trails on the East End. On describing the area Midlam states: “I’d say if you look at a map, the amount of green space outweighs the usable residential space, which is a rare thing…Cedar Point County Park is right around the corner, and in my opinion that’s the hidden secret up here.

For more information on this home contact: Bryan Midlam, The Corcoran Group, 51 Main St., East Hampton, 907-1470; corcoran.com

The link for this listing, go to:  http://corcoran.com/property/listing.aspx?Region=LI3&ListingID=26720

PSST!! Wondering what the current state of the Hamptons real estate market is right now? Bryan shares some news from the recent 2nd quarter market report which shows some interesting figures:

The market as a whole has seen a spike of activity this year. The median price across the Hamptons is down 5% but the number of sales are up 2% and the $$ volume is up 5%.  Combined with a decrease in the inventory of 1% these are all good indicators of a small sense of stability that buyers need to be confident to make a move.  Inventory has been slowly on the decline and seems to be continuing that trend.

Many of the areas were consistent with these numbers. The big winner of the quarter was Wainscott with a huge increase in # of sales (100% increase), median price (105% increase) and $$ volume (222% increase) over 2nd quarter of 2011!

Southampton Village felt the most pain with a decrease of 46% in median price and 19% decrease in $$ volume compared to 2nd quarter 2011.  That said, the Village did experience a huge jump in sales of 37% over the same time period.