Hamptons Home Prices Mixed over 2018

A homebuilding expert and principal of Paramount Luxury Homes, William “Bill” Locantro is involved in all aspects of home construction and design. William Locantro has supervised the construction of hundreds of projects for Paramount, many of them in the Hamptons communities of Long Island. After a long lull, prices of homes in the Hamptons are bouncing back, according to data from Miller Samuel and Douglas Elliman Real Estate.

Following an almost two-year decline, the median price for homes in the Hamptons rose around five percent in the third quarter of 2019 over a year earlier. The falling prices were likely due to changes in the federal tax code that capped the deductibility rate of state and local property taxes, which made it more expensive to own property in states with high property taxes such as New York and California.

Sale prices of the most expensive 10 percent of homes continued to drop from 2018, with the median price falling around 11 percent to $3.5 million. As the inventory of homes continues to rise, prices may begin to align with buyer expectations, leading to increased sales in the coming years.

Paramount Custom Homes Provides Bespoke Construction Services

William Locantro of Babylon, New York, is owner Paramount Custom Homes, located in Long Island, New York. William Locantro founded the business in 1990, and through his careful attention to detail it has become recognized for its high-quality work. Paramount Custom Homes specializes in designing upscale homes with a variety of amenities.

Paramount Custom Homes provides clients with high-quality amenities as a standard part of their menu of options. To this end, custom kitchen cabinets and countertops are built with comfort and luxury in mind. Likewise, bathrooms are often designed with marble and expensive tile to create a polished appearance.

Because the homes are intended for high-end buyers, the team at Paramount Custom Homes is prepared to accommodate unique client requests. Some of the extras that can be provided include saunas, spas, wine cellars, and room conversions. Paramount Custom Homes prides itself in offering clients the flexibility to customize their luxury homes exactly to their tastes.

–William (Bill) Locantro

Three Ways to Give to St. Jude Children’s Research Hospital

Donate ballons Photo by rawpixel.com from Pexels
Donate ballons Photo by rawpixel.com from Pexels

A New York-based executive focused on luxury home construction and electrical construction, William Locantro currently serves as the principal of Paramount Custom Homes and owns Absolute Electric. In addition to his professional responsibilities, William Locantro is committed to philanthropy and has served as the co-chair of the St. Jude Children’s Research Hospital’s 2018 Hope in the Hamptons event.

Since 1962, St. Jude Children’s Research Hospital has labored to find innovative cures for diseases that affect children, and, each year, it seeks out donations and hosts multiple fundraising events to support its work. Highlighted below are three ways someone can donate to St. Jude.

Brick Donations
Brick donations start at $1,000 for a standard brick. The bricks pave the pathway to the Kay Research and Care Center, and donors may engrave a brick with the thoughtful words of their choosing.

Become a St. Jude Hero
Participate in one of multiple national races and raise funds for St. Jude to become a St. Jude Hero. As a Hero, individuals receive online training, race-day extras, and the opportunity to potentially enter into some of the most sought-after races in the world.

Payroll Deductions
The most efficient way to give, payroll deductions are easy and effective. Fill out the Payroll Pledge Form and a predetermined donation will automatically go to St. Jude with every paycheck.

–William (Bill) Locantro

A Look at the Hamptons of Long Island, New York

A principal of Paramount Custom Homes in Long Island, New York, Mr. William Locantro has built hundreds of luxury homes on the island. Mr. William Locantro is familiar with the long history its villages, known collectively as the Hamptons.

When Europeans arrived, five Native American tribes inhabited the area: the Patchogues, Peconics, Montauks, Poosepatucks, and Shinnecocks. The latter group aided the new arrivals – who gradually appeared on the scene beginning in 1640 – in exchange for protection. Relations between the colonists and the tribes were peaceful as the six villages developed distinctively:

– East Hampton. Witch trials were still in progress after the village’s founding in 1648 as one of the oldest white settlements in America. Agriculture and fishing powered the economy until the 20th century, when East Hampton became a popular destination for wealthy residents of New York City.
To this day celebrities flock to its beaches.

– Nearby Southampton was taken over by the British in the Revolutionary War. Ruins of an old fort still remain.

– Sag Harbor is adjacent to Southampton, drawing its share of rich vacationers. It was established in the early 1700s and features several historic locations.

– Montauk is at the far eastern end of Long Island. It accommodated cattle into the 20th century, but is now known for surfing and fishing.

–William (Bill) Locantro