The 2017 statistics paint a favorable portrait of the Shelter Island real estate market with: 62 transactions totaling $123,636,299 and a median price of $852,500, representing a 2.08% increase to the 2016 annual total of $121,106,996. Because of the time it takes the County to record sold transactions, many entities that report on sales statistics often do so with incomplete information, which Continue Reading

With nearly two months completed during the fourth quarter of 2017, the market on Shelter Island has been brisk with approximately $23M in sold homes and approximately $12M in properties in contract, based on listed prices, for this period so far. The activity is consistent with 2016 for the same time frame, with Post Labor Day activity again proving to be more fruitful than Continue Reading

The real estate market on Shelter Island in the last 4 weeks since Labor Day has been productive for sellers and buyers alike, with 14 homes in contract and 4 homes sold. The strongest sector continues to be homes up to $1M inland while competitively priced waterfront properties which had been on the market in some cases for over 2 years found enthusiastic buyers. Since July Continue Reading

There was a palpable shift in real estate activities this past week. Ensconced in rentals, tenants who have children preparing for school got in their last licks at summer vacation, and in between all their activities, toured listings for sale to consider, and dream of as the place they might call home in time for the summer of 2018. Sellers, also trying to enjoy what might be their last summer Continue Reading

Each quarter throughout the year, assorted real estate entities publish statistics for each Town on the East End of Long Island, pulling numbers from a variety of sources. The statistics are based on: 1) when a deed is recorded by the County. The delay between the actual closing and when the deed is recorded can be weeks 2) data from a multiple listing service or “MLS.” Because East End Continue Reading

The first 10 days of August on Shelter Island have been a real estate whirlwind. August 1st brought the final summer wave of tenants moving into summer rentals, and without a moment to spare, those tenants ventured out to explore homes for sale. Listings in every price range were toured by both customers new to the market and those who have been searching for a while. Certain listings seemed to Continue Reading

The statistics for the second quarter sales for 2017 are starting to take as transfers are reported by Suffolk County. The final numbers are yet to be determined; however here is a tally so far: 27 East Brander Parkway – Listed 6/27/14 at $5.65M, last listed at $4.875M, sold 5/1/17 for $4,504,500, a 4102 sq. ft. harbor front traditional on .77 acre built in 2012 with pool and dock 2 Bay Continue Reading

One week before Memorial Day, there was a noticeable change throughout Shelter Island, with foliage filling in for a full green canopy, flowers blooming, boats returning to surrounding waters, and seasonal restaurants and shops now open for business. The business of the real estate market continues to be brisk, with customers taking advantage of historically low interest rates: 30 year Continue Reading

2016 was a year of starts and occasional pauses in the Shelter Island real estate market, as can often be the case in second home markets. Much of the year was robust with forward planning buyers researching the market and poised to act on a property meeting their criteria. New home construction and spec homes improved in 2016; this category frequently signals confidence in the market. Post Continue Reading