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

This Thanksgiving season, those involved in the real estate market on Shelter Island have much to be thankful for. The third quarter 2016 showed an increase of over 23% compared to the same period in 2015. 2016: 19 sales totaling $33,468,000, with a median price of $920,000 2015: 24 sales totaling $27,131,339 with a median price of $792,500 Some of the highlights of the third quarter Continue Reading

The summer real estate market on Shelter Island has been brisk indeed. The weeks leading to Memorial Day fast tracked certain transactions. In between beach and BBQs, customers, some of whom had been shopping for a home off the island, decided Shelter Island is a good place to invest their real estate dollars, and placed offers. Here are a few highlights: 121 North Ram Island Drive, 2.6 Continue Reading

With the last two weeks of the summer season into full swing, the activity in the real estate sector has gone from very busy to a fever pitch, with many customers aiming to view properties before their vacations have ended. Scheduling has always been a challenge in real estate, but summertime requires more finesse. This time of year, sellers and their families are utilizing their properties for Continue Reading

Friday, August 5th through Sunday August 7th , contrary to the calendar, felt like the official start of the month of August; July 31st fell on a Sunday at which time many tenants moved out of their rentals, and many August tenants did not move in until Friday August 5th. During the week, there was a lull that fell over Shelter Island, indeed, throughout East Hampton, Southampton, Bridgehampton Continue Reading

This past week, history was made when a major political party nominated a woman for President of the United States. I stopped to think about what my maternal grandmother, born in Japan in the early 1900s, would think if she were alive today. Although my grandmother and my mother were both raised in a different era in a country where women were not given equal footing by any measure, they were Continue Reading

The last week of July has brought new group of prospective buyers to the real estate market on Shelter Island. This season, it appears many new customers are property owners on the South Fork looking to make a change. Customers I have been working with have expressed new found affection for the island and it's distinctly different appeal from the South Fork. It is uplifting to hear relative Continue Reading

First half sales statistics in the Hamptons and Shelter Island continue to be discussed in the news. As mentioned in my prior market report earlier this month, Shelter Island experienced a strong first half. The 2nd quarter brought 19 total transactions totaling $24,277,810 with a median of $950K. This is an improvement compared to 18 total transactions in 2015, a year ago, totaling $17,650,900 Continue Reading

As 4th of July vacationers enjoyed the sunshine and beaches, midyear statistics for properties sold were being tallied. The numbers are positive with a total of $57.735M sold and closed. Inland homes lead the way with $25,967,500. Properties up to the $1M mark have continued to be most in demand. With the topic of affordable housing in the news recently, it is worth noting that out of 27 homes Continue Reading

As 4th of July weekend approaches, the summer 2016 real estate market has officially commenced, with many customers scurrying to secure a last minute rental. At Tuesday’s Town Board meeting, the topic of short term rentals was again discussed. Town Supervisor Jim Dougherty said “AirBnb’s are an increasing phenomenon on Shelter Island. There are good sides and bad sides to this unfolding Continue Reading