Valentines Day 2018 and 4th Quarter 2017 Statistics

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 can confuse buyers and sellers. The good news is that Shelter Island real estate is doing well.

Like 2016 and 2017, 4^th quarter 2017 sales were strong–with 31 transactions totaling $50,916,799: 17 inland home sales of $16,900,899; waterfront sales of $31,865,000 and vacant land sales of $2,150,900.  

Notable transactions for the 4^th quarter were:

• 27 Shore Rd, Dering Harbor Village – listed 8/21/14 at $13,950,000, last listed at $11,995,000 and sold on 12/1/17 for $9,500,000;
• 25 Winthrop Rd – originally listed 10/20/10 at $6.2m then taken off the market, and sold 11/16/17 for $6.8m;
• 11 Westmoreland Dr – listed 9/7/16 at $5,350,000, last listed at $4.15m, sold 12/14/17 for $3.5m;
• 34 Little Ram Island Dr – listed 3/1/17 for $4.45m, sold 11/17/17 for $3.4m;
• 79 N Midway Rd – listed 7/24/17 for $2.995m, sold 10/3/17 for $2.85m;
• 26 Margarets Dr – listed 6/12/17 for $2.49m, sold 10/27/17 for $2.040m;
• 46 N Midway Rd – listed 3/26/10 for $1.995m, removed from the market and sold 11/29/17 for $2.1m;
• 2 Hagar Rd – listed 9/16/16 for $2.275m, sold 10/11/17 for $1.9m;
• 26 Country Club Dr – listed 10/28/15 for $1.985m, last listed for $1,689m, sold 10/17/17 for $1.5m;
• 5 Sunshine Rd – listed 7/15/17 for $1.575m, sold 10/31/17 for $1.45m;
• 142H N Ferry Rd – listed 4/14/14 for $1.655m, last listed at $1.45m, sold 11/10/17 for $1.325m;
• 171D N Ferry Rd – listed 8/11/17 for $1.35m, sold 12/29/17 for $1.3m;
• 29A Osprey Rd – listed 6/16/14 for $1.2m, sold 12/8/17 for $999,999;
• 63 North Menantic Rd – listed 7/20/17 for $1,095,000, sold 11/15/17 for $965k;
• 43 Brander Parkway – listed 2//29/16 for $875k removed from the market and sold 11/17/17 for $880k;
• 17 Dinah Rock Rd – listed 3/7/16 for $1,050,000, sold 10/31/17 for $925k;
• 25 Great Circle Dr – listed 8/12/15 for $925k, sold 10/24/17 for $820k;
• 5 Crescent Way – listed 3/25/16 for $995k, last listed at $895k, sold 12/1/17 for $875k;
• 14 Great Circle Drive – listed 8/9/16 for $895k, sold 10/27/17 for $837,500;
• 10 Glynn Drive – listed 5/26/17 for $885k, sold 12/1/17 for $832,500;
• 16 Glynn Drive – listed 7/20/17 for $830k, sold 11/8/17 for $796k;
• 2 Hudson Avenue – listed 5/25/15 for $949k, last listed at $845k, sold 12/21/17 for $725k;
• 12 Emerson La – listed 2/22/17 for $695k, last listed at $659k, sold 12/12/17 for $595kk
• 4 Bateman Rd – listed 4/28/17 for $625k, sold 11/29/17 for $584,900
• 3 Wade Rd – listed 4/11/17 for $595k, sold 10/3/17 for $575k;

In 2017, many buyers moved from one Shelter Island property to another, expanded their portfolio of Shelter Island holdings, had rented here and then purchased property, or had focused their search for real estate to Shelter Island only–underscoring the love and affinity buyers have always seemed to have for Shelter Island.