Practicing Stay-At-Home Real Estate April 1, 2020 This past Valentine's Day, seemingly an eternity ago, the rental market was picking up, and sales activity was steadily progressing. Customers who had taken time off of their home search during the winter were coming back to buy a house to be in residence for the summer. This changed in the first week of March, when customers began calling Continue Reading
Shelter Island Real Estate and the Coronavirus
Rentals on Shelter Island: During the beginning of the first week of March, inquiries for rentals with immediate availability through the end of April began trickling in from customers wanting to leave New York City to come to Shelter Island. A few days later activity on the island was palpably different, with more walk-in visitors to the office, people strolling with baby carriages and suitcases Continue Reading
Thanksgiving 2019 on Shelter Island
As autumn on Shelter Island settles into the early winter, with red and orange hues followed by freezing cold snaps and then brilliant sunny days with photogenic dusk, the real estate season continues with the warmth that was experienced in the summertime. Sellers often wonder if they should pull their listings once beach days have come to a close, however buyers do not necessarily follow a Continue Reading
Columbus Day 2019 on Shelter Island
For the most part, one would not suppose that summer has passed and autumn has arrived with all of the glorious days we have had since Labor Day, however the miles of traffic from enthusiastic pumpkin pickers on both the North and South Forks tell otherwise. On Shelter Island, the real estate traffic has been as enthusiastic and brisk. In contrast to the summer market where real estate Continue Reading
Labor Day 2019
August 29th Market Report by Penelope Moore To see the text below as a PDF click here With Labor Day weekend right around the corner, many people are asking how the summer flew by so quickly. Most of the traditional summertime events have come and gone: the 10K Race, the Fireworks, the Vintage Car Show, the Crafts Fair, the Chicken Barbecue. With the Snapper Derby this weekend, summer's Continue Reading
Shelter Island Market Report August 1st
Summer Transitions in Real Estate To see the text below as a PDF click here The days toward the end of July and in the beginning of August represent a transition during the summertime when July rentals end and tenants vacate, houses are inspected cleaned and prepped for incoming August tenants and sellers evaluate how the home sales are progressing. During the same time frame in 2018, Continue Reading
Independence Day 2019 – Sales Are Up
A few days ago, I looked at the calendar and realized that the 4th of July was coming up quickly. The weather has been undependable; May had eighteen rainy days and many days that did not have rain, were overcast or windy. After a couple of sunny days, the foliage then seemed to burst through with full-canopied trees and colorful flowers all around, but only the fittest survived the constant rain; Continue Reading
Springtime Comes to Shelter Island – Easter 2019
The spring real estate market on Shelter Island has finally begun to bloom after a long winter season. Activity for both rentals and sales have picked up just in the last two weeks or so. Landlords whose houses are usually rented by mid February have been calling since the holidays to ask where the customers are hiding. Many prospective buyers and tenants seemed to hesitate at proceeding with Continue Reading
President’s Day 2019 Market Report – A Summary of 2018 Sales
In 2018, in the category of homes and business properties, there were 44 transfers in 2018 for a total of $51,463,460 with a median price of $995k. Homes with the following characteristics sold at the strongest prices with least time on the market: staged, renovated to current buyer tastes (country-modern), cleared of seller's personal possessions, priced to comparable properties sold within the Continue Reading
Shelter Island Market Report Labor Day 2018
As the summer 2018 season approaches Labor Day weekend, customers, clients and real estate agents review trends in the real estate market over the prior five months, which are considered the spring and summer selling season. The last two weeks of August through Labor Day are a popular vacation time; clients selling their properties are aiming to receive an offer and agreement; goal oriented Continue Reading