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

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