Top News

Letters: Memorial Day events on the Island and more
State bill aims to decrease hazing, drinking and drug use at colleges
Island voters overwhelmingly approve school budget, give newcomer to board most votes
Joe Theinert and Jordon Haerter named to state's Veterans Hall of Fame
Island splits from the North Fork under new county redistricting plan
POLL: How did you vote on the school budget?
School vote on Tuesday: budget, three board seats to be decided
This week in Shelter Island History: from the Reporter's files
Scholars study slavery through Sylvester Manor archives at NYU
Tall Ships: Made from old U-boats, Unicorn runs with all-female crew

Sports

Gym chairs still out of reach, Colligan halfway to fundraising goal

May 12, 2012

Shelter Island JV baseball team is 5-1; coach hopeful for winning season and varsity status next year

April 28, 2012

Island's Olympic sailor finishes second in Hyeres, France World Cup regatta

April 27, 2012

Education

State bill aims to decrease hazing, drinking and drug use at colleges

May 16, 2012

Island voters overwhelmingly approve school budget, give newcomer to board most votes

May 15, 2012

Q&A: Big city girl on exchange from China

May 12, 2012

Business

Eklunds will reopen Chequit this season as sale remains in the works

May 11, 2012

Hospital picks Mills firm's men as honorees for its 2012 golf classic

April 27, 2012

'Bigfoot' baler now assisting farm and marina recycling efforts

April 14, 2012

Community

Perlman alumni concerts are announced

May 13, 2012

Garden Column: Growing your own — starting seeds from scratch

May 13, 2012

Don Young is saving energy in his green dream car

May 13, 2012

Obituaries

Obituary: E.Y. Clark

April 26, 2012

Obituary: Elizabeth Yvonne (E.Y.) Clark

April 23, 2012

Obituary: Harold Olson

April 18, 2012

Real Estate

Town grants Tarlow permit for house larger than code limit

April 10, 2012

Native plants will keep birds and bees in your backyard

March 27, 2012

Dougherty calls for help opposing bid to halt county open space programs

February 10, 2012

Opinion

Letters: Memorial Day events on the Island and more

May 17, 2012

Column: Not as easy as it looked on television

May 12, 2012

Suffolk Closeup: Media scourge on Rupert Murdoch

May 11, 2012

Real Estate: Island rentals get shorter

CARRIE ANN SALVI PHOTO | Hannah Dinkel shows the files on residents wishing to rent their homes.

Hannah Dinkel’s real estate office on Bridge Street has a drawer packed with files of homeowners wishing to rent their homes.

According to her website, there are 48 rentals available for August through Labor Day. In Ms. Dinkel’s opinion, more people are signing on for shorter rental periods, paying a premium price generally for one or two week periods. Ms. Dinkel also said that in her experience “The whole of real estate sales and rentals is weaker than last year.”

Susan Cincotta, a broker at Daniel Gale Sotheby’s agency on Grand Avenue has had a different experience, and said the market is “better than last year” although she also has rental inventory in all price ranges. Ms. Cincotta said that “there is an increased supply due to more homeowners deciding it makes sense to rent their homes due to the economy.” She also agreed that renters are frequently looking for a week or two instead of the traditional Memorial Day to Labor Day rental. “Landlords have been accommodating shorter term rentals, and have rented their homes as a result,” she said. Ms. Cincotta said she still expects a lot more activity in our “resort area.” She said “the hotter it gets in the city, the more calls she gets for rentals.”

Broker Georgiana B. Ketcham, with offices on Grand Avenue and South Ferry Road, agrees that short-term rentals have been keeping her very busy. She said that due to the economy, spending has been cut in half for vacationers, resulting in the transition from seasonal and monthly rentals to weekly rentals. Griffing & Collins co-owner and broker Janalyn Travis-Messer, said that her North Ferry Road office is “just as busy as last year and last year was excellent.” She said she has a multitude of customers who are repeat rentals. She does still have properties that have not been rented, “Why? I don’t know. There are always last minute rentals that happen.” Ms. Travis-Messer said that many of her rentals are now wanting to look at purchasing a home and have been presenting offers. Ms. Cincotta agreed that it is often a natural progression for renters to start with a short-term rental, upgrade to a longer-term rental and then eventually proceed to purchasing a home.

Penelope Moore, senior vice president and associate broker for the Corcoran Group on Bridge Street agrees, saying that a lot of her “repeat tenants are renting to learn more about the Island while looking for the perfect home or buying opportunity.”

She said her rental business has been very active from Memorial Day through the beginning of July. She too still plenty of “really good rentals” for August and beyond. “You never know when the season begins and you never know when it ends.”

Ms. Moore said that since 2006 when rental prices were not negotiable, the increased inventory has resulted in an inconsistency in pricing. She agreed that landlords are starting to be more willing to negotiate rental prices and terms.