Business Brief: Real estate sales down

Daniel Gale Sotheby’s International Realty (DGSIR) generates 20 individual real estate market reports covering communities from Manhasset and Garden City to Southold and Shelter Island.
According to the firm’s Shelter Island report for the first half of 2011, the number of sales and the value of sales were down somewhat from January to June this year compared to the same period last year. Here are the numbers for the Island, including the Heights:

January – June 2010
Sales:29
Average days on market:214
Listed homes:144
Average price:$1,260,483
Median price:$925,000
Highest price:$3,450,000

January – June 2011
Sales:21
Average days on market:424
Listed homes:161
Average price:$1,033,905
Median price:$775,000
Highest price:$2,970,000

The first six months of the year are traditionally one of the busiest times for real estate transactions and often a predictor of the overall health of the market, according to the real estate company.