Featured Story
02/05/19 2:00pm

COURTESY PHOTO

Shelter Island real estate professionals are unanimous in their optimism about the 2019 market.

Coming out of 2018, with a steep downturn in Community Preservation Fund (CPF) revenues of 44.6 percent from 2017, they see an upswing as deals that closed late in 2018 begin to flow through the pipeline to give a boost to the first quarter of this year.

Money for the CPF comes from a 2-percent tax buyers pay when purchasing East End properties and is used as a concrete market indicator of sales and revenues. (more…)

Featured Story
02/23/18 10:00am
REPORTER FILE PHOTO

REPORTER FILE PHOTO

With Wall Street on an historic ride, Shelter Island real estate professionals are hoping to cash in by convincing investors to buy property here. (more…)

Featured Story
02/19/18 4:30pm
REPORTER FILE PHOTO

REPORTER FILE PHOTO

With Wall Street on an historic ride, Shelter Island real estate professionals are hoping to cash in by convincing investors to buy property here. (more…)

Featured Story
01/17/17 12:00pm
REPORTER FILE PHOTO

REPORTER FILE PHOTO

Many Island real estate professionals are bullish about the market on Shelter Island.

But one calls it neither a buyers’ nor sellers’ market, but a “realistic” market. What Melina Wein of M Wein Realty Inc. sees is “a lot of fluid pieces,” not just here, but nationally and internationally, that have many buyers and sellers trying to figure out where the economy is going before they pull the trigger on a transaction. (more…)

Featured Story
04/06/16 4:30pm
ILLUSTRATION GETTY IMAGE/iStock | For many here, housing has become impossible

ILLUSTRATION GETTY IMAGE/iStock | For many here, housing has become impossible

An idea being shopped by a local real estate broker could be a step toward creating affordable housing on Shelter Island.

Janalyn Travis-Messer outlined a proposal to the Community Housing Board at the end of March for constructing a two-unit structure — one three-bedroom unit and an attached one-bedroom unit that could provide affordable living spaces. (more…)