Penelope Moore Archives - Shelter Island Reporter

02/05/19 2:00pm

Real estate pros predict 2019 bounce back

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…)

Angelo Piccozzi, Assemblyman Fred Thiele Jr.( I-Sag Harbor), Christine Beckwith, Community Preservation Fund, Corcoran, Daniel Gale/Sotheby’s, Dering Harbor Real Estate, Douglas Elliman, Georgiana Ketcham, Janalyn Travis-Messer, M. Wein Realty, Penelope Moore, Peter McCracken, short-term rental (STR) law, Susan Cincotta

07/05/18 12:00pm

A snapshot of of Shelter Island’s real estate market

COURTESY PHOTO

COURTESY PHOTO

What a number of Island real estate professionals called “shocking” was news that the Community Preservation Fund (CPF) numbers — a good indicator of sales — for the first five months of 2018 were down by 41.3 percent from the same time last year, while numbers for the CPF on most of the East End are increasing. (more…)

Community Preservation Fund, Daniel Gale/Sotheby’s International Realty, DJTM Enterprises, Georgiana Ketcham, Janalyn Travis-Messer, M. Wein Realty, Melina Wein, Penelope Moore, Susan Cincotta

02/23/18 10:00am

Shelter Island real estate snapshot

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…)

Angelo Piccozzi, Christine Beckwith, Daniel Gale Sothebys International Realty, Dering Harbor Real Estate, Douglas Elliman Real Estate, Georgiana B. Ketcham Real Estate, Georgiana Ketcham, Griffing & Collins, Janalyn Travis-Messer, M. Wein Realty, Penelope Moore, Saunders, Susan Cincotta

02/19/18 4:30pm

Shelter Island real estate snapshot

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…)

Angelo Piccozzi, Christine Beckwith, Daniel Gale/Sotheby’s, Dering Harbor Real Estate, Douglas Elliman Real Estate, Georgiana B. Ketcham Real Estate, Griffing & Collins, Janalyn Travis-Messer, M. Wein Realty, Penelope Moore, Susan Cincotta

01/17/17 12:00pm

Realtors forecast the 2017 Shelter Island market

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…)

Angelo Piccozzi, Community Preservation Fund, Corcoran Group, Dering Harbor Real Estate, Georgiana Ketcham, Griffing & Collins, Janalyn Travis-Messer, Jocelyn Haaff, M. Wein Realty Inc., Melina Wein, Penelope Moore, Saunders