Shelter Island Real Estate Market Extends Upward Trend in Price Cuts

Sales in the Shelter Island market remained flat at three homes sold over the last 30 days, while the number of sellers reducing their list prices reached three, which continues a confirmed upward trend in price reductions. The median sales price of all transactions in Shelter Island did not budge this week, remaining at $774,000. There are only two months of inventory available in Shelter Island, so it's a definite seller's market, even if sales are flat.

Price reductions for these listings in Shelter Island make it a perfect time to take a look:

$450K   $639K   $1.2M  

Get started right now by checking out Shelter Island homes for sale or reviewing Shelter Island real estate trends.

Demographic facts for Shelter Island:

  • The population has increased 7.7% over the past 10 years.
  • The area's safety rating is 90. (Scale: 1 = Worst, 100 = Best)
  • The average commute to work for people in this area is 16 minutes.

Data reported through 10/12/2016

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