Why Live in Shelter Island
Shelter Island is the kind of place that’s easy to romanticize. A roughly 20-square-mile island with rocky peninsulas large and small, this community is surrounded by the sea. In that aspect, it has more in common with an island in the Maine archipelago or a fictional community in a Hallmark movie. The island’s resemblance to this trope is only strengthened by the fact that the tiny community is accessible only by ferry. “There’s one grocery store, so everybody knows everybody,” says Marika Kaasik, a licensed real estate salesperson at Daniel Gale Sotheby’s International Realty who grew up on the island and has been in real estate there since the 1980s. “If you just moved here this week, within a couple of weeks you’re going to know a lot of people.” But being entirely cut off from the rest of civilization by water is what makes living on Shelter Island require a lot of dedication. It’s also exactly what draws many residents to it. “Besides being beautiful, surrounded by water, it feels very safe here,” Kaasik says. “There’s not a lot of hoopla here. I think people like that, too, where it’s just really peaceful.” Homes on Shelter Island often have spacious yards of at least an
Home Trends in Shelter Island, NY
On average, homes in Shelter Island, NY sell after 109 days on the market compared to the national average of 50 days. The median sale price for homes in Shelter Island, NY over the last 12 months is $1,900,000, down 14% from the median home sale price over the previous 12 months.
Median Sale Price
$1,900,000
Median Single Family Sale Price
$1,950,000
Average Price Per Sq Ft
$1,018
Number of Homes for Sale
3
Last 12 months Home Sales
8
Median List Price
$2,250,000
Median Change From 1st List Price
11%
Median Home Sale Price YoY Change
-14%