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“It’s a riot,” Georgiana Ketcham said about the Shelter Island real estate market.
A broker operating on the Island for decades, Ms. Ketcham is seeing startling changes in pricing, among other alterations, including a number of people coming from the city and buying when they were once seasonal renters.
If there’s a silver lining in the pandemic, it’s a thriving real estate market that has changed all the norms.
COVID-19 opened doors to people who view the Island as a place of safety and comfort, along with a solid elementary and high school for their children.
The general agreement among most real estate professionals is what’s happening today may not be a harbinger for the future when vaccines have reached most of the population and people become less fearful. But for now, they’ll take it, and gladly.