What is your view of the current local real estate market?
Millie Thomas, Landmark Realty, Wading River: This year our market seems to have gotten a late start with the bad winter conditions. Therefore, the spring selling season was short. I do predict that the local prices will be going up, but slowly.
Thomas Uhlinger, Douglas Elliman, Mattituck: Yeah, it’s on an upswing, but not a fast one. Certain price breaks are moving rapidly. Inventory is building in Southold Township.
Ike Isreal, Richmond Realty, Riverhead: Our market right now is trying to improve. We are definitely stable. Deals are happening every day, buyers are realizing that the market is improving and they are coming off the sidelines into the game. Sellers are seeing more activity and it’s causing properly priced properties to sell very quickly.
Penelope Moore, Saunders & Associates, Shelter Island: The real estate market on Shelter Island has been rising steadily since last summer, with many properties that had been on the market, in some cases since before the downturn having sold. In nearly every category there have been strong sales.
Jerry Cibulski, Century 21 Albertson Realty, Southold: It is very active with homebuyers who are taking notice of the region and are looking within their budgets for homes that fit their taste and lifestyle.