Real Estate

Straight from the agent: Our real estate roundtable for 2014

Mattituck (Credit: Grant Parpan)
Mattituck (Credit: Grant Parpan)

Is there enough inventory to meet the demand to buy on the North Fork?

Cibulski: That is a matter of perspective. When the real estate market slowed down the listing inventory increased and houses stayed on the market longer. It feels as though there are less homes for sale now that we are seeing acceptable offers on well-positioned homes in the first weeks of them arriving on the market. When you look at the sales data, we are now in a balanced market without a large oversupply and a decrease in the average days on market. There are plenty of homes for sale. Now it is finding the right home in the specific category of price and features that the buyers desire.

Moore: On Shelter Island, there are wonderful opportunities in every category from starter homes up to $1 million listings, vacant land both inland and on the water,  and waterfront homes with and without docks.

Israel: I’ve noticed a shortage of inventory and the lack of supply has increased demand. As prices improve, more inventory will come on the market.

Uhlinger: Where there is a slight shortage is under $500,000 with beach and water access.