Shelter Island sees ‘solid’ 8 months of property sales, report says

The first eight months of the year were good for property sales on Shelter Island, according to the Shelter Island Reporter. Over that time, the town brought in $1 million for the Community Preservation Fund, which takes in a 2 percent tax from East End property purchases. That figure marked a 32.5 percent increase year-over-year, as Shelter Island brought in $770,000 during the same period in 2018. Southold was the only other East End town that saw “positive real estate numbers.” [Shelter Island Reporter]