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For the second month in a row now, home prices remained pretty much exactly the same. March’s average sale price came in at $614,312. This is less than $100 more than the prior month’s average of $614,253, and down from January’s record-breaking high of $628,652.


Housing Inventory Tightens


Yet, this comes along with reduced inventory, which normally pushes prices up. Active listings are down to a stunning 1,499. One year ago, 2,189 homes were up for sale here in Richmond County. This means available homes have dropped 32% in one year. But prices increased only 6% since 2020, when the average home sold in March for $578,773.

Home sales have surged nearly 70% year over year as well. In March 2021, 452 home sales closed, compared to…

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With listing activity down sharply this month, the market came back swinging toward sellers' favor in our latest figures.


Although the average sale price was down by 2% since January, it remains level with last year. The average Staten Island property sold for $614,253 in February, neck-in-neck with February 2021’s average price of $613,564. Most people will fixate on sale prices. But price is a trailing indicator.


We can predict the future in a way if we look at certain numbers. New real estate listings dropped by a full 32% to just 381. This is concerning since February and March kickstart the spring listing season. Last year, 560 homes were listed in February.


Next, let’s look at active inventory. Total active listings dropped 25%…

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New on the market!! Located in Huguenot, 9 Ashton Drive is a 3 bedroom, 3 bath townhome in pristine condition. Nearby IS 75 and PS 4 and also several parks, this area is great for families. Check out the guided tour! Contact the listing agent to request a showing: Connie Mei-Ley Koo NYS Lic. Real Estate Salesperson (631)-605-0621 Conniekoo138@gmail.com
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Welcome to historic Stapleton Heights! 112 Wright Street is a unique property featuring two separate living spaces, each of which has its own private entrance. Inside, old world details include original wide pine flooring and two classic wood burning fireplaces. 112 Wright Street is fully detached with a private driveway and sits on an extra large lot 150 feet deep! Check out our guided walk-through here to learn more about this unique property and what the neighborhood has to offer. Listed by: Camille Maiorano-Ortiz NYS Lic. Real Estate Salesperson (718)-683-8201 agentcmortiz@yahoo.com
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Staten Island Market Report, Feb. 2021


January listings always dip each year, but this month was much sharper than last year thanks to a major boost in sales.

 

For months now, Staten Island’s housing market experienced a trend of dwindling inventory. With sales also dramatically up, fierce competition from buyers has pushed the average home sale price up again to another record high for February 2021.

 

Staten Island’s average home sold for $629,048 in the month of January. This is up 8% from last year when the average home sale price was $583,001. Available inventory is down to just 1,614 - an astounding 20% drop since last year.

 

With inventory this low, buyers are limited to fewer choices when searching for their…

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Welcome to Woodbrook Estates! 99 Arrowood Court is a 3 bedroom 2 bath townhome. Renovations pay an impeccable attention to detail here. Enjoy our full video tour with PR Director Hannah Jay here! Victor Buttaro NYS Lic. Real Estate Salesperson (917) 647-2731 vbuttaro@aol.com Annmarie Triolo NYS Lic. Real Estate Broker (917)-836-1594 annmarie@prodigyre.com
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Beautiful South Shore home now on the market at 26 Sharrotts Road! Explore this home inside and out with PR Director Hannah Jay giving a tour of this Pleasant Plains property featuring a redone bath suite with jacuzzi, finished basement, one car garage, and tons of curb appeal! The neighborhood is situated by Bloomingdale Park, Clay Pit Ponds State Park, and PS 62 The Kathleen Grimm School for Leadership and Sustainability. Contact the listing agents to find out more: Christine Ortiz NYS Licensed Real Estate Salesperson Office: (718)-701-5626 Cell: (917)-336-1347 AgentOrtiz3@gmail.com Anthony Licciardello NYS Licensed Real Estate Broker Office: (718)-701-5626 Cell:…
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Full inside look at 6665 Colonial Road Unit 5A! This Bay Ridge elevator building looks over Owl's Head Park and the Verrazzano-Narrows Bridge! Spacious open concept layout with two bedrooms and one bath. See the full guided tour here with aerial views from Brooklyn! Contact the listing agents to find out more: Annmarie Triolo NYS Lic. Real Estate Broker (917)-836-1594 annmarie@prodigyre.com Lisa Bruno NYS Lic. Real Estate Salesperson (917)-693-9438 agentlisabruno007@gmail.com
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Full look at 309 Guyon Avenue! This luxurious Queen Anne Victorian is wonderfully maintained and will charm all your guests. With four bedrooms plus an office, this old-world beauty has three gas fireplaces, an outdoor gazebo, wrought iron fence, and tons of other details you have to see to believe. Check out the guided tour only at Prodigy Real Estate! Melissa Cosentino NYS Licensed Real Estate Assoc. Broker Office: (718)-701-5626 Cell: (347)-563-7968 agent.MelissaCosentino@gmail.com Annmarie Triolo NYS Licensed Real Estate Broker Office: (718)-701-5626 Cell: (917)-836-1594 annmarie@prodigyre.com
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Woodbrook Estates townhome on the market! 30 Hemlock Court has 3 bedrooms and a nice-sized back patio. Beautiful new flooring and kitchen! Check out the full tour here including aerial views of the community featuring pool and tennis courts! Melissa Cosentino NYS Licensed Real Estate Assoc. Broker Office: (718)-701-5626 Cell: (347)-563-7968 agent.MelissaCosentino@gmail.com Christina Repetto-Boncimino NYS Licensed Realtor Office: (718)-701-5626 Cell: (917)-584-3928 agent.Christina095@gmail.com
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