RealEstateSINY.com - SI NY Real Estate Blog

Sweeping luxury is now available to a lucky buyer at 146 Mills Avenue. This detached two-family home is finished with brick and aluminum siding features 6 bedrooms and 3 baths offers a 5 room over 7 room layout.

With over 3,300 square feet of living space, a large lot and backyard, and a finished basement, this home is huge and a true rarity in Staten Island! 

Not only is the home extremely desirable on its own, let's talk about location! The neighborhood of Arrochar is right under the Verrazano-Narrows Bridge, meaning you could be in Brooklyn within minutes. This is a hot neighborhood for buyers with the added benefit of being so close to South Beach!

Inside 146 Mills Avenue

Once you enter, you are immediately greeted by the main unit's

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So much has happened over the last ten years in real estate! Between a recession that was in full force circa 2009, through the recovery, and into a rapidly accelerating market followed by a slowdown... we've pretty much seen it all.

So for our latest live video discussion, we decided to sit down and talk about the past decade and what lessons we have learned selling real estate in an ever-changing market. Broker and co-owner of RealEstateSINY.com Anthony Licciardello is interviewed to tell the story. He has been selling real estate since 2007, the onset of The Great Recession.

We talk about how home values fell during the recession, though not as much as you may think. The NY Metro area fared better than most of the country since New York is

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In the Staten Island market, Chinese buyers have shown the most interest in properties near the Verrazano-Narrows Bridge

 

Foreign investment activity can be a litmus test for the real estate market conditions. And lately, it has practically slowed to a crawl.

Over the past several years in New York City, real estate has been heavily propped up by Chinese investments. This has been a major vehicle driving more intense bidding wars and rising prices, particularly through the period of 2015-2017.

The New York Metro area has the largest foreign buyer pool in the United States. While the city has long been known for its high-priced real estate, foreign capital has been instrumental in pushing values to record highs over the past five years.

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Come join us this weekend for an Open House at 49 Bovanizer Street, Staten Island, NY 10312

Sunday, March 24th from 12-2pm 

Don't miss the opportunity to see this spacious and well kept high ranch. This home features 3 bedrooms, 2 bathrooms, a beautiful open concept layout, large full finished basement, two car garage and much more. Just walking distances to train and buses, shopping an restaurants. Come on by this Sunday and fall in love with your new home.

For more information on this home please contact Iryna Tafiychuk 646-915-2286 or Michael Giordano 917-517-8408  

 

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Come join us this weekend for an Open House at 131 Kenilworth Ave, Staten Island, NY 10312

Sunday, March 24th from 1-3:30pm 

 Come out this weekend to see this beautiful 3 bedroom , 2 bathroom townhouse located in Arden Heights. This gorgeous single family attached home is ready for you to move in and make it your own. Beautiful Living Room and Dining Room with open floor plan along with ceramic tile, Crown Molding, Chair Rail, and High Hats that provide the perfect lighting. Spacious eat in Kitchen with appliances and LED High Hats. Access to yard from Kitchen with beautiful Sliders that have built in Vinyl Blinds inside glass. Trex Deck leading to paved concreate with ribbon pavers. Brand new Oak Staircase with wrought iron Banister leading to

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Come join us this weekend for an Open House at 204 Stobe Ave, Staten Island, NY 10306

Sunday, March 17th, 12pm-2pm

Directions: Hylan Avenue to Stobe Avenue

Don't miss the chance to see this single family semi-attached Colonial house with 3 bedrooms and 2.5 bathrooms. Perfect for those commuting to Brooklyn, just a walk to Hylan Blvd, close to shopping and transportation. This home was recently beautifully renovated. Plenty of storage. A fully tiled living room and dining room combo, as well as a fully renovated new bathroom.  It’s got high ceilings, a laundry area, and shower. You won’t want to miss the chance to see this property!

For more information on this home please contact Elizabeth Del Priore at 917-816-1519

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Come join us this weekend for an Open House at 172 Woodvale Ave, Staten Island, NY 10309

Saturday, March 16th, 12pm-2pm

Directions: Woodvale is connected directly to Amboy Road and Hylan Blvd

Don't miss your chance see this stunning two family center hall colonial, featuring a master suite with it's own private bath, 3 additional bedrooms, and 1.5 additional bathrooms. There is also a 1 bedroom apartment with private entrance. This house sits on a large lot and boasts lots of room inside and outside of the house. Truly a must see!

For more information on this home please contact Elizabeth Del Priore at 917-816-1519

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Pictured: RealEstateSINY.com aerial drone shot of Empire Outlets under construction, June 2018.)

New York City’s debut outlet center will reportedly open in mid-April, according to the Staten Island Advance.

Travis Noyes, Empire Outlets’ Senior Vice President of Marketing, revealed to the Advance that the six building, 1.1 million square foot shopping center located on the St. George waterfront will open in phases beginning with a ribbon cutting April 17. The following day will have a grand opening with a portion of retail shops ready for business.

The remainder of stores are slated to open between April and August. Anchor retailer Nordstrom has been confirmed to open on July 4. Other major brands include H&M and Nike Factory Outlet.

The

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(Above: Average sale price climb decelerating over the past two years)

 

The real estate market continues to level out this month in essentially every measurable way. It’s a far cry from what we saw during the same time last year.

This month’s sales dipped far below what they were last month, setting a new low for the past few years at just 259. Days on the market and cumulative days on the market are each up to a two-year high at 97 and 102 respectively.

We predicted monthly inventory to rise above six months, but did not expect to exceed seven this soon. Month’s inventory was 7.21- also the highest in more than two years. And inventory was up again to 1868, despite new listings actually being down from January.

Average Sale Price

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Now that February's full stats are in, we were able to sit down and break them down for Staten Islanders in our latest Facebook live stream. This month had a few smoking guns!

Several of our market indicators were the slowest economic markers we have seen in 2-3 years. To start, home sales fell to an astounding 259. That's just 259 homes sold in the entire borough of Staten Island for the whole month! Comparing that to last February when 320 homes sold, this represents a 19% drop.

Cumulative days on the market is also at a two-year high. Homes take an average of 102 days to sell at this time. Last year, CDOM was 16 points lower at 86 days. So fewer and fewer homes are selling, plus they are selling more and more slowly.

SO... the fact

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