All Blog Entries by Anthony Licciardello

Found 2,536 blog entries published by Anthony Licciardello.


For the past year or so low interest rates whipped buyers into a frenzy. Although most stats are still strong in the seller’s favor, July saw a pullback in home prices nearly $30k less than the prior month.


Summer is normally a busy listing season. While listings were back up to a solid total of 593 for the month, July’s new listings still fell short of the last few summers. Both during the pandemic in 2020 and pre-Corona in 2019, new listings in July were still higher.


In addition, the amount of total listings is down significantly. Only 1,553 Staten Island properties were up for sale in July. And since this includes pending sales, the true number of available homes is even lower than that. In July of 2020, Staten Island sellers listed…

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Inventory is down, prices are up, and sold listings are up too. The market is still clearly in favor of sellers. But for how long?

This past month, the average home sale price rang in at $653,519. Prices have been rising ever since the pandemic started last year, when home prices were $608,817. In a year, home prices have increased 7.5%.

Active listings fell 19% since last year too. There are currently only 1,517 homes for sale in Staten Island; last year 1,874 properties were available. Housing supply has now dwindled every month for an entire year since lockdown ended last June 2020. A tighter supply will of course increase demand, and the amount of new listings has not been keeping pace with the rise in sales.

In the month of May…

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By every single measure we have, home sales came in swinging this month, crushing previous record highs.

The average home sold for $628,449 in April, up 5% over last year and $15k above the prior month of March. $628,449 is a record-breaking sale price, outpacing January’s previous record of $626,468.

Home sale prices have the most fanfare, but we really need to look at inventory to tell the whole story. Both sold listings and new listings were up astronomically, though I’m sure you can probably guess why. 406 homes sold in the month of April compared to just 153 in April of 2020. The pandemic hit in March full force and the whole world stopped. This explains the outlier in home sales and also new listings, which jumped more than sixfold…

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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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