Come join us this weekend for an Open House at 296 Saint Marys Ave, Staten Island, NY 10305

Saturday, April 6th from 12-2pm 

Come out this weekend and see this 4 bedroom, 2 bathroom Colonial located in the Rosebank neighborhood of Staten Island. Featuring an oversized living room with high hats, eat-in kitchen with pantry closet and large private fenced in yard. Just minutes from the Verrazano bridge, this home is a commuters delight!

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

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New on the market- beautifully updated co-op at 20 Cliff Street, 5J. This one bedroom, one bath unit is spacious at around 700 square feet, located in the desirable neighborhood of Shore Acres!

This fifth-floor apartment boasts Manhattan-style luxury with views of the city skyline! Just across the river from Brooklyn, you can walk outside and get sweeping Verrazano Bridge views.

Seacliff Towers is a modern cooperative building in clean blue and white. This wonderful community offers a gym, clubhouse, storage, and outdoor heated pool. Dedicated parking is also available for just $40/month. Take a virtual tour with us up to unit 5J!

Inside the Building: 20 Cliff Street

If you're searching for urban life in mostly suburban Staten Island, you…

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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 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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We're back after our month hiatus!! Since Anthony's health has improved enough to return to work, we're making up for lost time with January's market report rundown before returning shortly to cover the market's performance in February.

January 2019 saw a huge drop in sales over the prior year, falling to just 307 homes sold. Though the price increased a few thousand since the prior month, it is up just $10,000 over the prior year. This shows that homes are holding their value and not falling in price necessarily, but not rising like they were in prior years. The last January year-over-year comparison saw a striking $60,000 increase in average sale price.

With sales down so much and inventory also back up at 1,868, all indicators but…

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