Prodigy Real Estate - SI NY Real Estate Blog - Home Sold Data

January 2014: A STABLIZING MARKET

STATEN ISLAND'S REAL ESTATE MARKET REPORT FOR JANUARY

The housing market for Staten Island is improving, but it’s not stable quite yet.

Although the number of available homes on the market is still on the low end, more homeowners showed an interest in selling for the month of January. This past month, there was 1772 homes available for sale. Of the 1772 homes, only 292 actually sold in January. The total month’s inventory of 246 took 132 days to sell, meaning it would take roughly 7.2 months to clear out the inventory. 

January proved that there are enough available homes being sold but not enough buyers. For the market to gain traction, people need to continue moving rather than remodeling their current home space.

Home sales in Staten Island…

2059 Views, 0 Comments

Real Estate Statistic Report Wrapping Up December 2013

https://www.youtube.com/watch?v=Jz_c1Fk3h44

The overall market of 2013 attracted plenty of buyers but very few sellers.  In December, there were under 2,000 homes available to be sold, which is considered very low.  Now that we are out of the economic housing bubble crisis, people need to be more confident rather than timid, when selling their homes.  A key tip for potential sellers is to know who they are working with and how to obtain the information that is provided to them.  The bank will inform them on how much their home is worth; it is then the seller’s choice whether or not to accept this advice when setting the listing price.

The average listing and sale price has not drastically changed in the last four years.  The average annual…

1525 Views, 0 Comments

A number of revisions were made to the housing market statistics from December of 2009 through October of 2013. In review, the numbers continue their unusual twist.

Last month alone, we saw some slight decreases in the monthly sales and monthly volume, the average listing and selling prices, the number of homes on the market, and the amount of time it would take to sell all the homes on the market in October.

The average cumulative number of days on the market for those homes rose just slightly, while the median sale price and the percentage homebuyers were paying from the listing price stayed the same.

With the revision to the amount of homes sold in October, the decrease for November is a bit less than what it could have been, but it is still much lower than we may have guessed.  According to the report, the number of homes sold in November was 264, which is a little more than eleven percent less than October’s…

1291 Views, 0 Comments

Is Staten Island’s upward real estate trend continuing?

The most recent real estate market statistics for the month of September showed some changes in home sales for Staten Island.

The monthly sales had already started to decrease—and that was before the government had shut down.

The mortgage rates had jumped up at the beginning of September, but started to decrease throughout the month.  You would think that people would take advantage of the low rates, but we actually saw a ten percent decrease in home sales, with only 291 homes being sold for the month.  While this is still a good number—and almost twenty-seven percent higher than what we saw last year—it doesn’t look like we will be seeing numbers even remotely close to this in the coming months.

The average cumulative number of days that homes…

1176 Views, 0 Comments

Staten Island's real estate market continues its upward trend, inventory of homes is becoming problematic.

An interesting turn of events with the latest market statistics for the month of August 2013.

The amount of homes sold in the month of August actually went down from the prior month, but hold on—we’ll get to that in a minute.

First of all, the amount of homes for sale on Staten Island took a drastic leap downwards, with only 2,291 homes on the market in August. This is a decrease of over four percent from July, with an additional 110 homes being on the market in the prior month.

With such a small amount of inventory to work with, homes have been selling like hotcakes.

The average number of cumulative days for homes being on the market in August was 129, which is a decrease of over twelve percent from July. This is also a decrease of about…

1585 Views, 0 Comments

Nothing seems to be standing in the way of Staten Island's hot real estate market.

We thought it couldn’t get any better, but it did. The latest market statistics for the month of July really blew away those from June.

First, let’s take a look at the monthly real estate sales on Staten Island. We saw an increase of more than eight percent from June to July, with 321 homes recorded as being sold in the latter month. The great part about this is that home sales have been rising steadily since March—that’s four months of increasing home sales! If you compare this past month’s sales to those of last year’s sales in July, we see an increase of over forty-five percent.

But hang on—let’s backtrack and compare it to when the sales started rising in March of this year. If you put March and July side-by-side, you’ll see an increase of almost…

1529 Views, 0 Comments

Staten Island's real estate market sees its best month since June 2010

Staten Island's Housing Market grows at a robust pace, only bested by tax credit month of June 2010. However, with higher mortgage interest rates, the housing market is likely to cool off a bit in the following months. 

In the past few months, we saw some pretty incredible numbers in the housing market—and this past month was no different. With the numbers from this past June, we can definitely see an improvement in the market.

First, let’s take a look at the monthly sales. Two hundred and ninety-five homes were sold this past June. This is astonishing, since it’s an increase of almost fourteen percent from May to June, and an increase of about nineteen percent from the prior year. It seems like we’re quoting ourselves month after month, but really,…

1512 Views, 0 Comments

May's Staten Island real estate market heats up a cool month.

May's cool weather wasn't enough to cool Staten Island's consistently warming real estate market. 

It looks as though our assumption was correct. Just like the prior month, the sales for the month of May hit way over the 200 mark—something that, like last April, hasn’t been seen in the same month since 2008, when May had 250 monthly sales. This May surpassed even that number by four, with 254 total sales. This may not seem like much, with an increase of only about 1.6%, but it’s definitely better than May of 2012 and 2011, where we saw 188 and 168 home sales, respectively. As we can see, the monthly sales for May have been on an upward trend since 2011, but just by comparing this past May’s sales with the prior year, we see an increase of over…

1345 Views, 0 Comments

Upbeat news on Staten Island housing market

April hasn’t seen more than 200 residential home sales since 2008, when 214 homes were sold. Even still, this past April marks the most the month has seen in years, with 237 homes being sold—well over that of April 2008. This was over a thirty percent increase from this past March, which ended up having 182 sales. This is a big difference—a difference of fifty-five homes, to be exact. It was also almost a forty-five percent increase from the prior April, in 2012, which left off with 164 sales.

Over the past four years, 10,462 homes have been sold. The homes sold in the past twelve months, which amount to 2,680, make up a little more than a quarter of these total sales. This is the highest number of sales in a twelve-month span since the year beginning…

1356 Views, 0 Comments

15 Hale Street, Staten Island NY 10307– RealEstateSINY.com

15 Hale Street is a vacant land located on block 8034, lot 30, in the neighborhood of Tottenville, Staten Island, 10307.  In 2006, it was constructed with a living space of 5400 square feet on 6000 square feet of land.  On 8/17/2005, it was publicly recorded as transferred without consideration for money.

Source: New York City Department of Finance home sale data. Property tax assessments in New York City are determined by estimated home values based on reported comparable area home and real estate sales.

If you have questions regarding this house or property, or you need to get a current home value market analysis, you can contact our Staten Island industry leading Realtors at (718) 668-0423.

Neighboring houses and brief specs on Hale Street:

9…

941 Views, 0 Comments