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February's home prices are still very close to record highs in Staten Island as developers and residents alike clamor for their own piece of the pie. The average home sale price last month was $558,102, down about 1% from the January's record high.

The US stock market had a rocky performance in the month of February. While some this shake-up caused some speculation that the fall would continue, the DOW has recovered for the most part. Looking at real estate statistics, which include the average days listed on the market of just 88, buyer confidence in Staten Island did not seem to be hurt at all.

Though the market still hangs in the seller's favor, a substantial listings increase since last year gives buyers more options. February saw 510 new homes…

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