Weekly Update at Prodigy Real Estate RSS Feed

With Facebook being such a hot topic in the news lately, we thought we would weigh in on the subject in our weekly live video.

Mark Zuckerburg has received a lot of heat for the Cambridge Analytica data breach, in which the data of 50 million was stolen and stored by the data management firm who worked on President Trump's election campaign. More recently, the social media giant was hit with another scandal regarding the Messenger App. It was discovered by disgruntled users that their call and text logs were all being stored by Facebook if they had given permission for the app to access their cell contacts.

We also touched on Facebook's algorithm changes a few weeks back which undermined the reach of business pages, instead favoring content from…

March has been a crazy month for weather! As we wait on the precipice of yet another snowstorm this evening, we reflect on the worst storms Staten Island has seen in a lifetime. Correspondent Hannah Jay interviews broker and co-owner Anthony Licciardello as they count down the 7 Most Severe Staten Island Storms.

Some of these storms are record holders; others can't be quantified in their toll on our lives. All have one thing in common- their destructive impact that lasted long past the storm itself.

Staten Islanders will find a few of these in our recent memory, while others provide a history lesson for younger residents. As each winter goes by, it makes for uncertain times during blizzard and Hurricane seasons. Many of you will remember the unease…

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…

Over the years, a lot has changed in Staten Island. Many historical properties have fallen into disrepair, struggled to maintain landmark status, or been sold off to developers for their valuable land.

Perhaps the most high profile and most controversial of these over the past few years was Mount Manresa, the Catholic retreat and natural gem filled with some of the oldest trees in New York City. Environmentalists and Catholics alike rallied to save this property and have it landmarked by the City of New York LPC.

When the almighty dollar won out and the property was sold to The Savo Brothers, many in the community were angered to lose this natural beauty. Borough president James Oddo was so peeved that he took revenge and named the streets in the…

Early February, Wall Street plunges downward as the DOW Jones sends investors into a panic. How does this compare to other stock market dips of the past? Should we look for warning signs?

Not yet, exactly. This dip in the stock market (which has since recovered) does not represent a crash. The dip would have to be greater for it to be considered a crash, to at least 30%. At around 11%, this is more likely classified as a correction. If it fell further, it would be classified as a bear market.

The important thing to take away is that this may not be cause for panic, yet anyway. Stock market ebbs and flows are a normal part of the economy. We should be on the lookout for changes in the future and it is a fact that this upward spike could not sustain…

Well here we are again- live and with a super important topic: Real Estate Video!

Live on Facebook, Anthony Licciardello and Hannah Jay discuss a passion: just why real estate video is so important today, and remains so in the advent of virtual tours. Though rising in popularity, virtual tours have a major downside, and we talk about why we believe they are not a good way to promote a home online.

We also talk about aerial drone video - a longtime passion of Anthony's. RealEstateSINY.com was one of the very first companies out there to recognize the importance of aerial video. It gives a sophisticated edge to property marketing that goes beyond just the flash and "wow" factor. We can actually show you the surrounding neighborhood this way. For a…

So you're in the market for a new home on Staten Island. Consequently, on Saturday you say to your spouse lets take a ride and look at homes. So your first stop takes you to Annadale, you heard good things about the area and decided to start there. You spot a home, and there's a for sale sign out front. You grab the cell phone and call the real estate company listing the home, and they put you in touch with the listing agent who gives you all the details. The real estate agent is on another call; she will call back. Okay, moving along you have your Staten Island Advance Real Estate section handy and was intrigued by a new construction open house ad in Tottenville, and off you head out to the open house. The agent on site reveals all the great The home…

By JoJo Spatafora

As many people do not realize, the monthly rent prices today are higher than in the past. Tenants are paying anywhere from $1,100 to $2,500 dollars a month in rent alone on Staten Island, all depending on how many bedrooms the apartment is. Now add in your utilities and you are paying far more than a monthly mortgage would be when owning a home, condo, or co-op.

Yes, as there are the advantages of not having to pay property taxes and having low maintenance when you are renting, there are also many disadvantages.

Unless you’re part of a rent-to-own agreement, every dollar you pay in rent is gone forever. No matter how long you remain in your rental unit, you can’t build equity in the property under a standard lease…

With only around 1,200 homes for sale today in Staten Island and the market flooded with buyers it is truly a seller's market. What is a seller's market you ask? How will this benefit you as the seller? Let me explain. A seller's market is when there are more buyers than sellers resulting in higher prices due to the  excess of demand over supply. Due to the shortage of inventory multiple buyers will bid on a property turning it into a bidding war (sold to the highest bidder). Of course there are many factors that play a role in this.

One factor is choosing the right agent. Choosing the right agent is crucial to the sale of your home. The right agent can help you buy or sell your home quickly. Interview a couple of agents and ask yourself these…

The Featured Sold Home for this week is a single family semi-attached home. 46 Sharrotts Road is located in the Staten Island neighborhood of Woodrow. It was sold by our agent Michael Kustin for $480,000.