Welcome to our weekly update page. You will find a summary of significant updates and news concerning our lisitngs, including price changes, website developments and significant news for the week.
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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.
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…
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,…
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…
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…
When you look at the numbers, one thing has become clear: the real estate market locally has stabilized after 5+ years of some of the most tumultuous times in American history. By no means was it an easy go of it locally-especially after Hurricane Sandy made it to our shoreline back in October of last year.
The impacts of the hurricane were clearly evidenced in home sale numbers for this past November, a month after the storm. With just 182 home sales, it was a drop of over 14% from the prior month, and a whopping 33% from a year prior. However, a brighter side emerged after the storm, rebounding a little over 32% in December.
All in all, it was enough to put the market as a whole above 2011 in many facets and it's the first time the market has…
If you have fallen victim to Hurricane Sandy and have a mortgage loan that is backed by Fannie Mae, Freddie Mac, or the Department of Housing and Urban Development (HUD) there may be help for you.These three programs have put together some ways of helping you with your mortgage while you repair or replace your home, due to the damage from Hurricane Sandy.
For those of you who have a Freddie Mac backed mortgage, here are some options they are putting out for you, but it is case-by-case. Freddie Mac is waiving late fees and penalties and will either bring down the amount of your payment or let you not pay it for up to 12 months. They will put off the foreclosure of your home or the eviction…
According to the Internal Revenue Service, "a casualty is the damage, destruction, or loss of property resulting from an identifiable event that is sudden, unexpected, or unusual." Included among these events are earthquakes, floods, mine cave-ins, sonic booms, storms, and vandalism.
There are two types of casualties: those which occurred in a federally declared disaster area and those which did not. The State of New York was declared by the president as a disaster area.…
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Call Victor Morvillo for more details or to schedule an appointment to see this beautiful home directly at (347) 782-8998. Click here for more details http://www.realestatesiny.com/listing/1075543-125-butler-ave-staten-island-ny-10307/Must come view this breathtaking CUSTOM BUILT contemporary home on a gorgeous TOTTENVILLE street. 4/5 bedrooms with 3 levels and a finished basement. 3rd level is a tremendous master bedroom suite complete with woodburning fireplace, skylites, sitting area, walk in closet and spa bathroom. Basement has a seperate entrance with a full one bedroom apartment. All wood floors, granite counters and 3 full baths and 1 half bath. Located down the block from the conference house park!!! Dont miss out! Asking $600's
248 Connecticut Street
For questions, contact Kerry DeBellis 347-234-7408
