2013 Real Estate Market Recap

Posted by Tom Crimmins Realty on Friday, January 17th, 2014 at 1:51pm.

Home sales have substantially increased on Staten Island due to various factors. Buyer confidence is back, sellers are in acceptance for realistic asking prices, and historically low interest rates wrap up the formula of strengthened sales. 

"The key to real estate success in Staten Island, aside from having a seasonal professional staff," said Tom and Suzanne Crimmins, owners of Tom Crimmins Realty LTD.. "Is a well managed and maintained Internet website, aggressive Internet advertising, social media and good old school sale marketing."

Tom Crimmins Realty experienced a phenomenal year. Personal sales increased from 218 sale sides in 2012 to 386 in 2013. These numbers do not include their rentals or Brooklyn sales.

According to Tom Crimmins, first time buyers and blue collar workers made up the bulk of the hot real estate action. However, the high end luxury home market is on it’s way back to the top.

In 2013, there was a total of 6,732 sale sides compared to the previous year's 5,170.

The average sales price remained close.

2012’s average was $424,800 while 2013’s dropped slightly to $415,787.

"Staten Island, New York had a great year overall real estate wise in 2013," said Tom and Suzanne Crimmins. "It also does not hurt that Staten Island is a beautiful place to live."

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