August 2014 Staten Island Real Estate Market Recap

Posted by Tom Crimmins Realty, Ltd. on Tuesday, September 16th, 2014 at 2:42pm.

 

We have the final Staten Island summer real estate recap with August 2014's numbers. 

August 2014 Real Estate Market Sale Sides

MonthYearMonthly SalesMonthly VolumeAvg List $Avg Sale $Median Sold $Avg DOM
August 2014 310 $129,364,145 $437,315 $417,303 $385,000 90

The summer started with June 2014, having a 303 monthly sale in properties. August increased in single digits and had 310 monthly sales.

Staten Island real estate in August was not the best month this summer, but still had high performing numbers. Staten Island wrapped August up with an average sale price of $417,303. This is an decrease from the $438,199 that was brought in June 2014.

August 2014 Real Estate Market Monthly Sales

MonthYearMonthly SalesMonthly VolumeAvg List $Avg Sale $Median Sold $Avg DOM
August 2013 332 $140,033,399 $442,105 $421,787 $400,812 111

A lot can change within a year and August real estate is a clear example. With numbers were lower this year, average days on the market were cut to almost a week. Although we like to see big numbers - a high number in DOM (aka days on the market) is not neccessarily a good thing. It makes buyers question if anything is wrong with the property.

Fall real estate season is here and buyers are on the prowl. We hope and expect monthly sales and average sales with be on the up and up.

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