February 2016 Real Estate Market Recap

Posted by Tom Crimmins Realty on Saturday, March 19th, 2016 at 2:45pm.

Staten Island real estate market is still going strong in the seller's market. Here are the statistics for February 2016 & 2015:

February 2016 Monthly Sale Sides

In 2015, 227 properties were sold in the month of February. This February, 313 homes were sold. The 86 sale side difference proves that although there has been more inventory, competition is still among buyers.

February 2016 Average Sale Price 

This chart shows that the average sale price of a house in Staten Island also had a healthy increase: from $442,895 in February of 2015 to $499,480 in February of 2016. There was also less days on the market for those sellers and buyers who are looking for a quick closing.

  Month    Year    Monthly Sales    Monthly Volume    Avg Sale    Median Sold    Avg DOM  
February 2015 227 $100,537,338 $442,895 $395,000 129

Month  Year    Monthly Sales    Monthly Volume    Avg Sale    Median Sold    Avg DOM  
February 2016 313 $149,091,387 $499,480 $425,000 118

In conclusion, the Staten Island real estate market is continuing to grow. Growth in the market makes now a great time to move to Staten Island! If you are looking to list your house, don't hesitate to call our office at 718-370-3200.

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