May 2014 Staten Island Real Estate Market Recap

Posted by Tom Crimmins Realty, Ltd. on Tuesday, June 17th, 2014 at 4:45pm.

Staten Island's real estate market is still on the upside. May 2014 had a sight monthly sales decrease but increase in average sale price in camparison to May 2013.

Staten Island May 2014 Real EstateLast month, the Island had 248 sale sides with a monthly volume of $96,902,646. This differentiates to April 2013's 255 with a monthly volume of $101,895,194. There was an increase monthly sales from April 2014 to May 2014. 

MonthYearMonthly SalesMonthly VolumeAvg List $Avg Sale $Median Sold $Avg DOM
May 2014 248 $101,895,194 $432,147 $410,867 $381,250 124

Staten Island wrapped May up with an average sale price of $410,867. This is a decrease from the $448,397 that was raked in May 2013. However, there was an improvement of Average DOM (days on the market).

MonthYearMonthly SalesMonthly VolumeAvg List $Avg Sale $Median Sold $Avg DOM
May 2013 268 $120,170,493 $472,990 $448,397 $413,500 163

Staten Island May 2014 Real EstateSlow and steady wins the race seems to be an appropiate saying in Staten Island's real estate market. Although compared to 2013 there have been decreases, over the past few months there has been improvement in Staten Island's real estate market. 

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