Tom Crimmins Realty Blog - market recap

November 2016 Staten Island Real Estate Market Recap

Posted by Tom Crimmins Realty on December 7th, 2016

Staten Island real estate market is still going strong in the seller's market. There may be fewer homes, but sales are higher than ever! Here are the statistics for November 2016 & 2015:

The chart above displays an average sale price increase of $50,000 for November 2016, an 11.04% increase compared to November 2015. This is most likely caused by the decrease in inventory as shown below.

With the decrease in inventory as displayed above, the average listing and sale price for November 2016 have increased substantially and cut time spent on the market by approximately 20%.

As shown above, the time spent on market has decreased and the number of monthly sales has increased.

In Conclusion, because there is less inventory, homes are…

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February 2016 Real Estate Market Recap

Posted by Tom Crimmins Realty on March 19th, 2016

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

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.

 

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	…

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September 2015 Staten Island Real Estate Market Recap

Posted by Tom Crimmins Realty, Ltd. on October 9th, 2015

If you haven't read or heard before, now is the time to buy! Below are inventory reports for September 2014 and September 2015, as well as comparisons. It is evident that much has improve this past year.

Month	Year	Monthly Sales	Monthly Volume	Avg Sale $	Median Sold $
September	2015	373	$189,577,045	$508,249	$429,000

Comparing September 2015 to last year's month, Staten Island's real estate market had a healthy increase in sale sides from 306 to 373.

Month	Year	Monthly Sales	Monthly Volume	Avg Sale $	Median Sold $
September	2014	306	$136,374,073	$445,666	$403,264

The monthly and average sales of September 2015 has a remarkable increase from last year's numbers. 

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