Staten Island Market Update January 2019

Status: Active

17 Osprey Court, Staten Island, New York

Price: $1,750,000

4 Bedrooms

4 Bathrooms [ 2 Full, 1 Half, 1 (3/4th) ]

Market Trends for January 2019

Despite a strong U.S. economy, historically low unemployment and steady wage growth, home sales began to slow across the nation late last year. Blame was given to a combination of high prices and a steady stream of interest rate hikes by the Federal Reserve. This month, the Fed responded to the growing affordability conundrum. In a move described as a patient approach to further rate changes, the Fed did not increase rates during January 2019.

The Numbers Year to Year

  • The Median Sales Price decreased 1.9% to $539,450 year-over-year.
  • The number of Staten Island homes that closed was 309 vs. 352 in January 2018 for a one year change of -12.5%
  • There are 277 Staten Island sales that are pending which represents a decrease of 1.8% from a year ago.
  • New Listings in Staten Island increased 11.3 percent to 592
  • Days on Market was up 24.2% to 97 days. 
  • Buyers felt empowered as Months Supply of Inventory was up 12.5 percent to 4.9 months.

A few highlights of the current Staten Island, NY Housing market are shown below and represents properties available for sale, in contract and that have sold/closed.

This Month’s Most Expensive

The most expensive of all Staten Island, NY Homes For Sale this month is listed at $6,995,000 and includes 6 bedrooms, 12 baths and has 16,000 sqft. Click here to see it >> 76 Romer Road

This Month’s Least Expensive

The least expensive of all Staten Island, NY homes for sale came in at $130,000 and would be a great home for a first time homebuyer. It has 3 bedrooms and 1 bath with 900 sqft of living space. Click here to see it >> 2701 Goethals Road North

This Month’s Must See

There were some great Homes for Sale to consider for this month’s ‘Must See’ home tour.

17 Osprey Court is one of the New Luxury Homes to be built on the waterfront in Great Kills.

Feature 4 Bedrooms, a Roof Deck with Jacuzzi - All upgraded Amenities.

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John Martelotti
John Martelotti
    Keller Williams Realty SI
  • Staten Island, NY
  • Phone: 917-202-8309
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Highly likely to recommend

Words don’t express how great John and experienced he is. He got my property rented within 2 weeks!! His professionalism calmed my fears and made me feel at ease every step of the way.

Read more 10/12/2019 - Cindyng12000
Found a tenant for a Single Family home in Old Town, Staten Island, NY.

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John was amazing, he made the buying process seamless as possible. He was always prompt on any questions and accurate and set our expectations accordingly. In fact, John's emails/communications were always ...

Read more 05/27/2019 - Kirk Rodriquez
Bought a Single Family home in 2019 for approximately $625K in New Dorp, Staten Island, NY.

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John was very knowledgeable of the neighborhoods in area we were searching and helped us find a new apartment exactly where we were hoping. The process was stress free and John took the time to show us ...

Read more 03/27/2019 - zuser20151027174739284
Helped me rent a Multiple Occupancy home in Willowbrook, Staten Island, NY.

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John was a consumate professional throughout the entire process. His knowledge and experience in dealing with rentals, tenants, and landlords made him a very valuable resource for me in getting a tenant. ...

Read more 11/02/2018 - geoflyer247
Found a tenant for a Single Family home in Mariner's Harbor, Staten Island, NY.

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Made the process of getting into an apartment quick and easy. Is very responsive and doesn't mind communicating through text (which made this even easier- apparently a lot of brokers prefer not to communicate ...

Read more 10/12/2018 - tsaponaro81
Helped me rent a Multi Family home in Huguenot, Staten Island, NY.

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