Staten Island Market Update January 2019

Beautiful home
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 SI
  • Staten Island, NY
  • Phone: 917-202-8309
  • Office : 718-766-7159
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Visit me online at https://johnmartelotti.kw.com

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Good service and excellent communication, would recommend to friends. Helped me find a great apartment that I am happy to be living in for the next 2 years!!!!

Read more 08/04/2020 - danielle woodman
Helped me rent ahome in Rosebank, Staten Island, New York, NY 10305.

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I highly recommend John in helping anyone find a home. My experience with John was great! He is very knowledgeable on every aspect of purchasing a home super patient and honest ! ??

Read more 07/24/2020 - Jackie reno
Bought a for approximately $325Khome in 2020 singleFamily in Staten Island, New York, NY 10314.

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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 ahome in Emerson Hill, Staten Island, New York, NY 10304.

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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 for approximately $625Khome in 2019 singleFamily in Oakwood, Staten Island, New York, NY 10306.

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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 ...

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Helped me rent ahome in Staten Island, New York, NY 10314.

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