Staten Island, New York
Sales for the months of January 1, 2011 to March 31, 2011
One family Detached 170 units sold, average sold price was $502,921
Two family detached, 101 units sold, average price was $498,668
One family semi, 76 units sold, average sold price was $378,654
Two family semi, 27 units sold, average sold price was $414,572
One family attached, 86 units sold, average sold price was $302,500
Two family attached, 7 units sold, average sold price was $341,128
Condos, 54 units sold, average sold price was $242,926
While your home may differ from the “average”, this information is listed to give you an idea of property values in general. If you have an extra bedroom, extra land, all new upgrades and renovations these will increase your value. Appraisers compare properties that are similar and sold within a certain time period. If you want to know what a certain property sold for, drop me an email or call me and I’ll let you know. This can be useful when trying to determine your property value.
What do the numbers above say to us?
If we look at my last report, we see that one family detached homes were the most active again.
Next active were the two family detached units, but the average sale price of the two family detached units was below that of the one family detached. The time on the market for the two family was longer than the one family units. So, one family detached is king. Cash is also king, because 31 units sold for cash. That is 18% of this one family detached market. We had 23 cash sales for the 2 family units. That is almost 23% of this market.