Staten Island Real Estate Market Pulse - February, 2014

Posted by Vivian Kokkinos on Monday, February 24th, 2014 at 7:33pm.

You may have heard on the news that inventory of homes for sale is tight and wondered if that is the case for Staten Island.  To give it to you in a nut shell...it most certainly is.  Currently on Staten Island, it is starting to look like a seller's market.  That being said, sellers should not be fooled into thinking that the glory days of run away price appreciation of homes is back.  The fact that interest rates are still holding at historic lows is keeping the buyers active and willing to buy.  Rest assured however, that the buyers are drawn to reasonably priced homes.  Overpriced homes are still sitting on the market with minimal showing requests and without getting offers to purchase.  The take away of this market is that although it is very active, sellers still have to price a property accordingly and have superior marketing from their selling agent.  It is a great time to sell and also to buy.  It truly is a win win for both buyers and sellers.  If you want more detailed information on your specific property, please call my cell, 917-885-9026, and I will be happy to discuss it with you.

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