Under
contract properties this last qtr vs. the same qtr a year ago shows the
following:
Under Contract
2/09
-4 /09 2/10 – 4/10
812
(in escrow) 1176 (In escrow) +44.8%
$360,000
(Avg Price) $385,000 (avg price) +7%
Homes
sold this last qtr vs. the same qtr a year ago shows the following:
Homes Sold
2/09
– 4/09 2/10
– 4/10
668
(Total sold) 766
(Total Sold) +14.7%
$371,000
(Avg Price) $385,000
(Avg Price) +3.8%
The
market seems to be getting a push from the Federal Tax Credit, along with low
interest rates and improving economic conditions.
It
remains to be seen if this sudden surge early in the year will steal some
activity in the upcoming months.
With
rates at historic lows it remains an ideal time to purchase or have your home
sold to a buyer with such great financing opportunities.
As
always if you have any further questions pertaining to the market on Staten
Island feel free to contact.
