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HomeRaj Rajpal

Raj Rajpal

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Real Estate sales In Staten Island

01-02-08
Raj Rajpal

Sales Figures

Here are some of the sales figures in Richmond County Talking to a lot of different Agents form different offices stating the Sales are slow , I am looking at some Charts I tried to understand the numbers from a Chart Courtesy Staten Island Board of Realtors

Staten Island

Now If we closely look at the numbers in Closed sales the units sold dropped les than 10%, the Median sales price is almost same , so the concern the values are dropping is almost not Valid in Staten Island base upon the figures from SIBOR, only change I see is the number of days the properties are staying in the market, It is a possibility after we see the 4th Quarter numbers the picture may be very different , but till I see those numbers I am sticking with, We are doing good in Richmond Count compared to the rest of the county .

Now Look at another chart from 2004 -2005 , Amazing the Numbers are way up

Chart

In 2005 we only closed 1132 units at a average sales price of $385,000 compared to 2007 as of October we had already closed 3058 units at average sales price of $425,000.

I do not understand Did someone say it is Slow and the prices are dropping . Not according to this data. I say Sales are up almost 300% from 2005

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