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Concord Home Prices

The data below shows median sales prices for Concord Staten Island homes, co-ops and condos as determined from New York City property records in December 2010. For the 3 months ending December 2010, the median sales price for all Concord homes and apartments was $772,5001. A history of quarterly median sales prices is below. For a less volatile look at pricing, see the 12 month rolling median price data. Affordability based on income and recorded home sales is also calculated.

Quarterly Rolling Home Price History for Concord

Compared to the 3 months ending December 2009, the combined median price for the 3 month period ending December 2010 is 174.42% higher.

At $772,500, the current combined median price is now at a new all time high for the series.

Quarterly Rolling Median Sales Prices: Houses, CO-OPs, Condos, Combined

quarterly median sales prices in Concord for houses, co-ops, condos and combined properties

History of Quarterly Rolling Median Sales Prices for the Last Year

Month Houses CO-OPs Condos Combined
December 2010 $772,500 § — § — § $772,500 §
November 2010 $380,000 § $116,500 § — § $363,373 §
October 2010 $312,125 § $116,500 § — § $283,250
September 2010 $301,321 § $116,500 § — § $283,250 §
August 2010 $260,000 § — § — § $260,000 §
July 2010 $262,500 — § — § $262,500
June 2010 $267,500 — § $75,000 § $265,000
May 2010 $307,435 — § $75,000 § $304,870
April 2010 $344,550 — § $75,000 § $335,500
March 2010 $287,000 — § — § $287,000
February 2010 $262,500 — § — § $262,500
January 2010 $290,000 — § — § $290,000
December 2009 $281,500 — § — § $281,500

12 Month Rolling Home Price History for Concord

The 12 month rolling median price for all homes and apartments in staten island reached its most recent peak of $364,939 in November 2007. At $289,125, the current 12 month rolling median price is now 20.77% lower. When the 12 month rolling median price hit its lowest point (to date) of $271,500 in August 2010 it was 25.60% off the most recent peak. It has since climbed 6.49% from that post peak low.

12 Month Rolling Median Sales Prices: Houses, CO-OPs, Condos, Combined

12 month rolling median sales prices in Concord for houses, co-ops, condos and combined properties

History of Rolling Median Sales Prices for the Last Year

Month Houses CO-OPs Condos Combined
December 2010 $296,000 $116,500 § $75,000 § $289,125
November 2010 — § — § — § — §
October 2010 $295,000 $116,500 § $75,000 § $290,000
September 2010 $281,125 $116,500 § $75,000 § $276,613
August 2010 $273,000 — § $75,000 § $271,500
July 2010 $288,990 — § $75,000 § $283,995
June 2010 $292,500 — § $75,000 § $290,000
May 2010 $290,000 — § $75,000 § $289,495
April 2010 $289,495 — § $75,000 § $288,990
March 2010 $279,000 — § — § $279,000
February 2010 $277,925 — § — § $277,925
January 2010 $278,850 — § — § $278,850
December 2009 $279,425 — § — § $279,425

Concord Home Affordability

In 2007, the median household income in Staten Island was $68,1352. Home affordability guidelines suggest that no more than 30% of household income be spent servicing a home loan. For the median Staten Island household, this would have meant that a monthly mortgage payment should not have exceeded $1,703 using the 2007 average mortgage rate of 6.34%3. Combining this with 2007 property sales records, we can calculate that the median income household could have potentially afforded approximately 15.50% of the homes and apartments sold in Concord in all of 2007.

1. All sales metrics are calculated from NYC Rolling and NYC Annual property sales. Metrics derived from rolling data are preliminary as some sales take months to report. ↩

2. Affordability data, including median income by borough, are calculated from metrics in the NYC Datamine Economic and Housing Profile datasets. ↩

3. Average mortgage rates are from Freddie Mac Primary Mortgage Market Survey Archives and do not include points. ↩

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