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Grymes Hill Home Prices

The data below shows median sales prices for Grymes Hill 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 Grymes Hill homes and apartments was $340,9001. 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 Grymes Hill

Compared to the 3 months ending December 2009, the combined median price for the 3 month period ending December 2010 is 121.36% higher.

The quarterly rolling median price for all homes and apartments in staten island reached its most recent peak of $940,000 in October 2006. At $340,900, the current quarterly rolling median price is now 63.73% lower. When the quarterly rolling median price hit its lowest point (to date) of $117,750 in July 2009 it was 87.47% off the most recent peak. It has since climbed 189.51% from that post peak low.

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

quarterly median sales prices in Grymes Hill 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 $345,450 § $148,000 § — § $340,900 §
November 2010 $345,450 § $148,000 § $275,000 § $307,950 §
October 2010 $345,450 § $115,000 § $275,000 § $307,950 §
September 2010 $262,500 § $115,000 § $200,000 § $125,000 §
August 2010 $417,000 § $115,000 § $125,000 § $130,000 §
July 2010 $417,000 § $124,500 § $125,000 § $135,000 §
June 2010 $314,000 § $124,500 § — § $250,000 §
May 2010 $416,660 § — § — § $416,660 §
April 2010 $523,330 § $143,000 § $256,000 § $336,330 §
March 2010 $523,330 § $143,000 § $228,000 § $381,000 §
February 2010 $505,500 § $143,000 § $228,000 § $256,000 §
January 2010 $375,500 § $150,000 § $200,000 § $285,000 §
December 2009 $370,000 § $135,000 § $200,000 § $154,000 §

12 Month Rolling Home Price History for Grymes Hill

The 12 month rolling median price for all homes and apartments in staten island reached its most recent peak of $461,750 in September 2008. At $265,500, the current 12 month rolling median price is now 42.50% lower. When the 12 month rolling median price hit its lowest point (to date) of $158,000 in November 2009 it was 65.78% off the most recent peak. It has since climbed 68.04% from that post peak low.

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

12 month rolling median sales prices in Grymes Hill 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 $381,000 § $135,000 § $228,000 § $265,500 §
November 2010 — § — § — § — §
October 2010 $375,500 § $135,000 § $228,000 § $275,000 §
September 2010 $398,830 § $127,500 § $200,000 § $200,000 §
August 2010 $398,830 § $135,000 § $200,000 § $200,000 §
July 2010 $398,830 § $138,000 § $200,000 § $200,000 §
June 2010 $381,000 § $138,000 § $200,000 § $200,000 §
May 2010 $375,500 § $138,000 § $200,000 § $200,000 §
April 2010 $372,917 § $131,000 § $200,000 § $200,000 §
March 2010 $376,958 § $131,000 § $200,000 § $200,000
February 2010 $376,958 § $131,000 § $200,000 § $200,000
January 2010 $376,958 § $122,500 § $200,000 § $180,000 §
December 2009 $371,458 § $122,500 § $200,000 § $158,000 §

Grymes Hill 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 Grymes Hill 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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