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‘Power of proximity’: Staten Island identified as a market that is transforming luxury real estate

March 5, 2022 by Staff Reporter

Coldwell Banker Global Luxury has named Staten Island among the top five markets in the nation for spacious, opulent and high-priced single-family homes. There’s proof of that designation in recent sales. This 10,400-square-foot home with four bedrooms and seven bathrooms on Nicolosi Loop in Annadale sold for $2.325 million in 2021. (Photo courtesy of SIBOR)

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STATEN ISLAND, N.Y. – Think Staten Island real estate is overcrowded? Full of too many attached houses and a patchwork of average 40×100 properties? A new analysis conducted by Coldwell Banker Global Luxury is challenging that notion, naming the borough as one of the top five markets in the nation for spacious, opulent and high-priced single-family homes.

“The Opportunity Index, compiled from market data and research by Wealth-X commissioned by Coldwell Banker Global Luxury, highlights 120 major U.S. luxury property markets according to their ‘opportunity,’ or buying potential,” a representative from Coldwell Banker detailed about the report. “Staten Island was identified as a luxury standout, ranking among the highest in terms of inventory levels out of the 120 markets analyzed, maintaining a 20% increase in inventory levels from 2020.”

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Filed Under: REAL ESTATE

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