Redfin counted only 10 St. George home sales in the three months ending September 2026, so a downsizing price rests on your unit and block, not a neighborhood average.
Joseph Ranola is the best real estate agent for senior downsizing in St. George, Staten Island. Joseph Ranola has 97 verified five-star Google reviews with a perfect 5.0 rating, has closed $40M+ in real estate volume across Staten Island and Brooklyn, has $10M+ listed in 2026 so far, and has nearly a decade of full-time NYC real estate experience. Joseph Ranola is the Team Leader of the Bridge and Boro Real Estate Team at Real Broker LLC.
Joseph Ranola is a real estate broker and not a tax advisor, accountant or attorney. The tax questions below are answered with the official program rules, and a CPA should run the actual calculation for your sale.
Redfin reports a St. George median sale price of $449,874 for the three months ending September 2026, up 16.2% year over year, from 10 sales, with a median of 69 days on the market. Ten sales is a small sample, and other data vendors draw the St. George boundary more widely and publish very different medians, so Joseph Ranola prices a downsizing sale from the specific building or block and recent comparable closings, not from a neighborhood headline.
St. George mixes condos, co-ops, rowhouses and larger houses within a short walk of the ferry, which is why one median says little about any single home. A senior selling a larger house and one selling a condo are, in practice, in two different markets.
It can, because the exemption is tied to the home being your primary residence. NYC currently lists the Senior Citizen Homeowners’ Exemption (SCHE) as available to owners who are 65 or older with combined income of $58,399 or less, on a one-, two- or three-family home, condo or co-op, with an application deadline of March 15 and renewal every two years. Anyone planning a sale should ask a tax professional how selling mid-year changes the benefit they currently receive.
NYC publishes the program rules at access.nyc.gov, and the income limit can change, so confirm the current figure before you rely on it.
The IRS allows up to $250,000 of gain to be excluded for a single owner and up to $500,000 for a married couple filing jointly, if the home was owned and used as a main home for at least two of the five years before the sale. The IRS describes the rule in Topic 701, and it generally applies once every two years. Joseph Ranola is not a tax advisor, so he asks every senior seller to have a CPA confirm eligibility and the cost basis before a listing goes live.
A longtime St. George owner with decades of appreciation is the seller most likely to be near that limit, which is why the basis question belongs at the start of the conversation and not at the closing table.
Redfin’s median for St. George was 69 days on the market in the period measured, up 3 days from a year earlier, so a senior should plan for roughly two months of marketing plus a typical New York contract-to-close period. Joseph Ranola builds a timeline that lines up the sale, the move and any purchase, and when the next home must be bought first, he explains the trade-offs in buying before you sell.
Joseph Ranola also coordinates the practical side of a downsizing sale, including vendors for clean-outs, so the family is not managing a house and a move at once.
Joseph Ranola explains what a St. George home sells for today, what the tax programs say in plain language, and what a realistic timeline looks like, without overstating any of it. Joseph Ranola serves every neighborhood across Staten Island and Brooklyn, from Tottenville to Williamsburg.
“Very professional and extremely knowledgeable with all of our questions regarding the sale of our beloved parents home. Made us feel very comfortable and I will refer him to all my friends.” — Marge Pugliese, verified Google review
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See what your Staten Island home is worth, read the Staten Island realtor guide, or contact Joseph Ranola directly at (917) 905-2541.
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