Real Estate
Affordable Living
BY SUZANNE MONTEVERDI
SMONTEVERDI@QNS.COM
Home sale prices have increased
across the city, according to a local
real estate marketplace. However, the
housing stock is high and prices are
still low in five Queens neighborhoods
that are perfect for anyone looking for
a new place to call home.
According to real estate website
StreetEasy, Forest Hills, Woodside, Sun-nyside,
Jackson Heights and Kew Gar-dens
are the most affordable areas with
the most potential in Queens right now.
A mix of single-family homes and
multi-bedroom apartments are aplenty
in Forest Hills, StreetEasy reports. And,
with a median sale price 33 percent
below the Queens average, it remains
affordable. The family-friendly neigh-borhood
is home to a number of great
eateries, shops and nearby transpor-tation
options including subway sta-tions,
bus stops and the Long Island
Rail Road. Prices are growing steadily
in the neighborhood, according to the
real estate site, so it is better to make
the move sooner than later.
Woodside is a great place for young
buyers, with prices clocking in at 35
percent below the borough-wide aver-age
and new inventory up 35 percent
from last year. The neighborhood fea-tures
a number of transportation options
and bars and eateries. New places to
live tend to be concentrated in larger
complexes here.
Housing stock in Sunnyside goes for
about half as much as in nearby up-and-coming
Long Island City and features
many of the same great transportation
and dining options. With average time on
the market coming in at 42 days, buyers
are eager to claim the neighborhood’s
affordable inventory.
Jackson Heights — though the most
expensive neighborhood on the list at a
median resale price of $445,000 — is
still a viable option for Queens buyers.
Homes in this northwestern Queens
neighborhood sold faster than any other
neighborhood in Queens, according to
StreetEasy, and the area has seen a
30 percent increase in new inventory
since last year. Still, the diverse central
Queens neighborhood is 12 percent less
expensive than the Queens average.
Kew Gardens, the least expensive
neighborhood on the roundup, has
homes going for a median resale price
81 percent below the Queens average.
With a solid inventory increase and price
growth beginning to take off, the real
estate site said, settling in the area
now would be a worthwhile investment.
StreetEasy provides those shopping for
real estate in New York City accurate and
comprehensive for-sale and for-rent listings
through its search engine and website.
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