REAL ESTATE Report off ers mixed news on Queens market BY SUZANNE MONTEVERDI smonteverdi@qns.com/ @smont76 Aft er a year bringing historic highs in sales prices and real estate growth citywide, the city’s residential sales market closed 2016 with a “moderate” fourth quarter, according to a recent report. A real estate study by the Real Estate Board of New York (REBNY) reported that the number of home sales in Queens fell 5 percent year-over-year to 3,908. However, despite the drop in sales, total residential sales consideration increased 2 percent to $2.1 billion in Queens yearover year due to “strong average sales prices.” Th e average sales price of a home in Queens rose to $535,000 — a 7 percent increase as compared to the fourth quarter of 2015. By neighborhood, the Rego Park, Forest Hills and Kew Gardens section of the borough recorded 323 cooperative unit sales in the fourth quarter — a 5 percent increase year-over-year and the most co-op sales recorded in Queens for the quarter. Flushing recorded the most condominium activity in Queens this quarter with 68 sales — a 10 percent increase year-over-year. Th e number of one- to three-family home sales in the Richmond Hill, South Ozone Park and Woodhaven area decreased 2 percent year-over-year to 318 sales. However, the average sales price increased 11 percent to $528,000. “Home sales remain above average across the fi ve boroughs with healthy price growth despite a slight decline in activity this quarter,” said John H. Banks, III, REBNY president. “Demand for all property types holds strong, setting the pace of activity for the start of 2017.” Th e Real Estate Board of New York is the city’s leading real estate trade association and represents a number of individuals and institutions professionally interested in the city’s real estate. Sales in Queens HOMES COOPS CONDOS Listings and photos courtesy MLSLI NORTHEAST NORTHWEST SOUTHEAST SOUTHWEST COLLEGE POINT LONG ISLAND CITY QUEENS VILLAGE MASPETH Under $500,000 47-19 216th St., Bayside $209,000 Co-op 1 bedroom, 1 bathroom Nancy Chu JC Cornerstone Realty & Management $500,000-900,000 240-47 66th Ave., Douglaston $798,000 1-family Colonial 3 bedrooms, 2 full baths, 2 half-baths Eun Kim Promise Northern Realty Over $900,000 9-04 117th St., College Point $980,000 2-family home 5 bedrooms, 2 bathrooms Andres Soto Exit Kingdom Realty Under $500,000 33-29 90th St., Jackson Heights $298,000 Co-op 2 bedrooms, 1 bathroom Laura Copersino Douglas Elliman Real Estate $500,000-900,000 23-31 31st Drive, Astoria $599,999 Condo 1 bedroom, 1 bathroom Louis Philippou Citi Zone Realty Over $900,000 13-09 40th Ave., Long Island City $2,100,000 6-family apartment house 18 bedrooms, 6 bathrooms Rita Mahgereft eh Prime Realty Under $500,000 218-22 110th Ave., Queens Village $499,000 1-family Colonial 3 bedrooms, 3 bathrooms Teodora Gomez ERA/Top Service Realty $500,000-900,000 88-48 242nd St., Bellerose $589,000 1-family home 3 bedrooms, 1 bathroom Susan Sanchez EXIT Homestart Realty Over $900,000 219-44 Peck Ave., Hollis Hills $1,475,000 1-family expanded ranch 5 bedrooms, 4 bathrooms Bradly Barnett Laff ey Real Estate PICTURED LISTING Under $500,000 83-75 Woodhaven Blvd., Woodhaven $258,000 Co-op 2 bedrooms, 1 bathroom Rosa Collado Core Realty Success $500,000-900,000 70-28 57th Road, Maspeth $739,000 2-family Colonial 4 bedrooms, 2 bathrooms Malgorzata Guerrero O’Kane Realty Over $900,000 67-36 Fleet St., Forest Hills $999,000 1-family home 3 bedrooms, 2 ½ bathrooms Lily Tran Exit Kingdom Realty
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