QNE_p078

QC03312016

REAL ESTATE Queens makes list of most expensive housing markets in North America BY ANGELA MATUA amatua@qns.com/@AngelaMatua Though Queens is regarded as one of the cheaper boroughs when it comes to purchasing a home, a new study fi nd that prices in the “World’s Borough” are on the rise. According to Point2 Homes, an online real estate marketplace, Queens comes in 12th place out of 15 for the most expensive housing markets in North America. The median home price in the borough is $369,000, the highest since 2008, the study said. The study is based on quarterly reports and monthly market studies in December 2015 and took into account cities in the United States and Canada with a population of 500,000 or more. Not surprisingly, Manhattan ranks second Sales in Queens HOMES – CO-OPS – CONDOS Listings and photos courtesy MLSLI NORTHWEST NORTHEAST SOUTHWEST SOUTHEAST LONG ISLAND CITY BEECHHURST MIDDLE VILLAGE JAMAICA PICTURED LISTING Under $400,000 56-07 31st Ave, Woodside $215,000 Co-op 1 bedroom, 1 bathroom Lisa D’Amico Douglas Elliman Real Estate $400,000-$800,000 25-69 38th St, Astoria $549,000 Condo 1 bedroom, 1 bathroom Irene Drettakis Realty Executives Today Over $800,000 40-21 27th St., Long Island City $1,900,000 2-family home 4 bedrooms, 2 full baths Robert Glessman Douglas Elliman Real Estate Under $400,000 10-34 166th St., Beechhurst $310,000 Co-op 3 bedrooms, 1 bathroom Patti Gottlieb Keller Williams Realty Landmark $400,000-$800,000 170-20 Crocheron Ave., Flushing $468,000 Condo 1 bedroom, 1 bathroom Ae Moon Keller Williams Realty Greater Over $800,000 76-08 167th St., Fresh Meadows $858,000 2-family home 4 bedrooms, 2 bathrooms Catherine Youn Realty Connect USA LLC Under $400,000 99-73 164th Dr., Hamilton Beach $289,000 1-family Colonial 2 bedrooms, 2 bathrooms Agatha Plucinski Keller Williams Realty Landmark $400,000-$800,000 58-22 81st St., Middle Village $685,000 1-family home 2 bedrooms, 1 bathroom Daniel Gale Realty Over $800,000 1708 Palmetto St., Ridgewood $1,680,000 6-family home 12 bedrooms, 6 bathrooms Patsy Tiu Keller Williams Realty Gold Coast Under $400,000 171-35 105th Ave, Jamaica $130,000 1-family home (needs TLC) 2 bedrooms, 2 bathrooms Avraham Avramcheyiv Best House Realty Inc $400,000-$800,000 88-23 Pontiac St., Queens Village $749,000 2-family duplex 6 bedrooms, 2 full baths, 2 half-baths Palackal Babu Cross Island Realty One Inc Over $800,000 83-22 188th St., Jamaica Estates $925,000 1-family home 3 bedrooms, 2 bathrooms Flora Wong SFW Realty Corp on the list while Brooklyn ranks fourth. Queens beat out Denver, Colorado, Portland, Oregon and Dallas, Texas. An analysis by PropertyShark, an online property research tool, shows that the increasingly pricey Brooklyn is pushing more people toward Queens. The number of permits fi led for residential and mixed-use buildings in Queens has soared in the last three years, according to PropertyShark. In 2015, 8, 906,937 square feet of property was in the process of being developed. In 2014, that number was 6,709,328 square feet compared to 3,903,625 square feet in 2013. The median price per square feet also soared to $359, jumping 9.8 percent since 2013. “If these numbers are anything to go by, it seems that Queens is indeed fl ying a bit too close to Manhattan and Brooklyn’s bright sun, which in turn would explain the presence of the borough alongside some of the most expensive housing markets in North America,” Liviu Oltean of PropertyShark said.


QC03312016
To see the actual publication please follow the link above