REAL ESTATE Report: Queens homes nearly 10 percent more expensive than in 2014 Sales in Queens HOMES – CO-OPS – CONDOS Listings and photos courtesy MLSLI NORTHWEST NORTHEAST SOUTHWEST SOUTHEAST LONG ISLAND CITY LITTLE NECK HOWARD BEACH JAMAICA $400,000 & Under 31-85 Crescent St., Astoria Price: $190,000 Bed(s): Studio co-op Bath(s): 1 Broker: George Herrera, Keller Williams Realty Landmark II $400,000 - $800,000 43-33 48th St., Sunnyside Price: 499,000 Bed(s): 1, Condo Bath(s): 1 Broker: Mohamed El Goarany, Exit Realty First Choice $800,000 + More 11-24 31st Ave., Long Island City Price: $999,000 Bed(s): 2, Condo Bath(s): 2 Broker: Kelly Killian, Kelly NYC LLC $400,000 & Under 160-44 Cross Island Pky., Whitestone Price: $298,888 Bed(s): 2, Co-op Bath(s): 1 Broker: Jeanne Longueira, Keller Williams Realty Greater $400,000 - $800,000 28-11 Clearview Expy., Bayside Price: $769,888 Bed(s): 3, Detached single family ranch Bath(s): 2 Broker: Judy Markowitz, Energized Realty Group $800,000 + More 252-42 Brattle Ave., Little Neck Price: $3,150,000 Bed(s): 6, Mediterranean single-family Bath(s): 6.5 Broker: Christopher DeGeorge, Keller Williams Realty Landmark $400,000 & Under 62-15 53rd Ave., Maspeth Price: $269,000 Bed(s): 2, Co-op Bath(s): 1 Broker: Maureen Brennan, O Kane Realty $400,000 - $800,000 160-11 98th St., Howard Beach Price: $799,999 Bed(s): 3, Colonial single-family Bath(s): 2.5 Broker: Cecilia Calcagnile, Century 21 Amiable Realty Group II $800,000 + More 18-18 Woodbine St., Ridgewood Price: $1,300,000 Bed(s): 8, Multi-family contemporary Bath(s): 4 Broker: Rosa Ana DelValle, Winzone Realty Inc. PICTURED LISTING $400,000 & Under 102-36 188th St., Hollis Price: $379,000 Bed(s): 3, Attached single-family Bath(s): 3 Broker: Maria Mesa, Parkview Realty LLC $400,000 - $800,000 80-46 161st St., Jamaica Price: $709,000 Bed(s): 3, Single-family colonial Bath(s): 2 Broker: Zi Feng Chen, Bold Realty Corp. $800,000 + More 181-33 Kruger Rd., Jamaica Estates Price: $1,788,000 Bed(s): 5, Single-family Colonial Bath(s): 4 Broker: Ed Hefl in, East Coast Realtors Inc. BY LIAM LA GUERRE [email protected] @LiamLaGuerre Queens homebuyers are likely to pay much more for new abodes as prices continue to rise. The median price of a home in Queens is 9.3 percent higher this May when compared to May of 2014, according to a report by Keller Williams Realty Landmark II based on data from the Long Island Board of Realtors. The median sales price reached $404,375 in May, which is up 1.2 percent from April. Condo prices in particular are moving at a scary pace, as they rose roughly 20 percent in a year, the data reveals. Median condo prices were at $408,000 last year in May, but have since risen to $490,000, according to the report. The increase is prices is a continuing trend caused by the rise in demand for homes while supply of available homes remains relatively low. The inventory of available homes in Queens is nearly 4,400, which is down 25 percent from the same time last year. At the same time homes are in high demand now because interest rates for mortgages continue to remain under 4 percent. Historically interest rates have been at an average of 8.9 percent. In a sign of change the inventory level actually rose slightly in May when compared to April, but not enough to impact prices yet. “As interest rates remain low, it’s likely that demand will remain strong as we move into the summer and peak season for the Queens real estate market,” the report said. “Overall, we’re still experiencing the tight inventory levels, but now that June has hit, we are fi nally seen more homes hit the market.” Chart courtesy Keller Williams Realty Landmark II
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