REAL ESTATE QUEENS REAL ESTATE SALE PRICES KEEP CLIMBING HIGHER AND HIGHER, REPORT FINDS Sales in Queens HOMES – CO-OPS – CONDOS Listings and photos courtesy MLSLI NORTHEAST NORTHWEST SOUTHEAST SOUTHWEST WHITESTONE JACKSON HEIGHTS CAMBRIA HEIGHTS PICTURED LISTING WOODHAVEN Under 500K 78-40 164th, Fresh Meadows $190,000 Co-op 1 Bedroom/1 Full Bathroom Able Realty Inc 500-900K 222-15 37 Ave, Bayside $858,000 Ranch, 1 Family 3 Bedrooms/1 Full Bathroom, 1 Half Bathroom Patricia DAntoni/ Yasser Bassily Douglas Elliman Real Estate Over 900K 15-38 Clintonville St, Whitestone $1,890,000 Contemporary, 2 Families 6 Bedrooms/5 Full Bathrooms Hui Fang Chen AAA Young Shuen Realty Inc Under 500K 59-11 Queens Blvd, Woodside $295,000 Co-op 1 Bedroom/1 Full Bathroom Sean Donohue RE/MAX Team 500-900K 34-50 80 St, Jackson Heights $729,000 Co-op 3 Bedrooms/2 Full Bathrooms Daniel Karatzas Beaudoin Realty Group Inc Over 900K 43-19 25th Ave, Astoria $1,089,000 2 Story, 2 Family 4 Bedrooms/2 Full Bathrooms, 1 Half Bathroom Provident Realty Group Corp Under 500K 115-55 223rd St, Cambria Heights $499,999 Colonial 3 Bedrooms/2 Full Bathrooms Eddie Saeed/ Naghmana Rizwan Keller Williams Rlty Landmark 500-900K 145-07 105th Ave, Jamaica Colonial $649,000 4 Bedrooms/3 Full Bathrooms David Yakubov Trusted Property Advisors Corp Over 900K 201-12 Epsom Cors, Hollis Hills $1,250,000 Cape 4 Bedrooms/2 Full Bathrooms 1 Half Bathroom Michael Mohabir Big Team Realty Under 500K 311 St Nicholas Ave, Ridgewood $458,000 Condo 1 Bedroom/2 Full Bathrooms Bing Wang East Coast REALTORS Inc 500-900K 85-10 88th Ave, Woodhaven $938,000 2 Story, 2 Family 5 Bedrooms/2 Full Bathrooms 1 Half Bathroom Kok Seng Chong Bright Star Realty Inc Over 900K 54-07 65 Pl, Maspeth $1,050,000 Contemporary, 2 Family 4 Bedrooms/3 Full Bathrooms Ania Sikorski/ Maryanna Zero Home Hunters Real Estate BY SUZANNE MONTEVERDI smonteverdi@qns.com/@smont76 Real estate prices are on the rise citywide and throughout the borough, according to a recent report. Residential sales data published by the Real Estate Board of New York (REBNY) examines the average sales prices for cooperatives, condominiums and one- to three-family dwellings in the city and within each of the fi ve boroughs. According to the study, the New York City residential sales market posted a record $13.6 billion in citywide total monetary value for completed home sales transactions in the third quarter of 2016 — a 15 percent rise when compared with the third quarter of 2015. All fi ve boroughs posted year-over-year increases in the average sales price for a home. In Queens, average sales price for a home (including cooperatives, condominiums and one- to threefamily dwellings) increased 6 percent to $523,000, while home sales volume year-over-year increased a total of 7 percent to 4,303 units. Overall, total residential sales consideration rose 12 percent to $2.25 billion in the borough year-to-year. When examining Queens neighborhoods, Flushing recorded the most condominium sales in Queens this quarter with 86 units — an increase of 28 percent from last year’s third quarter. The average sales price was listed at $518,000, which is a 6 percent increase year-over-year. Long Island City recorded the highest average condo price per square foot for the quarter at $1,195, as well the as highest average co-op sale price coming in at $441,000. When examining average one- to three-family dwelling sale prices, Long Island City was highest at $1,902,000, followed by Astoria at $1,093,000 and Jamaica Estates/Holliswood at $1,025,000. “The record total transactional value and uptick in home sales completed this quarter represent the health of the residential market citywide,” said John Banks, III, REBNY president. “The slight pause felt last quarter was redirected through the hot summer season and this heightened activity sets us up for a promising remainder of 2016.” The Real Estate Board of New York is the City’s leading real estate trade association which publishes reports providing indicators of market prices for both the residential and commercial sectors.
QC10272016
To see the actual publication please follow the link above