REAL ESTATE How much house can you buy with $300,000 in Queens? Not much at all Sales in Queens HOMES – CO-OPS – CONDOS Listings and photos courtesy MLSLI NORTHEAST NORTHWEST SOUTHEAST SOUTHWEST COLLEGE POINT WOODSIDE LAURELTON PICTURED LISTING HOWARD BEACH BY ANGELA MATUA [email protected]/@AngelaMatua The median listing price for homes in the United States is $300,000, but that number can mean a wide range in terms of home size. Points2Homes, a real estate search company, recently released a study that looks at the median home size (1,700 square feet) and median listing price in the country ($300,000) to gauge what living spaces and prices look like across the United States. Not surprisingly, the home size and prices varied widely across the top 50 U.S. markets and throughout the four boroughs. Staten Island was not included in the study. The study found that you could buy 1,700-squarefoot homes in Queens, Brooklyn, the Bronx and one in Los Angeles for the price of one home of equal size in Manhattan. The four boroughs in the study were so different in range that they refl ected the whole scale of prices throughout the 50 cities included in the study. For $300,000, interested homeowners could purchase a 1,271-square-foot home in the Bronx, a 661-square-foot home in Queens, a 448-square-foot home in Brooklyn and a measly 165-square-foot living space in Manhattan. The median price per square foot in Queens, which the study found is $454, is less than a quarter of Manhattan’s $1,821. But at $236 per square foot, the Bronx gives buyers the most space for their dollar. Though the study uses median listing prices and median home size, the statistics do not necessarily match up with what is actually on the market. New York’s building code calls for a minimum of 400 square feet for living spaces so a 165-square-foot living space in Manhattan would probably be a room in a larger apartment. A recent report by Douglas Elliman found that Queens rentals and home prices have seen a doubledigit increase since 2015. Compared to June of last year, the median sales price for a home in Queens in June 2016 jumped 20.8 percent, from $385,001 to $465,000. ATTOM Data Solutions, a housing data company, released a report in October that found that the average Queens resident has to pay a whopping 83.7 percent of their income to be able to buy median housing throughout the borough. Square footage is only part of a home owners purchasing decision and location is obviously a large factor. In Detroit, $300,000 can get you 6,977 square feet, which represents 42 times more space than Manhattan. But Detroit may not have the same job opportunities and is not the major hub for culture, fashion and fi nance that the city is. To check out what $300,000 can get you across the country, view this interactive map at www. point2homes.com/news/us-real-estate-news/muchhouse can-get-300000-top-50-cities-us.html. Photo via Flickr/Wally Gobetz A study found that for $300,000 a homeowner could purchase a 661-square-foot home in Queens. Under $500K 196-42 69th Ave., Fresh Meadows $275,000 Co-op 2 Bedrooms/1 Full Bathroom Jonathan Talmi Exit Realty Next $500-900K 34-23 255th St., Little Neck $799,000 Cape 4 Bedrooms/1 Full Bathroom Michael Lam Century Homes Realty Group LLC Over $900K 22-17 119th St., College Point $1,448,000 Contemporary, 3 Families 7 Bedrooms/5 Full Bathrooms Merry Chen RE/MAX Universal Real Estate Under $500K 51-10 30th Ave., Woodside $379,000 Co-op 2 Bedrooms/1 Full Bathroom Lisa D’Amico Douglas Elliman Real Estate $500-900K 41-38 66th St., Woodside $565,000 Condo 2 Bedrooms/1 Full Bathroom Nan Wu Keller Williams Realty Landmark Over $900K 22-31 74th St. $2,380,000 Colonial, 3 Families 8 Bedrooms/6 Full Bathrooms Evangelia Kontis Realty Executives Today Under $500K $499,999 110-32 160 St., Jamaica Colonial, 1 Family 3 Bedrooms/1 Full Bathroom, 1 Half Bathroom David Panah Empire Home Sales Inc. $500-900K $879,000 135-11 Springfield Blvd., Laurelton Victorian, 2 Families 7 Bedrooms/4 Full Bathrooms, 1 Half Bathroom Ken Gehris, USREALTY LLP Over $900K $1,200,000 81-43 102 Rd., Ozone Park Colonial, 5 Families 11 Bedrooms/6 Full Bathrooms Paul Napolitano Coldwell Banker Napolitano Realty Under $500K $349,000 151-35 84th St., Howard Beach Condo 3 Bedrooms/2 Full Bathrooms Kevin Leatherman Leatherman Homes $500-900K $849,000 54-35 Arnold Ave., Maspeth 2 Story, 2 Families 5 Bedrooms/3 Full Bathrooms Francesco Guercio Donna Demkowicz, REALTOR Over $900K $1,195,000 86-60 91st St., Woodhaven Victorian, 3 Families 6 Bedrooms/4 Full Bathrooms Qiao Zhen Do Right Realty
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