26 JANUARY 2, 2020 RIDGEWOOD TIMES WWW.QNS.COM
REAL ESTATE
Queens home prices are fl attening out: Report
BY EMILY DAVENPORT
EDAVENPORT@QNS.COM
@QNS
A recent report found that while
home prices are stabilizing, the number
of rentals off ering concessions in
Queens were on the rise last month.
StreetEasy recently released their November
market report, which took a look
at real estate trends in Queens (and the
city as a whole) last month. According
to their fi ndings, home prices in Queens
stayed fairly fl at compared to this time
last year, with prices averaging $510,201.
The Queens luxury market, which accounts
for 20 percent of available homes,
also stayed stable at $1,013,000.
Of all the boroughs analyzed in the
report, Queens was the only one that
saw an increase in price cuts.Throughout
the borough, one in ten houses on
the market saw a price cut, raising two
percentage points year-over-year.
While home prices stayed more or
less the same, rental prices in Queens
were on the rise. Central Queens in
particular saw a 3.1 percent increase
year-over-year, with prices averaging
$2,194.
Despite the increases, the number
of landlords off ering concessions is
Queens were also increasing compared
to last year. Borough-wide the share
of concessions rose to 15 percent last
month. In northwest Queens, 21 percent
of rentals advertised concessions last
month, a 6.7 percent increase year-overyear.
“Landlords off ering free months of
rent for tenants signing new leases is
a great way for them to fi ll their units
quickly without having to reduce the
monthly check they’ll be receiving,”
says StreetEasy Economist Nancy Wu.
“The uptick in concessions shows that
even though rents are still climbing,
tenants should never shy away from
negotiating other incentives with
their landlord, like free months of rent,
waived amenity fees or other deal
sweeteners.”
Visit streeteasy.com to read the full
report.
Ridgewood Times Sales Guide
Photo via Shuttertock
RIDGEWOOD GLENDALE MASPETH MIDDLE VILLAGE
Bleecker Street
Listings selected at random. Courtesy MLS
Under $600,000
63-16 Forest Ave. UNIT 1B
$497,000
Condo
2 bedrooms, 2 bathrooms
Joe Hasselt
Joe T Hasselt, REALTOR
$600,000-$1,000,000
18-12 Bleecker St.
$999,000
Colonial
3 bedrooms, 3 bathrooms
Teodoro Navarrete
Keller Williams Realty Liberty
Over $1,000,000
19-21 Harman St.
$1,299,000
Two-story two-family
6 bedrooms, 2 bathrooms
Joseph Crifasi
Crifasi Real Estate Inc
Woodhaven Boulevard 61st Street 63rd Avenue
Under $600,000
8 Valentine Pl.
$575,000
Single-family
2 bedrooms, 1 bathroom
Wioletta Bednarczuk, Anna Jargilo
Exit All Seasons Realty
$600,000-$1,000,000
81-39 Woodhaven Blvd.
$785,000
Colonial
3 bedrooms, 2 bathrooms
Richard Polanco
Keller Williams Landmark II
Over $1,000,000
65-13 Myrtle Ave.
$1,05,000
Mixed-use
5 bedrooms, 3 bathrooms
Miriam Vasquez
RE/MAX Team
Under $600,000
52-54 65th Pl. UNIT 2K
$390,000
Co-op
2 bedrooms, 1 bathroom
Beata Fil
Exit All Seasons Realty
$600,000-$1,000,000
58-03 63rd St.
$799,000
Two-story
3 bedrooms, 1 bathroom
Beata Fil
Exit All Seasons Realty
Over $1,000,000
53-71/73 61st St.
$1,100,000
Single-family
2 bedrooms, 2 bathrooms
Oscar Cervone
Douglas Elliman Real Estate
Under $600,000
64-17 72nd St. UNIT 1A
$599,000
Condo
1 bedroom, 2 bathrooms
Florin Spariosu
Sparrow REALTORS LLC
$600,000-$1,000,000
62-24 79th St.
$799,000
Two-story
2 bedrooms, 2 bathrooms
Donna Russo DiCesare
Russo Realty Properties
Over $1,000,000
82-32 63rd Ave.
$1,288,000
Colonial
4 bedrooms, 4 bathrooms
Shri Singh
Berkshire Hathaway
/streeteasy.com
/WWW.QNS.COM
link
link
