30 FEBRUARY 2, 2017 RIDGEWOOD TIMES WWW.QNS.COM Home prices up in Queens, but sales dropped in 2016: report Ridgewood Times Renters’ Guide Listings selected at random. Courtesy MLSLI RIDGEWOOD Catalpa Avenue 88th Place 70th Street 75th Street 1-bedroom 63-14 Fresh Pond Road $1,680 Renovated kitchen & bathroom Security deposit & broker fee required Jeong Min Yim RES Queens LLC 2-bedroom 60-47 Catalpa Avenue $2,050 Stainless steel appliances Hardwood fl oors Malgorzata Pieniadz Realty By The Park 3-bedroom 60-42 68th Road $2,350 Spacious dwelling Close to transit & shops Hung Truong Chase Global Realty Corp GLENDALE 2-bedroom 78-31 80th Street $2,000 Close to shopping and park Credit check required Nancy Su Century 21 Sunshine Realty 2-bedroom 82-59 88th Place $2,000 Fully renovated Access to backyard Raymond Rivera One Stop Multi Service 3-bedroom 78-50 79th Lane $2,500 Second-fl oor rental All utilities included Teresa Coleman Keller Williams Realty Greater MASPETH 1-bedroom 58-67 57th Road $1,600 Newly renovated Walk-in closet Teresa Jasinski Exit All Seasons Realty 2-bedroom 59-34 70th Street $2,000 New bathroom Pets considered Bartosz Olszewski Keller Williams Landmark II 3-bedroom 60-15 69th Street $3,000 Entire house for rent Completely renovated, garage included Monica Stachura O’Kane Realty MIDDLE VILLAGE 1-bedroom 62-38 64th Street $2,000 Newly renovated, open layout Patrycja Komajda Babeti Exit Realty MiniMax 2-bedroom 69-63 75th Street $1,900 Fully-renovated, balcony access Jae Joon Park Prime Realty 3-bedroom 65-29 77th Place $3,000 Entire house for rent No pets, income check required Hongzhen Chen E Realty International Corp BY SUZANNE MONTEVERDI ASMONTEVERDI@QNS.COM/@SMONT76 fter a year bringing historic highs in sales prices and real estate growth citywide, the city’s residential sales market closed 2016 with a “moderate” fourth quarter, according to a recent report. A real estate study by the Real Estate Board of New York (REBNY) reported that the number of home sales in Queens fell 5 percent year-over-year to 3,908. However, despite the drop in sales, total residential sales consideration increased 2 percent to $2.1 billion in Queens year-over-year due to “strong average sales prices.” The average sales price of a home in Queens rose to $535,000 — a 7 percent increase as compared to the fourth quarter of 2015. By neighborhood, the Rego Park, Forest Hills and Kew Gardens section of the borough recorded 323 cooperative unit sales in the fourth quarter — a 5 percent increase year-over-year and the most co-op sales recorded in Queens for the quarter. Flushing recorded the most condominium activity in Queens this quarter with 68 sales — a 10 percent increase year-over-year. The number of one- to three-family home sales in the Richmond Hill, South Ozone Park and Woodhaven area decreased 2 percent year-over-year to 318 sales. However, the average sales price increased 11 percent to $528,000. “Home sales remain above average across the fi ve boroughs with healthy price growth despite a slight decline in activity this quarter,” said John H. Banks, III, REBNY president. “Demand for all property types holds strong, setting the pace of activity for the start of 2017.” The Real Estate Board of New York is the city’s leading real estate trade association and represents a number of individuals and institutions professionally interested in the city’s real estate. REAL ESTATE
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