28 MARCH 12, 2020 RIDGEWOOD TIMES WWW.QNS.COM
REAL ESTATE
Home buyers get most bang for their buck in these Queens nabes
BY BENJAMIN MANDILE
EDITORIAL@QNS.COM
@QNS
As housing prices drop and the
number of New York City homes are
on the rise, buyers have more negotiating
power in Queens, according to
a new report from StreetEasy.
Buyers with a budget between
$700,000 and $1 million will find the
most leverage in Flushing and Bayside,
with buyers paying 93 percent
of the initial asking price.
The more expensive a home, the
more a buyer can negotiate on the
price, according to the report.
“In 2019, the median buyers paid 97
percent of the initial price in neighborhoods
citywide below $700,000
and 90 percent of the asking price
in neighborhoods above $1 million,”
said Nancy Wu, the author of the
report.
The median home in New York
City has a closing price of 95 percent
of the initial asking price.
Rego Park, which has a median
price of approximately $430,000 and
Jackson Heights, which has an approximate
median price of $460,000
have sale to list price ratios of 95 percent
and 97 percent respectively.
The sale to list ratio is the final
price of a home, or in other words,
what a buyer pays for a home.
This is the third consecutive year
of prices for homes in the city dropping
and with “cooler” home markets
there is more room to negotiate as
there is less demand.
Prices rose steadily in the borough
from 2012 to 2019 as buyers
looked here for relative affordability,”
said Emily McDonald, a
PR specialist for StreetEasy in a
February report. “But price growth
has significantly slowed in the past
several months.”
In 2019 homes stayed on the market
for an average of 101 days, much
higher than the citywide average
of 79, said Emily McDonald, a PR
specialist for StreetEasy.
Ridgewood Times Sales Guide
Photo via Getty Images
RIDGEWOOD GLENDALE MASPETH MIDDLE VILLAGE
Woodward Ave.
Listings selected at random. Courtesy MLS
Under $600,000
63-34 Freshpond Rd. Unit 4H
$549,750
Condo
1 bed, 1 full bathroom
Tomasz Smolinski, Omega Realty
of Greenpoint LLC
$600,000-$1,000,000
18-12 Bleecker St.
$999,000
1 family colonial
3 bedrooms, 2 full and 1 half
bathrooms
Teodoro Navarrete, Keller Williams
Realty Liberty
Over $1,000,000
681 Woodward Ave.
$2,700,000
Other, 7 families
9 bedrooms, 7 full bathrooms
Marek Sobolewski, Trademarko
Realty Inc
64th Street 56th Avenue 79th Place
Under $600,000
76-08 69th Pl. Unit 3C
$549,000
Condo
2 bedrooms, 2 full bathrooms
Joseph Guidici, Century 21 Amiable
Rlty Grp II
$600,000-$1,000,000
74-16 64th St.
$989,000
2 stories, 2 families
4 bedrooms, 2 full bathrooms
Viorel Ardelian, Campione Realty
Over $1,000,000
69-41 64th St.
$1,399,000
2 story, 2 families
5 bedrooms, 3 full bathrooms
Roseann Bisconti, Century 21
American Homes
Under $600,000
65-31 52nd Ave Unit 1C
$475,000
Condo
1 bedroom, 1 full bathroom
Tao Guan, Douglas Elliman Real
Estate
$600,000-$1,000,000
59-28 69th Pl
$999,000
2 family colonial
5 bedrooms, 3 full bathrooms
Elizabeth Ripoll McKenna, RE/MAX
Team
Over $1,000,000
61-49 56th Ave.
$1,690,000
Duplex, 2 families
8 bedrooms, 6 full bathrooms
Jaroslaw Kaszuba, Exit All Seasons
Realty
Under $600,000
57-45 74th St.
$379,000
Condo
1 bedroom, 1 full bathroom
Ahmed Duraliev, Werba Realty LLC
$600,000-$1,000,000
65-37 79th Pl
$698,000
1 family ranch
2 bedrooms, 1 full bathroom
Christopher Tscherne, Tscherne
Realty Inc
Over $1,000,000
66-04 79th Pl
$1,059,000
2 family colonial
5 bedrooms, 2 full bathrooms
John Lombardi, Crifasi Real Estate
Inc
link
/WWW.QNS.COM
link
