WWW.QNS.COM RIDGEWOOD TIMES MARCH 28, 2019 35
REAL ESTATE
Queens homes fl ew off the market in Feb.: report
BY EMILY DAVENPORT
EDAVENPORT@RIDGEWOODTIMES.COM
@RIDGEWOODTIMES
A recent report found that
Queens saw some signifi cant
increases not only in the
number of houses last month, but also
in home and rental prices.
StreetEasy released their
February 2019 Market Report on
March 21. Compared to Manhattan
and Brooklyn, which each saw an 18.4
percent increase and 21.9 percent
increase, respectively, Queens
saw the most significant jump in
sales inventory with a 26.5 percent
increase year-over-year.
Of the three boroughs, homes
in Queens moved off of the market
the fastest at a median of 67 days –
Brooklyn had a median of 90 days
and Manhattan had a median of 117
days on the market.
“With a strong economy and homeshopping
season right around the
corner, plenty of New Yorkers are
well-positioned to buy this spring.
However, many are willing to walk
away from deals that just aren’t
financially attractive and continue
Photo via Getty Images
renting instead — creating a market
poised to punish sellers who don’t
price their homes sensibly,” said
StreetEasy Senior Economist Grant
Long. “When the inevitable wave of
new inventory hits the market this
spring, interested buyers should
expect to see an uptick in price
cuts as the market forces ambitious
sellers to accept reality.”
The Queens StreetEasy Price
Index rose to $523,592, marking a 4
percent increase year-over-year.
StreetEasy found that while
prices throughout Queens are still
increasing, growth slowed down
compared to the high levels in
February 2018.
The share of homes with a price
cut in Queens also rose to 8.8 percent,
marking a 3.1 percent increase yearover
year.
Rents in Queens were also on the
rise in February 2019. The StreetEasy
Queens Rent Index reached $2,163,
marking a 2.4 percent year-overyear.
Northwest Queens saw the
largest increase in rents in February
2019, raising 2.3 percent to $2,254.
To read the full report,
visit streeteasy.com/blog/february-
2019-market-reports/.
Ridgewood Times Sales Guide
Listings selected at random. Courtesy MLS
RIDGEWOOD GLENDALE MASPETH MIDDLE VILLAGE
Palmetto Street 70th Street 59th Street 81st Street
Under $600,000
78-10 Cypress Avenue
$468,000
Single-family
4 bedrooms
Auction.com
$600,000-$1,000,000
88-24 81st Road
$635,000
Single-family
4 bedrooms, 2 bathrooms
Auction.com
Over $1,000,000
1818 Palmetto St.
$1,400,000
8 bedrooms, 3 bathrooms
Multi-family
Dominick Schook
Charles Rutenberg Realty
Under $600,000
Under $600,000
9 Valentine Place
$575,000
Single-family
3 bedrooms, 1 bathroom
Wioletta Bednarczuk
Anna & Wioletta Team
$600,000-$1,000,000
72-30 Myrtle Avenue
$875,000
Multi-family
5 bedrooms, 3 bathrooms
Andrew Markowitz
Andrew J Markowitz R E LLC
Over $1,000,000
70-32 70th Street
$1,450,000
Colonial
5 bedrooms, 4 bathrooms
Ronald Ferrara
Keller Williams Landmark II
Under $600,000
7127 Caldwell Avenue
$549,000
Single-family
2 bedrooms, 2 bathrooms
Michael Marek
Keller Williams Realty Landmark II
$600,000-$1,000,000
59-25 59th Street
$819,000
Single-family
3 bedrooms, 2 bathrooms
Vincent O Connell
RE/MAX Team
Over $1,000,000
59-33 60th Lane
$1,099,900
Multi-family
5 bedrooms, 3 bathrooms
Jeff rey Langer
Langer Realty Group Ltd
Under $600,000
71-27 Caldwell Avenue
$549,000
Condo
2 bedrooms, 2 bathrooms
Michal Marek
Keller Williams Landmark II
$600,000-$1,000,000
62-45 81st Road
$849,000
Single-family
3 bedrooms, 2 bathrooms
Shameer Fazal
Keller Williams Landmark II
Over $1,000,000
62-43 79th Place
$1,049,000
Single-family
2 bedrooms, 1 bathroom
Jaroslaw Kaszuba
Exit All Seasons Realty
/Auction.com
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