32 APRIL 1, 2021 RIDGEWOOD TIMES WWW.QNS.COM
Queens had most stable real estate market in NYC during fi rst year of pandemic
Ridgewood Times Sales Guide
Under $600,000
62-48 60th Place, Unit 1B
$369,000
Condo
1 bedroom, 1 bathroom
Michelle O Kane, O Kane Realty
$600,000-$1,000,000
1905 Putnam Ave., Unit 2R
$725,000
Condo
2 bedrooms, 2 bathrooms
Margaret Guerrero, Charles
Rutenberg Realty Inc
Over $1,000,000
62-55 60th St.
$1,200,000
Multi Family
7 bedrooms, 3 bathrooms
Nicholas Conti, Laffey Real
Estate
Under $600,000
90-60 Union Tpke., Unit 4D
$359,000
High Rise
2 bedrooms, 1 bathroom
Michal Marek, Sold By Bart R E
Partners Inc
$600,000-$1,000,000
65-20 78th Ave.
$735,000
Two Story
3 bedrooms, 2 bathrooms
Michael Miguel, EXP Realty
Over $1,000,000
72-51 61st St.
$1,100,000
Two Story
5 bedrooms, 3 bathrooms
Marek Sobolewski, Trademarko
Realty Inc
Under $600,000
62-19 53rd Ave., Unit 4M
$325,000
Mid Rise
2 bedrooms, 1 bathroom
Beata Fil, Exit All Seasons Realty
$600,000-$1,000,000
60-25 70th St.
$759,000
Townhouse
3 bedrooms, 2 bathrooms
Alex Baron, Keller Williams Rlty
Landmark
Over $1,000,000
60-27 56th Drive
$1,199,000
Colonial
8 bedrooms, 3 bathrooms
Xin Zhang, Landmark International
R E LLC
Under $600,000
61-88 Dry Harbor Road, Unit 4J
$335,000
Garden Apartment
2 bedrooms, 1 bathroom
Astor Brokerage Ltd
$600,000-$1,000,000
77-14 66th Road
$818,000
Two Story
3 bedrooms, 1 full and 1 half
bathrooms
Louis Pastorini, Coldwell Banker
Phillips
Over $1,000,000
61-16 63rd Street
$1,198,000
Colonial
6 bedrooms, 2 full and 1 half
bathrooms
Margaret Klusek, Winzone Realty
Inc
REAL ESTATE
BY JACOB KAYE
JKAYE@SCHNEPSMEDIA.COM
@QNS
Despite declines in home sales throughout the
fi rst 12 months of the pandemic, the Queens
real estate market fared better than all New
York City boroughs, according to a new report.
Already the most active residential market
in the city, Queens retained the highest sales
activity in the past year, according to a report
on the real estate market in the past year from
PropertyShark.
However, that’s not to say the borough was immune
to a declining market.
In the first 12 months of the pandemic, Queens
saw 26 percent fewer deals made in the market
when compared to the previous year, the report
said.
Over the course of the year, the decline in the
borough’s market fluctuated. At the start of the
pandemic, sales in the borough more than halved,
falling by 54 percent year-over-year in April, with
552 sales, according to PropertyShark. Though
sales bounced back up in the early summer, hitting
a 29 percent year-over-year decrease in July,
sales dropped back down by the fall.
In September, “confidence in the market
evaporated,” according to the report. Sales activity
that month fell by 56 percent when compared
to September 2019.
However, the drop wasn’t sustained. By October,
more buyers returned to the market, when sales
almost doubled when compared to the month prior.
Since then, sales have remained fairly consistent,
reaching a peak in December 2020, when home
sales were up 3 percent when compared to the
year before, the report said.
When the market began to bounce back in October,
so did the median sales price in the borough.
In fact, even during the slowest months on the
market, prices continued to climb, according to
PropertyShark.
In April, the median sales price rose by 16 percent.
In the following months, the growth fell to
single-digit growth until October, when it went
back into the teens, where it stayed for the next
several months.
In the past year, the median sales price in
Queens hit or rose above $640,000 three times,
the report said. Overall, the average price during
the pandemic in the borough was $600,000,
a 9 percent increase when compared to the year
prior.
The balance in price differed from Queens’
neighbors.
In Manhattan and the Bronx, prices fluctuated
much more throughout the first year of the pandemic,
according to the report.
Manhattan was the only borough in New York
City to see a drop in its median sales price during
the first year of the pandemic.
Nonetheless, it remained the most expensive of
the five boroughs.
Putnam Avenue
Listings selected at random. Courtesy MLS
RIDGEWOOD GLENDALE MASPETH MIDDLE VILLAGE
78th Avenue 70th Street 66th Road
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