WWW.QNS.COM RIDGEWOOD TIMES AUGUST 13, 2020 25
REAL ESTATE
Median sales price continues to rise in Queens as number of sales drop
BY JACOB KAYE
JKAYE@SCHNEPSMEDIA.COM
@QNS
While Queens saw an overall drop in real estate sales in the second
quarter of 2020, the median sales price, which has been trending
upwards for months, continued to rise, according to a new report.
The median sales price in the borough hit $520,000 in the second quarter
of this year, an increase of 12.3 percent when compared to the second quarter
of 2019, according to a new report from Property Shark.
As the median sales price rises, Queens has also begun to rank in the
real estate website’s top 50 most expensive neighborhoods in New York
City list.
In the second quarter of 2020, eight Queens neighborhoods appeared
on the list, according to the report. Fresh Meadows topped the list for the
borough at No. 27, with a median sales price of $930,000.
The borough’s most affordable neighborhood was Briarwood, which had
a median sales price of $213,000 in the previous quarter, according to the
report.
Despite the rise in median sales price, sales activity in Queens dropped
precipitously in the second quarter of 2020. When compared to the second
quarter of 2019, sales activity dropped by 42 percent this year, according
to Property Shark.
The drop in sales was largest in Hollis, where there were only five sales
made in the second quarter of 2020, a drop of over 80 percent.
But the drop in sales wasn’t at all confined to Queens.
Sales in Manhattan dropped by half in the second quarter of 2020,
according to the report. Sales in Brooklyn dropped by a third.
According to Property Shark, the drop in sales and price in Manhattan
brought about a notable change. For the first time in the history of the company’s
report, Brooklyn had more neighborhoods than Manhattan on the
top 50 most expensive neighborhoods in New York City list.
Ridgewood Times Sales Guide
RIDGEWOOD GLENDALE MASPETH MIDDLE VILLAGE
Madison Street
Listings selected at random. Courtesy MLS
Under $600,000
71-05 Fresh Pond Road #A2B
$399,999
Condo
1 bedroom, 1 full bathroom
Etan Hakimi, Mitra Hakimi Realty
Group LLC
$600,000-$1,000,000
64-55 Madison St.
$838,000
Colonial
3 bedrooms, 2 full bathrooms
Nora Avalos, NY Superior Realty
Over $1,000,000
58-28 St. Felix Ave.
$1,089,000
Colonial
2 bedrooms, 1 full and 1 half
bathrooms
Talaat Elkaray, Keller Williams
Landmark II
89th Street 59th Drive 84th Street
Under $600,000
82-58 89th St.
$599,999
Colonial
2 bedrooms, 2 full bathrooms
Akshay Dudani, HomeSmart
CrossIsland
$600,000-$1,000,000
84-28 Doran Ave.
$699,000
Exp. Ranch
3 bedrooms, 1 full and 1 half
bathrooms
Alex Baron, Keller Williams Rlty
Landmark
Over $1,000,000
65-15 Myrtle Ave.
$1,050,000
Other
5 bedrooms, 2 full bathrooms
Miriam Vasquez, RE/MAX Team
Under $600,000
52-21 65th Pl. #3K
$298,000
Mid-rise Co-Op
1 bedrooms, 1 full bathroom
Nora Avalos, NY Superior Realty
$600,000-$1,000,000
60-13 59th Dr.
$718,000
Colonial
3 bedrooms, 1 full bathroom
Hui Lu, Landmark International
R E LLC
Over $1,000,000
60-37 72nd St.
$1,189,000
2 story
3 bedrooms, 2 full and 1 half
bathrooms
Andrew LaSala, Crifasi Real Estate
Inc
Under $600,000
66-70 79th St. #2D
$539,000
Condo
2 bedrooms, 2 full bathrooms
Andrea Scelisi, Century 21 Amiable
Rlty Grp II
$600,000-$1,000,000
8513 60th Ave.
$724,000
Other
3 bedrooms, 2 full bathrooms
Maria Jaramillo and Stephanie
Timm, EXP Realty
Over $1,000,000
63-43 84th St.
$1,168,000
2 story
4 bedrooms, 2 full and 1 half
bathrooms
Louis Pastorini, Coldwell Banker
Phillips
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