24 OCTOBER 15, 2020 RIDGEWOOD TIMES WWW.QNS.COM
REAL ESTATE
Queens home sales improve, but still down compared to 2019
BY JACOB KAYE
JKAYE@SCHNEPSMEDIA.COM
@QNS
Home sales in Queens made a
slight comeback in the third
quarter of 2020, bouncing
back from a rough spring marred by
COVID-19, according to a new report.
Sales in the third quarter of this
year increased by over 26 percent
across Queens, when compared to
the second quarter, according to the
report from real estate firm Douglas
Elliman.
But while quarter-to-quarter home
sales are up, year-to-year sales are
still down, the report said. Normally
the busiest season of the year in the
real estate market, the sales market
in Queens during the third quarter
of 2020 saw the second highest year
over year drop in the number of
sales in more than nine years. In the
third quarter, year-over-year sales
were down over 40 percent.
According to the report’s authors,
a large number of the contracts
signed during the pandemic were
signed during and shortly after New
York City was shutdown, causing a
drop in the number of contracts
signed during the third quarter.
With so few homes being sold, the
number of homes on the market hit
record highs.
In the third quarter of this year,
the listing inventory in Queens
hit its highest level in more than
seven years, with 6,232 homes on
the market. The the second quarter
of 2020, there were 4,891 homes on
the market.
Regionally, no part of the borough
saw more home sales than south
Queens. In the third quarter, there
were 620 sales, accounting for a 54
percent increase when compared
to the previous quarter. However,
like the rest of the borough, yearover
year sales were down in the
region – 980 homes were sold in the
third quarter of 2019, according to
the report.
Despite the drop in sales and the
large number of homes on the market,
the median sales price in the
borough changed very little.
While the third quarter did see
the first decline in the median sales
price in the borough in eighteen
months, the drop was “nominal” according
to the report’s authors.
In the third quarter of 2020, the
median sales price in Queens was
$650,678. In the third quarter of
Ridgewood Times Sales Guide
RIDGEWOOD GLENDALE MASPETH MIDDLE VILLAGE
Charlotte Street
Listings selected at random. Courtesy MLS
Under $600,000
71-05 Fresh Pond Road A2B
$389,999
Condo
1 bedroom, 1 full bathroom
Etan Hakimi, Mitra Hakimi Realty
Group LLC
$600,000-$1,000,000
1905 Putnam Ave. 2L
$770,000
Condo-Other
2 bedrooms, 1 full bathroom
Sylwia Anna Juras and Michal
Marek, Sold By Bart R E Partners
Inc
Over $1,000,000
21 Charlotte St.
$1,100,000
Multi-Family, Colonial
5 bedrooms, 3 full bathrooms
Ronald Ferrara, Keller Williams
Landmark II
Under $600,000
90-50 Union Tpke. #12H
$300,000
Hi-Rise Co-Op
1 bedroom, 1 full bathroom
Noreen Spezzano, East Coast REALTORS
Inc
$600,000-$1,000,000
84-28 Doran Ave.
$649,000
Exp. Ranch
3 bedrooms, 1 full and 1 half
bathrooms
Alex Baron, Keller Williams Rlty
Landmark
Over $1,000,000
79-46 78th Ave.
$1,049,000
2 Story
5 bedrooms, 3 full bathrooms
Lili Khachatourian, Century 21
American Homes
Under $600,000
5254 65 Pl. #4J
$388,888
Mid-Rise Co-Op
2 bedrooms, 1 full bathroom
Maryanna Zero, Home Hunters
Real Estate
$600,000-$1,000,000
60-74 59th Ave.
$699,000
Hi Ranch
2 bedrooms, 2 full bathrooms
Christine Sardinha and Gary Agnesini,
RE/MAX Team
Over $1,000,000
59-33 60th Lane
$1,188,000
2 Story
7 bedrooms, 3 full bathrooms
Phantom Smart, Best To Purchase
Realty LLC
Under $600,000
66-70 79th St. #2D
$525,000
Condo
2 bedrooms, 2 full bathrooms
Andrea Scelisi, Century 21 Amiable
Rlty Grp II
$600,000-$1,000,000
80-03 Cowles Ct.
$779,000
Multi-Family, Colonial
3 bedrooms, 3 full bathrooms
Ralph Ross, Signature Premier
Properties
Over $1,000,000
64-93 84th St.
$1,099,000
Tudor
Doran Avenue 59th Avenue
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