WWW.QNS.COM RIDGEWOOD TIMES OCTOBER 31, 2019 31
REAL ESTATE
Queens sees record high of homes for sale: Report
BY EMILY DAVENPORT
EDAVENPORT@QNS.COM
@QNS
A recent report found that while prices for
homes slowed down, the number of homes for sale
in Queens rapidly increased during the last three
months.
StreetEasy released their Queens Market Report
for the third quarter of 2019. According to their
fi ndings, the Queens market saw an 11.2 percent
increase in inventory, an all-time high for the borough.
Northeast Queens in particular had a 19.9
percent increase in inventory, the highest in the
whole borough.
Throughout the third quarter, Queens home
prices remained stagnant at $510,499, keeping the
overall price growth for the borough at the slowest
its been in six years. On the other hand, rental
prices in Queens saw a 3.3 percent increase this past
quarter, marking the most signifi cant price jump for
the borough since 2016.
“Most sellers are still refusing to bow to the buckling
market, causing would-be buyers to turn to the
rental market, where they are fi nding a lot to like,”
StreetEasy Senior Economist Grant Long said. “Until
sellers recognize that prices are not what they once
were, those with the means to buy will continue to
play the waiting game from the comfort of their
rental. With job growth in the city continuing to
support demand for homes, we expect to see an
unusually competitive winter in the rental market,
including likely record rates of rent growth.”
The report also found that 19.3 percent of homes
on the market offered a price cut, remaining
unchanged year-over-year. Those homes that did
off er a discount made a median of 4.3 percent cut
to their asking prices, which was also the case this
time last year.
To read the full report, visit streeteasy.com/blog/
q3-2019-market-reports.
Ridgewood Times Sales Guide
RIDGEWOOD GLENDALE MASPETH MIDDLE VILLAGE
Willoughby Avenue
Listings selected at random. Courtesy MLS
Under $600,000
6120 71st Ave.
$530,000
Condo
1 bedroom, 2 bathrooms
Sylwia Anna Juras
Prime America Real Estate Inc
$600,000-$1,000,000
53-02 Metropolitan Ave.
$899,000
Two-story
3 bedrooms, 2 bathrooms
Joseph Crifasi
Crifasi Real Estate Inc.
Over $1,000,000
18-56 Willoughby Ave.
$1,149,000
Two-family two-story
4 bedrooms, 3 bathrooms
Marek Sobolewski
Trademarko Realty Inc.
71st Place 62nd Street 84th Place
Under $600,000
8 Valentine Place
$589,900
Other
2 bedrooms, 1 bathroom
Wioletta Bednarczuk
Exit All Seasons Realty
$600,000-$1,000,000
71-63 71st Place
$859,000
Two-family townhouse
5 bedrooms, 2 bathrooms
Donna Demkowicz
Donna Demkowicz R E Corp.
Over $1,000,000
83-20 77th Avenue
$1,049,000
Two-family tudor
4 bedrooms, 3 bathrooms
Cody Macaluso, Gaetano Sieligowski
Macaluso Realty
Under $600,000
52-54 65th Place Unit 1H
$325,000
Co-op
2 bedrooms, 1 bathroom
Christine Arato, Catherine Botero
O Kane Realty
$600,000-$1,000,000
52-54 62nd Street
$888,000
Tudor
3 bedrooms, 3 bathrooms
Marisela DePew
Laff ey Real Estate
Over $1,000,000
59-38 58 Road
$1,250,000
Two-family colonial
7 bedrooms, 3 bathrooms
Dar Hakoon
Top Homes Realty Inc.
Under $600,000
61-88 Dry Harbor Road, UNIT 5c
$379,000
Co-op
2 bedrooms, 1 bathroom
Thomas Vastola
Eliot Hill Realty Inc.
$600,000-$1,000,000
76-22 57th Road
$749,000
Contemporary
2 bedrooms, 1 bathroom
Sandra Zytko
O Kane Realty
Over $1,000,000
64-44 84th Place
$1,098,000
Two-family two-story
4 bedrooms, 2 bathrooms
Louis Pastorini
Coldwell Banker Phillips
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