32 NOVEMBER 11, 2021 RIDGEWOOD TIMES WWW.QNS.COM
REAL ESTATE
This Queens nabe is of top neighborhoods for home sellers: Report
BY KAYLA WONG
EDITORIAL@QNS.COM
@QNS
Between July and September
this year, Queens, as
well as Manhattan and
Brooklyn, saw a record high
number of sale contracts
signed.
In a new report, StreatEasy
lists the 10 areas that represent
the top markets for home
sellers in New York City right
now, with the Rockaways
breaching the Brooklyndominated
list.
The Top 10 Sellers’ Markets
list reveals where home
sellers have unusually high
negotiating power. Coming
in at number eight on the list,
the Rockaways is the only one
of the top sellers’ markets not
in Brooklyn.
According to the report,
the pandemic may be a
major factor in the rise of
this Queens region. As working
from home became more
common, commute times
became less of a factor for
some New Yorkers, who can
now choose to skip the long
subway or ferry ride to Midtown
for a home offi ce right
on the beach.
Along with a 149% increase
in messages between 2019 and
2021, the Rockaways also only
saw 2.3% of homes receive
a price cut in the past six
months. The lack of price cuts
is an indicator that sellers are
pricing correctly, and buyers
are willing to pay the asking
price, or close to it.
The Rockaways was one of
the four on the list that had
a median sale to list ratio of
100% in the past six months,
meaning the average seller got
exactly what they asked for.
Given this was the median,
the report says it’s likely many
buyers are experiencing bidding
wars in these areas. This
is great news for sellers, who
might have a better chance of
fi nding a buyer willing to pay
close to, or even above, the
initial asking price, with little
room to negotiate between
listing and closing.
It also means less time on
the market overall. The median
number of days on market
is below 60 days in all 10 top
seller’s markets, compared to
72 days citywide. In the Rockaways,
homes spent a median of
58 days on the market.
This fall, buyers looking
to purchase homes in a
neighborhood on the Top
Sellers’ Market list should be
prepared for heightened competition
and should expect
to pay very close to, or even
above, the list price for homes
in these 10 neighborhoods.
But this doesn’t mean it’s all
bad for buyers. While for-sale
inventory is still coming down
from the highs seen during
the pandemic, Queens inventory
was right on par for what
is typically seen during the
July and September period.
Ridgewood Times Sales Guide
RIDGEWOOD GLENDALE MASPETH MIDDLE VILLAGE
68th Avenue
Listings selected at random. Courtesy MLS
Under $600,000
1671 Summerfield St., Unit 2A
$499,000
Condo
1 bedroom, 1 bathroom
Ronny Zimin, Bedrock LLC
$600,000-$1,000,000
6070 68th Ave.
$990,000
Multi-family
5 bedrooms, 2 bathrooms
John O Kane, O Kane Realty
Over $1,000,000
6024 Madison St.
$1,200,000
Multi-family
7 bedrooms, 3 bathrooms
Paul Wong, Oxford Property
Group
85th Street 65th Place Eliot Avenue
Under $600,000
90-60 Union Tpke., Unit 11B
$300,000
Condo
1 bedroom, 1 bathroom
Bartosz Olszewski and Michal
Marek, Bart R E Partners Inc.
$600,000-$1,000,000
7706 85th St.
$868,000
Multi-family
4 bedrooms, 3 bathrooms
David J Pastorini, Coldwell Banker
Phillips
Over $1,000,000
7846 79th Pl.
$1,189,999
Multi-family
5 bedrooms, 4 bathrooms
Astrid Corrales, Winzone Realty
Inc.
Under $600,000
41-58 71st St., Unit 4C
$3999,000
Condo
1 bedroom, 1 bathroom
Yunxia Lin, E Realty International
Corp
$600,000-$1,000,000
58-57 5th 64th St.
$798,000
Single-family
4 bedrooms, 3 bathrooms
Xin Zhang, Landmark International
R E LLC
Over $1,000,000
5323 65th Pl., Floor 2
$1,288,000
Multi-family
5 bedrooms, 3 bathrooms
Eric Vithal, Realty Executives
Today
Under $600,000
66-59 71st St.
$419,000
Condo
1 bedroom, 1 bathroom
Martin A. Dabao, Realty Executives
Today
$600,000-$1,000,000
6928 Juniper Valley Road
$799,000
Multi-family
3 bedrooms, 3 bathrooms
Victoria Bongiovi, Compass
Over $1,000,000
6927 Eliot Ave.
$1,199,000
Townhouse
4 bedrooms, 2 bathrooms
Jaroslaw Kaszuba, Exit All Season
Realty
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