48 DECEMBER 23, 2021 RIDGEWOOD TIMES WWW.QNS.COM
REAL ESTATE
Home-buying market ‘leveling off ’ in Queens: Report
BY ANGÉLICA ACEVEDO
AACEVEDO@SCHNEPSMEDIA.COM
@QNS
Home-buying activity has fl uctuated
during the almost two
years of the COVID-19 pandemic,
but sale prices and home stock appear
to be leveling off , according to OneKey
MLS’ new market report.
The report — which considers single-
and multi-family residential homes,
condos and co-ops — depicts the sold
property median prices in November
($685,000) remain relatively similar to
those in October ($690,000).
However, the November sold median
price has increased by 5.4% in
comparison to the same period in 2020
($650,000).
November’s median pending sales,
which is when a property goes under
contract, is again similar to the month
prior ($685,000), and the highest it’s
been since July ($701,000).
“As we look at it, it’s still a very good
market,” said Jim Speer, OneKey MLS’
CEO. “Buying activity is still very
strong.”
Median prices, though, aren’t declining.
Speer noted that’s because the
amount of inventory is going down,
with 7% less available property in
Queens than the month prior.
There’s about 4.6 months’ worth
of supply, compared to fi ve months’
worth last month and 6 the month
before. This, Speer said, contributes
to prices remaining similar in the last
few months.
Yet, the buying activity in Queens
remains hot.
Speer noted the pandemic shift ed
the housing market — when the real
estate market was totally shut down, it
caused the demand to go up. As people
went out to buy more, there was a large
year-over-year increase in prices.
“Everything was still going up until
we hit June and July, then it started
leveling off ,” Speer said. “We’re not at
pre-pandemic pricing, I don’t think we
will be, but we stopped seeing the price
increases in the middle of the year.”
While the pandemic isn’t over yet,
Speer believes the housing market
will stay where it’s at, “nice and level.”
“Historic lows in interest rates still
makes it a good buying time,” Speer
said.
Ridgewood Times Sales Guide
RIDGEWOOD GLENDALE MASPETH MIDDLE VILLAGE
Metropolitan Avenue
Listings selected at random. Courtesy MLS
Under $600,000
1671 Summerfield St. #2A
$499,000
Condo
1 bedroom, 1 bathroom
Ronny Zimin, Licensed Associate
Real Estate Broker
$600,000-$1,000,000
7446 65th St.
$865,555
Multi-Family
5 bedrooms, 3 bathrooms
Amberly Sclar, New York Realty
Minimax Inc
Over $1,000,000
55-19 Metropolitan Ave.
$1,890,000
Multi-Family
5 bedrooms, 3 1/2 bathrooms
Robert Napolitano, Capri Jet
Realty Corp
72nd Place 60th Lane 83rd Place
Under $600,000
90-50 Union Tpke. Unit 6H
$270,000
Co-op
1 bedroom, 1 bathroom
Michal Marek and Bartosz
Olszewski, Sold By Bart R E Partners
Inc
$600,000-$1,000,000
77-29 62nd St.
$825,000
Single-family
3 bedrooms, 2 bathrooms
Francesco Belviso, Capri Jet Realty
Corp
Over $1,000,000
70-26 72nd Place
$1,299,888
Multi-Family
4 bedrooms, 2 bathrooms
Richard Krug and Taleen Krug,
Coldwell Banker American Homes
Under $600,000
55-36 69th Place Unit 1R
$575,000
Condo
1 bedroom, 1 bathroom
Elzbieta Mroz, Donna Demkowicz
R E Corp
$600,000-$1,000,000
53-15 65th Place
$859,000
Multi-Family
2 bedrooms, 2 bathrooms
Vincent O Connell, RE/MAX Team
Over $1,000,000
60-70 60th Lane
$1,299,000
Multi-Family
7 bedrooms, 3 bathrooms
Daniela Calle, Success King
Realty
Under $600,000
72-31 Metropolitan Ave. Unit 2G
$538,000
Condo
2 bedrooms, 1 bathroom
Etan Hakimi, Mitra Hakimi Realty
Group LLC
$600,000-$1,000,000
65-42 80th St.
$749,000
Single-family
2 bedrooms, 1 1/2 bathrooms
Nicholas Zestanakis, Keller
Williams Rlty Landmark
Over $1,000,000
5828 83rd Place
$1,115,000
Multi-family
4 bedrooms, 2 bathrooms
Jiansong Pan, E Realty
International Corp
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