REAL ESTATE
Queens real estate market stayed hot in February: report
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Sales in Queens HOMES COOPS CONDOS Listings and photos courtesy MLSLI
NORTHEAST NORTHWEST SOUTHEAST SOUTHWEST
WHITESTONE WOODSIDE QUEENS VILLAGE FOREST HILLS
Under $500,000
162-40 9th Ave., Beechhurst
$340,000
Co-op
2 bedrooms, 1 bathroom
David Legaz
Keller Williams Realty Landmark
$500,000 - $900,000
22-10 169th St., Whitestone
$758,000
Single-family
3 bedrooms, 1.5 bathrooms
Irene Gringuz
Daniel Gale Associates
Over $900,000
144-21 South Road, Malba
$2,250,000
Single-family
4 bedrooms, 3.5 bathrooms
Ioannis Gloumis
Douglas Elliman Real Estate
Under $500,000
3925 51st St., Woodside
$419,000
Co-op
1 bedrooms, 1 bathroom
William Kokoris
Compass Greater NY LLC
$500,000 - $900,000
86-10 34th Ave., Jackson Heights
$639,000
Co-op
2 bedrooms, 1 bathroom
Stephan Mahabir
Exit Realty Advantage
Over $900,000
50-54 41st St., Sunnyside
$1,599,000
8 bedrooms, 4 bathrooms
Multi-family
Henry Toro
Realty Executives Today
Under $500,000
$139,999
85-15 Main St., Briarwood
Co-op
1 bedroom, 1 bathroom
Cristobal Cottes
Exit Kingdom Realty
$500,000 - $900,000
99-21 215th St., Queens Village
$578,000
Single-family
3 bedrooms, 2.5 bathrooms
Salvatore Sica
Keller Williams Realty Landmark
Over $900,000
86-55 Avon St., Jamaica Estates
$1,390,000
Townhouse
7 bedrooms, 3 full-baths, 3 half-baths
Chen Yang
LuckSky Brothers Corp
Under $500,000
98-40 64th Ave., Rego Park
$329,000
Co-op
1 bedroom, 1 bathroom
Olga Zakinova
Douglas Elliman Real Estate
$500,000 - $900,000
107-33 93rd St., Ozone Park
$579,000
Single-family
John Chiarovano
Douglas Elliman Real Estate
Over $900,000
68-40 Clyde St., Forest Hills
$1,099,000
Single-family
3 bedrooms, 2.5 bathrooms
Esther Harris
Keller Williams Realty Landmark
BY EMILY DAVENPORT
edavenport@qns.com
@QNS
A recent report found that Queens saw
some signifi cant increases not only in the
number of houses last month, but also in
home and rental prices.
StreetEasy released its February 2019
Market Report on March 21. Compared
to Manhattan and Brooklyn, which each
saw an 18.4 percent increase and 21.9
percent increase, respectively, Queens
saw the most signifi cant jump in sales
inventory with a 26.5 percent increase
year-over-year. Of the three boroughs,
homes in Queens moved off of the market
the fastest at a median of 67 days.
Brooklyn had a median of 90 days, while
Manhattan had a median of 117 days on
the market.
“With a strong economy and
home-shopping season right around
the corner, plenty of New Yorkers are
well-positioned to buy this spring.
However, many are willing to walk away
from deals that just aren’t fi nancially
attractive and continue renting instead —
creating a market poised to punish sellers
who don’t price their homes sensibly,”
said StreetEasy Senior Economist Grant
Long. “When the inevitable wave of new
inventory hits the market this spring,
interested buyers should expect to see an
uptick in price cuts as the market forces
ambitious sellers to accept reality.”
Th e Queens StreetEasy Price Index rose
to $523,592, marking a 4 percent increase
year-over-year. StreetEasy found that
while prices throughout Queens are still
increasing, growth slowed down compared
to the high levels in February 2018.
Th e share of homes with a price cut in
Queens also rose to 8.8 percent, marking
a 3.1 percent increase year-over-year.
Rents in Queens were also on the rise
in February 2019. Th e StreetEasy Queens
Rent Index reached $2,163, marking a 2.4
percent year-over-year. Northwest Queens
saw the largest increase in rents in February
2019, raising 2.3 percent to $2,254.
To read the full report, visit streeteasy.
com/blog/february-2019-market-reports/.
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