REAL ESTATE
Queens rents soar to a new all-time high: report
Sales in QueensHOMES COOPS CONDOS Listings and photos courtesy MLSLI
NORTHEAST NORTHWEST SOUTHEAST SOUTHWEST
LITTLE NECK ASTORIA JAMAICA ESTATES FOREST HILLS
Under $500,000
44-69 Kissena Blvd., Flushing
$469,000
Co-op
3 bedrooms, 2 bathrooms
Albert Zeng
Winzone Realty Inc
$500,000 - $900,000
56-57 Clearview Expwy., Bayside
$805,000
Single-family
3 bedrooms, 2 bathrooms
Keri Ann Cronin
Coach REALTORS of Willistons
Over $900,000
53-16 Concord St., Little Neck
$988,000
Single-family
3 bedrooms, 1.5 bathrooms
Helen Keit
Keller Williams Rlty Landmark
Under $500,000
33-04 91st St., Jackson Heights
$250,000
Co-op
1 bedroom, 1 bathroom
Muhammad Tariq
NYC Elite Homes Inc
$500,000 - $900,000
54-17 31st Ave., Woodside
$559,000
Co-op
3 bedrooms, 1 bathroom
Lisa D’Amico
Douglas Elliman Real Estate
Over $900,000
20-38 27th St., Astoria
$1,599,000
Multi-family
5 bedrooms, 2 bathrooms
Evangelia Boudourakis
Daniel Gale Assoc Inc of E Nor
Under $500,000
84-50 169th St., Jamaica Estates
$122,999
Co-op
1 bedroom, 1 bathroom
Deborah Hooten
Douglas Elliman Real Estate
$500,000 - $900,000
140-34 158th St., Jamaica
$759,000
Multi-family
5 bedrooms, 2.5 bathrooms
Matilda Donovan
Century 21 American Homes
Over $900,000
80-19 210th St., Hollis Hills
$1,420,000
Single-family, 4 bed
rooms, 3 bathrooms
Gloria Li
Coldwell Banker Residential
Under $500,000
107-40 Queens Blvd., Forest Hills
$475,000
Co-op
1 bedroom, 1 bathroom
Stella Lu
Douglas Elliman Real Estate
$500,000 - $900,000
99-11 215th St., Queens Village
$564,900
Single-family
3 bedrooms, 2.5 bathrooms
Aaron Bates
Century 21 American Homes
Over $900,000
160-39 85th St., Howard Beach
$959,000
Single-family
5 bedrooms, 2.5 bathrooms
Dominico Pedone
Concrete Jungle NYC Realty
BY EMILY DAVENPORT
edavenport@qns.com
@QNS
A recent report found that rents and
home sales prices are continuing to rise
throughout Queens.
StreetEasy released their Queens Market
Report for the fi rst quarter of 2019.
Th e report found that rents in Queens
reached an all-time high of $2,173, marking
a 2.5 percent increase year-over-year.
Northwest Queens neighborhoods saw
the highest increase in the region, raising
2.3 percent to $2,264.
Th e report also indicated that the share
of rent cuts fell 20.6 percent in Queens,
falling 2 percentage points year-over-year.
Th e hardest area to fi nd deals on rent
were in northeast Queens neighborhoods,
where discount shares dropped to 19.2
percent year-over-year.
“We’re coming out of an unusually competitive
winter rental season in which
many renters found themselves in a weaker
negotiating position than in years past,”
said StreetEasy Senior Economist Grant
Long. “As would-be buyers opt to embrace
renting while sale prices are falling, the
competition that new grads and other
transplants entering the city’s workforce
would typically bring this time of year will
be even more pronounced. Th is spring,
landlords will have the upper hand, and
renters should be prepared to move quickly
to make sure they get a place they love.”
While home prices were on the decline
throughout the city, prices in Queens continued
to rise in the fi rst quarter. Year-overyear,
home prices in Queens increased
to $517,996, raising 3 percent overall.
Home sales inventory rose 26.1 percent
year-over-year, bringing the number
of homes for sale close to an all-time
high of 4,435. While the sales inventory
rose Queens sellers were the least likely to
cut their asking price, with 17 percent of
homes off ering a discount. However, that
number is up 5 percentage points from
last year.
Visit streeteasy.com/blog/research/market
reports/ to read the full report.
Photo via Getty Images
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