REAL ESTATE
More homes sold in Queens, but at lower prices: report
Sales in QueensHOMES COOPS CONDOS Listings and photos courtesy MLSLI
NORTHEAST NORTHWEST SOUTHEAST SOUTHWEST
LITTLE NECK WOODSIDE JAMAICA ESTATES OZONE PARK
Under $500,000
249-45 61st Ave., Little Neck
$228,000
Co-op
1 bedroom, 1 bathroom
Joanne Hantzopoulos, Keller Williams
Rlty Landmark
$500,000-$900,000
229-09A 69th Ave., Bayside
$599,000
Condo
2 bedrooms, 2 bathrooms
Joanne Goode, Lovett Realty Inc
Over $900,000
144-15 South Dr., Malba
$3,375,000
Colonial
4 bedrooms, 4 bathrooms
Elizabeth Silva, Martin Freiman, Redfi n
Real Estate
Under $500,000
46-01 39th Ave., Sunnyside
$228,888
Co-op
Studio, 1 bathroom
Elizabeth Zarate, Jonathan Amador
Zarate, Zarate Realty Group LLC
$500,000-$900,000
31-41 55th St., Woodside
$659,000
2-Story
4 bedrooms, 1 bathroom
Sherita Delgado, RE/MAX IQ
Over $900,000
35-45 86th St., Jackson Heights
$1,800,000
Tudor
5 bedrooms, 4 bathrooms
Nelson Leong,
East Coast REALTORS Inc
Under $500,000
222-89 Braddock Ave., Bellerose
$189,880
Co-op
1 bedroom, 1 bathroom
Wojciech Lewsza, Wojciech R Lewsza,
REALTOR
$500,000-$900,000
115-21 172nd St., Jamaica
$535,000
Colonial
3 bedrooms, 1 bathroom
Wendel Stuart, Signature Group Intl Inc
Over $900,000
166-07 81st Ave., Jamaica Estates
$1,725,000
Colonial
5 bedrooms, 7 bathrooms
David Yudell,
Exit Realty First Choice
Under $500,000
83-52 Talbot St., Kew Gardens
$200,000
Co-op
1 bedroom,1 bathroom
Wojciech Lewsza, Wojciech R Lewsza,
REALTOR
$500,000-$900,000
164-35 89th St., Howard Beach
$899,000
Hi-ranch
3 bedrooms, 2 bathrooms
Arlene Pacchiano, Connexion I Rl Est
Svcs Inc
Over $900,000
65-37 Dieterle Cres., Rego Park
$1,618,000
Contemporary
6 bedrooms, 5 bathrooms
Paul Hua, Exit Realty One
BY EMILY DAVENPORT
edavenport@qns.com
@QNS
A recent report found that listing
price growth throughout the borough
has slowed down compared to years
prior.
StreetEasy recently released their April
market report, which took a look at real
estate trends in Queens last month.
According to their fi ndings, Queens
saw a 2.4 percent growth in listing
prices compared to last year, reaching
$516,739. However, despite the growth
the market showed signs of slowing
from the higher rates seen since 2016.
“While many sellers are still struggling
to attract a buyer, April brought some
good news to those who have feared
a continued slide in the sales market,”
said StreetEasy Senior Economist Grant
Long. “Early signs tell us that some sellers
are fi nally pricing their homes more
realistically and fi nding buyers when
they do so. Th ose still struggling to fi nd
the right buyer should take this as a
sign to revisit their pricing expectations.
Buyers are out there, but with most of
the bargaining power in their hands,
they’re going to continue to hold out for
more reasonable prices.”
Sales inventory also saw some slow
growth in Queens. While the total inventory
rose 21.1 percent overall, it is the
slowest increase since the summer of
2018. Year-over-year, new home inventory
in Queens grew 13.4 percent during
April.
Th e report found that more Queens
homes stayed on the market for longer
periods on time in April. Homes in
Queens spent a median of 57 days on
the market — a nine-day increase from
last year.
Despite the longer periods of time on
the market, more homes went into contract
during April compared to last year—
Queens saw a 10 percent increase in
pending sales compared to April 2018.
Northwest Queens in particular had 4.1
percent more homes go into contract in
April, however compared to March 2019,
the northwest Queens submarket had 100
less pending sales in April 2019.
Th e number of listings off ering a price
cut saw a slight increase in Queens, raising
to 9.9 percent, marking a 1.3 percent
increase year-over-year. Northwest
Queens saw a decrease in the share of
price cuts — dropping down 2.6 percentage
points to 12.4 percent.
Visit streeteasy.com to read the full
report.
Photo via Getty Images
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/streeteasy.com
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