FOR BREAKING NEWS VISIT WWW.QNS.COM JULY 26, 2018 • LIVING IN FLUSHING • THE QUEENS COURIER 37
Photos by Suzanne Monteverdi/QNS
Living in Flushing
Flushing real estate prices rising as
neighborhood ‘has become as destination’
BY SUZANNE MONTEVERDI
smonteverdi@qns.com / @smont76
Residential real estate prices continue
to climb in the northeast Queens neighborhood
of Flushing, according to Donna
Reardon, branch manager at Douglas
Elliman Real Estate’s Bayside offi ce.
“I think there’s a demand all over
Queens right now, but there is a huge
demand in Flushing,” Reardon said. “I
think its proximity to Manhattan, its
transportation options and its restaurants
make it a place that’s a destination.
Flushing has become a destination.”
In Flushing, home prices have steadily
risen while inventory has seen a decrease
in recent years, the real estate professional
noted.
“We’re seeing that, when a listing comes
in and its priced right in Flushing, its sold,
with multiple off ers,” Reardon said.
A recent report from real estate website
PropertyShark mirror these fi ndings.
Th ree sub-neighborhoods of Flushing —
Queensboro Hill, Auburndale and East
Flushing — made the list of New York
City’s top 50 most expensive neighborhoods
in the fi rst quarter of 2018.
Flushing was also fl agged as the
city’s No. 1 seller’s market for 2018 in
StreetEasy’s Trends & Data report, published
on March 8.
Numbers being recorded for the neighborhood
today are a far cry from numbers
posted during the 2008 housing bubble,
Reardon said.
“Ten years ago, in ’08, prices were dropping,”
she said. “Inventory was coming
out like crazy and prices were dropping,
but that has turned around. All of Queens
in ’08, across the board, was dropping in
prices and in listings.”
Th e Queens market as a whole also continues
to see rising home closing prices.
Th e second quarter of 2018 was the ninth
consecutive quarter with a year-over-year
rise in prices along with new records set,
according to Douglas Elliman data.
For Flushing, the future is bright,
Reardon said.
“Flushing has so much to off er,” she
said. “You’re near baseball stadiums, the
tennis stadiums, great parks, dining and
restaurants, shopping; I think that it off ers
everything that somebody would want.
Th ey can have everything at their fi ngertips.”
Homes in the Auburndale section of Flushing
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