December 2012 Market Update While the Queens housing market is improving, there are still signs that indicate we are not yet experiencing a full-force recovery. Credit standards are still tight. There are thousands of homeowners in some stage of foreclosure or default, while thousands of others still owe more than their homes are worth. As long as the economy […]
September 2012 Market Update Sales of existing Queens homes have continued to improve in 2012. As a matter of fact, July and August had the most home sales of the entire year. I believe that affordability conditions are very good for the Queens housing market. Mortgage interest rates have been at record lows this […]
June 2012 Forest Hills Real Estate Market Update Home Sales… Total Number of Homes Sold: 48 – Up from 44 home sales in May 2011. Residential Homes Sold: 11 Condo Homes Sold: 3 Co-Op Homes Sold: 34 Home Prices… Median Sale Price: $307,000 – Down 5.8% from $326,000 in May 2011 Residential Median Sale Price: $638,888 Condo Median Sale Price: $448,000 Co-Op Median Sale Price: $248,500 Pending Sales or Under Contracts… […]
Bayside Market Update: March 2012 The Bayside real estate market experienced a 2% increase in February. Compared to this time last year, Median home sale prices of all property types increased from $442,500 to $450,000. Over the last 2 years the Bayside Market has seen a low of $399,000 (May 2010) and a high of $462,000 (November 2011). 2 years ago the median home sale price in Bayside was $410,000 […]
Astoria Market Update: March 2012 The Astoria real estate market experienced a 16% increase in February. Compared to this time last year, Median home sale prices of all property types have increased from $480,000 to $555,540. Residential median home sale prices increased from $662,500 to $697,500 Condo median home sale prices decreased from $380,000 to $345,000 Co-Op median homes sale prices increased from $235,000 to $262,000 What this means for prospective Astoria Home […]
Interest rates are at favorable levels and a good selection of homes provide an opportunity for Queens home buyers. Here are a few things for Queens home buyers to keep in mind: 1. Know what you can afford before you fall in love with your dream home. 2. Consider additional expenses that come with owning […]
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