The median home sale price for Residential (Single/Multi-Family) Bayside Homes in March was $656,000 in March. That’s down from $685,000 last year and up from $650,000 2 year ago. This could mean that the home values are still shifting, however, the positive economic outlook should begin to stabilize those prices.
Bayside Real Estate Market Update: April 2012
The Bayside real estate market experienced a 3% decrease in March. The median home sale price overall for March was $426,000 which is down from $440,000 in 2011 and up from $400,000 2 years ago. There are currently 548 Homes for sale in Bayside. Of the current available inventory, the median list price is $299,000 and the median home sale price is $426,000. This could mean that there are a lot of Coops that are sitting on the market and not selling.
The median home sale price for Bayside Condos in March was $458,000. This is down from 466,250 in 2011 and also down from $483,000 2 years ago. Based on this information, it looks like the values of Bayside Condos may be dipping, but you would need to review a Comparative Market Analysis for your specific neighborhood to be certain.
The median home sale price for Bayside Coops in March was $200,000. That’s down from $216,000 last year also down from $217,000 2 years ago. Based on this information, it looks like Bayside Coop values are relatively stable but may still be depreciating. In any case, you would need to review a Comparative Market Analysis to get a more accurate outlook of your specific neighborhood.
All in all, the Bayside real estate market is slowly appreciating. Overall we have seen a low point of $395,000 and a high point of $459,000 in the last 2 years. So, if you’re thinking of selling your Bayside home, or if you are just curious what your home is worth, you should request a comparative market analysis for your home and see exactly where your home stands in today’s market.
For more Queens real estate market information, visit: www.abigailSELLS.com – Call:718-475-2742 – or Text: 718-968-5538
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Lic. RE Salesperson | Internet Marketing Specialist | Certified Buyer Representative
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