Sold - 1 bedroom Forest Hills Chateau Co-op - 09/27/10 03:53 PM

Corona 1 bedroom co-op at 58-03 Calloway St, #6P. Built in 1968. About 750 square feet. Maintenance $596 which included gas, water, heat & real estate tax.
The 6-stories building is managed by Mark Greenberg.
The location is within walking distance to Queens Center Mall, Rego Park Mall & Rego Center.
It is sold for $107,000 in August, 2010.
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Market condition in Kew Garden Hills, NY11367 - 09/26/10 06:18 AM
The inventory level is normal based on the sales for the 12-months period from September 09 to August 10, except the co-op (15 months).
If we take a look of the sales in last two-months, then the situation look a little bit more worse.
Inventory as at 09/25/10:
8 units of 2-family - median asking price $659,500 (10 months supply)*
30 units of 1-family - median asking price $597,000 (6 months supply)*
18 units of condo - median asking price $268,500 (8 months supply)*
178 units of co-op - median asking price $189,000 (15 months supply)*
*Based on the closings in the period 9/1/09 - 8/31/10.
Units … (0 comments)

August sales improved - 09/24/10 09:07 AM
Queens inventory built up a little bit and is now more than 15 months supply; median price dropped.
Units closed of all three counties were lower than last year.
....................... Inventory ...............!....... Units in contract .........................! Months Supply(note 1)
.............. Aug 2010 ....... Aug 2009 ...!... Aug 2010 ..... Jul 2010 ..... Aug 2009
Queens ..... 10321 .....,..... 9905 ......!..... 675 ............ 657 ......... 758 .........!........ 15.3
Nassau ..... 10004 .......... 9702 .......!...... 841 ........... 808 ......... 952 .........!........ 11.9
Suffolk ..... 13610 ......... 12893 ......!...... 921 ........... 880 ........ 1090 .........!........ 14.8
......................... Units closed ....................................*......... Median Price on closed properties
................ Aug 2010 ......... Aug 2009 ..... Jul 2010 ......*..... Aug 2010 ........ Aug 2009 ......... Jul 2010
Queens ....... 531 .............. 638 ............. 544............*..... … (0 comments)

Sold - 2 bedrooms in Northridge Co-op - 09/20/10 04:41 PM
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For Sale - 3 bedrooms Mainstay Co-op - 09/11/10 05:51 PM
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For Sale - 1 bedroom Mitchell Gardens Co-op - 09/10/10 05:01 PM
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For Sale - 1 bedroom Linden Towers Co-op - 09/06/10 12:00 PM
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Can Obama rescue us? - 09/04/10 08:09 AM

The graph above showed the total number of exiting home sales in Queens, Nassau & Suffolk. Usuallly the activity in Febuary is lowest in a year.
From the graph you may see:
Febuary 2008 is 47% lower than July 2007.
Febuary 2009 is 52% lower than July 2008.
Febuary 2010 is 39% lower than July 2009.
Number of sales in July 2010 is 1858, if the coming Febuary in 2011 repeat the history and let say just lower than this July by 40%, the number will be 1115.
There are over 2400 real estate offices (over 10,000 agents) in the area, … (2 comments)