| June 2009 - Condos & Co-Ops | Astoria | Flushing | Forest Hills | Long Island City | Sunnyside | Woodside | Queens |
| Studio Condos & Co-Ops | |||||||
| Number Of Sales | 2 | 1 | 3 | - | - | - | 18 |
| Average Sale Price | $200,000 | $190,000 | $123,333 | - | - | - | $134,050 |
| Average Days On Market | 167 | 136 | 131 | - | - | - | 117 |
| Active Listings | 4 | 32 | 36 | 9 | 1 | 7 | 199 |
| New Listings | - | 12 | 7 | - | 1 | - | 54 |
| Months Of Available Inventory | 2 | 32 | 12 | 9 | 1 | 7 | 11 |
| One Bedroom Condos & Co-Ops | |||||||
| Number Of Sales | 5 | 18 | 11 | - | 1 | 1 | 178 |
| Average Sale Price | $262,000 | $629,272 | $209,591 | - | $158,000 | $170,000 | $199,888 |
| Average Days On Market | 131 | 89 | 131 | - | 133 | 153 | 120 |
| Active Listings | 125 | 141 | 174 | 43 | 25 | 30 | 1492 |
| New Listings | 2 | 36 | 44 | - | 4 | 7 | 310 |
| Months Of Available Inventory | 25 | 8 | 16 | 43 | 25 | 30 | 19 |
| Two Bedroom Condos & Co-Ops | |||||||
| Number Of Sales | 1 | 9 | 11 | 1 | - | - | 74 |
| Average Sale Price | $330,000 | $276,667 | $363,273 | $260,000 | - | - | $278,887 |
| Average Days On Market | 123 | 54 | 51 | 71 | - | - | 105 |
| Active Listings | 45 | 171 | 154 | 39 | 2 | 35 | 1456 |
| New Listings | 11 | 33 | 32 | 1 | 1 | 3 | 280 |
| Months Of Available Inventory | 45 | 19 | 14 | 39 | 2 | 35 | 20 |
| Three (+) Bedroom Condo's & Co-Ops | |||||||
| Number of Sales | - | 3 | 1 | - | - | - | 12 |
| Average Sale Price | - | $498,333 | $379,000 | - | - | - | $530,167 |
| Average Days On Market | - | 91 | 41 | - | - | - | 133 |
| Active Listings | 7 | 26 | 18 | 8 | - | 5 | 376 |
| New Listings | 3 | 8 | 6 | - | - | 3 | 75 |
| Months Of Available Inventory | 7 | 9 | 18 | 8 | - | 5 | 31 |
| Total Condos & Co-Ops | |||||||
| Number Of Sales | 9 | 32 | 26 | 1 | 1 | 1 | 185 |
| Average Sale Price | $255,000 | $266,932 | $271,173 | $260,000 | $158,000 | $170,000 | $247,188 |
| Average Days On Market | 139 | 80 | 94 | 71 | 133 | 153 | 114 |
| Active Listings | 181 | 370 | 382 | 99 | 28 | 77 | 3,523 |
| New Listings | 16 | 89 | 89 | 1 | 6 | 13 | 719 |
| Months Of Available Inventory | 20 | 12 | 15 | 99 | 28 | 77 | 19 |
*All Statistics Retrieved From the Multiple Listing Service of Long Island (MLSLI)*
Recommendation:
If you’re buying a home, it is important that you work closely with a highly-motivated agent who understands what’s going on with the real estate market and local economy. He/She will be able to advise you on how to get the most for your money and what homes you may want to avoid, as there are homes on the market that are not priced at their fair market value.
If you’re selling your home, it’s also important that you work closely with a highly-motivated agent who understands what’s going on with the market and local economy. Your goal is to net top dollar – which you may not achieve if you over price or under price your home.
Contact us today for a free consultation on whether it’s a good time to buy or sell and what factors to consider so that you don’t under price or over price your home. Please don’t hesitate – even if all you have is a question.
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