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Real Estate Agent - EMC Long Island Realty

ARCHIVED BLOG POSTS

2009 

Single family was moving well. 2-family & co-op are over-supply. Condo need over 4 years to sell at current pace. Inventory as at 10/27/09: 41 units of 2 family - median asking price $743,500 (16 months supply)* 20 units of 1 family - median asking price $579,000 (8 months supply)* 54 units of co...
10/27/2009
The inventory level is very high, over 14 months supply, condo may even need almost 4 years to sell all on the market based on the first 9 months sale figure. Median asking price is over-priced. Inventory as at 10/25/09: 36 units of 2 family - median asking price $717,500 (14 months supply)* 25 u...
10/25/2009
As per data the current inventory level on the 4 catagories are all over 1-year's supply. 2-family is over 4-years' supply. Asking price is too far from median price for 2-family & 1-family. Inventory as at 10/25/09: 34 units of 2 family - median asking price $799,000 (51 months supply)* 8 units ...
10/25/2009
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"There is a harmony in autumn, and a lustre in its sky, Which through the summer is not heard or seen, As if it could not be, as if it had not been!" -- Percy Bysshe Shelley "There comes a time when autumn asks, "What have you been doing all summer?"" -- Unknown "October. This is one of the pecu...
10/25/2009
This unit is located at 3324 Junction Blvd, Jackson Heights, NY 11372. The building is on Junction blvd between Northern Blvd & 34 Ave. It is a six stories building built in 1959. The maintenance is $541 which includes electricity, gas, water, heat and real estate tax. The unit is about 650 squa...
10/18/2009
The store located at 7101 Kissena Blvd was re-opened on Oct 13, 2009. The location is at zip code 11367 which is Kew Garden Hills, also known as Kew Gardens Hills or Flushing. This is one of my favorite stores. They sell all kind of stuff even laptop this time. Their price is very competitive. I...
10/14/2009
From the chart above it is obvious that the prices are still in a downward trend. The chart below showed the volume picking up, hit the peak last year in Queens & Nassau, surpassed the peak in Suffolk.  But price drop with higher volume is showing more pressure on sellers. Also there are so-call...
10/14/2009
The units in contract was improving comparing to last month and last year. But the median price was still falling in Queens, Nassau & Suffolk. ....................... Inventory ............*........... Units in contract ......................*....... Months Supply(1) ................. Sept 09 ......
10/10/2009
The unit is located at 33-45 94 St, Apt 3A, Jackson Heights, NY 11372 - 2 bedrooms 1.5 bath about 1000 square feet. It was sold for $184,000 in October, 2009.  The building is a 6-stories building which was built in 1959. It is located on 94 St between Northern Blvd & 34 Ave, just few blocks to ...
10/08/2009
Inventory as at 9/30/09: 16 units of 2 family - median asking price $760,000 (21 months supply)* 25 units of 1 family - median asking price $549,000 (6 months supply)* 21 units of condo - median asking price $299,000 (14 months supply)* 151 units of co-op - median asking price $189,000 (24 months...
10/01/2009
Rainmaker
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