agent: Housing market slowed down
- 08/13/09 06:34 AM
There were less inventory than last year. Units in contract is more than last year, but sales began losing momentum after trending up for few months.
It is still hard to tell whether the real estate market hit bottom yet. I won't say unitl this coming season's bottom (around Jan/Feb 2010) is higher than last (Feb 2009).
....................... Inventory ............*........... Units in contract ................*....... Months Supply
................. Jul 09 ...... Jul 08 ......*..... Jul 09 ..... Jun 09 ..... Jul 08
Queens ..... 10044 ...... 11510 .......*..... 827 ......... 957 .......... 765 ......*........ 12.1
Nassau ..... 10117 ...... 10877 .......*.... 1058 ........ 1081 ......... 963 ......*......... 9.6
Suffolk ..... 13097 ...... 15186 .......*.... 1144 ........ 1229 ......... 964 .......*....... 11.4
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agent: Just Listed - 1 bedroom in Southridge Co-op
- 08/01/09 04:23 AM
This co-op is located at 3324 91 Street, Jackson Heights, NY11372, on 91 Street between Northern Blvd & 34 Ave.
It is a six stories building built in 1958.
The maintenance $490 includes electricity, gas, water, heat and real estate tax.
Subway #7 is on Roosevelt Ave & 90 St, just 4 blocks away.
Asking price is $129,000.
For Virtual Tour, click here or visit our web site www.KinRealEstate.com
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agent: Just Listed - 2 bedrooms in Linden Towers Co-op
- 07/30/09 05:05 PM
This co-op is located at 2949 137 St, Flushing, NY11354, on 137 St between Whitestone Expressway & 31 Road.
It is a six stories building built in 1961.
The maintenance $580 includes electricity, gas, water, heat and real estate tax.
The location is closely to supermarkets, buses and shopping centers.
Asking price is $235,000.
For Virtual Tour, click here or visit our web site www.KinRealEstate.com
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agent: Just Listed - 1 bedroom in Linden Towers Co-op
- 07/29/09 11:17 PM
This co-op is located at 3150 140 Street, Flushing, NY11354, on 140 Street between 31 Road & 31 Drive.
It is a six stories building built in 1957. The unit is on first floor (not the ground floor).
The maintenance $670 includes electricity, gas, water, heat and real estate tax.
The location is 1 block west of Union Street, closely to supermarket, shopping.
Asking price is only $159,000.
Virtual tour is posted on our web site www.KinRealEstate.com.
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agent: Too early to tell the recession is over
- 07/29/09 02:49 AM
This chart above show the activity from Jun 07 to Jun 09 for the Long Island area including Queens, Nassau & Suffolk.
The real estate sale picked up for 4 consecutive months since it hit a low in Feb. I feel it is just the seasonal cycle; usually sale picked up in about Mar to Aug, then lagged through Sept to Feb.
The stock market went up since March too. I am afraid if the real estate sale figure will decrease for few consecutive months later this year (which is normal for yearly cycle), it will shift the sentiment in this fragile market and draped down the … (0 comments)
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agent: Market condition in Elmhurst 11373
- 07/18/09 12:39 AM
In Elmhurst there are too many new condos, at the pace of the first months of this year, it will take over 8 years to sell. It is a long road to recovery.
Inventory as at 07/17/09:
44 units of 2-family - median asking price $772,500 (19 months inventory)
23 units of 1-family - median asking price $589,000 (9 months inventory)
65 units of condo - median asking price $425,000 (8 years inventory)
74 units of co-op - median asking price $199,000 (21 months inventory)
Units closed in the first half year of 2009 - 01/01/09 to 06/30/09:
14 units of 2-family - median selleing price $700,000
16 units of … (2 comments)
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agent: Market condition in Jackson Heights 11372
- 07/17/09 11:59 PM
Inventory level is high by comparing the current number of listings with the number that was sold in the first 6 months this year. Especially 2-family houses inventory was built up all across Queens.
Inventory as at 07/17/09:
34 units of 2-family - median asking price $799,000 (51 months inventory)
9 units of 1-family - median asking price $529,100 (14 months inventory)
22 units of condo - median asking price $354,000 (44 months inventory)
173 units of co-op - median asking price $225,000 (19 months inventory)
Units closed in the first half year of 2009 - 01/01/09 to 06/30/09:
4 units of 2-family - median selleing price $442,000
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agent: Market Condition in East Elmhurst 11369 & 11370
- 07/16/09 07:18 PM
The volume of single family and 2-family improved from the same period last year. Inventory level is still high.
Inventory as at 07/16/09:
150 units of 2-family - median asking price $659,000 (2 years supplies)
79 units of 1-family - median asking price $520,000 (15 months supplies)
31 units of condo - median asking price $299,999 (5 years supplies)
20 units of co-op - median asking price $169,500 (10 years supplies)
Units closed in the first half year of 2009 - 01/01/09 to 06/30/09:
36 units of 2-family - median selleing price $512,500
31 units of 1-family - median selling price $446,000
3 units of condo - median asking price … (0 comments)
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agent: Market Condition in Corona 11368
- 07/16/09 06:48 PM
The market is extremely over-supplied. We are talking about years' supplies. 100% of single family and 35% of 2-family sold were foreclosure. Do you see any "Green Shoot"?
Inventory as at 07/16/09:
184 units of 2-family - median asking price $659,000 (3 years supplies)
38 units of 1-family - median asking price $497,000 (6 years supplies)
75 units of condo - median asking price $315,000 (18.75 years supplies)
53 units of co-op - median asking price $162,000 (3.31 years supplies)
Units closed in the first half year of 2009 - 01/01/09 to 06/30/09:
31 units of 2-family - median selleing price $460,000 (11 units were REO)
3 units of 1-family - median … (0 comments)
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agent: Market condition in Kew Garden Hills/Flushing 11367
- 07/16/09 06:16 PM
The inventory level don't look so good except single family. For co-op an average agent may need an average time of almost 3 years to sell: at this difficult time a seller should hire an experienced agent who specialized in selling co-op.
Inventory as at 07/16/09:
17 units of 2-family - median asking price $649,000 (26 months supplies)
16 units of 1-family - median asking price $554,500 (5 months supplies)
23 units of condo - median asking price $289,000 (23 months supplies)
152 units of co-op - median asking price $185,000 (35 months supplies)
Units closed in the first half year of 2009 - 01/01/09 to 06/30/09:
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agent: Market condition in Flushing 11355
- 07/16/09 01:37 AM
Based on the first six month's data, the inventory level is over 12 months. Single family and 2-family is just half the volume of same period last year. Co-op is what I specialized, the volume shrank about 33%.
Inventory as at 07/15/09:
39 units of 2-family - median asking price $888,000 (18 months supplies)
28 units of 1-family - median asking price $657,000 (12 months supplies)
52 units of condo - median asking price $471,500 (20 months supplies)
80 units of co-op - median asking price $239,000 (15 months supplies)
Units closed in the first half year of 2009 - 01/01/09 to 06/30/09:
13 units of 2-family - median … (0 comments)
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agent: Market condition in Flushing 11354
- 07/16/09 12:59 AM
Based on the first six month's data, the inventory level is very high and the median asking price is too high.
Inventory as at 07/15/09:
18 units of 2-family - median asking price $964,000 (54 months supplies, 19% above median sale price)
32 units of 1-family - median asking price $749,000 (17 months supplies, 18% above median sale price)
68 units of condo - median asking price $399,000 (51 months supplies)
112 units of co-op - median asking price $219,444 (22 months supplies)
Units closed in the first half year of 2009 - 01/01/09 to 06/30/09:
2 units of 2-family - median selleing price $810,000
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agent: Car Accident
- 07/15/09 05:09 AM
I was going to Jamaica to take some pictures on a house for a BPO order. The accident happened at the intersection of Grand Central Parkway & 164 St around 5:45 P.M.
The area is Jamaica, also know as Jamaica Estates with zip code 11432.
St John University and Queens Hospital Center are located in the area. Our office was in the neighborhood, but was moved to Flushing.
There were 40 transactions in the area in the first half of 2009 (as recorded in MLS); 9 were REO. Price ranged from $170,000 to $985,000. Median price was $505,000.
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agent: Sold - 1 bedroom in Linden Towers Co-op
- 07/10/09 06:54 AM
It is located at 29-49 137th St - 1 bedroom 1 bath about 700 square feet.
Sold for $148,000 in July, 2009.
Linden Towers Co-op is a 6-stories building built in 1961.
The building is located on 137 Street between Whitestone Expressway and 31 Road.
The monthly maintenance Fee $430 includes electric, gas, water, heat and real estate tax.
There is a management office on the premises.
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agent: June House Sale Volume increased sharply
- 07/09/09 10:37 PM
Median Price in Queens and Suffolk were still declining in double digits, but Nassau improved comparing to June last year.
Median Price on closed properties:
................ June 2009 .... June 2008
Queens ... $360,000 ... $406,500 (-11.44%)
Nassau .... $415,000 ... $452,000 (-8.19%)
Suffolk .... $330,000 ... $383,000 (-13.84%)
There were less inventory than last year. Supply dropped to below 12 first time for over a year.
....................... Inventory ............*........... Units in contract ................*....... Months Supply
................. Jun 09 ..... Jun 08 ......*... Jun 09 ..... May 09 ..... Jun 08
Queens ...... 9922 ...... 11697 .......*..... 957 ......... 772 .......... 752 ......*........ 10.4
Nassau ..... 10105 ...... 11067 .......*.... 1081 ........ 888 .......... 889 ......*......... 9.3
Suffolk … (0 comments)
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agent: Just Listed - Studio in Sherwood Village Co-op
- 06/30/09 11:57 PM
The co-op is located at 9914 59th Ave, Corona, NY 11368. It is on 59th Ave between 99th Street & Calloway St. It is a 6-stories building built in 1961. The complex have laundry room, elevator, sitting area. The unit is about 550 square feet. Monthly maintenance is $492 which includes electric, gas, water, heat and real estate tax. The location is within walking distance to Queens Center Mall & Rego Park Mall.
Click here for virtual tour.
For other listings please visit our our web site www.KinRealEstate.com
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agent: Just Listed - 1 bedroom in Roosevelt Terrace Co-op
- 06/30/09 11:34 PM
The co-op is located at 35-50 85th Street, Jackson Heights. It is on 85th St between 35th Ave & 37th Ave. It is a hi-rise concrete building built in 1955. The complex have laundry room, elevator, private playground. The unit is about 750 square feet with a balcony. Monthly maintenance is $486 which includes electric, gas, water, heat and real estate tax. The location is convenient to shopping on 37th Ave or Roosevelt Ave and subway #7.
Click here for virtual tour.
For other listings please visit our our web site www.KinRealEstate.com
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agent: Just Listed - 1 bedroom in Southridge Co-op
- 06/30/09 11:21 PM
The co-op is located at 33-45 90th Street, Jackson Heights. It is on 90th St between Northern Blvd & 34 Ave. It is a six stories building built in 1958. The complex have laundry room, elevator, private playground. The unit is about 770 square feet. Monthly maintenance is $440 which includes electric, gas, water, heat and real estate tax. The location is just three blocks to Roosevelt Ave for #7 subway.
Click here for virtual tour.
For other listings please visit our our web site www.KinRealEstate.com
… (0 comments)
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agent: Yahoo360 platform was terminated
- 06/30/09 04:29 PM
I have been using Yahoo 360 to blog since 2006.
Now the Blog in Yahoo is integrated into user's Profile. The new platform cannot attached photo, but can be linked to the place where photos are stored such as Flickr.
Now I am using ActiveRain to hold my blogs.
I blogged many times predicting the collapse of stock market and real estate market since 2006. The blogs in Yahoo 360 are stored in my Yahoo Profile.
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agent: First-Time homebuyer Credit
- 06/28/09 12:59 AM
If you are first-time homebuyer (who have not owned another principal residence at any time during the three years prior to the date of purchase), you may be qualified for the credit of $8,000 if you puchase a home before Dec. 1, 2009.
So if you are thinking about buying a co-op, you have to hurry to find one in July or August in order to close the transaction before Dec. 1 as the purchase process may take about 3 months.
If you are seller, you should put on the market now to catch those first-time homebuyers.
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There were less inventory than last year. Units in contract is more than last year, but sales began losing momentum after trending up for few months.
;)
;)
;)
