kin tsui: Sales volume was shrinking - 11/09/10 08:03 AM
Sales volume continued the decline, comparing to August this year and September last year.
....................... Inventory ..............!....... Units in contract .........................! Months Supply(note 1)
.............. Sep 10 ....... Sep 09 .......!... Sep 10 ..... Aug 10 ..... Sep 09
Queens ... 10320 ......... 9800 ......!...... 662 .......... 675 ......... 864 .........!........ 15.6
Nassau ...... 9891 ........ 9516 ......!...... 699 .......... 841 ........ 1005 .........!....... 14.2
Suffolk .... 13452 ....... 12822 ......!..... 849 .......... 921 ........ 1112 .........!........ 15.8
......................... Units closed ..........................*......... Median Price on closed properties
................ Sep 10 ......... Sep 09 ..... Aug 10 ......*....... Sep 10 ........... Sep 09 ........... Aug 10
Queens ....... 587 ............ 618 .......... 531........*..... $350,000 ........ $341,500 ....... $343,000
Nassau ........ 749 ............ 845 .......... 778 .......*..... $410,000 ....... $405,000 ....... $445,000
Suffolk … (1 comments)

kin tsui: For Sale - 1 bedroom Southridge Co-op - 11/03/10 07:30 AM
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kin tsui: Sold - 1 bedroom Southridge Co-op - 10/06/10 12:29 PM
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kin tsui: Sold - 1 bedroom Forest Hills Chateau Co-op - 09/27/10 08:53 AM

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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kin tsui: Market condition in Kew Garden Hills, NY11367 - 09/25/10 11:18 PM
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)

kin tsui: August sales improved - 09/24/10 02:07 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)

kin tsui: Sold - 2 bedrooms in Northridge Co-op - 09/20/10 09:41 AM
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kin tsui: For Sale - 3 bedrooms Mainstay Co-op - 09/11/10 10:51 AM
(1 comments)

kin tsui: For Sale - 1 bedroom Mitchell Gardens Co-op - 09/10/10 10:01 AM
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kin tsui: For Sale - 1 bedroom Linden Towers Co-op - 09/06/10 05:00 AM
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kin tsui: Can Obama rescue us? - 09/04/10 01:09 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)

kin tsui: For Sale - 1 bedroom Georgetown Mews Co-op - 08/30/10 02:58 PM
(1 comments)

kin tsui: July sales volume dropped more than 50% from June - 08/22/10 03:28 PM
Inventory built up to over 12 months in the Long Island area. Queens was over 15 months.
July sales volume dropped 47% in Queens, 54% in Nassau & 56% in Suffolk from June.
The National Association of Realtors will release the Existing Home Sales on 8/24/10 Tuesday; let see how our area doing compare with the country.
....................... Inventory ..............*........... Units in contract .............*....... Months Supply(note 1)
................. Jul 10 ....... Jul 09 .......*..... Jul 10 ..... Jun 10 ..... Jul 09
Queens .... 10193 ....... 10004 .......*...... 657 ........ 671 ......... 827 .......*........ 15.5
Nassau ..... 10047 ....... 10117 .......*...... 808 ........ 860 ....... 1058 .......*........ 12.4
Suffolk ..... 13537 ....... 13097 .......*...... 880 ........ 824 ....... 1144 .......*........ 15.4
(2 comments)

kin tsui: Sold - 1 bedroom Southridge Co-op - 07/25/10 03:25 AM
(4 comments)

kin tsui: Sold - 2 bedrooms Mainstay Co-op - 07/17/10 09:17 PM
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kin tsui: Sold - 2 bedrooms Southridge Co-op - 07/16/10 04:39 PM
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kin tsui: For Sale - 1 bedroom Southridge Co-op - 07/14/10 12:28 AM
(1 comments)

kin tsui: For Sale - 3 bedrooms 1.5 bath Southridge Co-op - 07/10/10 04:19 PM
(2 comments)

kin tsui: Sold - 1 bedroom Layton Street Owners' Co-op - 07/08/10 10:01 PM
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kin tsui: Sold - 1 bedroom Linden Towers Co-op - 06/29/10 02:03 AM
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Kin Tsui

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