kin: Sold - 1 bedroom in Centre Court Condo
- 09/11/09 03:13 AM
It is located at 35-64 89 St - 1 bedroom 1 bath about 621 square feet. Sold for $220,000 in Aug, 2009. Centre Court Condo is a 6-stories building built in 1927. The building is located on 89 St between 35 Ave & 37 Ave, just 1 block from Roosevelt Ave. The monthly common charge is350 includes water & heat. Real tax is $1895 a year. The building is managed by Pride Property Management in Englewood Cliffs, NJ.
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kin: Insider Information
- 09/10/09 01:42 AM
Many people hope they would have Insider Information so they can make money in stock. Although some information is limted to certain people, but you many get some insight by observation, no matter of your position or not even working.
A cashier will know whether the business is good, an inventory clerk will know whether the inventory is moving, a housewife can see whether there are more or less people in supermarket. These all are information that we can use to make money.
If you see no traffic on the Long Island Expressway on a regular day, it may indicate trouble - people … (1 comments)
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kin: Seasonal down trend began
- 09/09/09 04:55 PM
Bad news is there was less units sold in August than July, but the good news is the sales was better than last year. Inventory built up a little bit. Median price on closed sales was still dropping .
The sales in the past few months might be boosted by the First Time Home Buyer Credit. Some buyers might be lured to buy sooner. I am afriad the demand may be decelerated in the coming months.
While the stock market bounced almost 50% since March, I think it is time to be fearful when others are greedy.
....................... Inventory ............*........... Units in contract … (1 comments)
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kin: Sold - 2 bedrooms in Linden Towers Co-op
- 08/23/09 05:20 AM
It is located at 138-20 31st Rd - 2 bedrooms 1 bath about 1000 square feet.
Sold for $182,000 in Aug, 2009.
Linden Towers Co-op #1 is a 6-stories building built in 1953.
The building is located on 31 Road between 138 Street & 140 Street.
The monthly maintenance Fee $840 includes electric, gas, water, heat and real estate tax.
It is managed by Delkap Management in Howard Beach.
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kin: 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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kin: 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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kin: 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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kin: 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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kin: 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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kin: 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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kin: 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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kin: 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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kin: 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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kin: 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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kin: 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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kin: 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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