ny: 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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ny: 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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ny: 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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ny: 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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ny: 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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ny: 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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ny: 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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ny: 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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ny: 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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ny: 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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ny: 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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ny: 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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ny: Market Condition in Flushing, NY 11355
- 04/29/09 06:41 PM
Inventory as at 04/29/09:
40 units of 2 family - median asking price $890,000
26 units of 1 family - median asking price $664,500
54 units of condo - median asking price $468,500
75 units of co-op - median asking price $239,000
Units closed in the last 3 months period from 01/01/09 to 03/31/09:
6 units of 2-family - median selling price $769,000
5 units of 1 family - median selling price $591,000
5 units of condo - median asking price $315,000
13 units of co-op - median selling price $238,000
Units closed in the same 3 months period last year … (0 comments)
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ny: Market Condition in Flushing, NY 11354
- 04/29/09 06:17 PM
Inventory as at 04/29/09:
21 units of 2-family - median asking price $899,000
32 units of 1-family - median asking price $764,000
65 units of condo - median asking price $420,000
102 units of co-op - median asking price $212,000
Units closed in the last 3 months period from 01/01/09 to 03/31/09:
No 2-family was sold.
4 units of 1-family - median selling price $621,000
3 units of condo - median asking price $333,000
11 units of co-op - median selling price $168,000
Units closed in the same 3 months period last year from 01/01/08 to 03/31/08:
7 units of 2-Family … (0 comments)
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ny: Median Prices still moving downward
- 03/15/09 01:43 AM
Median Prices in Queens, Nassau & Sufflk on closed properties was dropped more than 12% in Feb comparing to last year:
................ Feb 2009 .... Feb 2008
Queens ... $372,000 ... $425,000 (-12.47%)
Nassau ... $400,000 ... $458,800 (-12.82%)
Suffolk ... $309,500 ... $359,500 (-13.91%)
Sales improved. There is more units in contract than Jan 09:
....................... Inventory ...................... Units in contract ............. Months Supply
.................. Feb 09 ..... Feb 08 ........ Feb 09 .... Jan 09 ...... Feb 08
Queens ..... 10408 ..... 10809 .......... 555 ........ 519 .......... 565 ............. 18.8
Nassau ....... 9471 ....... 9307 ........... 614 ........ 534 … (0 comments)
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ny: Market Condition in Forest Hills, NY 11375
- 02/27/09 03:14 AM
Inventory as at 02/25/09:
6 units of 2 family - median asking price $894,000
43 units of 1 family - median asking price $795,000
40 units of condo - median asking price $465,500
293 units of co-op - median asking price $269,000
Units closed in the last 3 months period from 11/1/08 to 01/31/09:
0 units of 2 family
8 units of 1 family - median selling price $649,000
18 units of condo - median asking price $402,500
92 units of co-op - median selling price $245,250
Units closed in the same 3 months period last year from 11/1/07 to 1/31/08:
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ny: Market Condition in Rego Park, NY 11374
- 02/27/09 03:10 AM
Inventory as at 02/25/09:
8 units of 2 family - median asking price $882,000
16 units of 1 family - median asking price $619,000
30 units of condo - median asking price $377,000
138 units of co-op - median asking price $215,000
Units closed in the last 3 months period from 11/1/08 to 01/31/09:
2 units of 2 family - median selling price $780,000
4 units of 1 family - median selling price $570,000
4 units of condo - median asking price $363,000
30 units of co-op - median selling price $210,750
Units closed in the same 3 months period last … (0 comments)
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ny: Sold - 3 bedrooms in Kissena Co-op
- 02/20/09 07:46 AM
43-34 Union St - 3 bedrooms 1 bath about 1,000 square feet.
It is sold for $268,000 in Feb, 2009.
Kissena Co-op is a 6-stories building built in 1954. There are elevators, laundry room, private playground, sitting area.
The building is located on Union St between Cherry Ave and 45 Ave.
The maintenance Fee $662 includes electric, gas, water, heat and real estate tax.
It is managed by Wentworth Property Management.
… (0 comments)
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ny: Market Condition in Elmhurst, NY11373
- 02/20/09 03:33 AM
Inventory as at 02/18/09:
56 units of 2 family - median asking price $769,600
27 units of 1 family - median asking price $599,000
31 units of condo - median asking price $419,000
59 units of co-op - median asking price $205,000
Units closed in the 6 months period from 8/1/08 to 01/31/09:
20 units of 2 family - median selling price $820,000
13 units of 1 family - median selling price $542,500
3 units of condo - median asking price $395,000
38 units of co-op - median selling price $185,000
Units closed in the 6 months period from 2/1/08 to … (0 comments)
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ny: Market condition in Corona, NY11368
- 02/20/09 03:19 AM
Inventory as at 02/18/09:
212 units of 2 family - median asking price $689,500
33 units of 1 family - median asking price $499,000
95 units of condo - median asking price $369,000
43 units of co-op - median asking price $170,000
Units closed in the 6 months period from 8/1/08 to 01/31/09:
32 units of 2 family - median selling price $586,000
9 units of 1 family - median selling price $420,000
10 units of condo - median asking price $302,500
13 units of co-op - median selling price $152,500
Units closed in the 6 months period from 2/1/08 to … (0 comments)
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