queens: Market Condition in Jackson Heights
- 10/16/11 04:47 AM
There are a lot of co-op listings in Jackson Heights, at the pace in the last quarter, it will take over 18 months to sell it all. Inventory as at 10/15/2011 : 45 units of 2-family - median asking price $709,999 (13.5 months supply)* 40 units of 1-family - median asking price $543,500 (10.9 months supply)* 30 units of condo - median asking price $302,000 (11.3 months supply)* 272 units of co-op - median asking price $195,000 (18.5 months supply)* *Based on the closings in the third quarter 2011. Units closed in the third quarter 2011: 10 units of 2-family - median selling price $559,000 11 units (0 comments)
queens: Activities slowed down in September 2011
- 10/16/11 04:26 AM
Activities slowed down in September, pushing the Inventory Supply to over 17 months in Queens. Price didn't change much comparing to last year. ....................... Inventory .............*............... Units in contract ...................*....... Months Supply(note 1) .............. Sep 2011 .... Sep 2010 ...*... Sep 2011... Aug 2011 ... Sep 2010 Queens ....... 9895 ........ 10320 ........*...... 571 ........... 722 .............. 662 ........*........ 17.3 (13.9 in Aug 11) Nassau ....... 9826 .......... 9891 ........*...... 698 ........... 865 .............. 699 ........*........ 14.1 (11.8 in Aug 11) Suffolk ..... 13029 ........ 13452 .........*...... 801 ........... 921 .............. 849 ........*........ 16.3 (14.6 in Aug 11)
..................... Units closed .................................................. Median Price on closed properties ................ Sep 2011... Aug 2011 ... Sep 2010...................... Sep 2011... (1 comments)