June 2009 Market Report For Queens County, NY: Single & Multi-Family Homes

By
Real Estate Agent with Keller Williams Landmark

Local Market Statistics


June 2009 - Residential Homes Astoria Flushing Forest Hills Long Island City Sunnyside Woodside Queens
Single Family Homes
Number Of Sales - 20 6 - 1 3 201
Average Sale Price - $580,800 $794,000 - $550,000 $388,667 $465,129
Average Days On Market - 93 144 - 121 64 101
Active Listings 16 145 37 7 3 18 2657
New Listings 2 52 7 1 1 4 602
Months Of Available Inventory 16 7 1 7 3 1 13
Two Family Homes
Number Of Sales 6 7 - 1 - 1 122
Average Sale Price $735,333 $643,000 - $525,000 - $760,000 $487,942
Average Days On Market 60 68 - 112 - 398 100
Active Listings 28 100 6 8 2 34 2834
New Listings 6 31 4 1 - 6 490
Months Of Available Inventory 5 14 6 8 2 34 23
Three or More Family Homes
Number Of Sales 1 1 - - - - 19
Average Sale Price $750,000 $510,000 - - - - $652,211
Average Days On Market 51 27 - - - - 130
Active Listings 12 19 1 9 1 13 733
New Listings 6 9 - 1 - 1 129
Months of Available Inventory 12 19 1 9 1 13 39
Total Residential Homes
Number Of Sales 7 27 6 2 1 4 343
Average Sale Price $737,429 $596,925 $794,000 $517,500 $550,000 $481,500 $483,102
Average Days On Market 58 87 144 70 121 58 101
Active Listings 56 264 44 24 6 65 6,224
New Listings 14 92 11 3 1 11 1,221
Months Of Available Inventory 8 10 7 12 6 16 18

*All Statistics Retrieved From the Multiple Listing Service of Long Island (MLSLI)*
 

Keller Williams Realty Landmark closed 44 units with an average price of $389,536 and an average of 91 DOM.

Recommendation:

If you’re buying a home, it is important that you work closely with a highly-motivated agent who understands what’s going on with the real estate market and local economy. He/She will be able to advise you on how to get the most for your money and what homes you may want to avoid, as there are homes on the market that are not priced at their fair market value.

If you’re selling your home, it’s also important that you work closely with a highly-motivated agent who understands what’s going on with the market and local economy. Your goal is to net top dollar – which you may not achieve if you over price or under price your home.

Contact us today for a free consultation on whether it’s a good time to buy or sell and what factors to consider so that you don’t under price or over price your home. Please don’t hesitate – even if all you have is a question.

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