Market condition in Flushing/Kew Garden Hills 11367

By
Real Estate Agent with EMC Long Island Realty

Inventory as at 9/30/09:

16 units of 2 family - median asking price $760,000 (21 months supply)*

25 units of 1 family - median asking price $549,000 (6 months supply)*

21 units of condo - median asking price $299,000 (14 months supply)*

151 units of co-op - median asking price $189,000 (24 months supply)*

*Based on the closings in the first 8 months in 2009

Units closed in the 8 months period from 1/1/09 to 8/31/09:

6 units of 2 family - median selling price $519,000 (volume increased by 50% year over year)

31 units of 1 family - median selling price $485,000 (volume decreased by 26% year over year)

12 units of condo - median selling price $311,500 (volume decreased by 14% year over year)

49 units of co-op - median selling price $160,000 (volume decreased by 39% year over year)

Units closed in the 8 months period from 1/1/08 to 8/31/08:

4 units of 2 Family - median selling price $630,000

42 units of 1 Family - median selling price $500,000 

14 units of condo - median selling price $285,000

81 units of co-op - median selling price $174,000

Source: MLS of Long Island

Disclaimer: Data represented transactions reported to MLS only, it didn't reflect all transactions in the area

Posted by

Selling your property?

Text Kin 917-923-8838

Email: Kin@KinRealEstate.com

 

 

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