Market condition in Elmhurst, NY11373

By
Real Estate Agent with EMC Long Island Realty

Sales of co-op & condo both increased comparing to 2009, inventory is still over a year's supply.

Inventory as at 05/03/10:

44 units of 2-family - median asking price $769,000 (22 months supply)*

17 units of 1-family - median asking price $578,000 (12 months supply)*

62 units of condo - median asking price $404,000 (15 months supply)*

74 units of co-op - median asking price $199,000 (18 months supply)*

*Based on the closings in the first quarter 2010.

Units closed in the first quarter 2010:

6 units of 2-family - median selling price $676,500

4 units of 1 family - median selling price $565,000

12 units of condo - median selling price $392,500

12 units of co-op - median selling price $175,000

Units closed in the first quarter 2009:

6 units of 2-family - median selling price $865,000

6 units of 1-family - median selling price $460,000

1 unit of condo - median selling price $195,000

9 units of co-op - median selling price $192,000

Source: MLS of Long Island

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

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Selling your property?

Text Kin 917-923-8838

Email: Kin@KinRealEstate.com

 

 

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