Queens’ Weekend Update: March 30th – April 1st

Weekend Events in Queens – March 30 – April 1

(Courtesy of Abigail Herrera with Keller Williams Realty Landmark).

Friday

Saturday

Sunday

Source: About.com

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Weekend Update: March 16th – 18th…

Weekend Events in Queens – March 16-18

Friday

Saturday

Sunday

Source: http://www.About.com

This Month in Great Neck Real Estate: March 2012

Great Neck Real Estate Market Update: March 2012
The Great Neck real estate market experienced a 2.5% year-over-year increase in February. Compared to this time last year, Median home sale prices of all property types increased from $570,500 to $585,000.
      
  • Residential median home sale prices increased from $843,250 to $870,000
  • Condo median home sale prices increased from $432,500 to $475,000
  • Co-Op median homes sale prices decreased from $260,000 to $232,500
What this means for potential Great Neck Home Buyers?
If you’re looking to buy a Residential (single/multi-family) home in Great Neck, you may have missed the rock bottom prices but the home values seem to be relatively stable so you can still get a good deal out there when you factor in the historically low interest rates. 

If you’re looking to buy a Condo in Great Neck, you also may have missed the rock bottom prices because their has been a significant increase over the last 12 months, however, the interest rates are still very low and that makes it a GREAT time to buy no matter what!

If you’re looking to buy a Co-Op in Great Neck, now is a PERFECT time! The rates are low and Coop prices are lower than they were last year, and even 2 years ago. My advice is to get pre-approved and start your house hunt before the prices start going up. 

What this means for Great Neck Home Sellers?

If you are a Great Neck Residential (Single/Multi-Family) home owner, you may be in a better position than you were this time last year. Therefore, you should request & review a Comparative Market Analysis to see exactly what your home is worth and where it stands in today’s market. If your home is worth a good deal more, it may be a good time to sell because prices are expected to remain pretty stable throughout 2012.

If you are a Great Neck Condo owner, you also may be in a better place than you were this time last year but again, you should request and review a Comparative Market Analysis to find how exactly how much your home is worth now.
If you are a Great Neck Co-Op owner, you are on the other end of the spectrum because your home may have decreased in value. In any case, it is very important that you also request & review a Comparative Market Analysis to find out what your home is worth. Keep in mind, that you also have the amazing opportunity to get a GREAT deal on your next home considering the housing affordability and historically low interest rates!

Regardless of your situation, you may have experienced an increase/decrease in your home’s value. So, it is important that you review a Comparative Market Analysis regularly to see what your home is worth on a month-to-month basis. 

For more Great Neck real estate market information,
visit: www.abigailSELLS.com – Call:718-475-2742 – or Text: 718-968-5538
This blog brought to you by Abigail Herrera

Lic. RE Salesperson | Internet Marketing Specialist | Certified Buyer Representative
your friend. your neighbor. your Realtor.

This Month in Fresh Meadows Real Estate: March 2012


Fresh Meadows Real Estate Market Update: March 2012
The Fresh Meadows real estate market experienced a 1.2% decrease in February. Median home sale prices, of all property types, decreased from $580,250 (February 2011) to $573,250 (February 2012). In the last 24 months the Fresh Meadows Real Estate market has seen a bottom point of $565,000 (Jan. 2012) and a peak of $597,500 (Jan. 2011). 2 years ago, the median home sale price was $570,000 which means that we are at just about the same place as we were in 2010.
      
  • Residential median home sale prices decreased from $627,000 to $605,000
  • Condo median home sale prices increased from $372,500 to $384,000
  • Co-Op median homes sale prices increased from $152,500 to $155,000
What this means for potential Fresh Meadows Home Buyers?
If you’re looking to buy a Residential (single/multi-family) home in Fresh Meadows, it is a good time to jump in. There was a significant decrease in median home sale price so you should find out what homes are selling for and start your house-hunt. Prices are relatively stable and will likely remain that way throughout 2012 so take advantage of the low rates and buy that dream home!

If you’re looking to buy a Condo in Fresh Meadows, they may have increased in value, therefore, make sure that you are keeping up with the local trends to make sure that you don’t end up overpaying.

If you’re looking to buy a Co-Op in Fresh Meadows, they may have seen a slight increase in value but nothing to get worried about. Coops seem to be remaining pretty stable and I expect that continue throughout 2012. Coops are very affordable right now, just remember that most coops require 20% down payment so if you don’t have the capital, you may need to go the Condo route.

What this means for Fresh Meadows Home Sellers?

If you are a Fresh Meadows Residential (Single/Multi-Family) home owner, you should request and review a Comparative Market Analysis to see what is going on in your neighborhood because the decrease in median home sale price was pretty significant.

If you are a Fresh Meadows Condo owner, your home’s value probably did not change dramatically but you do still have the GREAT opportunity to buy something bigger and better! The interest rates are still low and home values are stable so a strategic sales plan coupled with a smart buy will help you maximize value.
If you are a Fresh Meadows Co-Op owner, you are more than likely in the same boat as a Condo home owner. My advice is to request and review a Comparative Market Analysis to see exactly where your home stands on the market and stay current with the local trends. Keep in mind that these housing affordability conditions will not last forever so don’t just look at your home’s value when deciding when you should sell.
Regardless of your situation, you may have experienced an increase/decrease in your home’s value. So, it is important that you review a Comparitive Market Analysis regularly to see what your home is worth on a month-to-month basis. 
For more Fresh Meadows real estate market information, visit: www.abigailSELLS.com – Call:718-475-2742 – or Text: 718-968-5538
This blog brought to you by Abigail Herrera


Lic. RE Salesperson | Internet Marketing Specialist | Certified Buyer Representative
your friend. your neighbor. your Realtor.

This Month in Forest Hills Real Estate: March 2012

Forest Hills Market Update: March 2012
The Forest Hills real estate market experienced a 2% increase in February. Compared to this time last year, Median home sale prices of all property types increased from $255,000 to $260,000. 2 years ago the Median home sale price was $270,000. This means that the market has remained fairly stable and I would expect it to remain this way throughout 2012. 

      

  • Residential median home sale prices decreased from $687,000 to $678,000 
  • Condo median home sale prices increased from $393,000 to $512,895 
  • Co-Op median homes sale prices decreased from $232,000 to $228,250
What this means for Forest Hills Home Buyers? 
If you’re looking to buy a Residential (single/multi-family) home in Forest Hills, there is not much difference in the home values but it is still a good time to buy considering that the interest rates are still at historic lows.

If you’re looking to buy a Condo in Forest Hills, the median home sale price increased significantly so you may need to see what homes are selling for to see if now is the right time to buy one.

If you’re looking to buy a Co-Op in Forest Hills, it is still a good time because of the low interest rates, however, the home sale prices have remained relatively stable and I expect that they will throughout this year as well. 

What this means for Forest Hills Home Sellers?

If you are a Forest Hills Residential (Single/Multi-Family) home owner, you probably haven’t seen a significant change in your home’s value and I expect that you won’t see a dramatic change this year. If you are waiting for your home’s value to increase, it may take a while. The good news is that housing affordability is so low that there are GREAT opportunities out there even if you don’t have as much equity as you would like.

If you are a Forest Hills Condo owner, you should DEFINITELY review a Comparative Market Analysis because you may have seen a significant increase in your home’s value. This may be the perfect time to sell your Condo and invest and(or) buy more real estate!
If you are a Forest Hills Co-Op owner, the home values have remained relatively stable and should throughout 2012. If you are waiting for the value to increase dramatically, you can expect to wait for a while. The good news is that with a strategic sales plan and a smart buy, you can maximize your home sale.
Regardless of your situation, you may have experienced an increase/decrease in your home’s value. So, it is important that you review a Comparative Market Analysis regularly to see what your home is worth on a month-to-month basis. 
For more Forest Hills real estate market information, visit: www.abigailSELLS.com – Call:718-475-2742 – or Text: 718-968-5538
This blog brought to you by Abigail Herrera with Keller Williams Realty Landmark.
Lic. RE Salesperson | Internet Marketing Specialist | Certified Buyer Representative
your friend. your neighbor. your Realtor.

This Month in Bayside Real Estate: March 2012

Bayside Market Update: March 2012
The Bayside real estate market experienced a 2% increase in February. Compared to this time last year, Median home sale prices of all property types increased from $442,500 to $450,000. Over the last 2 years the Bayside Market has seen a low of $399,000 (May 2010) and a high of $462,000 (November 2011). 2 years ago the median home sale price in Bayside was $410,000 which is $40,000 less than last month, so it looks like the values are slowly appreciating.
  • Residential median home sale prices decreased from $686,500 to $660,000
  • Condo median home sale prices decreased from $473,500 to $465,000
  • Co-Op median homes sale prices decreased from $220,000 to $200,000
What this means for prospective Bayside Home Buyers?
If you’re looking to buy a Residential (single/multi-family) home or Condo in Bayside, it is still a good time to buy. Prices are relatively stable and rates are still at historic lows so you still have a wonderful opportunity to buy a home or Condo in Bayside.

If you’re looking to buy a Co-Op in Bayside, you may be able to get a GREAT deal! Bayside Coops saw the largest decline in median home sale prices so you may want to get out there, view some homes, and see what you can get… You may be pleasantly surprised!  

What this means for Bayside Home Sellers?

If you are a Bayside Residential (Single/Multi-Family) home or Condo owner, your home may not have changed in value much this year over last. The good news is that you have a great opportunity to move up because interest rates are still low and housing affordability is as well. Prices are expected to remain relatively stable so if you are waiting for your home’s value to go up, you may be waiting through 2012.

 

If you are a Bayside Co-Op owner, your home’s value may have declined significantly. So, I recommend that you receive a free Comparative Market Analysis in order to see where you home actually stands and to make sure that you sell before your value declines too much more.

Regardless of your situation, you may have experienced an increase/decrease in your home’s value. So, it is important that you review a Comparative Market Analysis and stay current with local Bayside real estate market trends regularly to see what your home is worth on a month-to-month basis. 
For more Bayside real estate market information, visit: www.abigailSELLS.com
Call:718-475-2742 – or Text: 718-968-5538
This blog brought to you by Abigail Herrera with Keller Williams Realty Landmark.
Lic. RE Salesperson | Internet Marketing Specialist | Certified Buyer Representative
your friend. your neighbor. your Realtor.

This Month in Astoria Real Estate: March 2012

Astoria Market Update: March 2012
The Astoria real estate market experienced a 16% increase in February. Compared to this time last year, Median home sale prices of all property types have increased from $480,000 to $555,540.

  

  • Residential median home sale prices increased from $662,500 to $697,500
  • Condo median home sale prices decreased from $380,000 to $345,000
  • Co-Op median homes sale prices increased from $235,000 to $262,000
What this means for prospective Astoria Home Buyers?
If you’re looking to buy a Residential (single/multi-family) home in Astoria, you should probably get a move on. The rates are still low and should remain there throughout 2012, however, the residential Astoria home values seem to be rising so if you wait too long, you may end up paying much more on the sale price as well as over the life of the loan.
If you’re looking to buy a Condo in Astoria, now is a GREAT time to do so! The median sale price has decreased by $35K from this time last year so now would be a GREAT time to seize that opportunity. After all, it should not be that long before value of that condo begins to appreciate.  
If you’re looking to buy a Co-Op in Astoria, you may need to hurry up, start looking, and place an offer because if the home sale prices continue to increase, you may find yourself in the same boat as a potential residential home buyer.
What this means for Astoria Home Sellers?

If you are an Astoria Residential (Single/Multi-Family) home owner, you may be in a GREAT position to sell your home at a nice price, and take advantage of these great rates on your next home.

If you are an Astoria Condo owner, your home may have decreased in value from this time last year but you should review a Comparative Market Analysis to see exactly where your home stand in today’s local market.
If you are an Astoria Co-Op owner, you also may be in a GREAT position to sell your home because the values have increased in comparison to this time last year. The appreciation, in comparison to the low rates and affordable home prices in other neighborhoods however, make for a good opportunity to move up and get a great deal!
Regardless of your situation, you may have experienced an increase in your home’s value. So, it is important that you review a Comparitive Market Analysis and stay current with local Astoria real estate market trendsregularly to see what your home is worth on a month-to-month basis. 
For more Astoria real estate market information, visit: www.abigailSELLS.com – Call:718-475-2742 – or Text: 718-968-5538
This blog brought to you by Abigail Herrera


Lic. RE Salesperson | Internet Marketing Specialist | Certified Buyer Representative
your friend. your neighbor. your Realtor.