This Month in Astoria Real Estate: April 2012

Astoria Market Update: April 2012

The Astoria real estate market experienced a 13.7% increase in March. This is no surprise being that Astoria has been appreciating consistently for the past 12 months. Around this time last year, the median home sale price overall was $482,500 and in March, the median home sale price overall was $548,540.
There are currently 100 Homes for sale in Astoria. Of the current available inventory, the median list price is $664,000 and the median home sale price is $548,540 which is a difference of about $116,000. This could mean that the homes being listed are over-priced so if you are thinking of selling and want to sell quickly, and for more money, you should price your home competitively. 

The median home sale price for Residential (Single/Multi-Family) Astoria Homes in March was $697,500. This is up from last year’s median home sale price of $671,250. 2 years ago, the median home sale price was $680,000 which means that overall, the Astoria residential (single/multi-family) home values are still appreciating and may continue to do so as the economic outlook remains positive.

The median home sale price for Astoria Condos in March was $345,000. This is down from the 2011 median sale price of $380,000. 2 years ago, the median home sale price for Astoria Condos was $374,213. Based on this information, it looks like the values of Astoria Condos may be dipping, but you would need to review a Comparative Market Analysis to make sure.
The median home sale price for Astoria Coops in March was $260,000 – that’s up from $225,000 last year also up from $246,500 2 years ago. What that says is that the Coop home values are appreciating in Astoria, however, you would need to review a Comparative Market Analysis to get a more accurate outlook of your specific neighborhood.
All in all, the Astoria real estate market is VERY HOT! So, if you are thinking of selling your Astoria home, or if you are just curious what your home is worth, you should request a comparative market analysis for your Astoria home and see exactly where your home stands in today’s market.
For more Queens 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.
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