This Month in Bayside Real Estate: April 2012

Bayside Real Estate Market Update: April 2012

The Bayside real estate market experienced a 3% decrease in March. The median home sale price overall for March was $426,000 which is down from $440,000 in 2011 and up from $400,000 2 years ago. There are currently 548 Homes for sale in Bayside. Of the current available inventory, the median list price is $299,000 and the median home sale price is $426,000. This could mean that there are a lot of Coops that are sitting on the market and not selling.

The median home sale price for Residential (Single/Multi-Family) Bayside Homes in March was $656,000 in March. That’s down from $685,000 last year and up from $650,000 2 year ago. This could mean that the home values are still shifting, however, the positive economic outlook should begin to stabilize those prices.

The median home sale price for Bayside Condos in March was $458,000. This is down from 466,250 in 2011 and also down from $483,000 2 years ago. Based on this information, it looks like the values of Bayside Condos may be dipping, but you would need to review a Comparative Market Analysis for your specific neighborhood to be certain.

The median home sale price for Bayside Coops in March was $200,000. That’s down from $216,000 last year also down from $217,000 2 years ago. Based on this information, it looks like Bayside Coop values are relatively stable but may still be depreciating. In any case, you would need to review a Comparative Market Analysis to get a more accurate outlook of your specific neighborhood.
All in all, the Bayside real estate market is slowly appreciating. Overall we have seen a low point of $395,000 and a high point of $459,000 in the last 2 years. So, if you’re thinking of selling your Bayside home, or if you are just curious what your home is worth, you should request a comparative market analysis for your 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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