Fresh Meadows Real Estate Market Update: April 2012
The Fresh Meadows real estate market experienced a 1.6% decrease in March. The median home sale price overall for March was $570,750 which is down from $580,000 in 2011 and also down from $575,000 2 years ago. There are currently 128 Homes for sale in Fresh Meadows, and of the current available inventory, the median list price is $649,500. Based on this information, it looks like either Fresh Meadows home sellers are over-pricing their homes, or there are stale Coops on the market.
The median home sale price for Residential (Single/Multi-Family) Fresh Meadows Homes in March was $610,000 in March. That’s down from $618,250 last year and also down from $612,000 2 years ago. Based on this information it looks like the residential real estate market in Fresh Meadows is fairly stable. Though your home may have depreciated in the last few years, it should start gaining some value back (little by little) in the next few years.
The median home sale price for Fresh Meadows Condos in March was $370,500. This is down from 375,000 in 2011 and also down from $380,000 2 years ago. Based on this information, it looks like the Condo home values in Fresh Meadows may still be depreciating but based on the positive economic outlook for 2012, it should stabilize throughout this year.
The median home sale price for Fresh Meadows Coops in March was $168,000. That’s up from $152,500 last year also up from $147,000 2 years ago. Based on this information, it looks like Fresh Meadows Coop values may be appreciating in value!!! So, if you own a Coop in Fresh Meadows, you should review a Comparative Market Analysis of your home to see exactly what your home is worth now.
All in all, the Fresh Meadows real estate market seems to be fairly stable. Overall we have seen a median low point of $561,000 and a high point of $604,000 in the last 2 years. So, if you’re thinking of selling your Fresh Meadows 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 with Keller Williams Realty Landmark.
Lic. RE Salesperson | Internet Marketing Specialist | Certified Buyer Representative
your friend. your neighbor. your Realtor.