Going Green: Recycling Tips

Here’s a list of things you can recycle besides the usual paper or plastic:D

PLEASE NOTE: Not all recycling centers accept everything. To find out what yours take, call 800-CLEANUP or go to www.recyclingcenters.org.

Cell Phones.

The Wireless Foundation refurbishes old cell phones to give to domestic-violence survivors (www.calltoprotect.org); for more information on other cell phone charities, log on to www.recyclewirelessphones.com.

Computers

You can return used computers to their manufacturers for recycling (check www.mygreenelectronics.com for a list of vendors) or donate them to a charitable organization.

Sneakers

Nike’s reuse-a-shoe program (www.letmeplay.com/reuseashoe) accepts old sneakers (any brand) and recycles them into courts for various sports so kids around the world have a place to play.

Plastic Shopping Bags

You may be able to drop them off at your local grocery store. (To find other stores, go to www.plasticbagrecycling.org).

T.V.s

Best Buy will remove and recycle a set when it delivers a new one. Or bring old ones to Office Depot to be recycled. Got a Sony TV? Take it to a drop-off center listed at www.sony.com/recycle.

As always, please be sure to share my contact information with anyone you know who may need real estate advice:D

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*JUST LISTED* 2 Bedroom Co-Op for Sale @ The Fairview in Forest Hills!!!

Full Details at: http://www.exclusivequeenshomes.com/listing/mlsid/137/propertyid/2502761/

Open House Set For Saturday, June 16th & Sunday, June 17th (12pm – 2pm).

Privacy and great views are featured in this lovely Coop in Forest Hills. Offered for sale by Abigail Herrera of Keller Williams Realty Landmark, the home is located in the sought-after community of The Fairview. An open house will be held on Saturday, June 16th & on Sunday, June 17th (12pm – 2pm).

Located in prestigious Forest Hills, and close to all of the best that New York City has to offer, Fairview at Forest Hills is one of the city’s premier cooperatives. This particular home offers 967 square feet, 2 bedrooms, private balcony with excellent views of the Manhattan skyline from the 11th floor, central air conditioning, stainless steel appliances, ample closet space, high ceilings, and parquet wood floors. The home has been upgraded and fully renovated to a high standard throughout. Maintenance includes all utilities.

Additional amenities of the Fairview include 24Hr Doorman & Security, 24-hour roaming Guard, handyman on duty until 10:30pm 7 days a week, on-site Management, modern laundry facilities, olympic size seasonal pool & club, storage facilities, and a guaranteed parking space with the sale of the unit ($100 per month).

This Forest Hills NY Coop home is located at 61-20 Grand Central Parkway, Unit B1101 in Forest Hills NY. Featuring acres of park like grounds and recreational facilities, Fairview at Forest Hills offers something for everyone. While the average Forest Hills cooperative gives you four walls, and nothing else, there is nothing average about Fairview at Forest Hills. That’s because Fairview at Forest Hills isn’t just another building hemmed in between other buildings. It’s a master-planned community. Its dramatic Y-shaped residential tower, soaring 15 stories skyward, is a Queens landmark. And the apartments are benchmarks for value and quality. Apartments at Fairview at Forest Hills are extremely spacious. Many have terraces, dens, windowed kitchens and oversized walk-in closets.

When you live at Fairview, you enjoy a complete lifestyle. The Fairview has an enormous pool and a recreation center (memberships are available at a nominal fee), or you can stroll around the park like grounds. And right at our doorstep is Flushing Meadow Park and lake, with all of their recreational facilities.

The home is being offered at $219,000. For more information, contact Abigail Herrera of Keller Williams Realty Landmark at: (718) 968-5538. Details are available at http://www.exclusivequeenshomes.com/listing/mlsid/137/propertyid/2502761/. Abigail Herrera is a Forest Hills NY Realtor experienced in working with luxury properties, first-time homebuyers, Cooperatives (Coops or Co-Ops), as well as condominiums (or Condos), Single Family Homes, and Multi-Family Homes in Forest Hills NY.

Abigail Herrera can be reached at the Keller Williams Realty Landmark office, 32-55 Francis Lewis Blvd, Bayside, NY 11358.

BUY:  http://www.ExclusiveQueensHomes.com | SELL: http://www.QueensHomeSelling.com.

This Month in Forest Hills Real Estate: June 2012

June 2012 Forest Hills Real Estate Market Update

 

Home Sales…

Total Number of Homes Sold: 48 – Up from 44 home sales in May 2011. 

  • Residential Homes Sold: 11
  • Condo Homes Sold: 3
  • Co-Op Homes Sold: 34 

Home Prices… 

Median Sale Price: $307,000 – Down 5.8% from $326,000 in May 2011

  • Residential Median Sale Price: $638,888
  • Condo Median Sale Price: $448,000
  • Co-Op Median Sale Price: $248,500

Pending Sales or Under Contracts… 

Total Number of Pending Home Sales: 9 – Down 79.5% from 44 home sales in May 2011.

Median Sale Price: $400,000 – Up 46.8% from $272,500 in May 2011.

  • Residential Pending Sales: 4 (Median Sale Price: $666,500)
  • Condo Pending Sales: -0- (Median Sale Price: $0)
  • Co-Op Pending Sales: 5 (Median Sale Price: $215,000)

Inventory… 

Current active listings on the market: 506

  • 98 New Co-Ops hit the market
  • 5 New Condos
  • 18 New Residential Homes

Rate of Sales…

Average number of monthly home sales in the last 6 months:

231 total home sales in the last 6 months Divided by 6 months = 38.5 average home sales/per month

Absorption Rate…

Time it would take to sell the current inventory at the current rate of sales:

506/38.5 = 13.14 months

*6-7 Months is a sign of a stable real estate market. Anything under 6 months is considered a “Seller’s Market”, and anything over 7 months is considered a “Buyer’s Market”. 

What does this tell us? That the Forest Hills Real Estate Market is still an Extreme Buyer’s Market. This gives Buyer’s more leverage at the negotiating table and results in most transactions being sold for less than asking price.  

Market Update

Signs of recovery continue in the Forest Hills NY housing market, demonstrated by improvements in the number of homes sold and local home prices. For the first time in over 12 months, the median home price has exceeded $300,000. Continued strength in economic indicators, employment, and consumer confidence could help to bring full recovery to the Forest Hills housing market. Relaxation in financial institution’s tight lending standards will also significantly help the recovery.

“With the tight lending environment it’s a good idea to consult with a Realtor about mortgages and program options in the area, and tips for boosting credit scores well in advance of making an offer on a home,” National Association of Realtors President Moe Veissi advises. “It helps to go into the process knowing what it takes to succeed.”

With rents on the rise in Forest Hills, buying has become an increasingly attractive option due to home affordability, or the percentage income it takes to pay the mortgage, is the most favorable in market history. Current record interest rates, which factor into affordability, will not last forever, so buyers wanting to take advantage of this unique time in history will want to act before rates rise.

Interest Rates

Mortgage rates continue to boost home affordability by remaining below 4%–some of the lowest rates on record since 1971. These rates may come as close to bottom as they can get, adding to the urgency to buy a home now while these record lows hold.

Home Sales

Home sales in June were about the same as a year ago at 48 units, which is up 57% from the previous month. A strengthening Forest Hills economy is improving consumer confidence and drawing an increasing number of people into the market. Some local Queens’ markets are experiencing a shift back into a seller’s market, leading to a shortage of homes available for sale, multiple offers, and higher prices. This is not the case for Forest Hills, but as more markets follow suit, Forest Hills home sales could continue to increase.
Home Price

Thanks to a decline in distressed properties (which includes short sales and foreclosures that traditionally sell for 15%-20% less on average compared to non-distressed homes), the median home price rose 56% month-over-month, but fell year-over-year to $306,000. This is the first time since May 2011 that median home prices reached the $300,000 mark. For the year, we’re looking at a modest overall price gain of 1%-2%, with stronger improvements in 2013.”

Inventory

Housing inventory decreased to 13.14 months supply, which is 15% above year-ago levels and 25% below last month’s levels. This is still well over a  six-month supply, which is the threshold of a balanced market. As a result, the Forest Hills market is still in an extreme “Buyer’s Market” which means that buyer’s have more leverage at the negotiating table. Good news is that the decrease in Month’s Supply indicates movement out of this deeply entrenched buyer’s market and is an important step toward a full-scale Forest Hills housing market recovery.

The Market Price is Right

Thinking about buying a home in Forest Hills NY? Wondering what pushes others to jump off the fence and buy now? Here is some insight into the top 3 reasons that impact a buyer’s sense of urgency:
.
1……..Excellent Market Conditions. Interest rates are at record lows and home prices are bouncing along ……….what experts believe to be the bottom – there has never been a more affordable time to buy a home. ……….With some local markets slipping into a seller’s market and reports of more following, the chance to ……….cash in on this historic time may be narrowing.
.
2……..Having the Freedom to Move. First time homebuyers often wait for their lease to expire, not realizing……….that buying sooner is an option. Repeat buyers wait to sell their house when leasing may be an option, ……….giving them freedom to move up sooner.
.
3……..A Major Life Event. Often a major milestone or development spurs on the need to purchase at a ……….specific time. Getting married and having children are two of the top events creating the need to buy now.

This Month in Queens Real Estate: June 2012

June 2012 Queens Real Estate Market Update

Courtesy of Abigail Herrera with Keller Williams Realty Landmark.

In a Nutshell:

Total Number of Homes Sold: 579 – Down 10.4% from 615 home sales in May 2011. 

Median Sale Price: $350,000 – Up 3% from $340,000 in May 2011.

  • Residential Homes Sold: 340 (Median Sale Price: $450,000)
  • Condo Homes Sold: 61 (Median Sale Price: $340,000)
  • Co-Op Homes Sold: 178 (Median Sale Price: $185,000)

Inventory (current active listings on the market): 8,537

Pending Sales:

  • Residential Pending Sales: 499 (Median Sale Price: $455,000)
  • Condo Pending Sales: 66 (Median Sale Price: $365,000)
  • Co-Op Pending Sales: 275 (Median Sale Price: $175,000)

Rate of Sales (Average number of monthly home sales in the last 6 months): 584 average home sales/per month (3,504 total home sales in the last 6 months/6 months)

Absorption Rate (time it would take to sell the current inventory at the current rate of sales): 14.6 months (8,537 current active listings/584 average home sales per month) 

Market Update

Signs of recovery are moving forward, but at a slow pace in the Queens NY housing market. This is demonstrated by the decline in number of homes sold. Good news is that for the first time since August 2011, the median home price experienced a year-over-year increase. Continued strength in economic indicators, employment, and consumer confidence could help to bring full recovery to the Queens housing market. Relaxation in financial institution’s tight lending standards will also significantly help the recovery.

“With the tight lending environment it’s a good idea to consult with a Realtor about mortgages and program options in the area, and tips for boosting credit scores well in advance of making an offer on a home,” National Association of Realtors President Moe Veissi advises. “It helps to go into the process knowing what it takes to succeed.”

With rents on the rise in Queens, buying has become an increasingly attractive option due to home affordability, or the percentage income it takes to pay the mortgage, is the most favorable in market history. Current record interest rates, which factor into affordability, will not last forever, so buyers wanting to take advantage of this unique time in history will want to act before rates rise.

Home Sales

Home sales decreased 8% from a year ago to 567 units, however, that is up 2.5% from the previous month. A strengthening Queens economy is improving consumer confidence and drawing an increasing number of people into the market but unfortunately, it is not resulting in an increased number of home sales. Some local markets are experiencing a shift back into a seller’s market, leading to a shortage of homes available for sale, multiple offers, and higher prices. As more markets follow suit, Queens home sales could begin to increase more and more.

Home Price

Thanks to a decline in distressed properties (which includes short sales and foreclosures that traditionally sell for 15%-20% less on average compared to non-distressed homes), the median home price rose 1% month-over-month and 2.9% year-over-year to $350,000. This is the first time in over 12 months that we have seen 3 consecutive month-to-month increases in home prices. For the year, we’re looking at a modest overall price gain of 1%-2%, with stronger improvements in 2013.

Inventory

Housing inventory decreased to 14.6 months supply, which is 11.5% below last month’s levels. This is still well over 6 months, which is the threshold of a balanced market. That means that Queens is still in an extreme buyer’s market, giving Queens home buyer’s more leverage in the negotiation process. The decrease in inventory does indicate movement out of this deeply entrenched buyer’s market and is an important step toward a full-scale housing market recovery in Queens.

Interest Rates

Mortgage rates continue to boost home affordability by remaining below 4%–some of the lowest rates on record since 1971. These rates may come as close to bottom as they can get, adding to the urgency to buy a home now while these record lows hold.

The Market Price is Right

Thinking about buying a home in Queens NY? Wondering what pushes others to jump off the fence and buy now? Here is some insight into the top 3 reasons that impact a buyer’s sense of urgency:

1……..Excellent Market Conditions. Interest rates are at record lows and home prices are bouncing along what experts believe to be the bottom – there has never been a more affordable time to buy a home. With some local markets slipping into a seller’s market and reports of more following, the chance to cash in on this historic time may be narrowing.

2……..Having the Freedom to Move. First time homebuyers often wait for their lease to expire, not realizing that buying sooner is an option. Repeat buyers wait to sell their house when leasing may be an option, giving them freedom to move up sooner.

3……..A Major Life Event. Often a major milestone or development spurs on the need to purchase at a specific time. Getting married and having children are two of the top events creating the need to buy now.

Contact me if you have any questions about what’s going on in your neighborhood and how it affects your Home’s value.

Trim Summer Utility Bills…

P: 718-968-5538 | E: abigailSELLS@kw.com

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*JUST LISTED* 2 Bedroom Co-Op for Sale in Douglaston, Queens!!!

Open House Set For June 2, 2012 (12pm – 2pm) at 58-70 246th Crescent (Lower), Douglaston, NY 11362.

Privacy and great views are featured at this lovely 2 BR Co-Op in Douglaston, NY. Offered for sale by Abigail Herrera of Keller Williams Realty Landmark, the home is located in the sought-after community of Beech Hills, a self-managed cooperative community located in Douglaston Queens. Rolling hills and winding streets distinguish this quiet community of 816 garden style apartments, situated upon 45 acres of land.

Located in the desirable neighborhood of Douglaston Queens, the home offers 2 spacious bedrooms, a renovated kitchen, ample closet space, and a formal dining room that can be converted into a third bedroom. The home also includes a washer & dryer with the sale of the unit. Built in 1953, this Douglaston Coop for sale is located at 58-70 246th Crescent in Douglaston, NY 11362.

Beech Hills residents’ have unparalleled convenience and opportunity being only a short commute from Midtown Manhattan. This development provides private sanitation six days a week, a private security company to patrol the community, free off-street resident parking, rentable vehicle garages, as well as twenty-four hour maintenance emergency service. Amenities include, on-site laundry rooms, playground areas, a sprinkler park, and a rentable community room with fully equipped kitchen. The Beech Hills Cooperative strives to foster a cooperative spirit and offers their shareholders and their families a safe and wholesome environment in which to live.

Located in School District 26, Region 3 children are within blocks of an elementary and a middle school, as well as a public library. Each of these schools is rated as one of the highest academically achieving schools within New York City. The Beech Hills community includes a Fairway Grocery Store, a Golf Course, and a wide variety of upscale shopping & dining.

The home is being offered at $218,900. For more information, contact Abigail Herrera of Keller Williams Realty Landmark at: (718) 968-5538. Details are available at http://www.exclusivequeenshomes.com/listing/mlsid/137/propertyid/2499193/. Abigail Herrera is experienced in working with luxury properties, first-time homebuyers, Cooperatives (Coops or Co-Ops), as well as condominiums (or Condos) in Queens NY.

Abigail Herrera can be reached at the Keller Williams Realty Landmark office, 32-55 Francis Lewis Blvd, Bayside, NY 11358.

BUY:  http://www.ExclusiveQueensHomes.com | SELL: http://www.QueensHomeSelling.com.