Another GREAT Coop for Sale @ The Fairview in Forest Hills!!!

Privacy, great views, and convenience are featured in this lovely Forest Hills Coop for Sale. Offered for sale by Abigail Herrera and her team at Keller Williams Realty Landmark, the Coop is located in the sought-after community of The Fairview Cooperative. Full listing details at: http://www.exclusivequeenshomes.com/listing/mlsid/137/propertyid/2552542/

Located in prestigious Forest Hills, and close to all of the best that New York City has to offer, The Fairview Cooperative in Forest Hills is one of the city’s premier cooperatives. This particular Coop offers: 1 Bedrm W/Terrace On 6th Fl. Excellent View, Ample Closet Space, Move In Condition! Close To All Shopping, Subway, Bus, Lirr, & Highways. High Ceiling, Parquet Wood Floor. Maintenance Incl. All Utilities. 24Hr Doorman & Security, Seasonal Pool & Splash Pool Club, Courtyard W/Basketball Court & Playground, Onsite Laundry, Parking & Storage P/Wait List.

This Forest Hills Coop was built in 1967. Parking is available for $150/month if desired. Maintenance is $825.73 (all utilities included), of which 40% is tax deductible. Additional amenities include: Pet friendly, 24 hour doorman, wood floors, stove, refrigerator, dishwasher, 2 A/C units, cable ready, terrace, pool, tennis court across the street, school district 28, and elevators.

This Forest Hills NY Coop is located at 61-20 Grand Central Pkwy #C608 in Forest Hills NY. The 2 Bedroom Forest Hills Coop for sale is being offered at $180,000. For more information, contact Abigail Herrera of Keller Williams Realty Landmark at: (718) 968-5538. Details are available at: www.exclusivequeenshomes.com/listing/mlsid/137/propertyid/2552542/.

Abigail Herrera is a local Forest Hills NY Realtor experienced in working with first time homebuyers in Forest Hills NYForest Hills NY CoopsForest Hills NY CondosSingle Family Homes in Forest Hills NY2 Family Homes in Forest Hills NYMulti Family Homes in Forest Hills NY, and Luxury Homes in Forest Hills NYAbigail Herrera can be reached at the Keller Williams Realty Landmark office, 32-55 Francis Lewis Blvd, Bayside, NY 11358.

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

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Another GREAT Coop for Sale @ The Belmont in Rego Park!!!

Privacy, great views, and convenience are featured in this lovely Rego Park Coop for Sale. Offered for sale by Abigail Herrera and her team at Keller Williams Realty Landmark, the Coop is located in the sought-after community of The Belmont Cooperative.

Located in prestigious Rego Park, and close to all of the best that New York City has to offer, The Belmont Cooperative in Rego Park is one of the city’s premier cooperatives. This particular Coop is a 2nd Floor, 2 Bedroom unit, Located On A Tree Lined Cul-De-Sac on the Border Of Rego Park And Forest Hills. The 950 sq ft unit Features Wood Floors, High Ceilings, and Open Layout. On Site Laundry Facilities, Controlled Access Entry. M & R Trains At 67th Rd. & Queens Blvd, Blocks To Subway And International Cuisine And Shopping!

The maintenance of $897/mo. includes all utilities (with the exception of electric) and the re-tax abatement reduces the monthly maintenance bill by $54. This Coop is located in school district 28 of Queens NYC. Additional amenities of the Belmont Cooperative include an optional parking spot for $125/per month, stove, refrigerator, dishwasher, cable, and elevators.

This Rego Park NY Coop is located at 97-07 67th Ave #1E in Rego Park NY. The 2 Bedroom Belmont Coop for sale is being offered at $185,000. For more information, contact Abigail Herrera of Keller Williams Realty Landmark at: (718) 968-5538. Details are available at: www.exclusivequeenshomes.com/listing/mlsid/137/propertyid/2552888/.

Abigail Herrera is a local Rego Park NY Realtor experienced in working with first time homebuyers in Rego ParkRego Park NY CoopsRego Park NY CondosSingle Family Homes in Rego Park NY2 Family Homes in Rego Park NYMulti Family Homes in Rego Park NY, and Luxury Homes in Rego Park NYAbigail Herrera can be reached at the Keller Williams Realty Landmark office, 32-55 Francis Lewis Blvd, Bayside, NY 11358.

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

SOLD! Another Seller Moves on to the Next Chapter in their Lives…

Abigail Herrera Queens NY Realtor with Keller Williams Realty LandmarkMe and my team at Keller Williams Realty Landmark are pleased to announce the sale of the Beech Hills Coop located at 58-70 246th Cres #Lower in the Beech Hills Cooperative development of Douglaston NY. This Beech Hills Coop consisted of 2 Bedrooms, 1 Bathroom, 938 square feet, and sold for $200,000. This Coop is located in the desirable neighborhood of Beech Hills and was on the market for 129 days before the contract was fully executed.

This Beech Hills Coop sold for 96% of its listing price of $209,000. The final sale price of this property was $200,000 – Showcasing how we are both skilled and experienced at getting Beech Hills Coops SOLD for Top Dollar in today’s market! If you or someone you know is looking to sell a home in Douglaston NY, contact me or my team at Keller Williams Realty Landmark today. We would be happy to show you the most comprehensive & strategic real estate marketing plan for Queens NY homes, proven to get homes SOLD for the absolute most amount of money in the least amount of time, with the least amount of hassle.

Beech Hills Douglaston Coop Recent Sale_January 2013

If you are curious about Beech Hills Coop home values, wondering what your Beech Hills Coop is worth, or just want to know what your Beech Hills coop might sell for in today’s market, call or text Abigail Herrera of Keller Williams Realty Landmark at: 718-968-5538. We would love to meet your family and evaluate your home free of charge.

If you are looking to buy a home in Queens NY, you can also call or text Abigail Herrera and her team at Keller Williams Realty Landmark, we have experienced Realtors who specialize in working with Queens home buyers looking in all areas of the borough. Let us go to work for you and show you why so many Queens home sellers & buyers choose us to represent them in the real estate process.

Abigail Herrera with Keller Williams Realty Landmark
32-55 Francis Lewis Blvd.
2nd Floor
Flushing, NY 11358
718-475-2742

BUYwww.ExclusiveQueensHomes.com
SELLwww.QueensHomeSelling.com

Real Estate Talk: Queens Property Values in the Last 5 years

Abigail Herrera Queens NY Realtor with Keller Williams Realty LandmarkRecently I had a Home Owner ask me if I could provide them with a report of Queens County’s property values over the last 5 years. So, I figured that it would only be right to share it with all of you.

Therefore, below is a detailed report on Queens’ Property values over the last 5 years, broker down by property type (Coops, Condos, and Residential 1-3 Family Homes). If you have any questions about the data or need any information pertaining to your specific neighborhood, development, or zip code… Let me know!

Co-Ops: Co-Op Prices are Down 9.3% from 5 Years Ago
Year Quarter Median Sale Price
2012 3 195,000
2012 2 187,000
2012 1 182,500
2011 4 185,000
2011 3 195,000
2011 2 190,000
2011 1 196,750
2010 4 190,000
2010 3 195,000
2010 2 193,000
2010 1 195,000
2009 4 200,000
2009 3 196,971
2009 2 203,809
2009 1 203,854
2008 4 210,000
2008 3 215,000
Condos: Condo Prices are Down 4.1% from 5 Years Ago
Year Quarter Median Sale Price
2012 3 398,000
2012 2 393,432
2012 1 380,000
2011 4 410,310
2011 3 275,000
2011 2 378,222
2011 1 235,000
2010 4 260,000
2010 3 241,000
2010 2 278,000
2010 1 304,627
2009 4 304,600
2009 3 354,900
2009 2 386,437
2009 1 454,860
2008 4 380,000
2008 3 415,000
1-3 Family Homes: 1-3 Family Home Prices are Down 13.1% from 5 Years Ago
Year Quarter Median Sale Price
2012 3 465,000
2012 2 430,000
2012 1 424,000
2011 4 440,000
2011 3 450,000
2011 2 428,500
2011 1 455,000
2010 4 450,000
2010 3 425,940
2010 2 438,617
2010 1 440,000
2009 4 442,950
2009 3 475,000
2009 2 445,000
2009 1 460,000
2008 4 500,000
2008 3 535,000
Courtesy of Abigail Herrera with Keller Williams Realty Landmark.

This Month in Forest Hills Real Estate: January 2013

Forest Hills NY Real Estate Market Trends Report

Forest Hills Queens NY RealtorJanuary 2013 Forest Hills Market Update

The Forest Hills housing market continues to recover as a result of existing-home sales improving with low inventory supply pushing home prices upward. Momentum continues to build in the housing market from growing jobs and a bursting out of household formation. With lower rental vacancy rates and rising rents, combined with historically favorable affordability conditions, more people are buying homes in Forest Hills.

There are good signs that 2013 will be a year of recovery for the Forest Hills housing market. 2012 was a good year that ended in a positive territory, and if 2013 is anything like 2012, it could mean we are headed for a strong rebound. There is an urgency to buy now as home prices continue to increase and mortgage rates are at historic lows.

While home sales are increasing, median home sale prices have remained relatively stable. However, with the decrease in inventory/month’s supply, and the increase in home sales, a modest increase in home prices could be coming soon. The decrease in inventory is a good sign for home sellers because there is less competition on the market.

Absorbtion Rate/Month’s Supply

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

  • This Month – 8.3 months
  • Last Month – 14.6 months
  • Last Year – 12.3 months

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

Forest Hills NY Interest Rates

This month mortgage rates are at or around 3.37%, still hovering near record lows. In terms of the monthly payment on a 30-year fixed rate mortgage, a 1% increase in interest rate is the equivalent to a 10% increase in price. Low rates and a rebounding market have put buyers in a sweet spot, fueling urgency to buy now.

Queens NY Interest Rates

Forest Hills NY Home Sales

Home sales this month increased 22.5% from last year and 44.1% from last month to a seasonally adjusted rate of 49 units, the highest level since October of 2012. The Home Sale trajectory of 2012 saw a low point of 29 units in April 2012 and peaked at 52 units in July & October 2012. All in all, there were 6 months of year-over-year increases in 2012 with 5 of them coming in the second half of the year, a sign of the market stability that was apparent in 2012.

Total Number of Homes Sold: 49

  • Residential Homes Sold: 7
  • Condo Homes Sold: 2
  • Co-Op Homes Sold: 40

Forest Hills NY Real Estate Market Home Sales_December 2012

Forest Hills NY Home Prices
The current median home price fell to $220,000, a decrease of 22.4% from the previous month and 20.7% from last year. December marked the sixth month of year-over-year price decreases, while the other six months saw year-over-year price gains, another sign of the market stability in 2012. The increase in number of home sales in tandem with the shrinking inventory should give us positive momentum in the first quarter of 2013.

Median Sale Price: $220,000

  • Residential Median Sale Price: $718,888
  • Condo Median Sale Price: $379,000
  • Co-Op Median Sale Price: $215,000
Forest Hills NY Real Estate Market Median Home Prices_December 2012Forest Hills NY Pending Home Sales

Pending Home sales in December increased 70.6% from last year and 87.1% from last month to a rate of 58 units. This large increase in year-over-year pending home sales is just another sign that Forest Hills home sales are in fact increasing and should continue to do so into the first quarter of 2013. All in all, in 2012 there were 8 months of year-over-year pending home sale increases, a strong sign of the buyer confidence experienced in 2012, a trend that should continue in 2013.

Total Number of Pending Home Sales: 58

  • Residential Pending Sales: 8
  • Condo Pending Sales: 4
  • Co-Op Pending Sales: 50

Forest Hills NY Real Estate Market Pending Home Sales_December 2012

Forest Hills NY Listing Inventory 

Current active listings on the market: 351

  • 60 New Co-Ops hit the market
  • 2 New Condos
  • 7 New Residential Homes

For more information about what’s going on in your neighborhood, contact Abigail Herrera of Keller Williams Realty Landmark.

718-968-5538 | abigailSELLS@kw.com

BUY: www.ExclusiveQueensHomes.com | SELLwww.QueensHomeSelling.com

This Month in Queens Real Estate: January 2013

Queens NY Real Estate Market Trends Report
Abigail Herrera Queens NY Realtor with Keller Williams Realty LandmarkJanuary 2013 Queens NY Market Update 

The Queens housing market continues to recover as a result of existing-home sales improving with low inventory supply pushing home prices upward. Momentum continues to build in the housing market from growing jobs and a bursting out of household formation. With lower rental vacancy rates and rising rents, combined with historically favorable affordability conditions, more people are buying homes.

There had been speculation of a rise in short sales before the end of 2012 with the pending expiration of the Mortgage Forgiveness Debt Relief Act, which allows the forgiven debt to not be counted and taxed as income but there’s no movement in short sales, their market share is staying in a narrow range, and they’re still taking much longer to sell.

There are good signs that 2013 will be a year of recovery for the Queens housing market. 2012 is the first year since 2005 where the year ended in positive territory, and if 2013 is anything like 2006, it could mean we are headed for a strong rebound. There is an urgency to buy now as home prices continue to increase and mortgage rates are at historic lows.

Interest Rates

Queens NY Interest Rates

This month mortgage rates are at or around 3.37%, still hovering near record lows. In terms of the monthly payment on a 30-year fixed rate mortgage, a 1% increase in interest rate is the equivalent to a 10% increase in price. Low rates and a rebounding market have put buyers in a sweet spot, fueling urgency to buy now.

Queens NY Home Sales

Queens NY Real Estate Market Home Sales_December 2012Home sales this month increased 3.1% from last year and 14.8% from last month to a seasonally adjusted rate of 658 units, the highest level since August of 2012. The Home Sale trajectory of 2012 saw a low point of 536 units in January 2012 and peaked at 699 units in August 2012. All in all, there were 6 months of year-over-year increases last year while the other 6 months were year-over-year decreases, a sign of the market stability that was apparent in 2012.

Queens NY Home Prices

Queens NY Real Estate Market Median Home Prices_December 2012The current median home price rose this month to $375,000, a decrease of 1.3% from the previous month and up 15.4% from last year. December marked the fourth consecutive month of year-over-year price gains, a sign of the positive momentum in the fourth quarter of 2012 going into 2013.

Queens NY Pending Home Sales

Queens NY Real Estate Market Pending Home Sales_December 2012Pending Home sales this December decreased 7.2% from last year and 2.6% from last month to a seasonally adjusted rate of 592 units, the decrease was due in large part to super storm Sandy so pending home sales should rise again as the recovery continues in 2013. All in all, in 2012 there were 9 months of year-over-year pending home sale increases, a strong sign of the buyer confidence experienced in 2012, a trend that should continue in 2013.

Report Courtesy of Abigail Herrera with Keller Williams Realty Landmark.

Another GREAT Condo for Sale @ The Pistilli Grand Manor in Astoria NY!

Privacy and great views are featured in this lovely Astoria NY Condo for Sale. Offered for sale by Abigail Herrera of Keller Williams Realty Landmark, the home is located in the sought-after condominium Pistilli Grand Manor. This Condo offers 932 square feet, 1 bedroom, high ceilings, recessed lighting, parquet floors, cherry wood cabinets, an open layout and oversized windows designed to let plenty of sunlight to filter into the room. Call 718-968-5538 for showings. Full listing details can be found at: http://www.exclusivequeenshomes.com/listing/mlsid/137/propertyid/2546782/

LUXURY LIVING 
Located conveniently in Astoria Queens, the Pistilli Grand Manor spans 6 stories and features 201 luxury condominiums. Although it was renovated in 2008, this building includes a unique history that spans back to the early 1900s. The glass construction of the arched awning contrasts beautifully with the Victorian style of the Pistilli Grand Manor. The exterior of the building is designed with a warm earth tone color palette that adds to its visual appeal. Upon entering the Pistilli Grand Manor through the arched entryway, guests find themselves inside of a spacious lobby. Residents benefit from the convenient location of the Pistilli Grand Manor. Within walking distance of the building, there are shopping centers, super markets, restaurants, schools, and bookstores. This distinctive condominium building provides all of the amenities and luxuries you need to settle into this beautiful neighborhood promptly. The Pistilli Grand Manor is just waiting to welcome you home.
Copyright (C), Multiple Listing Service of Long Island, Inc, 2004
AMENITIES 
A variety of amenities are provided for the residents of the Pistilli Grand Manor condominiums. Life in this building is simplified thanks to the many helpful staff members that are available to accommodate your needs. Residents will appreciate the full-time 24 hour doorman positioned at the Pistilli Grand Manor’s luxurious entryway. In order to accommodate the needs of residents, the Pistilli Grand Manor employs an on-site superintendent, in addition to a handyman. For convenience, each floor of the Pistilli Grand Manor condominium building features two laundry rooms. Residents do not have to worry about finding washing machines and dryers that are available for immediate use. Residents also benefit from a fitness center that is located within the condominium building. Save time travelling to an off-site gym by simply using the quality equipment provided by the Pistilli Grand Manor. The Pistilli Grand Manor includes on-site parking that is both covered and uncovered. There are approximately 300 available parking spaces spread across a three-tiered parking garage. Residents appreciate the convenience that this amenity provides. The condominiums at Pistilli Grand Manor feature distinctive layouts that are designed to create a comfortable living environment. The spacious kitchen in this unit includes a refrigerator, dishwasher, and a stove with range hood.
Copyright (C), Multiple Listing Service of Long Island, Inc, 2004
NEIGHBORHOOD 
The Pistilli Grand Manor is situated in the beautiful neighborhood of Astoria in Queens, New York. Astoria, formerly apart of Long Island City, is bordered by the East River and located in the north-western section of the borough. Travelling around Astoria is easy with subway stops at convenient locations, including Ditmars Boulevard and Astoria Park. There are several places of interest around Astoria. Destinations including Kaufman Astoria Studios’ Museum of the Moving Image and the Socrates Sculpture Park create wonderful opportunities to explore this unique city. Residents can also visit St. Michael’s Cemetery, which is the final resting place of Scott Joplin. Located in close proximity to the Pistilli Grand Manor condominium building is Astoria Park. Opened in 1913, this large park boasts some of the most scenic vistas in the area. Bridges, including the Triborough and Hells Gate, cross straight through Astoria Park providing an opportunity to enjoy their unique architecture. Residents will also appreciate Astoria Park for its impressive Olympic-sized public pool. Built back in 1936, it is the oldest pool in the Borough. This area features plenty of activities to keep sports enthusiasts entertained, including everything from basketball and tennis courts to nature trails. Pistilli Grand Manor features an incredible location that provides easy to access to plenty of nearby retail establishments, eateries, and coffee shops. There are multiple super markets within walking distance of the building. The nightlife in Astoria keeps the residents of Pistilli Grand Manor entertained. There are plenty of taverns and restaurants within walking distance of the condominium building.
Astoria Queens NY Pistilli Grand Manor Condominium NeighborhoodThis Astoria NY Condo for Sale is located at 45-02 Ditmars Blvd., Unit 124 in Astoria NY. This spacious 1 Bedroom Astoria Condo for sale is being offered at $390,000. 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/2546782/.
Abigail Herrera is an Astoria NY Realtor experienced in working with luxury properties in Astoria NY, Astoria NY first-time homebuyers, Astoria NY Coops, as well as Astoria NY Condos, Astoria NY Single Family Homes, Astoria NY Two (2) family Homes, and Multi-Family Homes in Astoria, Queens NY. Abigail Herrera can be reached at the Keller Williams Realty Landmark office, 32-55 Francis Lewis Blvd, Bayside, NY 11358.