Another Home Owner SELLS their Astoria Condo for Top Dollar!!!

Abigail Herrera and her team at Keller Williams Realty Landmark are pleased to announce the sale of the Condo property located at 45-02 Ditmars Blvd. #124 in the Pistilli Grand Manor Condominium of Astoria, NY. This Astoria Queens Condo consisted of 1 Bedroom, 1 Bathroom, and SOLD for $350,000. This Astoria NY Condo is located in the desirable community at the Pistilli Grand Manor and was on the market for 27 days before the contract was fully executed.
Copyright (C), Multiple Listing Service of Long Island, Inc, 2004
The seller of this Astoria NY Condo SOLD the property for 90% of the listing price, showcasing how Abigail Herrera is both skilled and experienced at helping Queens Home Sellers SELL their home for the most amount of money, in the least amount of time, with the least amount of hassle. If you or someone you know is looking to Buy an Astoria Queens Condo, contact Abigail Herrera at Keller Williams Realty Landmark today. We would be happy to show you how we find the very best homes for our buyer clients, our 10 minute phone consultation is proven to narrow down your search so that you only view homes that fit your home criteria.
If you are curious what your Astoria Queens NY Home might sell for, 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 Queens NY Home for sale, 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
Visit us online: 

Another Buyer Closes on their 1st Queens Home!!!

Abigail Herrera Queens NY Realtor with Keller Williams Realty LandmarkAbigail Herrera and her team at Keller Williams Realty Landmark are pleased to announce the sale of the property located at 30-85 Vernon Blvd. #5D in the Hallets Cove Condominium of Astoria, NY. This Astoria Queens Condo consisted of 1 Bedroom, 1 Bathroom, and SOLD for $317,000. This Astoria NY Condo is located in the desirable neighborhood of Hallets Cove and was on the market for 249 days before the contract was fully executed.
This Buyer of this Astoria Queens Condo received a 4% discount from the listing price of $329,000, the final sale price of the property was $317,000. The buyer of this Astoria Condo was a first time home buyer and viewed less than 15 homes before they finally found the right one, showcasing how Abigail Herrera is both skilled and experienced at helping Queens Home Buyers find the right home in the least amount of time, negotiate the best possible deal, and all with the least amount of hassle. If you or someone you know is looking to buy an Astoria Queens Condo, contact Abigail Herrera at Keller Williams Realty Landmark today. We would be happy to show you how we find the very best homes for our buyer clients, our 10 minute phone consultation is proven to narrow down your search so that you only view homes that fit your home criteria.
If you are curious what your Astoria Queens NY Home might sell for, 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 Queens NY Home for sale, 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
Visit us online: 

This Month in Forest Hills Real Estate: February 2013

Forest Hills NY Real Estate Market Trends Report

Forest Hills Queens NY RealtorFebruary 2013 Forest Hills Market Update

The conclusion of 2012 paints a promising picture for 2013 and the Forest Hills housing market. Falling inventory levels coupled with record-low mortgage rates, which drive high levels of demand, continue to drive home prices upward. This pent-up demand is sustaining the market and record-low mortgage interest rates clearly are helping many home buyers, but tight inventory and restrictive mortgage underwriting standards are limiting sales.

Anticipated job creation and household formation will continue to fuel confidence growth in the Forest Hills housing market. We expect both sales and prices to once again be higher in 2013. The biggest impact of tight inventory is upward pressure on home prices, but prices are still affordable in most of the neighborhood. While mortgage rates are expected to stay low for the first half of the year, and home prices still remain affordable for most, there is an urgency to buy now, before home prices increase more significantly.

Absorbtion Rate/Month’s Supply

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

  • This Month – 7.2 months
  • Last Month – 8.3 months
  • Last Year – 14.7 months

*When inventory supply is above 6 months the market is said to favor buyers, and when inventory supply is below 6 months the market is said to favor sellers.

Forest Hills NY Interest Rates

Mortgage rates hit a record low of 3.35% in January, and are currently at or around 3.38%. NAR President Gary Thomas states that affordability conditions will remain fairly stable, “Although mortgage interest rates should gradually rise as the year progresses, they’re expected to stay below 4% during the first half of the year.” With the uncertainty of when interest rates might rise, there is a sense of urgency to buy now.

Queens_NY_Interest_Rates

Forest Hills NY Home Sales

Home sales this month were up 6% from last month and 65.6% from year-ago levels to a seasonally adjusted rate of 53 units. There were 4 Residential One-to-Three Family Home sales, 3 Condo Home sales, and 46 Coop Home sales in January. The most significant increase in home sales were in the Coop segment, where there were only 24 Coops sold last year, compared to the 46 Coops sold this January. This increase in Home Sales, coupled with the shrinking inventory, is balancing our market. At this rate, we may see a favorable sellers market in the coming months.

Total Number of Homes Sold: 53

  • Residential Homes Sold: 4
  • Condo Homes Sold: 3
  • Co-Op Homes Sold: 46 

Forest Hills NY Real Estate Market Home Sales_Jan 2013

Forest Hills NY Home Prices

The current median home price rose slightly in January to $257,500, which is 4.1% above this time last year. This is a good sign to start the new year, and with increased home sales and decreased inventory, year-over-year price gains may become a trend in the months to come. Residential 1-3 Family Home prices were down 10.6% from year-ago levels to $696,000; Condo Home prices were up 14.6% from year-ago levels to $440,000; And Coop Home prices were up 9.6% from year-ago levels to $211,000.

Median Home Sale Price: $227,500

  • Residential Median Sale Price: $696,000
  • Condo Median Sale Price: $440,000
  • Co-Op Median Sale Price: $227,500

Forest Hills NY Real Estate Market Home Prices_Jan 2013

Forest Hills NY Pending Home Sales

Pending Home sales this month were down 14.3% from last month and up 58.8% from year-ago levels to a rate of 54 units. Residential Pending Home sales were down 20% from year-ago levels to a rate of 4 units; Condo Pending Home sales were down 75% from year-ago levels to a rate of 1 unit; And Coop Pending Home Sales were up 92% from year-ago levels to a rate of 48 units.

Total Number of Pending Home Sales: 54

  • Residential Pending Sales: 5
  • Condo Pending Sales: 1
  • Co-Op Pending Sales: 48

Forest Hills NY Real Estate Market Pending Home Sales_Jan 2013

Forest Hills NY Listing Inventory 

Current active listings on the market: 354

  • 77 New Co-Ops hit the market
  • 4 New Condos
  • 8 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.comSELL: www.QueensHomeSelling.com

Another Buyer Closes on their First Home!!!

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 property located at 160-32 16th Ave in the Clearview Gardens Cooperative of Whitestone, NY. This Whitestone Queens Coop consisted of 2 Bedrooms, 1 Bathroom, 900 square feet, and SOLD for $190,000. This Whitestone Queens Coop is located in the desirable neighborhood of Clearview Gardens and was on the market for 208 days before the contract was fully executed.

This Whitestone Queens Coop SOLD for 97% of it’s listing price of $195,000, the final sale price of the property was $190,000. The 1st time home buyer of this property viewed less than 15 homes before they finally found the right home, showcasing how we are both skilled and experienced at helping Queens First Time Home Buyers find the right home in the least amount of time, with the least amount of hassle. If you or someone you know is looking to buy a Whitestone Queens Coop, contact us at Keller Williams Realty Landmark today. We would be happy to show you how we find the very best homes for our buyer clients, our 10 minute phone consultation is proven to narrow down your search so that you only view homes that fit your home criteria.
Copyright (C), Multiple Listing Service of Long Island, Inc, 2004
If you are curious what your Whitestone Queens NY Home might sell for, call or text me and my team at 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 Queens NY Home for sale, you can also call or text us, 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
Visit us online: 

This Month in Queens Real Estate: February 2013

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

The conclusion of 2012 paints a promising picture for 2013 and the Queens housing market. Falling inventory levels coupled with record-low mortgage rates, which drive high levels of demand, continue to drive home prices upward. 

This pent-up demand is sustaining the market and record-low mortgage interest rates clearly are helping many home buyers, but tight inventory and restrictive mortgage underwriting standards are limiting sales. Anticipated job creation and household formation will continue to fuel confidence growth in the Queens housing market. We expect both sales and prices to once again be higher in 2013.

The biggest impact of tight inventory is upward pressure on home prices, but after values fell below replacement construction costs, prices are still affordable in most of the county. While mortgage rates are expected to stay low for the first half of the year, and home prices still remain affordable for most, there is an urgency to buy now, before home prices increase more significantly.

Housing inventory fell again this month to 6,656 existing Queens NY homes for sale, representing a 9.3-month supply. When inventory supply is above 6 months the market is said to favor buyers, and when inventory supply is below 6 months the market is said to favor sellers.

Interest Rates

Mortgage rates hit a record low of 3.35% in January, and are currently at or around 3.38%. NAR President Gary Thomas states that affordability conditions will remain fairly stable, “Although mortgage interest rates should gradually rise as the year progresses, they’re expected to stay below 4% during the first half of the year.” With the uncertainty of when interest rates might rise, there is a sense of urgency to buy now.

Queens_NY_Interest_RatesQueens NY Home Sales

Home sales this month were down 9.4% from last month and up 17.7% from year-ago levels to a seasonally adjusted rate of 632 units. Residential 1-3 Family Home sales were up 7.7% from year-ago levels to a seasonally adjusted rate of 350 units; Condo Home sales were up 46.3% from year-ago levels to a seasonally adjusted rate of 79 units; And Coop Home Sales were up 28.5% from year-ago levels to a seasonally adjusted rate of 203 units. The 17.7% year-over-year increase in home sales coupled with shrinking inventory, is a strong sign that the market is recovering.

Queens NY Home Sales

Queens NY Home Prices

The current median home price rose slightly in December to $359,000, which is 4.1% above this time last year. This marks the fifth consecutive month of year-over-year price gains. Residential 1-3 Family Home prices were up 18.6% from year-ago levels to $510,000; Condo Home prices were up 10.4% from year-ago levels to $360,000; And Coop Home prices were up 1.8% from year-ago levels to $185,000.

Queens NY Home Prices

Queens NY Pending Home Sales

Pending Home sales this month were up 14.2% from last month and up 17.8% from year-ago levels to a rate of 733 units. Residential 1-3 Family Pending Home sales were actually down 8.5% from year-ago levels to a rate of 367 units; Condo Pending Home sales were up 119% from year-ago levels to a rate of 114 units; And Coop Pending Home Sales were up 49.1% from year-ago levels to a rate of 252 units. The significant increase in year-over-year home sales is another strong sign of the market stability that we have been seeing since last year.

Queens NY Pending Home SalesCourtesy of Abigail Herrera with Keller Williams Realty Landmark.

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Another Seller Moves UP and a New Buyer Moves IN!!!

Forest Hills NY Realtors_Abigail Herrera_Keller Williams Realty LandmarkMe and my team at Keller Williams Realty Landmark are pleased to announce the sale of the Forest Hills Coop located at 103-25 68th Ave #4S in the New Yorker Cooperative development of Forest Hills NY. This Coop at The New Yorker consisted of 2 Bedrooms, 1 1/2 Bathrooms, and sold for $290,000. This Coop is located in the desirable neighborhood of Forest Hills, Queens and was on the market for only 28 days before the contract was fully executed! 

This New Yorker Coop sold for 97% of it’s listing price of $299,000. The final sale price of this property was $290,000 – Showcasing how our team is both skilled and experienced at getting Forest Hills Coops SOLD for Top Dollar in today’s market! If you or someone you know is looking to sell a home in Forest Hills NY, contact us 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.

SOLD by Abigail Herrera_103-25 68th Ave 4SIf you are curious about your Forest Hills Coop’s home value, wondering what your Forest Hills Coop is worth, or just want to know what your Forest Hills coop might sell for in today’s market, call or text me & my team 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 me and my 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

BUY: www.ExclusiveQueensHomes.com
SELL: www.QueensHomeSelling.com