JUST LISTED: 1 BR Coop for Sale @ The Baydale Cooperative in Bayside NY!!!

Queens Home Team Introduces another GREAT Coop for Sale @ The Baydale Cooperative in Bayside NY!

Privacy and great views are featured in this lovely Bayside Coop for sale. Offered for sale by George & Abigail Herrera of Keller Williams Realty Landmark, this 1 bedroom Coop is located in the sought-after community of Baydale Cooperative. Full listing details at: http://www.exclusivequeenshomes.com/listing/mlsid/137/propertyid/2577084/.

Located in prestigious Bayside NY, and close to all of the best that Queens NYC has to offer, Baydale is one of Queens’ premier cooperatives. Here is a property description of this Baydale Coop for Sale: 

Feel At Home In This Beautiful 1 Bedroom Coop In The Heart Of Bayside. Located On A Tree Lined Street, This Garden Style Unit Features Freshly Polished Hardwood Floors, A Cozy Living Room, Separate Dining Area To Entertain Guests, And Recently Updated Kitchen Floor. Close To Bayside’s Francis Lewis Blvd & Bell Blvd, Featuring Restaurants, Shopping, And Entertainment.

WHAT THE SELLER SAYS:

“I’ve lived in this apartment happily for many years. It’s a quiet, peaceful, safe place to live. At the same time, it’s close to so much: the LIRR takes you into the city in 20 minutes; the shopping in Bay Terrace is great; there are so many restaurants on Bell Boulevard; and you’re close to the many convenient stores on 35th Avenue, from outstanding bagels to delicious homemade Italian ices! In addition to being in a super location, the parking on the block is always ample. I usually get a spot right outside my front door. With all of that said, I think the best thing about living here has been the apartment itself. It has great charm and character, and it was so easy to make this place a home. I am sure that whoever buys this apartment will love it as much as I have!”

This Bayside NY Coop is located at 204-11 36th Ave, Unit #1 in Bayside NY. The Baydale Cooperative in Bayside NY offers something for everyone. While the average Bayside cooperative gives you four walls, and nothing else, there is nothing average about Baydale. That’s because the Baydale Cooperative in Bayside isn’t just another building hemmed in between other buildings. It’s a master-planned community, that’s why Baydale apartments are benchmarks for value and quality. Coop apartments at Baydale in Bayside NY are extremely spacious, many have terraces, dens, windowed kitchens and oversized walk-in closets. When you live at the Baydale Cooperative, you enjoy a complete lifestyle.

This 1 bedroom Baydale Coop for sale is being offered at $150,000. For more information, contact George or Abigail Herrera of the Queens Home Team @ Keller Williams Realty Landmark 2: (718) 968-5538 or (718) 869-0270. Full Listing details are available at http://www.exclusivequeenshomes.com/listing/mlsid/137/propertyid/2577084/. George & Abigail Herrera are Bayside NY Realtors experienced in working with luxury properties in Bayside NY, Bayside NY first-time homebuyers, Bayside NY Coops, as well as Bayside NY Condos, Bayside NY Single Family Homes, Bayside NY Two (2) family, and Multi-Family Homes in Bayside NY.

George & Abigail Herrera can be reached at the Keller Williams Realty Landmark 2 office which is located at:

75-35 31st Avenue | Ste. 202 | Jackson Heights, NY 11370

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

This Month in Forest Hills Real Estate: April 2013

Forest Hills NY Real Estate Market Trends Report

George Herrera KW_Queens NY Realtor_Queens Home Team_Keller Williams Realty Landmark 2

March 2013 Forest Hills Market Update
Home sales and prices confirm that a slow recovery is continuing in the Forest Hills housing market: sales have been above year-ago levels for 8 of the last 12 months, while prices have experienced 4 months of year-over-year gains in the last 12 months.
Rising home sales coupled with a decrease in inventory, may lead to a rise in home prices.  However, affordability remains historically favorable because home prices have not risen much & rates are still at all time lows. This means there is still great value for buyers in the current market.
The uptick in homes sales & pending homes sales together with the decrease in available inventory, leads to a positive outlook on a recovering forest hills housing market. With mortgage rates at historically low rates, and with the increase in demand for Forest Hills homes, now marks one of the most favorable times in history to buy or sell a Forest Hills NY Home.

Absorption Rate/Month’s Supply

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

  • This Month – 8.7 months
  • Last Month – 10.2 months
  • Last Year – 12.2 months
Absorption Rate/Month’s Supply for Forest Hills Coops: 9.7 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

Rates

Interest rates this month changed very little from last month, with rates at or around 3.54% for a 30-year mortgage. “In the history of mortgage interest rates since 1971,” states Gary Thomas, “the 30-year fixed rate has been below 4% in only 15 months, and those have all been in the past 15 months.”

Forest Hills NY Home Sales

Forest_Hills_Queens_NY_Real_Estate_Market_Home_Sales_APRIL_2013

Home sales in March were up 28% from last month and 25% from last year. Residential Home Sales were up 100% from last year while Condo Sales remained even with 2012, and Coop home sales were up 25%. So, Residential sales were up significantly while condo sales remained steady, and coops are still a popular housing choice among Forest Hills home buyers so they have also been selling more than last year.

Total Number of Homes Sold: 50

  • Residential Homes Sold: 10
  • Condo Homes Sold: 3
  • Co-Op Homes Sold: 40
Forest Hills NY Home Prices
Forest_Hills_Queens_NY_Real_Estate_Market_Home_Prices_APRIL_2013

The current median home price dropped in March to a seasonally adjusted $250,000, which is down 4% from last month and 4.4% year over year. March marks the seventh month of year-over-year price drops in the last 12 months. A sign of the slow recovery when it comes to forest hills home prices. The good news is that Coop home prices are up year-over-year.

Median Home Sale Price: $273,500

  • Residential Median Sale Price: $668,500
  • Condo Median Sale Price: $690,000
  • Co-Op Median Sale Price: $237,900

Forest Hills NY Listing Inventory 

Housing inventory levels increased 10.6% to 406 existing homes for sale, which represents a 8.7-month supply, still a buyer’s market, but rising home sales may change that soon. Inventory is down 20.5% year over year, when there was a much higher supply of homes. This is a strong sign that the market is headed towards a balanced market, however, historically balanced markets never last more than 6 months.

Current active listings on the market: 406

  • 91 New Co-Ops hit the Market
  • 4 New Condos hit the Market
  • 12 New Residential Homes hit the Market

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

JUST LISTED: 1 BR Coop @ Roslyn Gardens Cooperative in Roslyn Heights NY!

Privacy and great views are featured in this lovely Roslyn Heights Coop for sale. Offered for sale by Lloyd Munjack & Abigail Herrera of Keller Williams Realty Landmark, this 1 bedroom Coop is located in the sought-after community of Roslyn Gardens Cooperative. Full listing details at: http://www.exclusivequeenshomes.com/listing/mlsid/137/propertyid/2569313

Located in prestigious Roslyn Heights, and close to all of the best that Long Island has to offer, Roslyn Gardens is one of the Long Island’s premier cooperatives. This Roslyn Heights Coop offers: 

Beautiful, Sun Drenched 1 Bdrm Home Lovingly Maintained; Features Updated Kitchen And Bath, Large Closets, Jacuzzi Tub, And Hardwood Floors. Laundry Facilities On Site. Roaming Security Through Roslyn Municipal. Convenient To Village Of Roslyn, All Shops, Restaurants. Roslyn Schools. Close To Lirr, Lie And Gcp. Must See!

This Roslyn Heights NY Coop is located at 9 Edwards St, Unit 2E in Roslyn Heights NY. The Roslyn Gardens Cooperative in Roslyn Heights NY offers something for everyone. While the average Roslyn Heights cooperative gives you four walls, and nothing else, there is nothing average about Roslyn Gardens. That’s because Roslyn Gardens in Roslyn Heights isn’t just another building hemmed in between other buildings. It’s a master-planned community, and the Roslyn Gardens Cooperative apartments are benchmarks for value and quality. Coop apartments at Roslyn Gardens in Roslyn Heights are extremely spacious, many have terraces, dens, windowed kitchens and oversized walk-in closets. When you live at The Roslyn Gardens Cooperative, you enjoy a complete lifestyle.

This 1 bedroom Roslyn Gardens Coop for sale is being offered at $149,000. For more information, contact Lloyd Munjack or Abigail Herrera of Keller Williams Realty Landmark at: (718) 968-5538. Details are available at http://www.exclusivequeenshomes.com/listing/mlsid/137/propertyid/2569313/. Abigail Herrera is a Roslyn Heights NY Realtor experienced in working with luxury properties in Roslyn Heights NY, Roslyn Heights NY first-time homebuyers, Roslyn Heights NY Coops, as well as Roslyn Heights NY Condos, Roslyn Heights NY Single Family Homes, Roslyn Heights NY Two (2) family, and Multi-Family Homes in Roslyn Heights NY.

Abigail Herrera can be reached at the Keller Williams Realty Landmark 2 office, 75-35 31st Avenue, Ste. 202 | Jackson Heights, NY 11370.

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

This Month in Queens Real Estate: April 2013

Queens NY Real Estate Market Trends Report
Marketing Profile PictureQueens NY Real Estate Market Update
Home sales and prices confirm that a healthy recovery is continuing in the Queens housing market: sales have been above year-ago levels for 8 of the last 12 months, while prices have experienced 9 months of year-over-year gains in the last 12 months. We are still in a Buyer’s market, indicated by the 9.7 month’s supply.
Even with rising home prices, affordability remains historically favorable because home prices over corrected during the downturn. This means there is still great value for buyers in the current market.
With a positive outlook on a recovering housing market and mortgage rates at historically low rates, now marks one of the most favorable times in history to buy or sell a Queens NY Home.

Queens NY Interest Rates

Interest rates this month changed very little from last month, with rates at or around 3.54% for a 30-year mortgage. “In the history of mortgage interest rates since 1971,” states Gary Thomas, “the 30-year fixed rate has been below 4% in only 15 months, and those have all been in the past 15 months.”

Rates

Queens NY Home Sales

Home sales in March were up 6.2% from last month and down 13.2% from last year. Residential Home Sales were down 22.1% from last year while Condo Sales were down 3.3%, and Coop home sales were up 2.6%. So, Residential sales were down significantly while condo sales remained steady, and coop sales are still a popular housing choice among queens ny home buyers.

Queens NY Real Estate Market Home Sales_March 2013

Queens NY Home Prices

The current median home price rose in March to a seasonally adjusted $356,000, which is up 7.9% from last month and up 4.7% year over year. March marks the ninth month of year-over-year price gains in the last 12 months. A sign that the shrinking inventory is putting pressure on home prices to go up. Residential, Condo, and Coop home prices are up year-over-year.

Queens NY Real Estate Market Home Prices_March 2013

Queens NY Housing Inventory

Housing inventory levels increased .3% to 6,373 existing homes for sale, which represents a 9.7-month supply, still a buyer’s market in general, but of course every neighborhood is different. There are actually neighborhoods that are in a seller’s market which means that some seller’s are in a great position to sell. Inventory is down 25.7% year over year, when there was a much higher supply of homes. This is a strong sign that the market is headed towards a balanced market, however, historically balanced markets never last more than 6 months. 

Blog courtesy of George Herrera with the Queens Home Team @ Keller Williams Realty Landmark 2.