This Month in Jackson Heights Real Estate: July 2013

Jackson Heights NY Real Estate Market Update

Jackson_Heights_Real_Estate_Market_Trends_Report_Snapshot_JULY_2013

 

 

Jackson Heights NY Real Estate Market Home Sales

Jackson_Heights_Real_Estate_Market_Trends_Report_Home_Sales_JULY_2013

 

 

Jackson Heights NY Real Estate Market: Home Prices

Jackson_Heights_Real_Estate_Market_Trends_Report_Home_Prices_JULY_2013

 

Courtesy of George & Abigail Herrera w/the Queens Home Team @ Keller Williams Realty Landmark II. 

BUYwww.ExclusiveQueensHomes.com | SELLwww.QueensHomeSelling.com

This Month in Bayside Real Estate: July 2013

Bayside NY Real Estate Market:  Snapshot

Bayside_Real_Estate_Market_Trends_Report_July_2013

 

Bayside NY Real Estate Market:  Home Sales

Bayside_Real_Estate_Market_Trends_Report_Home_Sales_July_2013

 

Bayside NY Real Estate Market: Home Prices

Bayside_Real_Estate_Market_Trends_Report_Home_Prices_July_2013

 

Courtesy of George & Abigail Herrera w/the Queens Home Team @ Keller Williams Realty Landmark II.

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

This Month in Astoria Real Estate: July 2013

Astoria Real Estate Market Snapshot

Astoria_Real_Estate_Market_Trends_Report_JULY_2013

Astoria NY Home Sales

Astoria_NY_Real_Estate_Market_Trends_Report_Home_Sales_July_2013

Astoria NY Home Prices

Astoria_NY_Real_Estate_Market_Trends_Report_Home_Prices_July_2013

Copyright 2013 by MLSLI. Any dissemination or reproduction of this information in violation

 of copyright laws is strictly prohibited. While believed to be accurate, MLSLI does not guarantee its accuracy. Data contained herein may not reflect all real estate activity in the MLSLI market. Reports provided courtesy of Keller Williams Realty Inc. and Terradatum. This report was generated Sat Jul 20 08:26:07 PDT 2013. 

Courtesy of George & Abigail Herrera with the Queens Home Team @ Keller Williams Realty Landmark II.

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

This Month in Forest Hills Real Estate: July 2013

Forest Hills NY Real Estate Market Snapshot

Forest Hills NY Home Sales: 44 – Last Year: 50

Forest Hills NY Median Home Price: 257,500 – Last year: $250,000

Inventory: 375 – Last year: 534

Month’s Supply: 7.3 Months

 

Forest Hills Real Estate Market Trends Report_July 2013

Forest Hills NY Home Sales
Forest_Hills_Ny_Real_Estate_Market_Home_Sales_July_2013

Forest Hills NY Home Prices
Forest_Hills_Ny_Real_Estate_Market_Home_Prices_July_2013

Courtesy of George & Abigail Herrera w/the Queens Home Team @ Keller Williams Realty Landmark II.

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

June 2013 George@QueensHomeTeam.com

Price Range Analysis

# Units Sold DOM % of Market
$1 – $29,999
$30,000 – $39,999
$40,000 – $49,999
$50,000 – $59,999
$60,000 – $69,999
$70,000 – $79,999
$80,000 – $89,999
$90,000 – $99,999 1 71 2.3%
$100,000 – $119,999
$120,000 – $139,999 3 229 6.8%
$140,000 – $159,999 3 129 6.8%
$160,000 – $179,999 2 145 4.5%
$180,000 – $199,999 4 105 9.1%
$200,000 – $249,999 7 93 15.9%
$250,000 – $299,999 4 240 9.1%
$300,000 – $399,999 9 94 20.5%
$400,000 – $499,999 2 65 4.5%
$500,000 – $549,999 2 32 4.5%
$550,000 – $599,999
$600,000 – $699,999 4 31 9.1%
$700,000 – $799,999
$800,000 – $899,999 1 262 2.3%
$900,000 – $999,999 1 22 2.3%
$1,000,000 – $1,499,999 1 19 2.3%
$1,500,000 – and over

Units Sold – Month to Month Comparisons

2013 2012 2011 % Chg
June 44 50 -12.0%
May 55 48 14.6%
April 36 28 28.6%
March 50 40 25.0%
February 39 49 -20.4%
January 54 32 68.8%
December 48 38 26.3%
November 34 36 -5.6%
October 53 41 29.3%
September 44 29 51.7%
August 49 40 22.5%
July 50 41 22.0%

Year-on-year Statistics

Jun-13 Jun-12 % Chg
# Sold 44 50 -12.0%
# For Sale (Last Day of Month) 375 534 -29.8%
Median Price (Sold) $257,500 $250,000 3.0%
Median Price (For Sale) $255,000 $249,000 2.4%
Price per Sq Ft
Sold Price to Original Price 95% 94% 1.8%
Average DOM 112 116 -3.4%
Months Supply 8.5 10.7 -20.2%

Copyright 2013 by MLSLI. Any dissemination or reproduction of this information in violation of copyright laws is strictly prohibited. While believed to be accurate, MLSLI does not guarantee its accuracy.
Data contained herein may not reflect all real estate activity in the MLSLI market.
Reports provided courtesy of Keller Williams Realty Inc. and Terradatum.

This report was generated Tue Jul 16 13:31:34 PDT 2013.

This Month in Queens Real Estate: July 2013

Queens NY Real Estate Market Report and TrendsGeorge Herrera KW_Queens NY Realtor_Queens Home Team_Keller Williams Realty Landmark 2July 2013 Queens NY Market Update

The recovery of the Queens housing market now appears to be well under way. While demand is still high, even with credit conditions constraining buyers, the low level of inventory is having a significant effect in most neighborhoods. This is likely to persist through the year due to the rapid sales velocity and only modest additions to inventory levels. May & June saw a modest jump in sales velocity where existing home sales were at the highest point since August 2012. Prices continued to rise in June, marking the eighth consecutive month of price growth. Current absorption rate is 9.3 months, which is down from last month’s supply of 9.5 months. With affordability still at historically high levels and the market continuing to improve, it could be an opportune time for a well-informed buyer or seller to enter the market.

Queens NY Interest Rates

Long-term U.S. mortgage rates jumped half a point in May, reflecting consumer confidence in the economy and the very active housing market. The 30-year fixed rate mortgage averaged 3.81% in May, which was a high not seen in over a year. The 15-year fixed rate mortgage had an average rate of 2.98%, while the 1-year adjustable rate mortgage slipped to 2.54% in May. Rates have stayed fairly close to April levels for most of the month until the growing economy and increasing momentum caused the leap in interest rates at the end of May. It will be interesting to see if this gain carries over into the next month.

Interest_Rates

Queens NY Home Sales

Home sales decreased in June with total existing home sales dropping 3.3% from May, but still up 5.6% year-over-year. The positive housing numbers are indicative of the New York & U.S. economy strengthening. Existing home sales are at the highest level since August 2012. June marked the eighth month that sales have recorded year-over-year gains. The most significant jump in year-over-year home sales are in the Condo market. Residential & Coop sales are still fairly similar to the sales seen at this time last year.

Queens NY Home Prices

Median home prices continued to rise from a year earlier with an increase of 10.1% from last June. This marks eight straight months of increases, with the exception of February which was affected by Super Storm Sandy. The Queens median existing home price for all housing types was $380,000 in June, which is a 4.1% increase from the median home price in May ($365,000). The median price level has been gaining year-over-year for eight consecutive months as of June, a strong sign of the market recovery in Queens.

Queens NY Housing Inventory

Total housing inventory at the end of June dropped 1.3% to 6,123 existing homes, which represents a 9.3-month supply of homes. This is down from the 9.5-month supply in May. Inventory is down 28% below year-ago levels, but this is indicative of the current recovery. The housing numbers are overwhelmingly positive. However, the number of available homes is unlikely to grow, unless new home construction ramps up quickly by an additional 50%.

Courtesy of George & Abigail Herrera with the Queens Home Team @ Keller Williams Realty Landmark II.

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