2013: Year in review… Special thanks to all of our Blog followers!!!

The WordPress.com stats helper monkeys prepared a 2013 annual report for this blog.

Here’s an excerpt:

A New York City subway train holds 1,200 people. This blog was viewed about 6,500 times in 2013. If it were a NYC subway train, it would take about 5 trips to carry that many people.

Click here to see the complete report.

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: May 2013

TMIQHRE Header
George Herrera KW_Queens NY Realtor_Queens Home Team_Keller Williams Realty Landmark 2Queens NY Real Estate Market Update

As the Queens housing market recovers we are seeing considerable increases in demand, resulting in a strong seller’s market in certain areas across the county. Currently, there is more demand than there is supply available in many neighborhoods, but the good news is home construction is rising and low mortgage rates are continuing to keep affordability conditions at historically favorable levels. 

Homes are selling much faster, and multiple bidding is becoming more common, and more homes are selling above the asking prices, so buyers need to move quickly. With historically low interest rates and rising demand, there is an urgency to buy now during one of the most favorable times in history to buy or sell a Queens home.

Queens NY Interest Rates

Rates

Interest rates this month are slightly lower from last month, at 3.41% for a 30-year mortgage. Low mortgage rates continue to keep affordability conditions at historically favorable levels. 

Queens NY Home Sales

Queens_NY_Real_Estate_Market_Home_Sales_May_2013_Queens_Home_Team_George_and_Abigail_Herrera_KW

Home sales in April were parallel to last month’s figures at 600 units. Sales are up 3.6% from year-ago levels, making this month the 2nd month of year-over-year sales unit increases this year. Queens Residential Home Sales increased 2% from last year, while Queens Condo home sales decreased 11.3% from last year, and Queens Coop home sales rose 13% from year ago levels.

Queens NY Home Prices

Queens_NY_Real_Estate_Market_Home_Prices_May_2013_Queens_Home_Team_George_and_Abigail_Herrera_KW

The current median home price increased 5.8% in April to a seasonally adjusted $376,000, which is up 7.4% year over year. April marks the 3rd consecutive month of year-over-year price increases, and the strongest year-over-year increase since January. Residential home prices are up 6.6% compare to this time last year. Condo home prices are up 3.2% from year ago levels. And Coop home prices are up 4.9% from this time last year. This is a result of the substantial decrease in inventory which has put pressure on home prices to rise because it has led to a rise in demand among Queens home buyers.

Queens NY Housing Inventory

Inventory levels in April decreased slightly by 1.5% to 6,280 existing homes for sale. The number of homes on the market represents a 10.1-month supply, indicating that the County as a whole is still in a buyer’s market. Inventory is down 26.8% below a year ago when there was 8,577 homes for sale. This decrease in inventory has led to rising demand, however, there is still an over-supply of Coops on the market. Residential homes are in high demand right now but there isn’t enough inventory for the buyers out there, hopefully this will get some seller’s off the fence soon as they see prices start to rise. Condos remain a popular choice for home buyers, however, they are few and far between. Condo inventory is scarce so Condo house hunters are limited in their choices. Coops remain a popular choice among first time home buyers and though there is less inventory than last year, there is still plenty of inventory out there.

Blog & Content Courtesy of George & Abigail Herrera @ Keller Williams Realty landmark II.

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

JUST LISTED: 1 BR Condo in Astoria, Queens!!! PRICE: $415K

Queens Home Team Introduces another GREAT Condo for Sale in Astoria Queens NY! 

Privacy and great views are featured in this lovely Astoria NY Condo for sale. Offered for sale by George & Abigail Herrera of the Queens Home Team @ Keller Williams Realty Landmark II. This 1 bedroom Condo is located in the sought-after community of Astoria, Queens. Full listing details at: http://www.exclusivequeenshomes.com/listing/mlsid/137/propertyid/2580536/

Located in prestigious Astoria, Queens NY and close to all of the best that Queens NYC has to offer, 30-87 38th St is a premier condominium. This Astoria NY Condo for sale offers: 

Condo Features: Balcony, Stainless Steel Appliances W/Dishwasher, Stackable Washer & Dryer, Central A/C. Storage Space Transferred W/Unit. Color Video Intercom System. Individual Gas Hot Water Heaters. Tax Abatement 15 Years. Terrace On Roof, Accessible To Residents. Prime Location 1 Block Off Steinway Street & Off 30th Ave. Within Blocks To Trains (N/W & R/G/V).

This Astoria Queens Condo is located at 30-77 38th St #3B in Astoria NY. The 30-77 38th St Condominium in Astoria NY offers something for everyone. While the average Astoria apartment gives you four walls, and nothing else, there is nothing average about the 30-77 38th St Condominium. That’s because the 30-77 38th St Condominium in Astoria NY isn’t just another building hemmed in between other buildings. It’s a carefully-planned community, that’s why 30-77 38th St condominiums are benchmarks for value and quality. Condos at the 30-77 38th St Condominium in Astoria NY are spacious, many have terraces, storage, and nice sized closets. When you live at the 30-77 38th St Condominium, you enjoy more than an apartment, you enjoy a complete lifestyle.

This 1 bedroom Astoria Queens Condo for sale is being offered at $415,000. For more information, contact George Herrera of the Queens Home Team @ Keller Williams Realty Landmark II (718) 869-0270. Full Listing details are available athttp://www.exclusivequeenshomes.com/listing/mlsid/137/propertyid/2580536/. George & Abigail Herrera are Astoria NY Realtors 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, and Multi-Family Homes in Astoria NY.
George & Abigail Herrera can be reached at the Keller Williams Realty Landmark II 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

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