This Month in Bayside Real Estate: August 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 Bayside Real Estate: July 2013

Bayside NY Real Estate Market:  Snapshot

 

Bayside NY Real Estate Market:  Home Sales

 

Bayside NY Real Estate Market: Home Prices

 

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 Bayside Real Estate: April 2012

Bayside Real Estate Market Update: April 2012

The Bayside real estate market experienced a 3% decrease in March. The median home sale price overall for March was $426,000 which is down from $440,000 in 2011 and up from $400,000 2 years ago. There are currently 548 Homes for sale in Bayside. Of the current available inventory, the median list price is $299,000 and the median home sale price is $426,000. This could mean that there are a lot of Coops that are sitting on the market and not selling.

The median home sale price for Residential (Single/Multi-Family) Bayside Homes in March was $656,000 in March. That’s down from $685,000 last year and up from $650,000 2 year ago. This could mean that the home values are still shifting, however, the positive economic outlook should begin to stabilize those prices.

The median home sale price for Bayside Condos in March was $458,000. This is down from 466,250 in 2011 and also down from $483,000 2 years ago. Based on this information, it looks like the values of Bayside Condos may be dipping, but you would need to review a Comparative Market Analysis for your specific neighborhood to be certain.

The median home sale price for Bayside Coops in March was $200,000. That’s down from $216,000 last year also down from $217,000 2 years ago. Based on this information, it looks like Bayside Coop values are relatively stable but may still be depreciating. In any case, you would need to review a Comparative Market Analysis to get a more accurate outlook of your specific neighborhood.

All in all, the Bayside real estate market is slowly appreciating. Overall we have seen a low point of $395,000 and a high point of $459,000 in the last 2 years. So, if you’re thinking of selling your Bayside home, or if you are just curious what your home is worth, you should request a comparative market analysis for your home and see exactly where your home stands in today’s market.

For more Queens real estate market information, visit: www.abigailSELLS.com – Call:718-475-2742 – or Text: 718-968-5538

This blog brought to you by Abigail Herrera

Lic. RE Salesperson | Internet Marketing Specialist | Certified Buyer Representative

your friend. your neighbor. your Realtor.

This Month in Bayside Real Estate: March 2012

Bayside Market Update: March 2012

The Bayside real estate market experienced a 2% increase in February. Compared to this time last year, Median home sale prices of all property types increased from $442,500 to $450,000. Over the last 2 years the Bayside Market has seen a low of $399,000 (May 2010) and a high of $462,000 (November 2011). 2 years ago the median home sale price in Bayside was $410,000 which is $40,000 less than last month, so it looks like the values are slowly appreciating.

• Residential median home sale prices decreased from $686,500 to $660,000
• Condo median home sale prices decreased from $473,500 to $465,000
• Co-Op median homes sale prices decreased from $220,000 to $200,000

What this means for prospective Bayside Home Buyers?

If you’re looking to buy a Residential (single/multi-family) home or Condo in Bayside, it is still a good time to buy. Prices are relatively stable and rates are still at historic lows so you still have a wonderful opportunity to buy a home or Condo in Bayside.

If you’re looking to buy a Co-Op in Bayside, you may be able to get a GREAT deal! Bayside Coops saw the largest decline in median home sale prices so you may want to get out there, view some homes, and see what you can get… You may be pleasantly surprised!  

What this means for Bayside Home Sellers?

If you are a Bayside Residential (Single/Multi-Family) home or Condo owner, your home may not have changed in value much this year over last. The good news is that you have a great opportunity to move up because interest rates are still low and housing affordability is as well. Prices are expected to remain relatively stable so if you are waiting for your home’s value to go up, you may be waiting through 2012.

 

If you are a Bayside Co-Op owner, your home’s value may have declined significantly. So, I recommend that you receive a free Comparative Market Analysis in order to see where you home actually stands and to make sure that you sell before your value declines too much more.

Regardless of your situation, you may have experienced an increase/decrease in your home’s value. So, it is important that you review a Comparative Market Analysis and stay current with local Bayside real estate market trends regularly to see what your home is worth on a month-to-month basis. 

For more Bayside real estate market information, visit: www.abigailSELLS.com

Call:718-475-2742 – or Text: 718-968-5538

This blog brought to you by Abigail Herrera with Keller Williams Realty Landmark.

Lic. RE Salesperson | Internet Marketing Specialist | Certified Buyer Representative

your friend. your neighbor. your Realtor.

This Month in Bayside Real Estate: February 2012

Bayside Market Update: February 2012

The Bayside real estate market experienced a 45% decline in January. Median home sale prices, of all property types, fell from $455,000 (January 2011) to $250,000 (January 2012). Residentialmedian home sale prices increased from $660,000 to $697,500; Condo median home sale prices decreased from $452,500 to $560,000; and Co-Op median homes sale prices decreased from$205,000 to $195,000.

What this means for Bayside Home Buyers?

If you’re looking to buy a residential (single/multi-family) home or Condo in Bayside, you may want hurry because the home values are appreciating in Bayside, which means that you may find yourself unable to afford the home you want if you wait too long. Bayside Co-Ops have seen a slight drop in home values and they continue to depreciate so if you are looking into buying a Bayside Co-Op, there’s probably no better time than now!

What this means for Bayside Home Sellers?

Though the market in general is depreciating, it’s showing signs of stabilization and even appreciation in residential home values. The market should remain relatively stable throughout 2012 so if you’re waiting for your home’s value to go up, it may take a while. The good news is that even if you lose some equity on your home sale, you will most likely gain much more on the purchase of your next home, but only if you get in while the values & rates are still this low. If you’re a Bayside Co-Op owner, you may have experienced a decrease in your home’s value so you should review a Comparitive Market Analysis to see what your home is worth now and read this blog monthly to keep up with the market.

For more Bayside real estate market information, visit: www.abigailSELLS.com – Call:718-475-2742 – or Text: 718-968-5538

Abigail Herrera

Lic. RE Salesperson

Keller Williams Realty Landmark

32-55 Francis Lewis Blvd.

Bayside, NY 11358

your friend. your neighbor. your Realtor.