Queens Real Estate Market Blog by queenshometeam
...Courtesy of George and Abigail Herrera w/the Queens Home Team at Keller Williams Realty Landmark II..
Jul 16, 2015 | 25025 views | 0 0 comments | 51 51 recommendations | email to a friend | print | permalink

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Just Listed: 2 Family Home in Far Rockaway Queens at 15-21 New Haven Avenue!
by queenshometeam
Apr 02, 2015 | 7675 views | 0 0 comments | 213 213 recommendations | email to a friend | print | permalink

George & Abigail Herrera Introduce another 2 Family Home for Sale in Far Rockaway, NY!!!

Privacy, great views, and convenience are featured in this lovely Far Rockaway 2 Family Home for Sale. Offered for sale by George Herrera, Abigail Herrera, and the Queens Home Team at Keller Williams Realty. This 2 Family Home is located in the sought-after community of Far Rockaway.

Located in prestigious Far Rockaway and close to all of the best that New York City has to offer, this 2 Family Home in Far Rockaway is one of the city’s premier neighborhoods. This particular 2 Family Home offers:

Full Basement w/Laundry Room, Half Bath and Storage.
1st Floor has 3 Bedrooms, Full Bath, Living Room, Dinning Room & Eat in Kitchen.
2nd Floor has 2 bedrooms, Full bath, Living Room w/Eat in Kitchen.
Private Driveway.
Community School District 27.
With a Walk score of 85.
.5 Miles from the A train.
Nearby parks include Lanett Playground, O’Donohue Park and Beach 17th Street Playground.
Sold as is, Sight Unseen. Tenant Occupied. DO NOT DISTURB TENANT

This 2 Family Home is located at 15-21 New Haven Avenue, Far Rockaway ,NY. The 5 Bedroom, 2BTH, 2 Family Home for sale is being offered at $300,000. For more information, contact George Herrera, Abigail Herrera, or the Queens Home Team at Keller Williams Realty Landmark II at: (347)846-1178.

George & Abigail Herrera are local  Far Rockaway, NY Realtors experienced in working with Residential 1-3 Family Homes, Coops, and Condos, in Far Rockaway, NY. George, Abigail, and the Queens Home Team can be reached at the Keller Williams Realty Landmark II office which is located at 75-35 31st Ave, Ste 202, East Elmhurst, NY 11370.

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Just Listed: 3 Family Home For Sale at 19-08 81st St in East Elmhurst Queens!
by queenshometeam
Mar 30, 2015 | 6685 views | 0 0 comments | 184 184 recommendations | email to a friend | print | permalink

George & Abigail Herrera  Introduce another Three Family for Sale at 19-08 81st St in East Elmhurst, Queens NY!!!

Privacy, great views, and convenience are featured in this lovely East Elmhurst 3 Family Home for Sale. Offered for sale by George Herrera, Abigail Herrera, and the Queens Home Team at Keller Williams Realty. This 3 Family Home is located in the sought-after community of East Elmhurst.

Located in prestigious East Elmhurst and close to all of the best that New York City has to offer, this 3 Family Home in East Elmhurst is one of the city’s premier neighborhoods. This particular 3 Family Home offers:Large 4,500 Sq Ft Corner 3 Family Brick Semi Attached House for Sale. Private Driveway that fits up to 3 Cars, with Garage that fits 2 Cars. Full Basement not finished. Hot water and Heater Boiler Room. 2 Closets. 1st Floor with 1 bedroom, 1 bathroom, Kitchen and Living Room. 2nd and 3rd floor are L-Shaped apartments. Efficiency kitchenette with Living room and Dining Room. Front Terrace. Master Bedroom with Full Bathroom. Second bedroom have built in closets. Full bathrooms. Lining Closets are located in the hallway. Backyard Terrace. Property is tenant occupied, but will be delivered vacant. Projected rent roll is $5,500/mo. Community School District 30.

This 3 Family Home in East Elmhurst is located at 19-08 81st Street in East Elmhurst,NY. The 5 Bedroom, 5BTH, 3 Family Home for sale is being offered at $999,000. For more information, contact George Herrera, Abigail Herrera, or the Queens Home Team at Keller Williams Realty Landmark II at: (718) 968-5538.

George & Abigail Herrera are local East Elmhurst, NY Realtors experienced in working with Residential 1-3 Family Homes, Coops, and Condos, in East Elmhurst, NY. George, Abigail, and the Queens Home Team can be reached at the Keller Williams Realty Landmark II office which is located at 75-35 31st Ave, Ste 202, East Elmhurst, NY 11370.

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Coming Soon: 3 Family Brick Residential Home in East Elmhurst. ASKING $999,000
by queenshometeam
Mar 24, 2015 | 16738 views | 0 0 comments | 227 227 recommendations | email to a friend | print | permalink

George & Abigail Herrera Will Introduce another 3 Family for Sale in East Elmhurst NY!!!

Privacy, great views, and convenience are featured in this lovely East Elmhurst 3 Family Home for Sale. Offered for sale by George Herrera, Abigail Herrera, and the Queens Home Team at Keller Williams Realty. This 3 Family Home is located in the sought-after community of East Elmhurst.

Located in prestigious East Elmhurst and close to all of the best that New York City has to offer, this 3 Family Home in East Elmhurst is one of the city’s premier neighborhoods. This particular 3 Family Home offers: Large 4,500 Sq Ft Corner 3 Family Brick Semi Attached House for Sale. Private Driveway, with Garage that fits 2 Cars. Full Basement not finished. Hot water and Heater Boiler Room. 2 Closets. 1st Floor with 1 bedroom, 1 bathroom, Kitchen and Living Room. 2nd and 3rd floor are L-Shaped apartments. Efficiency kitchenette with Living room and Dining Room. Front Terrace. Master Bedroom with Full Bathroom. Second bedroom have built in closets. Full bathrooms. Lining Closets are located in the hallway. Backyard Terrace

This 3 Family Home in East Elmhurst is located at 19-08 81st Street in East Elmhurst,NY. The 5 Bedroom, 5BTH, 3 Family Home for sale is being offered at $999,000. For more information, contact George Herrera, Abigail Herrera, or the Queens Home Team at Keller Williams Realty Landmark II at: (718) 968-5538.

George & Abigail Herrera are local East Elmhurst, NY Realtors experienced in working with Residential 1-3 Family Homes, Coops, and Condos, in East Elmhurst, NY. George, Abigail, and the Queens Home Team can be reached at the Keller Williams Realty Landmark II office which is located at 75-35 31st Ave, Ste 202, East Elmhurst, NY 11370.

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Just Listed Single Family Brick Home for Sale in Briarwood NY. Asking $750k
by queenshometeam
Mar 20, 2015 | 25167 views | 0 0 comments | 176 176 recommendations | email to a friend | print | permalink

George & Abigail Herrera Introduce another Single Family Home for Sale in Kew Garden Hills NY!!!

 

Privacy, great views, and convenience are featured in this lovely Kew Garden Hiils One Family Home for Sale. Offered for sale by George Herrera, Abigail Herrera, and the Queens Home Team at Keller Williams Realty. This 1 Family Home is located in the sought-after community of Kew Garden Hills.

Located in prestigious Kew Garden Hills and close to all of the best that New York City has to offer, this Single Family Home in Kew Garden Hills is one of the city’s premier neighborhoods. This particular 1 Family Home offers: Beautiful One Family Brick Home in Briarwood. Fully renovated. 1st floor featuring; Living room w/fireplace, formal dining room, eat in kitchen w/stainless steel appliances, & half bath. 2nd fl feat: Spacious master bedroom w/full bath, 2 Bedrooms w/built in closets & plenty of sunlight, & additional Full bathroom. Finished basement w/laundry room, & full bath. Private drive way & backyard fits up to 8 cars. Easy access to the Grand Central Pkwy, Union Turnpike and Jackie Robinson Pkwy.  Within a quarter mile to Bus lines Q44, Q20B, QM1 and many more. F and E train is .5miles away. Nearby Main Street Cinemas & Kew Garden Cinemas for an Entertaining night or weekend out. With a walk score of 86, you can accomplish most of your errands nearby. Community School District 28.

This Briarwood Single Family is located at 81-08 Main Street in Kew Garden Hills NY. The 3 Bedroom 3.5 BTH 1 Family Home for sale is being offered at $750,000. For more information, contact George Herrera, Abigail Herrera, or the Queens Home Team at Keller Williams Realty Landmark II at: (718) 968-5538. Full details are available at: http://www.exclusivequeenshomes.com/listing/mlsid/137/propertyid/2745822.

George & Abigail Herrera are local Kew Garden Hills NY Realtors experienced in working with Residential 1-3 Family Homes, Coops, and Condos, in Kew Garden Hills NY. George, Abigail, and the Queens Home Team can be reached at the Keller Williams Realty Landmark II office which is located at 75-35 31st Ave, Ste 202, East Elmhurst, NY 11370.

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This Month in Queens Real Estate: MAR 2015
by queenshometeam
Mar 16, 2015 | 9494 views | 0 0 comments | 160 160 recommendations | email to a friend | print | permalink

TMIQRE QHT Header

March 2015 Queens NY Market Update

Homes sales declined in February on a monthly basis, and continued to show declines year-over-year. Prices followed a similar pattern as the sales, posting a monthly decrease, however, prices remain well above the previous year’s levels. Inventory tightened slightly coming out of February and things have remained very tight with winter being the usual lowpoint for the year. However if inventory remains low moving into the warmer months, it could constrain home sales even further and cause larger price increases.

Month’s Supply: 5.7 Months

Last Month: 5.6 Months

Last year: 7 Months

*Month’s supply over 6 months is said to favor buyers, month’s supply below 6 months is said to favor sellers, and month’s supply of 5-6 months is said to be a balanced market.



Interest Rates

rates

30-year rates remain below 4% but have begun to trend back upward after dropping in the second half of last year amid concerns around the global economy. Currently, Freddie Mac reports the following figures: 30-year fixed rate, 3.76%; 15-year fixed rate, 3.05%; 5/1-year adjustable rate, 2.97%.



Queens NY Home Sales

queens real estate market report _home sales march 2015

The seasonally adjusted annualized rate of Queens home sales declined from January to February to a pace of 564 homes, a 3.3% decline. Queens home sales were 1.4% lower than the same month of the previous year, with February making eleven months in a row of year-over-year decreases. Residential home sales are up 6.4%, Condo sales are down 31.1%, and Coop sales are down 3.7% from the same time last year.



Queens NY Home Prices

queens real estate market report _home prices march 2015

The median home price for Queens reported by the Long Island Board of Realtors declined 4.7% in February to $405,000. Queens Home Prices, however, remain 9.6% higher than the same month of the previous year. The consistent rise in year-over-year price growth is probably due to low inventory levels in the last 12 months. Residential home prices are up 9.3%, Condo home prices are up 11%, and Coop prices are up 2.4% from this time last year.



Queens NY Housing Inventory

 

The number of homes available decreased 27% compared to the same month of the previous year, with 3,902 Queens’ homes available for sale in February. This translated to 5.7 months of supply. Inventory will likely remain low during the cooler months of the year and then loosen as the weather warms. Still Inventory levels are extremely low, and the low inventory is continuing to drive price increases across the county. With the Spring market right around the corner, we may see a large amount of pent up demand hit the market soon, otherwise, we will likely see the same market conditions persist for most of the year.

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

BUY: http://www.exclusivequeenshomes.com | SELL: http://www.queenshomeselling.com

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Just Listed: 1 Bedroom Coop For Sale at Station Square in Forest Hills, NY 11375
by queenshometeam
Mar 12, 2015 | 9248 views | 0 0 comments | 179 179 recommendations | email to a friend | print | permalink
George & Abigail Herrera Introduce another 1br Coop for Sale at Station Square in Forest Hills NY!!!



Privacy, great views, and convenience are featured in this lovely Forest Hills Coop for Sale. Offered for sale by George Herrera, Abigail Herrera, and the Queens Home Team at Keller Williams Realty. This Property is located in the sought-after community of Forest Hills.

Located in prestigious Forest Hills Gardens and close to all of the best that Queens, New York has to offer, Station Square in Forest Hills is one of the city's premier neighborhoods. This particular Coop offers: Cozy 1 Bedroom Located By 71st & Continental Shopping & Enjoyment! Building Is 1 Block To Transportation, Retail Shopping, Restaurants, And Entertainment. Location, location, location. Austin St, Continental Ave, and Forest Hills Gardens! A windowed kitchen with white cabinets, stainless steel appliances, a beautiful bathroom, large windows, and many closets galore. This 1 bedroom Coop has beautiful wood floors and is in great condition. Community School District 28. 2 Dartmouth St is a prewar building 1 block from the LIRR, E/F/M/R Trains, Q23 Bus, Restaurants, Theaters, and Austin Street shopping. This could easily be the perfect Home for you. 20% down payment required for potential buyers. 

This  Forest Hills NY Coop is located at 2 Dartmouth St, Forest Hills, NY. The 1 Bedroom Coop for sale is being offered at $169,000. For more information, contact George Herrera, Abigail Herrera, or the Queens Home Team at Keller Williams Realty Landmark II at: (347) 921-0895. Full details are available at: http://www.exclusivequeenshomes.com/featuredlistings

George & Abigail Herrera are local Forest Hills NY Realtors experienced in working with Residential 1-3 Family Homes, Coops, and Condos, in Forest Hills NY. George, Abigail, and the Queens Home Team can be reached at the Keller Williams Realty Landmark II office which is located at 75-35 31st Ave, Ste 202, Queens, NY 11370.
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JUST LISTED: 2br Coop For Sale at Windsor Oaks in Bayside, NY!
by queenshometeam
Mar 06, 2015 | 11605 views | 0 0 comments | 197 197 recommendations | email to a friend | print | permalink
George & Abigail Herrera Introduce another 2br Coop for Sale at Windsor Oaks in Bayside NY!!!



Privacy, great views, and convenience are featured in this lovely Bayside Coop for Sale. Offered for sale by George Herrera, Abigail Herrera, and the Queens Home Team at Keller Williams Realty. This Property is located in the sought-after community of Windsor Oaks.

Located in prestigious Oakland Gardens and close to all of the best that Queens, New York has to offer, Windsor Oaks in Bayside is one of the city’s premier neighborhoods. This particular Coop offers: Renovated 2 Bedroom, 1 Bath Garden Style Corner Unit Coop On 2nd Floor at Windsor Oaks in Bayside NY 11364. Located within the Court Yard. Features Pass Through Window Between Kitchen & Living Room Which Allows For Easy Entertaining. Hard Wood Floors, Attic Storage with a drop down ladder. Parks, Groceries, Schools, Restaurants within a quarter mile. Two blocks from Bell Blvd and Springfield Blvd. Easy access to the Union Turnpike. School District 26.

This Bayside NY Coop is located at 219-40 75th Avenue #241A2 in Bayside NY. The 2 Bedroom Coop for sale is being offered at $220,000. For more information, contact George Herrera, Abigail Herrera, or the Queens Home Team at Keller Williams Realty Landmark II at: (347) 921-0895. Full details are available at: http://www.exclusivequeenshomes.com/listing/mlsid/137/propertyid/2742164

George & Abigail Herrera are local Bayside NY Realtors experienced in working with Residential 1-3 Family Homes, Coops, and Condos, in Forest Hills NY. George, Abigail, and the Queens Home Team can be reached at the Keller Williams Realty Landmark II office which is located at 75-35 31st Ave, Ste 202, Queens, NY 11370.



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JUST LISTED: 2br 2bth Coop for Sale at the Mayflower in Forest Hills NY
by queenshometeam
Mar 05, 2015 | 11888 views | 0 0 comments | 213 213 recommendations | email to a friend | print | permalink
George & Abigail Herrera Introduce another 2br 2bth Coop for Sale at the Mayflower in Forest Hills NY!!!



Privacy, great views, and convenience are featured in this lovely Forest Hills Coop for Sale. Offered for sale by George Herrera, Abigail Herrera, and the Queens Home Team at Keller Williams Realty. This Property is located in the sought-after community of the Mayflower.

Located in prestigious Forest Hills and close to all of the best that New York City has to offer, the Mayflower in Forest Hills is one of the city’s premier neighborhoods. This particular Coop offers: Renovated 2 Bedroom, 2 Full Bath, Coop With Terrace On 5th Floor at the Mayflower in Forest Hills NY. Only .3 miles from E, F, M, R, and LIRR. 98 Walk Score. Feat.  Hardwood Floors, High Ceilings, Raised Dining Area, Open Layout Living Room, Large Foyer. Kitchen Feat: Stainless Steel Appliances. Lovely Views From Private Terrace. Doorman Bldg, Laundry, Storage, Pvt Garage. . Nearby Retail Shops, Restaurants, Entertainment. School District 28

This Forest Hills NY Coop is located at 69-10 Yellowstone Blvd unit #517 in Forest Hills NY. The 2 Bedroom 2 BTH Coop for sale is being offered at 525,000. For more information, contact George Herrera, Abigail Herrera, or the Queens Home Team at Keller Williams Realty Landmark II at: (347) 921-0895. Full details are available at: http://www.exclusivequeenshomes.com/listing/mlsid/137/propertyid/2741832

George & Abigail Herrera are local Forest Hills NY Realtors experienced in working with Residential 1-3 Family Homes, Coops, and Condos, in Forest Hills NY. George, Abigail, and the Queens Home Team can be reached at the Keller Williams Realty Landmark II office which is located at 75-35 31st Ave, Ste 202, East Elmhurst, NY 11370.

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This Month in Queens Real Estate: FEB 2015
by queenshometeam
Feb 16, 2015 | 8612 views | 1 1 comments | 256 256 recommendations | email to a friend | print | permalink
TMIQRE QHT Header


February 2015 Queens NY Market Update 

Home sales continued to decrease in January, significantly below last year, however, inventory ticked up slightly. In response to the low inventory levels and low interest rates, prices increased on a monthly basis; however, the yearly increase remained in the 4%–6% range for the third consecutive month now, a positive sign that home price growth has stabilized at a more sustainable level. Recently announced programs aimed at increasing credit accessibility to first-time home buyers and low-to-moderate income borrowers will likely stimulate market demand for Queens’ homes in 2015.

Month’s Supply: 5.6 Months – Last Month: 5.5 Months – Last Year: 6.6 Months

*Month’s supply over 6 months is said to favor buyers, month’s supply below 6 months is said to favor sellers, and month’s supply of 5-6 months is said to be a balanced market.
 
 
 



Interest Rates

Queens_NY_Interest_Rates

30-year rates remain below 4% after dipping in December due to concern surrounding the global economy and Europe. Currently, Freddie Mac reports the following figures: 30-year fixed rate, 3.63%; 15-year fixed rate, 2.93%; 5/1-year adjustable rate, 2.83%.



Queens NY Home Sales

Queens_NY_Real_Estate_Market_Home_Sales_February_2015

The seasonally adjusted annualized rate of home sales for Queens County decreased year-over-year for a tenth consecutive month in January to reach 567 homes, coops, and condos sold. The pace of sales decreased 24.7% below last month’s sales pace, and was 16.4% below the same month of the previous year. The current accommodative interest rates will hopefully support stronger sales in the near future. Residential 1-3 family home sales are down 14.7%, Condo sales are down 20.3%, and Coop sales are down 17.7% from the same time last year.



Queens NY Home Prices

Queens_NY_Real_Estate_Market_Home_Prices_February_2015

The median home price for Queens County in January was $420,000, according to the Long Island Board of Realtors. This was 5% above the previous month and 13.5% above the previous year. This was the seventh consecutive month of year over year increases in home prices. Residential 1-3 family home prices are up 14.8%, Condo prices are down 3.4%, and Coop prices are up 10.5% from the same time last year.



Queens NY Housing Inventory

Queens_NY_Real_Estate_Market_Home_Sale_Trends_February_2015

The number of homes available decreased 25.3% compared to the same month of the previous year, with 3,989 Queens homes available for sale in January. This translated to 5.6 months of supply. The decrease in pace of sales is adding to already tightening inventory conditions so inventory will likely remain low during the cooler months of the year, and then loosen as the weather warms.

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

BUYwww.exclusivequeenshomes.com | SELLwww.queenshomeselling.com

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godfather
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February 23, 2015
The Middle Village area is still one of the hottest areas going up in Value not decreasing.

Top rated schools, pre-schools, Express buses to Manhattan, a ten block long park and more stores to shop than many other areas.

Some buyers make it a career going to Open Houses. After six months time, the same home has gone up by $10,000 to $50,000 in a hot area. The one important question to ask when at an Open House is, Show me the comps, sold homes in the same area, to give you a guideline on prices. Also key point, better to buy a home that has old rugs, panelling, and antiquated kitchens and baths as long as it is located in Triple AAA area. (Schools, Transportation, etc.) Buying a home with new inexpensive cheap kitchens, bathrooms, just because it is in move in condition, is something you may regret. And you probably will be paying $50,000 to $75,000 more to.

One extra important note for buyers. Try to buy before spring actually arrives. Otherwise you have 10's the competition looking for the same home. Serving the MIDDLE VILLAGE area for 36 years. Look for 'SUNDAY' Open House ads beginning on Fridays. Try Trulia, Craigslist, and Zillow.

JIM TURANO-BROKER-DIVERSE REAL ESTATE WITH 36 YEARS OF EXPERIENCE IN THE COMMUNITY!

THANK YOU!

Queens Home Team Awarded Top Team at Keller Williams Realty Landmark II for Most Units Sold in 2014!
by queenshometeam
Jan 29, 2015 | 10216 views | 0 0 comments | 352 352 recommendations | email to a friend | print | permalink

The Queens Home Team at Keller Williams Realty, led by George & Abigail Herrera, were recently honored at the Keller Williams Realty Landmark II awards ceremony in Astoria, NY. Out of 160 Agents, Queens Home Team was awarded top team for units sold.

2014 was a great year for the Queens Home Team and Keller Williams Realty as a whole. With two offices in Jackson Heights and North Flushing, the 400 Keller Williams’ associates representing Keller Williams Realty in Queens have been working hard to remain at the top of the Queens’ real estate office rankings. As a result, Keller Williams Realty Landmark I finished the year as the top selling real estate office in all of Queens. Keller Williams Realty Landmark II was not far behind, coming in at #6 on the list. Altogether, both Keller Williams Realty Offices finished the year in the top 10 out of more than 1,000 real estate offices in Queens.

At the annual award ceremony honoring the top selling agents and teams from Keller Williams Realty Landmark I & II, hundreds of KW Associates were in attendance. Awards for Associates ranged from Silver ($2-$4 Million in Sales Volume), Gold ($4-$9 Million in Sales Volume), Double gold ($10-$14 Million in Sales Volume), Platinum ($15-$19 Million in Sales Volume), and Diamond ($20 Million in Sales Volume).

The Queens Home Team, who sold 53 homes in 2014, was awarded the Platinum award for closing $15 – $19 million in sales volume. This award places the Queens Home Team among the very top performers in all of Keller Williams Realty in Queens, NY. Being that the team was established in September, 2013 and has only been working together for a few years, the award speaks volumes to their success.

Leaders of the pack, George & Abigail Herrera, stated “Our goal every year is to help twice as many people as they year before. We don’t focus on prices, and we don’t focus on commissions. If we focus on helping people and delivering gret service, the rest will fall into place”.

The Queens Home Team now consists of 5 team members, and they are building on their momentum from 2014 to reach their goal of helping 100 fmailies in 2015. For more information or to contact the Queens Home Team at Keller Williams Realty, visit:www.queenshometeam.com

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