Queens Real Estate Talk by queenshometeam
Queens Real Estate Market Updates, Trends, and General Information. Courtesy of the Queens Home Team at Keller Williams Realty. Ask us about our Hassle Free Listing Program which includes flexible fees, no up front costs, and you can cancel anytime...
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This Month in Queens Real Estate: APRIL 2015
by queenshometeam
Apr 20, 2015 | 2300 views | 2 2 comments | 61 61 recommendations | email to a friend | print | permalink
TMIQRE QHT Header

April 2015 Queens Real Estate Market Update

Homes sales increased in March while inventory levels remained tight. Inventory typically reaches its low point during the winter months, but the current level is well below that of last year. This led to higher than expected home price increases. While home price gains are good for homeowners, it will be important for inventory to loosen in the coming months to avoid constraining home sales and driving down affordability ahead of the potential for rising interest rates.

Month’s Supply: 6.1 Months

Last Month: 5.7 Months

Last year: 7.5 Months

 

Interest 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, 3.78%; 15-year fixed rate, 3.06%; 5/1-year adjustable rate, 2.97%.

 

Queens Home Sales

The seasonally adjusted annualized rate of Queens home sales increased 9.8% from February to March to a pace of 641 homes. Queens home sales decreased year-on-year in March and were 2.3% lower than the same month of the previous year. Specifically, Queens Residential single and multi family home sales are down .6%, Queens Condo sales are up 18.8%, and Queens Coop sales are down 10.4% from the same month last year.

Queens_Real_Estate_Market_Home_Coop_Condo_Prices_April_2015



Queens Home Prices

The median Queens home price reported by the Long Island Board of Realtors increased 1.3% in March to $405,000. Prices remain 9.5% higher than the same month of the previous year. The recent uptick in year-over-year price growth is probably due to low inventory levels across the county in recent months. Specifically, Queens Residential single and multi family home prices are up 6.3%, Queens Condo prices are up 16.7%, and Queens Coop prices are up 3.4% from the same month last year.

Queens_Real_Estate_Market_Home_Coop_Condo_Prices_April_2015



Queens Housing Inventory

The number of homes available decreased 26.2% compared to the same month of the previous year, with 4,084 Queens homes available for sale in March. This translated to 6.1 months of supply. Historically, inventory typically remains low during March due to the cool weather and then loosens as the weather warms in April. Specifically, there are currently 2,574 Residential single and multi family homes, 1,300 Coops, and 405 Condos available for sale in Queens County.



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

www.queenshomeselling.com

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April 28, 2015
If you knew that mortgage rates would go from 3.5% to 5% ahead of time, would you act faster to buy a home?

If you knew how many buyers there were flocking to Middle Village North to be in P.S. 128 school district, and to be by the M train and Juniper Park, would you continue to look at homes whenever you feel like?

Opportunity now for someone who is handy!

Triple AAA location 2 Family.

Two one families sold on 78 street, one for $700,000 and one for $725,000. So getting a TWO FAMILY WITH $1200 RENTAL INCOME for around $765k is a great deal.

Check out the Best deal on the Market today.

61-30 69 place, off Eliot Avenue, Middle Village North!

2 Family 6 over 3. Take a ride by it. See it before next Open House!

3.5% mortgage rate is not going to last forever.

Get a write off instead of paying $1700, $1800, $1900, $2000, $2100 or $2200 in rents.

Just Listed: 1 Bedroom Coop at The New Hampshire House in Forest Hills, NY 11375
by queenshometeam
Apr 17, 2015 | 2085 views | 0 0 comments | 78 78 recommendations | email to a friend | print | permalink
George & Abigail Herrera Introduce another 1br Coop for Sale at The New Hampshire House 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 and close to all of the best that Queens, New York has to offer, New Hampshire House in Forest Hills is one of the city's premier neighborhoods. This particular Coop offers:
Large 1 Bedroom In the New Hampshire House Development in Forest Hills.
Eat in Kitchen. Hard wood Floors. Upgraded Bathroom.
Community School District 28.
With a walk score of 97 most of your errands does not require a car.
Nearby Transportation with the E & F lines less than .2miles away. Near the Grand Central Pkwy. Tons of Restaurants, Groceries, Shopping centers and Parks nearby. This Home could be the right fit for you. The Seller Says:
" My favorite features of that apartment were the windows. They are big and beautiful. They helped fill the apartment with natural light all the time, and allowed a great breeze in the summer. I also loved the steam heat, it was TOASTY in the winter. Those closets were plentiful and deep as well."

This Forest Hills NY Coop is located at 110-31 73rd Rd Forest Hills, NY. The 1 Bedroom Coop for sale is being offered at $215,000. 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: 2 Bedroom Coop at the Acropolis Gardens in Astoria, NY 11105
by queenshometeam
Apr 17, 2015 | 2061 views | 0 0 comments | 73 73 recommendations | email to a friend | print | permalink
George & Abigail Herrera Introduce another 2br Coop for Sale at Acropolis Gardens in Astoria, NY!!!


Privacy, great views, and convenience are featured in this lovely Astoria 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 Astoria.

Located in prestigious Astoria and close to all of the best that Queens, New York has to offer,  Acropolis in Bayside is one of the city's premier neighborhoods. This particular Coop offers:
2 Bedroom Coop at the Acropolis Gardens Development in the neighborhood of Astoria.
Open Layout between the Living Room and Kitchen. Excellent Lighting throughout this 2 bedroom apartment.  Ample Closet space, Hardwood floors and High Ceilings. Community School District 30. With a walk score of 80, this Coop is nearby Retail Shops, Restaurants, Transportation (N & Q Train 3 Blocks away). Nearby the Astoria Park. This could be the home fit for you.

This Astoria NY Coop is located at 21-58 35th Street Astoria, NY. The 2 Bedroom Coop for sale is being offered at $309,000. 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 Astoria NY Realtors experienced in working with Residential 1-3 Family Homes, Coops, and Condos, in Astoria 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: 2 Bedroom Coop at Bay Terrace Garden in Bayside, NY 11360
by queenshometeam
Apr 17, 2015 | 1995 views | 0 0 comments | 65 65 recommendations | email to a friend | print | permalink
George & Abigail Herrera Introduce another 2br Coop for Sale at Bay Terrace Garden 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 Bayside.

Located in prestigious Bays Terrace Garden and close to all of the best that Queens, New York has to offer, Bay Terrace Garden in Bayside is one of the city's premier neighborhoods. This particular Coop offers:
Cozy 2 Bedroom Coop located in the Clearview neighborhood of Bayside, NY.  Efficiency kitchen. Living Room big enough to make a dinning room. Laundry in the Development. Courtyard located on premises. Cats are allowed.  Community School District 25. With a walk score of 71 out of 100. Nearby parks include Bay Terrace Playground, Fort Totten Park and Clearview Park. Transportation less than .5miles away. This could easily be the perfect home for you.  The Seller Says:
"Our family lived in the unit for 3 generations. We were original shareholders in the development. We loved the unit and only sold because our family outgrew the unit. The school district is excellent. The neighborhood is excellent. And the grounds outside the unit are a delight."

This Bayside NY Coop is located at 14-20 Bell Blvd Bayside, NY. The 2 Bedroom Coop for sale is being offered at $240,000. 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 Bayside NY Realtors experienced in working with Residential 1-3 Family Homes, Coops, and Condos, in Bayside 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: 2 Family Home in Far Rockaway Queens at 15-21 New Haven Avenue!
by queenshometeam
Apr 02, 2015 | 4005 views | 0 0 comments | 193 193 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 | 4049 views | 0 0 comments | 171 171 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 | 14432 views | 0 0 comments | 216 216 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 | 21308 views | 0 0 comments | 169 169 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 | 5103 views | 0 0 comments | 153 153 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 | 5867 views | 0 0 comments | 172 172 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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