ARCHIVED BLOG POSTS
2009
This co-op is located at 2949 137 St, Flushing, NY11354, on 137 St between Whitestone Expressway & 31 Road. It is a six stories building built in 1961. The maintenance $580 includes electricity, gas, water, heat and real estate tax. The location is closely to supermarkets, buses and shopping cen...
07/30/2009
This co-op is located at 3150 140 Street, Flushing, NY11354, on 140 Street between 31 Road & 31 Drive. It is a six stories building built in 1957. The unit is on first floor (not the ground floor). The maintenance $670 includes electricity, gas, water, heat and real estate tax. The location is 1...
07/29/2009
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This chart above show the activity from Jun 07 to Jun 09 for the Long Island area including Queens, Nassau & Suffolk. The real estate sale picked up for 4 consecutive months since it hit a low in Feb. I feel it is just the seasonal cycle; usually sale picked up in about Mar to Aug, then lagged t...
07/29/2009
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In Elmhurst there are too many new condos, at the pace of the first months of this year, it will take over 8 years to sell. It is a long road to recovery. Inventory as at 07/17/09: 44 units of 2-family - median asking price $772,500 (19 months inventory) 23 units of 1-family - median asking price...
07/18/2009
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Inventory level is high by comparing the current number of listings with the number that was sold in the first 6 months this year. Especially 2-family houses inventory was built up all across Queens. Inventory as at 07/17/09: 34 units of 2-family - median asking price $799,000 (51 months inventor...
07/17/2009
The volume of single family and 2-family improved from the same period last year. Inventory level is still high. Inventory as at 07/16/09: 150 units of 2-family - median asking price $659,000 (2 years supplies) 79 units of 1-family - median asking price $520,000 (15 months supplies) 31 units of c...
07/16/2009
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The market is extremely over-supplied. We are talking about years' supplies. 100% of single family and 35% of 2-family sold were foreclosure. Do you see any "Green Shoot"? Inventory as at 07/16/09: 184 units of 2-family - median asking price $659,000 (3 years supplies) 38 units of 1-family - medi...
07/16/2009
The inventory level don't look so good except single family. For co-op an average agent may need an average time of almost 3 years to sell: at this difficult time a seller should hire an experienced agent who specialized in selling co-op. Inventory as at 07/16/09: 17 units of 2-family - median as...
07/16/2009
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Based on the first six month's data, the inventory level is over 12 months. Single family and 2-family is just half the volume of same period last year. Co-op is what I specialized, the volume shrank about 33%. Inventory as at 07/15/09: 39 units of 2-family - median asking price $888,000 (18 mont...
07/16/2009
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Based on the first six month's data, the inventory level is very high and the median asking price is too high. Inventory as at 07/15/09: 18 units of 2-family - median asking price $964,000 (54 months supplies, 19% above median sale price) 32 units of 1-family - median asking price $749,000 (17 mo...
07/16/2009
