Author Topic: First Quarter Jackson Heights Real Estate Report Available  (Read 729 times)

Offline jhlifer

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First Quarter Jackson Heights Real Estate Report Available
« on: April 24, 2014, 09:58:59 PM »
The 1Q14 is available for free by subscribing at www.jhrealestatereport.com

It is the most comprehensive and detailed analysis of real estate trends in the 11372 zip code.  Here is my quick overview:

As expected, the volume of transactions fell in the first quarter, compared with the stellar results of 4Q2013.  Perhaps real estate was another victim of our prolonged winter season.  Only four houses closed in the first quarter, down about 70% from the prior and year-ago period.  Average sales prices were down for one- and three-family houses, but up for two-family units.  The 84 apartments sold in the first quarter were 45% below the fourth quarter, but up 18% over the year ago period.  The good news were that average sales prices were modestly higher across all apartment types compared with both periods.

Thus far, the spring buying season remains strong, with the dearth of inventory being the greatest challenge.  Jackson Heights remains on the radar screens of many “down-scalers from Manhattan” and Brooklynites heading north for more space and more reasonable prices.

Please contact me should you have any real estate needs.

Daniel Karatzas
The Trusted Expert for Properties in Historic Jackson Heights
Beaudoin Realty Group
www.beaudoinrealty.com
www.jhrealestatereport.com

Jackson Heights Life

First Quarter Jackson Heights Real Estate Report Available
« on: April 24, 2014, 09:58:59 PM »