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The Real Estate Board of New York released its third quarter numbers and found that the quarter marked the highest total residential sales values New York City has recorded since 2007 — we already knew that sales in Queens rose to a three-year high this past quarter. REBNY reports: “This was also the second consecutive quarter where increased activity in the market was not focused only in the Manhattan apartment market and prime Brooklyn areas. Sales in both Brooklyn and Queens for one-to-three family dwellings were at post-recession highs of 1,888 and 2,409 respectively.” The Queens neighborhoods that saw the most residential sales were Flushing (539), Rego Park/Forest Hills/Kew Gardens (463), Jackson Heights/Elmhurst (286) and Richmond Hill/South Ozone Park/Woodhaven (286). In Flushing, the number of condo sales more than doubled to 192 compared to the same quarter last year, with the average price rising 14 percent to $508,000. You can see a full breakdown of the numbers at this PDF report.


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