More Fourth Quarter Sales Numbers for Queens

This week the Real Estate Board of New York released its fourth quarter residential sales report. Steven Spinola, President of REBNY, states the obvious: “We’re seeing the affordability of housing in the boroughs outside Manhattan becoming more appealing to home buyers, especially if you take a look at the tremendous growth of both one-to-three family homes and coops in Brooklyn and Queens.” The number of one-to-three family home and coop sales outpaced the volume seen in the fourth quarter of last year — in Queens, sales increased 31 percent to 2,333. And the average sales price for one-to-three family dwellings in Queens rose eight percent to $541,000 compared to last year’s fourth quarter. Finally, the average sales price of a home in Queens raised three percent from the fourth quarter of 2012, up to $432,000.

The Queens neighborhoods with the most home sales in the fourth quarter were Rego Park/Forest Hills/Kew Gardens (465 sales), Flushing (430 sales), Jackson Heights/Elmhurst (414 sales) and Richmond Hill/South Ozone Park/Woodhaven (288 sales). To see the full PDF of the market report, go here.