resi-sales-trends

Our friends over at PropertyShark are back to crunching numbers, this time regarding sales in Forest Hills. We used the rough neighborhood boundary of Horace Harding Expressway/62nd Avenue to the north, Flushing Meadows Park to the east, Union Turnpike to the south, and Yellowstone and Woodhaven Boulevards to the west. As you can see in the graph above, the median residential sales price in the neighborhood has remained relatively stable since 2005. The highest median price recorded, just over $300,000, was in 2010. Last year the number of sales decreased but pricing remained consistent. After the jump, more graphs show an equally stable price for condo and co-op units in the neighborhood, which level out around $250,000. 2012 saw a dip in the median price, but it was back on the upswing in the first quarter of 2013. Single- and two-family sales trends are a little less predictable, with significant sales spikes in 2008, 2010 and 2011. Since the beginning of 2012, prices for one- and two-family homes are on a steady rise, with a median price around $800,000 in the first quarter of 2013. The most expensive neighborhood sales are 105 Greenway South for $3,775,000 in 2009, 35 Greenway North for $3,500,000 in 2012 and 147 Greenway North for $3,200,000 in 2007.

Currently, the cheapest properties on the market are a studio at 97-07 67th Avenue for $100,000, another studio at 1 Station Square asking $99,000 and yet another studio at 102-12 65th Avenue also asking $99,000. The priciest properties on the market are 40 Markwood Place asking $3,300,000, 80 Slocum Crescent asking $2,380,000 and 120 Puritan Avenue asking $2,150,000. Click through to see more graphs and numbers. Check out all our previous market snapshots here.

condo-coop-trends

single-twofamily-homes

Screen Shot 2013-10-16 at 5.19.18 PM


What's Your Take? Leave a Comment