REAL ESTATE
Four Queens neighborhoods make top fi ve in NYC where home prices rose most
BY SUZANNE MONTEVERDI
smonteverdi@qns.com / @smont76
Queens neighborhoods dominated a
list of the top fi ve New York City neighborhoods
Sales in Queens HOMES COOPS CONDOS Listings and photos courtesy MLSLI
NORTHEAST NORTHWEST SOUTHEAST SOUTHWEST
WHITESTONE ASTORIA ROSEDALE FOREST HILLS
Under $500,000
136-05 Sanford Ave., Flushing
$379,000
Co-op
2 bedrooms, 1 bathroom
Billy Geng
Winzone Realty
$500,000-900,000
22-38 126th St., College Point
$780,000
2-story Colonial
4 bedrooms, 3 bathrooms
Bao Xian Chen
Century Homes Realty Group
Over $900,000
147-19 6th Ave., Whitestone
$949,000
1-family ranch
3 bedrooms, 2 ½ bathrooms
Charles Chul Chang
Exit Realty Team
Under $500,000
69-07 43rd Ave., Woodside
$410,000
Condo
2 bedrooms, 2 bathrooms
Moinul Islam
Mega Homes Realty
$500,000-900,000
30-13 37th St., Astoria
$899,000
1-family duplex
3 bedrooms, 1 bathroom
Bianca Colasuonno
NY Space Finders Inc
Over $900,000
47-32 45th St., Sunnyside
$1,748,888
6-family apartment house
12 bedrooms, 6 bathrooms
Nora Avalos
NY Superior Realty
Under $500,000
255-27 148th Rd., Rosedale
$479,990
1-family cape
4 bedrooms, 1 bathroom
Kenny Kamil Sattaur
RE/MAX Southshore Realty
$500,000-900,000
111-26 204th St., Hollis
$599,000
1-family Colonial
4 bedrooms, 2 ½ bathrooms
Pedro Salas
Great Success Realty
Over $900,000
160-15 84th Ave., Jamaica Hills
$950,000
2-family Tudor
4 bedrooms, 3 bathrooms
Nicholas Khan
RE/MAX 2000
Under $500,000
131-06 135th Pl., South Ozone Park
$439,000
1-family Colonial
3 bedrooms, 2 bathrooms
Dharam Sibadan
Action Sibadan Real Estate
$500,000-900,000
104-31 90th Ave., Richmond Hill
$750,000
2-family townhouse
7 bedrooms, 3 bathrooms
Carmen Lopez
Core Realty Success
Over $900,000
70-50 Manse St., Forest Hills
$1,080,888
1-family Colonial
3 bedrooms, 2 ½ bathrooms
Jeff rey Middleman
Keller Williams Realty Greater
that saw the sharpest uptick in
home sales prices.
Taking the No. 1 spot on the report
compiled by StreetEasy was Jamaica
Estates. In this neighborhood, median
home sale prices rose “an astronomical
186 percent” in the third quarter of 2017
when compared with the market at the
same time last year.
Th e eastern Queens locale — which
may have seen a boost in part to its connection
to President Trump — had a
median sales price of $435,440 last quarter.
Th e community also appeared on
StreetEasy’s list of the city’s top 10 neighborhoods
to watch in 2016 due to its
healthy population growth, low prices
and access to transportation networks.
“Clearview” (a section encompassing
Bayside/Bay Terrace) came in at No. 2.
Th e neighborhood saw a 132 percent
change in median sales prices. Homes
sold for an average of $650,000 in this
eastern Queens locale.
No. 3 on the list was Little Neck. With
more than 80 homes sold last quarter at a
median sales price of $607,500, the neighborhood
bordering with Nassau County
has homes spanning a wide range of price
points.
Finally, Elmhurst clocked in at No. 5.
Th e fi rst western Queens neighborhood
on the list, Elmhurst saw a less dramatic
median sales price increase (69.7 percent)
but saw the most recorded sales last
quarter with 126. Th e area’s mixed housing
stock and proximity to subways make
it an appealing option.
According to StreetEasy, the rising prices
are not necessarily an indication that
the value of all homes in the area has gone
up, but rather there’s a “changing landscape”
when it comes to the area’s real
estate scene.
StreetEasy Senior Economist Grant
Long said the spikes could be caused by a
number of diff erent factors.
“Th e price of homes in a neighborhood
can go up for many reasons,” Long
said. “For example, the value of existing
homes in the area may have gone up; bigger
homes may be for sale in the area; or
newer, more upscale homes may be on
the market.”
For the report, the real estate site looked
at areas in New York City where closing
prices rose the most compared to last
year, or from the third quarter of 2016 to
the same period in 2017.
View the full report at www.streeteasy.
com.
Photo via Wikimedia Commons/Mets501
A street in Little Neck, Queens.