Market condition in Kew Garden Hills, NY11367

Sale of condo & co-op show improvement over last year. Inventory level is high except condo.

Inventory as at 05/06/10:

10 units of 2-family - median asking price $739,000 (30 months supply)*

29 units of 1-family - median asking price $595,000 (17 months supply)*

17 units of condo - median asking price $319,000 (7 months supply)*

179 units of co-op - median asking price $189,000 (19 months supply)*

*Based on the closings in the first quarter 2010.

Units closed in the first quarter 2010:

1 units of 2-family - median selling price $500,000

5 units of 1 family - median selling price $440,000

7 units of condo - median selling price $270,000

28 units of co-op - median selling price $164,000

Units closed in the first quarter 2009:

2 units of 2-family - median selling price $585,000

4 units of 1-family - median selling price $467,500

0 unit of condo - median selling price $195,000

8 units of co-op - median selling price $184,000

Source: MLS of Long Island

Disclaimer: Data represented transactions reported to MLS only, it didn't reflect all transactions in the area.