Kin Tsui

Median Prices in all Long Island Area are going down further comparing to last year:

................ Nov 2008 .... Nov 2007

Queens ... $390,000 ... $417,800 (-6.65%)

Nassau ... $410,000 ... $461,500 (-11.16%)

Suffolk ... $335,000 ... $387,300 (-13.50%)

There are less inventory, but transactions are less comparing to last year & last month:

..................... Inventory ...................... Units in contract ............. Months Supply

................ 11/08 ..... 11/07 ........ 11/08 .... 10/08 ...... 11/07

Queens .... 11238 ..... 11619 .......... 437 ........ 572 ......... 568 ............. 25.7

Nassau ....... 9711 ...... 9856 .......... 576 ........ 689 ......... 702 ............. 16.9

Suffolk .... 13656 ..... 14373 .......... 658 ....... 828 ........ 744 .............. 20.8

Source: Long Island Board of Realtors

Median Price in Queens on closed properties in October 2008 dropped 14.2% comparing to October last year. Inventory level is slightly less than last October.

.... Oct 2008 .... Oct 2007

Queens ... $385,000 ... $448,500 (-14.2%)

Nassau ... $425,000 ... $474,000 (-10.3%)

Suffolk ... $345,000 ... $385,000 (-10.4%)

..................... Inventory ...................... Units in contract .................. Months Supply

................ 10/08 ..... 10/07 ........ 10/08 .... 09/08 ...... 10/07

Queens .... 11303 ..... 11553 .......... 572 ........ 690 ......... 697 ............. 19.8

Nassau .... 9929 ..... 10036 .......... 689 ........ 828 ......... 791 ............. 14.4

Suffolk .... 13989 ..... 14621 .......... 828 ......... 912 ........ 902 .............. 16.9

Source: Long Island Board of Realtors

Inventory as at 9/28/08

44 units of 2 family - median asking price $953,500

25 units of 1 family - median asking price $698,000

48 units of condo - median asking price $399,500

58 units of co-op - median asking price $237,500

Units closed in the 6 months period from 3/1/08 to 8/31/08

26 units of 2 family - median selling price $720,000

32 units of 1 family - median selling price $595,000

15 units of condo - median selling price $430,000

55 units of co-op - median selling price $202,000

Units closed in the 6 months period from 9/1/07 to 2/29/08

23 units of 2 Family - median selling price $770,000

44 units of 1 Family - median selling price $593,500

32 units of condo - median selling price $357,000

52 units of co-op - median selling price $220,000

Source: MLS of Long Island

Inventory as at 9/28/08

14 units of 2 family - median asking price $1,024,500

42 units of 1 family - median asking price $769,000

35 units of condo - median asking price $419,000

64 units of co-op - median asking price $214,500

Units closed in the 6 months period from 3/1/08 to 8/31/08

11 units of 2 family - median selling price $840,000

21 units of 1 family - median selling price $675,000

17 units of condo - median selling price $380,000

64 units of co-op - median selling price $203,750

Units closed in the 6 months period from 9/1/07 to 2/29/08

12 units of 2 Family - median selling price $845,000

22 units of 1 Family - median selling price $671,500

26 units of condo - median selling price $371,500

73 units of co-op - median selling price $190,000

Source: MLS of Long Island

43-36 Robinson St - 2 bedrooms 1 bath about 880 square feet.

Sold for $238,000 in Aug, 2008.

Kissena Co-op is a 6-stories building built in 1954.

The building is located on Robinson St between Cherry Ave and 45 Ave.

The maintenance Fee $629 includes electric, gas, water, heat and real estate tax.

It is managed by Wentworth Management in Brooklyn.