Median Price in Queens on closed properties in August 2008 slightly higher than August last year. But inventory in Queens is 30% more than last August.
................... 2008 .......... 2007
Queens ... $410,000 ... $399,900
Nassau ... $477,500 ... $485,000
Suffolk ... $370,000 ... $389,000
................ Inventory ............... Units in contract ....................... Months Supply
................ 08/08 .... 08/07 ........ 08/08 .... 07/08 ...... 08/07
Queens .... 14390 .... 11035 ......... 676 ....... 765 ......... 691 ............. 21.3
Nassau .... 10435 .... 10294 ........ 829 ....... 963 ......... 952 .............12.6
Suffolk .... 14650 .... 14980 ........ 935 ........ 964 ........ 1015 ............ 15.7
Source: Long Island Board of Realtors
Median Price on closed properties dropped comparing to July last year.
................... 2008 .......... 2007
Queens ... $399,900 ... $472,000
Nassau ... $458,500 ... $495,000
Suffolk ... $389,000 ... $405,000
................ Inventory ............... Units in contract ....................... Months Supply
................ 07/08 .... 07/07 ........ 07/08 .... 06/08 ...... 07/07
Queens .... 11510 .... 10774 ........ 765 ...... 752 .......... 772 ............. 15
Nassau .... 10877 .... 10415 ......... 963 ...... 889 ......... 1012 ............ 11.3
Suffolk .... 15186 .... 14996 ......... 964 ...... 1041 ....... 1167 ............ 15.8
Source: Long Island Board of Realtors
37-20 81st Street, #6H - 1 bedroom 1 bath about 550 square feet.
Sold for $118,000 in Aug, 2008.
Cambridge Co-op is a 6-stories building built in 1925.
The building is located on 81 St between 37 Ave and Roosevelt Ave.
The maintenance Fee $588 includes gas, water, heat and real estate tax.
It is managed by Tudor Realty Services.
26-21 Union St, #3D - 1 bedroom 1 bath about 650 square feet.
Sold for $142,000 in Aug, 2008.
Linden Hill #2 Co-op is a 6-stories building built in 1954.
The building is located on Union St between 26 Ave & 28 Ave.
The maintenance Fee is $650 which includes electric, gas, water, heat and real estate tax.
Management Office is located on 142-20 26 Ave, Flushing, NY 11354.
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