Kin Tsui

Inventory as at 04/29/09:

40 units of 2 family - median asking price $890,000

26 units of 1 family - median asking price $664,500

54 units of condo - median asking price $468,500

75 units of co-op - median asking price $239,000

Units closed in the last 3 months period from 01/01/09 to 03/31/09:

6 units of 2-family - median selling price $769,000

5 units of 1 family - median selling price $591,000

5 units of condo - median asking price $315,000

13 units of co-op - median selling price $238,000

Units closed in the same 3 months period last year from 01/01/08 to 03/31/08:

10 units of 2 Family - median selling price $737,500

22 units of 1 Family - median selling price $570,000

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

24 units of co-op - median selling price $215,000

Source: MLS of Long Island

Inventory as at 04/29/09:

21 units of 2-family - median asking price $899,000

32 units of 1-family - median asking price $764,000

65 units of condo - median asking price $420,000

102 units of co-op - median asking price $212,000

Units closed in the last 3 months period from 01/01/09 to 03/31/09:

No 2-family was sold.

4 units of 1-family - median selling price $621,000

3 units of condo - median asking price $333,000

11 units of co-op - median selling price $168,000

Units closed in the same 3 months period last year from 01/01/08 to 03/31/08:

7 units of 2-Family - median selling price $830,000

10 units of 1- Family - median selling price $705,000

16 units of condo - median asking price $373,500

34 units of co-op - median selling price $175,500

Source: MLS of Long Island

Median Price Drop accelerated in Queens. Nassau & Suffolk slowed down.

Median Price on closed properties:

................ Mar 2009 .... Mar 2008

Queens ... $355,000 ... $420,000 (-15.48%)

Nassau ... $405,500 ... $445,000 (-8.88%)

Suffolk ... $319,800 ... $365,000 (-12.38%)

Units under contract in Queens increased 20% more than Feb 2009:

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

................. Mar 09 ..... Mar 08 ........ Mar 09 .... Feb 09 ...... Mar 08

Queens ..... 10421 ..... 11206 ........... 667 ........ 555 .......... 667 ............. 15.6

Nassau ....... 9843 ....... 9862 ........... 792 ........ 614 .......... 831 ............. 12.4

Suffolk ..... 13099 ..... 14141 ........... 896 ........ 656 .......... 971 ............. 14.6

Source: Long Island Board of Realtors

It is located at 138-25 31st Drive (Linden Towers Section No 2) - 2 bedrooms 1 bath about 1050 square feet.

Sold for $228,000 in March, 2009.

Linden Towers Co-op is a 6-stories building built in 1953.

The building is located on 31st Drive between 138th St and 140th St.

The monthly maintenance Fee $603 includes electric, gas, water, heat and real estate tax.

There is a management office on the premises.

Median Prices in Queens, Nassau & Sufflk on closed properties was dropped more than 12% in Feb comparing to last year:

................ Feb 2009 .... Feb 2008

Queens ... $372,000 ... $425,000 (-12.47%)

Nassau ... $400,000 ... $458,800 (-12.82%)

Suffolk ... $309,500 ... $359,500 (-13.91%)

Sales improved. There is more units in contract than Jan 09:

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

.................. Feb 09 ..... Feb 08 ........ Feb 09 .... Jan 09 ...... Feb 08

Queens ..... 10408 ..... 10809 .......... 555 ........ 519 .......... 565 ............. 18.8

Nassau ....... 9471 ....... 9307 ........... 614 ........ 534 ......... 674 ............. 15.4

Suffolk ..... 12867 ..... 13739 ........... 656 ........ 562 ......... 870 .............. 19.6

Source: Long Island Board of Realtors