Elmhurst, NY

The co-op is located at 57-10 Junction Blvd, #3C, Elmhurst, NY 11373.

It was sold for $275,000, closed in Oct. 2009.

The co-op is a 6-stories building, managed by Bellmarc.

Built in 1961, it is about 1200 square feet, maintenance fee is $807.

The location is just one block to Quens Center Mall and three blocks to Queens Blvd.

I just sold the co-op located at 41-67 Judge St, #5F, Elmhurst, NY 11373.

It is sold for $169,800, closed in April, 2010.

The co-op is a 6-stories building, managed by TKR.

Built in 1963, it is about 700 square feet, maintenance fee is $572.

The location is just few blocks to Boardway, Subway #7 & G, R, V, Elmhurst H

Sales of co-op & condo both increased comparing to 2009, inventory is still over a year's supply.

Inventory as at 05/03/10:

44 units of 2-family - median asking price $769,000 (22 months supply)*

17 units of 1-family - median asking price $578,000 (12 months supply)*

62 units of condo - median asking price $404,000 (15 months supply)*

74 units of co-op - median asking price $199,000 (18 months supply)*

*Based on the closings in the first quarter 2010.

Units closed in the first quarter 2010:

6 units of 2-family - median selling price $676,500

4 units of 1 family - median selling price $565,000

12 units of condo - median selling price $392,500

12 units of co-op - median selling price $175,000

Units closed in the first quarter 2009:

6 units of 2-family - median selling price $865,000

6 units of 1-family - median selling price $460,000

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

9 units of co-op - median selling price $192,000

Source: MLS of Long Island

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

In Elmhurst there are too many new condos, at the pace of the first months of this year, it will take over 8 years to sell. It is a long road to recovery.

Inventory as at 07/17/09:

44 units of 2-family - median asking price $772,500 (19 months inventory)

23 units of 1-family - median asking price $589,000 (9 months inventory)

65 units of condo - median asking price $425,000 (8 years inventory)

74 units of co-op - median asking price $199,000 (21 months inventory)

Units closed in the first half year of 2009 - 01/01/09 to 06/30/09:

14 units of 2-family - median selleing price $700,000

16 units of 1-family - median selling price $520,000

4 units of condo - median selling price $200,000

21 units of co-op - median selling price $185,000

Units closed in the first half year of 2008 - 01/01/08 to 06/30/08:

21 units of 2-Family - median selling price $690,000

11 units of 1- Family - median selling price $540,000

20 units of condo - median asking price $359,000

26 units of co-op - median selling price $187,500

Source: MLS of Long Island