Kew Gardens Hills, NY

The inventory level is normal based on the sales for the 12-months period from September 09 to August 10, except the co-op (15 months).

If we take a look of the sales in last two-months, then the situation look a little bit more worse.

Inventory as at 09/25/10:

8 units of 2-family - median asking price $659,500 (10 months supply)*

30 units of 1-family - median asking price $597,000 (6 months supply)*

18 units of condo - median asking price $268,500 (8 months supply)*

178 units of co-op - median asking price $189,000 (15 months supply)*

*Based on the closings in the period 9/1/09 - 8/31/10.

Units closed in the period 9/1/09 to 8/31/10:

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

54 units of 1 family - median selling price $505,500

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

142 units of co-op - median selling price $163,000

Units closed in the period 7/1/10 to 8/31/10:

0 units of 2-family (~ months supply)#

10 units of 1 family - median selling price $514000 (6 months supply)#

4 units of condo - median selling price $261,000 (13 months supply)#

21 units of co-op - median selling price $165,000 (16 months supply)#

#The current inventory level based on the last two-months sales.

Date source: MLS of Long Island

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

It was a quiet residential street in Kew Garden Hills/Flushing, there would not be many walking traffic normally.

If you saw more than 20 people gathering on the street, yelling, pushing each other, would you call 911?

After one or two minutes, cars stopped and they still didn't move. I didn't want bad thing happened before it was too late, so I called 911.

After few minutes they left liked nothing happened.

But that is not the end of my story. The worst thing happened was no police ever showed up. After the Crowd left, I was still waiting for the police for more than half an hour. I thought may be I need to brief the police what happened. That made me think of the Central Park Sexual Assault in 2000 that the police didn't stop the crime right in front of them.