QNS
The number homes that were on the market in Queens took a sharp increase at the end of the year, according to a recent report.
StreetEasy recently released their Q4 2018 Market Report, which tracks the real estate trends throughout the city. According to their findings, the number of homes for sale in New York City as a whole grew at double-digit rates, particularly in Queens, which saw a 30.8 percent annual increase in 2018.
The report found that the number of homes that were offered a price cut rose to 19.3 percent, marking a 5.6 precent increase year-over-year in Queens. However, the median price cut amount remained unchanged at 4.5 percent.
The fourth quarter report also found that the StreetEasy Queens Rent Index increased 2.6 percent annually, reaching $2,164. However, the share of rentals advertising concessions fell to 9.6 percent in Queens, marking a 5.6 percent decrease annually.
9 comments:
Yet home prices still remain out of reach for most citizens. I'm sure some foreign investors can afford them. Citizens are out of luck.
Folks are tired of the overcrowding and the crappy Fedders constructed sham homes being built everywhere. Queens is not what it used to be and our mayor is too focused on national politics than his own backyard. WE ARE DOOMED.
I heard tell newcomers looking to buy were asking how close F-Hills to LIC. ha...
Not only foreign investors, but the too big to fail and to incarcerate banks and banksters.
What State would Crapie readers move to if they could ?
Anonymous said...
What State would Crapie readers move to if they could ?
I used to live in Maryland but had to come back up to take care of my elderly parents. I bought a house in suffolk county which is still ALOT better than queens. But if I had family in Maryland, and no elderly parents then I would move back to Maryland. It's such a beautiful state in general in my opinion.
I think about Oregon or maybe Washington, but there's no real variety there owing to historical redlining and other issues, plus who wants grey, rainy weather 24/7? Certainly no where gun-happy, rural or in the Deep South as a brown guy. Southwest? Beautiful landscapes..but too empty, and too dry. Vermont, Hampsire, Maine? Nice forests, live-and-let-live mentality..but too cold..Cali? Too expensive. Mass, RI..nothing interesting for me there.
Jersey? My pride wouldn't allow it, ha! So I guess that leaves CT? It's actually more expensive than NY, I've read. There's just no damned place I'd rather be than Queens, NY...why it sucks so much when the things you love change in unpleasant, unnecessary ways! Actually a buddy whose mil lives down the street moved to Colorado Springs...my blood detests the cold, but he loves it..and having been, it's a good mixture of space, affordability, etc. Like everywhere else its fretting about becoming the next SanFran/NYC/Oregon/whatever
Taxes
Yes, for a city where there is a chronic shortage of housing there a lot of vacant houses in Queens, in come cases the owners are probably in Hong Kong or Abu Dhabi or some such place, I have seen this for years in my neighborhood in Bayside, Queens, I call them "night of long knives houses", it is a place for the owners to run if the political climate at home becomes too hot and the long knives come out, they have a house in Queens where they can be safe from the long knives, plus they can get good pizza.
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