Kin's Blog: September 2008

Inventory as at 9/28/08

44 units of 2 family - median asking price $953,500

25 units of 1 family - median asking price $698,000

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

58 units of co-op - median asking price $237,500

Units closed in the 6 months period from 3/1/08 to 8/31/08

26 units of 2 family - median selling price $720,000

32 units of 1 family - median selling price $595,000

15 units of condo - median selling price $430,000

55 units of co-op - median selling price $202,000

Units closed in the 6 months period from 9/1/07 to 2/29/08

23 units of 2 Family - median selling price $770,000

44 units of 1 Family - median selling price $593,500

32 units of condo - median selling price $357,000

52 units of co-op - median selling price $220,000

Source: MLS of Long Island

Inventory as at 9/28/08:

14 units of 2 family - median asking price $1,024,500

42 units of 1 family - median asking price $769,000

35 units of condo - median asking price $419,000

64 units of co-op - median asking price $214,500

Units closed in the 6 months period from 3/1/08 to 8/31/08:

11 units of 2 family - median selling price $840,000

21 units of 1 family - median selling price $675,000

17 units of condo - median selling price $380,000

64 units of co-op - median selling price $203,750

Units closed in the 6 months period from 9/1/07 to 2/29/08:

12 units of 2 Family - median selling price $845,000

22 units of 1 Family - median selling price $671,500

26 units of condo - median selling price $371,500

73 units of co-op - median selling price $190,000

Source: MLS of Long Island

43-36 Robinson St - 2 bedrooms 1 bath about 880 square feet.

Sold for $238,000 in Aug, 2008.

Kissena Co-op is a 6-stories building built in 1954.

The building is located on Robinson St between Cherry Ave and 45 Ave.

The maintenance Fee $629 includes electric, gas, water, heat and real estate tax.  

It is managed by Wentworth Management in Brooklyn.

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