Kin's Blog: October 2009

Inventory as at 9/30/09:

33 units of 2 family - median asking price $879,000 (10 months supply)*

24 units of 1 family - median asking price $653,500 (8 months supply)*

50 units of condo - median asking price $461,000 (21 months supply)*

93 units of co-op - median asking price $249,000 (16 months supply)*

*Based on the closings in the first 8 months in 2009.

Units closed in the 8 months period from 1/1/09 to 8/31/09:

25 units of 2 family - median selling price $790,000 (volume decreased by 21% year over year)

23 units of 1 family - median selling price $582,000 (volume decreased by 53% year over year)

19 units of condo - median selling price $349,000 (volume decreased by 34% year over year)

44 units of co-op - median selling price $215,000 (volume decreased by 39% year over year)

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

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

49 units of 1 Family - median selling price $590,000

29 units of condo - median selling price $420,000

73 units of co-op - median selling price $210,000

Source: MLS of Long Island

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

Inventory as at 9/30/09:

10 units of 2 family - median asking price $899,000 (20 months supply)*

36 units of 1 family - median asking price $745,500 (14 months supply)*

82 units of condo - median asking price $406,000 (59 months supply)*

122 units of co-op - median asking price $210,500 (21 months supply)*

*Based on the closings in first 8 months 2009

Units closed in the 8 months period from 1/1/09 to 8/31/09:

4 units of 2 family - median selling price $900,000 (volume decreased by 76% year over year)

20 units of 1 family - median selling price $648,750 (volume decreased by 31% year over year)

11 units of condo - median selling price $350,000 (volume decreased by 62% year over year)

45 units of co-op - median selling price $182,000 (volume decreased by 51% year over year)

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

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

29 units of 1 Family - median selling price $675,000

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

93 units of co-op - median selling price $193,000

Source: MLS of Long Island

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

The unit is located at 26-26 141 St, Apt 4C, Flushing, NY 11354 - 2 bedroom 1 bath about 900 square feet. It was sold for $195,000 in September, 2009. 

The building is a 6-stories building which was built in 1952.

The unit sold is located on 141 St between Whitestone Expressway & 28 Ave, just 2 blocks from Union St for buses. The area is quiet, finding parking space on street is easy.

The monthly maintenance fee is $707 which includes electric, gas, water, heat & real tax. The Co-op is managed by Metro Management.