Kin's Blog: November 2009

Units under contract in the three counties were about the same as September, but were a big improvement from last year. Price drop was slowed down. The first-time home buyer credit is working.

....................... Inventory ..............*........... Units in contract ...................*....... Months Supply(1)

................. Oct 09 ....... Oct 08 ......*..... Oct 09 ..... Sept 09 ..... Oct 08

Queens ...... 9624 ........ 11303 .......*...... 838 ......... 864 .......... 572 .......*........ 11.5

Nassau ...... 9109 ......... 9929 ........*..... 1068 ........ 1005 ......... 689 .......*........ 8.5

Suffolk ..... 12510 ....... 13989 ........*.... 1155 ........ 1112 ......... 828 ........*....... 10.8

 ..................... Units closed ............................ Median Price on closed properties

 ................ Oct 09 .... Sept 08 .... Oct 08 ........... Oct 09 ...... Sept 09 ..... Oct 08

Queens ........ 707 .......... 618 ........ 653......... $345,000 .... $341,500 .... $385,000

Nassau ........ 929 ........... 845 ........ 786......... $400,000 .... $405,000 .... $425,000

Suffolk ........ 974 ........... 883 ........ 844 ........ $327,000 .... $338,000 .... $345,000

Note: (1) Based on contracts in Oct 09

Source: Long Island Board of Realtors

There is a 2 bedrooms in Mitchell Gardens Co-op for sale, which is located at 139-16 28 Rd, Flushing, NY11354, between 139 St & 141 St.

The building is a six stories building built in 1952.

The maintenance is $558 which includes electricity, gas, water, heat and real estate tax. The unit is about 850 square feet. The location is just off Whitestone Expressway and few blocks to Union St.

Asking price is $225,000. For Virtual Tour, click here or visit our web site www.KinRealEstate.com