When it comes to home values, the numbers don’t lie!
If you are buying or selling your next home in Queens, you’re in good shape! Take a look at what is happening with the median sales price in Queens below.
Residential sales prices have increased year over year, while condo sales prices remain strong. When it comes to coops, the sales price has decreased slightly from 2011 making it a good time to buy one.
The numbers indicate the the Queens housing marketing remains strong. With low taxes, rock-bottom interest rates and some great buys, Queens has a lot of opportunity. Click on each tab to see what the numbers are doing.
[tabs slidertype=”top tabs” fx=”slide”] [tabcontainer] [tabtext]Residential[/tabtext] [tabtext]Condo[/tabtext] [tabtext]Coop[/tabtext] [/tabcontainer] [tabcontent] [tab]Median Sales Price Aug 2010 $440,000 | Aug 2011: $458,000 | Aug 2012: $475,000[/tab] [tab]Aug 2010: $341,000 | Aug 2011: $355,000| Aug 2012: $350,000[/tab] [tab]Aug 2010: $195,000 | Aug 2011: $199,000 | Aug 2012: $181,000[/tab] [/tabcontent] [/tabs]
What does this mean if you’re renting? Take a look at your current rental prices and find out if owning a home could give you a lower monthly payment. A skilled and experienced real estate agent will be able to help you with this.
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