Overview and Summary

 

Sales of 69 apartments in the second quarter were down from 81 in the year-ago quarter and from 95 in the prior quarter. Average sales prices were mostly down, across the board, compared with the year-ago quarter and prior quarter.  Year to date, total sales were essentially flat at 236 apartments.   Average sales prices declined between 1% and 6% for cooperatives but were up by 8% for condominiums. 

 

 

 

 

 

Disclaimers:

• This report covers the 11372 zip code only, comprising Jackson Heights and its Historic District
• Data is sourced from the New York City Department of Finance’s Rolling Sales Update
• Within the Rolling Sales Update, numerous transactions are listed with a closing price of $0. These transactions are not included in this analysis
• There are some inconsistencies and errors in the Rolling Sales Updates that were analyzed.  Transactions where closing prices were significantly below prevailing market prices were excluded from this analysis.

 

Copyright 2024    Daniel Karatzas

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