Historical Data - Apartments

Data through the Third Quarter of 2020

Overview and Summary

 

Sales of 37 apartments in the third quarter were down from 106 one year ago and down from 43 in the second quarter.  Average sales prices rose for postwar coops, but fell in all other categories compared with 3Q19.  Average sales prices were down for both prewar walkup coops and condominiums versus the second quarter. 

 

Year-to-date, total sales fell by 44%, to 156 apartments.  The largest drop, over 57%, was for prewar elevator coops.  Average sales prices were down for prewar elevator coops and condominiums, and up in the low single digits for prewar walkup and postwar elevator coops.

 

 

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 2020    Daniel Karatzas

Any reproduction or use of this report must be approved, in advance, by its author

 

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