Overview and Summary

 

Sales of 106 apartments in the fourth quarter were slightly higher than in both 4Q21 and 3Q22.  Average sales prices fell when compared with both the year-ago quarter and for all three coop categories.  Condominium average sales prices were higher, thanks to many closings at a newly constructed building.

 

Year-to-date, sales were up 4.4%, with 406 apartments sold.   Average sales prices fell modestly for all coop categories, while condominiums experienced an 8.7% increase.   

 

 

 

 

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 2022    Daniel Karatzas

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

 

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