Historical Data - Apartments

Data through the Fourth Quarter of 2020

Overview and Summary

 

Sales of 66 apartments in the fourth quarter were down from 20% one year ago but up 53% from the third quarter.  Average sales prices rose in all categories except post-war coops, compared with both time periods. 

 

Year-to-date, total sales fell by 37%, to 227 apartments.  The largest drop, over 42%, was for prewar elevator coops.  Average sales prices were up in the single digits for all categories except condominiums, which declined by 2.3%.

 

 

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 2021    Daniel Karatzas

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

 

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