Historical Data - Apartments

Data through the Second Quarter of 2020

Overview and Summary

 

Sales of 41 apartments in the second quarter were down from 90 one year ago and down from 82 in the first quarter.  Average sales prices rose for postwar coops and condominiums, but fell for both prewar walkup and elevator coops. The second quarter's drop in sale along with sales mix, likely led to this sales price volatility.

 

Year-to-date, total sales fell by almost 32%, to 116 apartments.  The largest drop, over 44%, was for prewar elevator coops.  Average sales prices were flat for prewar walkup coops and up 8.0% for prewar elevator coops. Postwar coops saw their average sales price climb by 2.2%, while condominiums fell by 8.7%.

 

 

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

 

Please note that the graphics that follow are just a small subset of the complete report