Overview and Summary

 

Sales of 76 apartments in the second quarter were down from 117 in 2Q22 but up from 71 in the first quarter.  Average sales prices were mostly lower than in the two prior periods, falling between 2% and 24%.  Only prewar coops, both walkup and elevator, each had one period were the current quarter's average sales price was higher than the two prior periods.

 

 

 

 

 

 

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 2023    Daniel Karatzas

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

 

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